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View Poll Results: IF YOU ARE IN AMBITIOUSR SHOES WHAT WILL YOU DO?
PART WITH THE 50K 4 21.05%
ADMIT YOU WERE WRONG AND APOLOGIZE 11 57.89%
REMAIN DEFIANT 4 21.05%
Voters: 19. You may not vote on this poll

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  #2221 (permalink)  
Old 8th January 2013, 05:39 PM
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Default Re: oando

Quote:
Originally Posted by emmanuel ewumi View Post
Post right offer book value should be N21, down from the pre right offer book value of about N40.
Given current market conditions this isn't so attractive. In my opinion Oando is cheap but is just not cheap enough for me to buy, even if there was no drama there are stocks out there with better numbers and better growth prospects such as NEM so why waste resources on this
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  #2222 (permalink)  
Old 8th January 2013, 05:42 PM
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Default Re: oando

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Originally Posted by nosa2 View Post
Given current market conditions this isn't so attractive. In my opinion Oando is cheap but is just not cheap enough for me to buy, even if there was no drama there are stocks out there with better numbers and better growth prospects such as NEM so why waste resources on this
What is the market share of NEM in the insurance industry? What are the growth potentials of the Nigerian insurance industry? What is the quality of the human resources available in the industry.
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  #2223 (permalink)  
Old 8th January 2013, 05:45 PM
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Default Re: oando

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Originally Posted by emmanuel ewumi View Post
What is the market share of NEM in the insurance industry? What are the growth potentials of the Nigerian insurance industry? What is the quality of the human resources available in the industry.
The insurance sector has a very long way to go.
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  #2224 (permalink)  
Old 8th January 2013, 05:48 PM
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Default Re: oando

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Originally Posted by emmanuel ewumi View Post
What is the market share of NEM in the insurance industry? What are the growth potentials of the Nigerian insurance industry? What is the quality of the human resources available in the industry.
Let's have this discussion on the nem thread
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  #2225 (permalink)  
Old 8th January 2013, 07:16 PM
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Default Re: oando

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Originally Posted by knightofdelta View Post
Analyzing Oando is a full time job and I sure don't have that kind of time. If 10% of the companies on the NSE do the kind of things Oando do, we will have a horrible market to deal with. Oando doesn't put all their information together in one place. You will see one information somewhere and then another one will pop up from another place just when have just finished digesting the latest shenanigan . And the problem with Oando is that they are always doing transactions and all of them are complex. The more complex the transactions the bigger the room you leave for fleecing investors, like Enron.

Nestle do things in a simple way, just like Guinness, NB and even Dangote cement. It is only Oando, that is not even in the 30 most capitalized stocks on the NSE that will be running around the world opening companies in Bermuda and reversing some mergers in Canada while at the same time listing in South Africa and issuing a convertible bond domiciled in Netherlands.

Sometimes you wonder if the managers of Oando even have time to run the company.

By the way I will be meeting with the MD Oando before the end of the week. And for the record, I will no longer discuss anything in-depth about Oando for the next few months neither will I touch the stock with a long pole.

I'd rather buy a business I understand. As for the hurtful feelings, I am not hurt by Oando because I made money from it but I am just tired of their complexities.
Analyzing Oando is indeed a full time job. OANDO smells like an ENRON and flash thoughts was already on my mind for some time now before you mentioned it GBAM. You will not touch it with a long pole is making me screech to a halt. I need to invest time to go and see learnings from ENRON and really look this OANDO carefully. I made good profits from OANDO years back. Did not participate in the previous RIGHTS. But my current holding from N20 is at a loss. Overall a marginal gain at current prices. Could still sell all my holdings to pick up the rights (or exit completely) if the price gets pumped up. Perhaps this OANDO is not a good long term prospect. Perhaps it is.
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  #2226 (permalink)  
Old 8th January 2013, 07:23 PM
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Default Re: oando

Will like to share this FT site. OANDO is a hold.
Oando PLC, OANDO:LAG company performance - FT.com
There has been a net sale from Institutional investors. Though this is distorted by the huge sell-off by JP Morgan. Discounting JP Morgan which seemed to have exited many Nigerian stocks there is a net foreign institutional investor purchase. With Stanlib and Investec funds leading in buying more.

This site can be used to see though belated what institutional investors are doing on Nigerian stocks. FCMB, UBA etc a buy,
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Last edited by Babs_O; 8th January 2013 at 07:27 PM.
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  #2227 (permalink)  
Old 8th January 2013, 08:27 PM
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Default Re: oando

Quote:
Originally Posted by Babs_O View Post
Will like to share this FT site. OANDO is a hold.
Oando PLC, OANDO:LAG company performance - FT.com
There has been a net sale from Institutional investors. Though this is distorted by the huge sell-off by JP Morgan. Discounting JP Morgan which seemed to have exited many Nigerian stocks there is a net foreign institutional investor purchase. With Stanlib and Investec funds leading in buying more.

