Oando share price

[Audu Yakubu]

How do we explain why uptill now the share price of this security has not grown above its IPO level

[Audu Yakubu]

Originally Posted by Audu Yakubu

How do we explain why uptill now the share price of this security has not grown above its IPO level

Is there a management issue

[Taipan]

Hi. If u have any Oando shares, I'l advice u 2 hold bcos its a good buy. Like any other stock in the market, Oando is being affected by technicals i.e. market mood swings. But I can assure yuo that b4 dis year is over, the price will shoot-up. Oando has a good and visionary management and a lot of intrinsic value that hasnt been reflected in the share price, but it will. Infact, my real advice to you is to buy more right now if you have the cash; you wont regret it. Remember, the secret to making money in the market is to buy low and sell high. Uninformed investors usually wait for a stock to appreciate in value and then rush after it, so they get suckered because this is when the smart guys are selling. Get smart!!!

[Stockbear]

Do the analylsts in the house have anything to say about this?

[b]Oando Offers Bigger Dividend From Soaring Turnover, Profit



Despite the inelastic price of petroleum products during the recently concluded year, energy conglomerate, Oando Plc, last weekend gave its shareholders cause for cheer, with the release of its audited result.

Observers, however, noted that the turnover of N209.20 billion reported for the year represents a N15 billion decline from the nine-month sales revenues of N224 billion. This "anomaly" is yet to be explained by the Wale Tinubu-led management
of the company.

you can get the full gist by following the link below

http://independentngonline.com/?c=78&a=24056

[Stockbear]

There is room for growth with oando!

The Tide
Oando leads gainers’ chart
Tuesday, Apr 24, 2007

Oando Nigeria Plc led other seventy four (74) stocks that appreciated in price last week with a gain of N12.07 to close at N88.77 per share.

The Petroleum Market Subsector Company in the same week under review took the second position on the subsector’s chart with 1.45 million units of shares valued at N122.15 million in 303 deals, though, the oil subsector chart was led by African Petroleum Plc with 1.84 million units of shares valued at N117.0 million in 261 deals.

Afroil Plc emerged number three (3) on the petroleum marketing subsector chart with 1.27 million units of shares valued at N1.997 million in 28 deals, contributing to the subsector total of 5.9 million units of shares valued at N326.73 million in 1,010 deals.

The number of stocks that appreciated in price dropped from seventy-six (76) in the preceding week to seventy-four (74) in the week under review.

Nestle Nigeria Plc which took second position on the gainers chart recorded a gain of N7.51 to close at N307.50 per share, even as it traded 302,996 units of shares valued at N91.8 million in 169 deals.

http://www.thetidenews.com/article.a...olumn=BUSINESS

[y.p.c]

Oando has moved into the uPstream Oil & Gas industry with at least 1 block. Capital investment in such ventures requeres billions of dollars and this venture is somewhat top on Oando's priority list.

Years back Kupolokun (NNPC GMD) put a policy in place that all petroleum product improter should have an asset base of ($2m - or some high figure of the sort). Naturally , this affected a lot of indiginous players including the company I worked for back in 2003. The major players remained... Mobil, shell, Vitol, Hyson, Trafigura etc.

With access to such a lucritive business (which was a major part of their business protfolio, profits dwindled). This affected teh company since its IPO.

Even running to the JSE did not prove as worthwhile as it should have been.

One would also recall that some key staff left, including the new MD of Eterna. With a management reshuffle, there were holes in the company.
Jite O (the quiet one of the trio). Most considered him the background brains of the business. sources say that a lot of monet is spent on recruiting ex-harvard expats in the management of the business, which comes with a high price tag.

Going back to their focus in the upstream, which is a Capital intensive / long term investment, expect Oando's price to lay low for a while, at least till they strike oil. Than, and most likely, only then will you see prices soar.

Oando is not a short term gig but a medium/long term investment. Thsi investment is for your children rather than you.

[Avocado]

y.p.c.: Interesting news. Whether Oando is in the prospecting business for the long haul or not couldn't be concluded yet; the prospecting business isn't for the faint-hearted. Do you know which of the blocks they got allocated? Id there some source for this news item? Thanks!

Audu: what was the (I?)PO value and when was that out?

.

[dotunk]

Oando has prospects weather you like it or not... medium and long term.

1st Qtr results

Oando Plc Q1 31 March 2007

2007 2006 Growth

Turnover (N' Bn) 46.949 41.327 13.60%
Exceptional Item (N' Bn) 0.276
PBT (N' Bn) 1.340 0.851 57.46%
PAT (N' Bn) 1.073 0.636 68.71%
PAT After Minority Interest (N' Bn) 0.837 0.614 36.32%

[y.p.c]

Originally Posted by Avocado

y.p.c.: Interesting news. Whether Oando is in the prospecting business for the long haul or not couldn't be concluded yet; the prospecting business isn't for the faint-hearted. Do you know which of the blocks they got allocated? Id there some source for this news item? Thanks!

Audu: what was the (I?)PO value and when was that out?

.

Oando have participating interests in OPL 278. Partners are Camac Intl, Firts axis Oil & gas and Allied Energy Resources. The group won the block in the controversial 2005 bid round. A signature bonus (sign on fee) of $25m was paid.

[c kenneths]

Ill consider Oando a good buy presently for the reported increased profitability, although market sentiments seem to be very much against the oil marketing sector generally.

Like someone remarket early, the stock is a long term buy.

[dotunk]

right you are!

[whatsup]

What do you do with a share that has dropped below IPO price and you are tired of waiting 3 years to see what is going to happen.

Is it time to sell and move on or wait and see

[Taipan]

I bought Texaco sometime in 2004 around N180 and after waiting in frustration for 2 years (the price had fallen to N100), I sold it last year at N105. Well 2 mths after selling, the price had risen to N150 and higher now. Thats my regret.
It all depends. If the company is a good one, hold on to it cos it's bound to rise. Dont kill the goose that lays the golden eggs; investing long term is called value (fundamental) investing. Unfortunately, because of our generally bullish market, most people havent had a chance to learn it. We're all caught up in the greed of short-term profits and we'll pay for it!
By the way, if you're talking about Oando, I'll advice you to hold on to it as if it's all that you have.

[Apache]

Still testing my "catch up" Theory, I think it's going to come into play in this sector.
Guys, will advise you take position in either Oando or Conoil (preferably Oando bcos it's fundamentally strong). They will want to catch up with AP and Chevron thereby rising to the =N=200 band.
But remember you have to set an exit strategy for those that are not interested in the long haul.
I think another learning for this catch up theory is that it's likely to occur most in a bullish session (meaning - don't try this in a bear market)

[hispy99]

Oando to invest N7 billion in gas project

http://www.guardiannewsngr.com/energ...pdate=2402 08

[billions]

Originally Posted by Apache

Still testing my "catch up" Theory, I think it's going to come into play in this sector.
Guys, will advise you take position in either Oando or Conoil (preferably Oando bcos it's fundamentally strong). They will want to catch up with AP and Chevron thereby rising to the =N=200 band.
But remember you have to set an exit strategy for those that are not interested in the long haul.
I think another learning for this catch up theory is that it's likely to occur most in a bullish session (meaning - don't try this in a bear market)

great,...ur "catch up theory" worked well in d 2 stocks selected...and in oando in particular(as predicted).pls let me knw some of ur other theories.