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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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  #2481 (permalink)  
Old 23rd January 2013, 09:10 PM
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Default Re: oando

Quote:
Originally Posted by wanaj0 View Post
Very funny report. The SWOT analysis said nothing about the poor corporate governance, high debt, involvement in NEW AREAS (upstream). Stopped reading when I saw competent professionals as part of their strength. Nothing but a sales man pitch. No way you do a SWOT for OandO without talking about the upstream risks, without talking about the subsidy issue! Nothing about failure to deliver on past promises!

Which blue chip company is Tinubu a director or chairman? Many fabus for that report.
One thing no one is considering is that these guys are over diversifying and under investing, they have the gas sector, the refinery section, they have their marketing franchise and now they want to go upstream? I'm amazed folks don't see the obvious
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  #2482 (permalink)  
Old 23rd January 2013, 09:57 PM
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Default Re: oando

Quote:
Originally Posted by nosa2 View Post
One thing no one is considering is that these guys are over diversifying and under investing, they have the gas sector, the refinery section, they have their marketing franchise and now they want to go upstream? I'm amazed folks don't see the obvious
no worry, they will list the refinery arm in Kazakhstan using a reverse merger and then come and do another 3 for 1 right on the NSE . After that, na gas turn.....
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  #2483 (permalink)  
Old 23rd January 2013, 10:37 PM
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Default Re: oando

Quote:
Originally Posted by nosa2 View Post
One thing no one is considering is that these guys are over diversifying and under investing, they have the gas sector, the refinery section, they have their marketing franchise and now they want to go upstream? I'm amazed folks don't see the obvious
Oga nosa2 it is called the more you look the less you see(optical illusion) otherwise known as boju boju economics. The Barrister 'Wale Tinubu led management team of legal gymnasts are masters of the art of deception.
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  #2484 (permalink)  
Old 23rd January 2013, 10:39 PM
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Default Re: oando

Quote:
Originally Posted by nosa2 View Post
One thing no one is considering is that these guys are over diversifying and under investing, they have the gas sector, the refinery section, they have their marketing franchise and now they want to go upstream? I'm amazed folks don't see the obvious
Please what is the obvious. A collapse like ENRON.
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  #2485 (permalink)  
Old 23rd January 2013, 10:39 PM
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Default Re: oando

Oando Rights Issue – Frequently Asked Questions - Proshare
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  #2486 (permalink)  
Old 23rd January 2013, 10:55 PM
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Default Re: oando

This company desperately need the fund from this right issues. The question is what have they done with previous one? Who is sure this one will not go the way of the other ones.
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  #2487 (permalink)  
Old 23rd January 2013, 11:42 PM
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Default Re: oando

Quote:
Originally Posted by nosa2 View Post
One thing no one is considering is that these guys are over diversifying and under investing, they have the gas sector, the refinery section, they have their marketing franchise and now they want to go upstream? I'm amazed folks don't see the obvious
Its there screaming in black and white in their cash position!
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  #2488 (permalink)  
Old 23rd January 2013, 11:46 PM
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Default Re: oando

just curious, are the trading of rights publicly done? Can we know how "many" rights are being traded and for how much?
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  #2489 (permalink)  
Old 23rd January 2013, 11:58 PM
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Default Re: oando

Quote:
Originally Posted by wanaj0 View Post
Very funny report. The SWOT analysis said nothing about the poor corporate governance, high debt, involvement in NEW AREAS (upstream). Stopped reading when I saw competent professionals as part of their strength. Nothing but a sales man pitch. No way you do a SWOT for OandO without talking about the upstream risks, without talking about the subsidy issue! Nothing about failure to deliver on past promises!

Which blue chip company is Tinubu a director or chairman? Many fabus for that report.
I see the hand of Underwriters here; they are primarily salesmen who would do anything to sell their product to you. They are not interested in what happens to you after you buy the product, but only interested in making their commission on you.
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  #2490 (permalink)  
Old 24th January 2013, 12:28 AM
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Default Re: oando

Quote:
Originally Posted by dr.abrahamb View Post
I see the hand of Underwriters here; they are primarily salesmen who would do anything to sell their product to you. They are not interested in what happens to you after you buy the product, but only interested in making their commission on you.
Wow, the rights issue is not been underwritten. Apparently, no financial institution accepted to underwrite it (Ventures Africa quoting Financial Mail). Oando has a credibility crisis. To survive, Wale and co may have to go.
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  #2491 (permalink)  
Old 24th January 2013, 05:37 AM
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Default Re: oando

Quote:
Originally Posted by hispy99 View Post
just curious, are the trading of rights publicly done? Can we know how "many" rights are being traded and for how much?
As a floor-based tradotrader, oando rights are traded immediately after the close of the regular market@2.30pm till the offer ends on feb 6. However, traders were informed yesterday that the right now faces some challenges as post offices nation-wide are on strike, which is hindering the distribution of the right document to its shareholders.