This site can be used to see though belated what institutional investors are doing on Nigerian stocks. FCMB, UBA etc a buy,
Then FCMB should start its fall tomorrow.
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  #2228 (permalink)  
Old 8th January 2013, 08:46 PM
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Default Re: oando

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Originally Posted by dr.abrahamb View Post
You 'believe'? Based on what? The promises of these guys? Emotion? Did you participate in the last public offer? Go back and pick up that prospectus and see how believable it was then.

As for when, I do know there are companies whose good cashflow took 2 years for Mr. Market to notice. The cashflow for these guys now can only be described in one word - DISMAL.
Looking OANDO at the FT site cashflow from operations is crap. No wonder KOD will not touch it with a long pole. Will go back and study what Warren says about cash flow.
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Last edited by Babs_O; 8th January 2013 at 08:48 PM.
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  #2229 (permalink)  
Old 8th January 2013, 08:49 PM
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Default Re: oando

Quote:
Originally Posted by Oracle View Post
Then FCMB should start its fall tomorrow.
You wish. I dey front seat here at N 3.2
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  #2230 (permalink)  
Old 8th January 2013, 08:55 PM
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Default Re: oando

Quote:
Originally Posted by Babs_O View Post
You wish. I dey front seat here at N 3.2
I laugh in Turkish. But people bought at N2.9. Leave them let them carry the can!
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  #2231 (permalink)  
Old 8th January 2013, 09:08 PM
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Default Re: oando

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Originally Posted by Oracle View Post
I laugh in Turkish. But people bought at N2.9. Leave them let them carry the can!
So you bought the 7.9 million units at the bottom on 17the September 2012. Congratulations.
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  #2232 (permalink)  
Old 8th January 2013, 09:15 PM
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Default Re: oando

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Originally Posted by Babs_O View Post
So you bought the 7.9 million units at the bottom on 17the September 2012. Congratulations.
No be me o! Na others! They also bought at N3.
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  #2233 (permalink)  
Old 8th January 2013, 09:25 PM
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Default Re: oando

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Originally Posted by Oracle View Post
No be me o! Na others! They also bought at N3.
And between 6th Aug and 13th Septemeber on 11 trading days others bought 77 million units at N 3.0 Excellent
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  #2234 (permalink)  
Old 9th January 2013, 05:18 AM
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Default Re: oando

Oando to Declare N11.7 billion Profit, Articles | THISDAY LIVE
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  #2235 (permalink)  
Old 9th January 2013, 06:00 AM
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Default Re: oando

Oando profits are only seen on papers and does not translate to benefit for the shareholders. Well I believe this story is to trap those whom they can trap into their right offer. For me the climate over Oando is not clear yet. A word is enough for the wise.

Last edited by dr dowell; 9th January 2013 at 06:03 AM. Reason: topographic error
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  #2236 (permalink)  
Old 9th January 2013, 12:03 PM
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Default Re: oando

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Originally Posted by dr dowell View Post
Oando profits are only seen on papers and does not translate to benefit for the shareholders. Well I believe this story is to trap those whom they can trap into their right offer. For me the climate over Oando is not clear yet. A word is enough for the wise.
On point there my Ogas, Oando is likely going to deliver that kind of profit on paper.

But should they deliver that and retain their present working capital changes as it is, then a script issue from reserves will be the best they can do. By the way their authorized shareholding is 10b units; post-issue 3.178b unissued units gives room for 2 for 5 bonus.
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  #2237 (permalink)  
Old 9th January 2013, 12:15 PM
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Default Re: oando

Quote:
Originally Posted by emmanuel ewumi View Post
Post right offer book value should be N21, down from the pre right offer book value of about N40.
Oga Emma this your plain-BV fit make people jump enter fire O. You cannot rely on this net-assets you see on paper. They have intangible assets in humongous proportions.
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  #2238 (permalink)  
Old 9th January 2013, 12:26 PM
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Default Re: oando

Quote:
Originally Posted by dr.abrahamb View Post
Oga Emma this your plain-BV fit make people jump enter fire O. You cannot rely on this net-assets you see on paper. They have intangible assets in humongous proportions.
Remove the intangible asset of 23 billion naira, that will still give a post right offer BV of over N18.
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  #2239 (permalink)  
Old 9th January 2013, 12:31 PM
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Default Re: oando

Quote:
Originally Posted by emmanuel ewumi View Post
Remove the intangible asset of 23 billion naira, that will still give a post right offer BV of over N18.
Make you use the Q2 result...I think its about N34b and rising.
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  #2240 (permalink)  
Old 9th January 2013, 12:35 PM
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Default Re: oando

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Originally Posted by dr.abrahamb View Post
Make you use the Q2 result...I think its about N34b and rising.
I used the last audited result. I will check the Q2 result. What are the components of the current intangible assets that made it to rise, when was the last time some of their tangible assets were re-valuated?

Last edited by emmanuel ewumi; 9th January 2013 at 12:44 PM.
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