My opinion now is the right might see extention of offer period!
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  #2492 (permalink)  
Old 24th January 2013, 07:48 AM
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Default Re: oando

Quote:
Originally Posted by eniyanman View Post
Wow, the rights issue is not been underwritten. Apparently, no financial institution accepted to underwrite it (Ventures Africa quoting Financial Mail). Oando has a credibility crisis. To survive, Wale and co may have to go.
i'd been imagining if they have an underwritter for the right issue
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  #2493 (permalink)  
Old 24th January 2013, 09:33 AM
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Default Re: oando

Quote:
Originally Posted by dr.abrahamb View Post
Its there screaming in black and white in their cash position!
Dismall cash flow you said in an earlier post. That means they are in a deep mess. So what will happend next. Will the company collapse? Or may have to take stern actions like dropping some acquired assets/businesses and recover cash likely at a loss. Who can kick out the management. This stock really is a HOLD/SELL. (Meristem has issued a sell all along) OANDO has a lifeline to extend the offer closing date with the NIPOST delays. This year will be bumpy for OANDO while some stocks will be taking a smooth jet take-off.
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  #2494 (permalink)  
Old 24th January 2013, 11:17 AM
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Default Re: oando

Quote:
Originally Posted by Babs_O View Post
Dismall cash flow you said in an earlier post. That means they are in a deep mess. So what will happend next. Will the company collapse? Or may have to take stern actions like dropping some acquired assets/businesses and recover cash likely at a loss. Who can kick out the management. This stock really is a HOLD/SELL. (Meristem has issued a sell all along) OANDO has a lifeline to extend the offer closing date with the NIPOST delays. This year will be bumpy for OANDO while some stocks will be taking a smooth jet take-off.
More borrowing in the offing; thereby defeating the purpose for the rights(in the first instance).
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  #2495 (permalink)  
Old 24th January 2013, 11:53 AM
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Default Re: oando

Quote:
Originally Posted by dr.abrahamb View Post
More borrowing in the offing; thereby defeating the purpose for the rights(in the first instance).
proceeds from the right is meant for paying debt
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  #2496 (permalink)  
Old 24th January 2013, 11:59 AM
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Default Re: oando

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Originally Posted by hispy99 View Post
just curious, are the trading of rights publicly done? Can we know how "many" rights are being traded and for how much?
Well, the OandO (not Oando Plc) are willing to buy the rights off you fro free. They offered me the nonsense and I told them I will sell at market price minus N12. Maybe that's why the stock took a hit after running up for a few days?
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  #2497 (permalink)  
Old 24th January 2013, 12:02 PM
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Default Re: oando

Oando! Kai!

The more I look at the prospectus the more I see funny things going on.
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  #2498 (permalink)  
Old 24th January 2013, 12:03 PM
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Default Re: oando

Quote:
Originally Posted by goldsun2 View Post
proceeds from the right is meant for paying debt
May be you did not get my drift. By 'defeating the purpose for the rights' I mean they would still have to go a-borrowing afresh after paying up the ear-marked debts with the rights' proceeds.
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  #2499 (permalink)  
Old 24th January 2013, 12:05 PM
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Default Re: oando

Quote:
Originally Posted by knightofdelta View Post
Oando! Kai!

The more I look at the prospectus the more I see funny things going on.
Oga KOD abeg 'show me more...'
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  #2500 (permalink)  
Old 24th January 2013, 12:07 PM
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Default Re: oando

Quote:
Originally Posted by knightofdelta View Post
Well, the OandO (not Oando Plc) are willing to buy the rights off you fro free. They offered me the nonsense and I told them I will sell at market price minus N12. Maybe that's why the stock took a hit after running up for a few days?
The Art of Negotiating 724.
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