ndept:
Oando that is talking about coming to market to raise capital. There is more to Oando, the stock is full of drama and I trust we are yet to see half of it until around November.

I think once the court case over delist is suspended the price will appreciate tremendously because ordinary if Oando is not talking about delisting and have been on business like their peers Oando price won't be trading at current low price despite making loss .

ProphetUtuocha:
So much noise on a company that will still deliver 400% this year. All because of the release of an outdated (2022) result. Meanwhile, the company's future trajectories are very bright!

To you it is outdated but to oando,it is latest.
Is outdated result suppose to put a fresh panic in a stock price? Why releasing this bomb now ?
3 Trillion debt no dey fear you.
Imagine Gtb capitalization is debt to oando.
Stock wey never reach 500B capitalization is oweing 3T

ProphetUtuocha:
So much noise on a company that will still deliver 400% this year. All because of the release of an outdated (2022) result. Meanwhile, the company's future trajectories are very bright!

In case you are looking for Mugus to offload on, i am here. I will buy all your holdings in Oando for N1 per unit Oando is worthless as at today based on the released 2022 AFS, so i am doing you a big favour.

Come to think of it, OandO has not released any disclosure on the Court Case...

Choiceguy:


I think once the court case over delist is suspended the price will appreciate tremendously because ordinary if Oando is not talking about delisting and have been on business like their peers Oando price won't be trading at current low price despite making loss .

Zenith about to run investors street 41"10". Am I missing something?

Agbalowomeri:


But you shouldn't bid exactly 100k
Bid like 500k then they know that you are serious

Lol, Shey u never see 99,000 × 5 before.

Una just like to heat up this space,

That's a court-ordered meeting for the translation of the shares of ZENITH to the Holding Company ZENITHHOLDCO.
There's no street running here ...

presiade:
Zenith about to run investors street 41"10". Am I missing something?

KarlTom:
Una just like to heat up this space,

That's a court-ordered meeting for the translation of the shares of ZENITH to the Holding Company ZENITHHOLDCO.
There's no street running here ...

I know. I only wanted to broach it and see if I'm missing anything. I've not had the time for the NSE in a while ...

KarlTom:
Una just like to heat up this space,

That's a court-ordered meeting for the translation of the shares of ZENITH to the Holding Company ZENITHHOLDCO.
There's no street running here ...

I don’t like this holdco structure. It’s an avenue for corporate governance abuse by bank owners. CBN needs to revisit the policy.

222Martins:
In case you are looking for Mugus to offload on, i am here. I will buy all your holdings in Oando for N1 per unit Oando is worthless as at today based on the released 2022 AFS, so i am doing you a big favour.

I don't gerrit... why are you so concerned for us who hold oando shares? Don't cry more than the bereaved nah

222Martins:
In case you are looking for Mugus to offload on, i am here. I will buy all your holdings in Oando for N1 per unit Oando is worthless as at today based on the released 2022 AFS, so i am doing you a big favour.

"The Group has forecast that it will return to profitability by 2024, but the forecast is highly dependent on the successful completion of the acquisition of NAOC’s working interest in OML 60 – 63,” Oando added."

You didn't see above abi

https://www.premiumtimesng.com/business/business-news/688710-oando-releases-delayed-2022-report-needs-n3trillion-to-close-funding-gap.html

Locotrader:


To you it is outdated but to oando,it is latest.
Is outdated result suppose to put a fresh panic in a stock price? Why releasing this bomb now ?
3 Trillion debt no dey fear you.
Imagine Gtb capitalization is debt to oando.
Stock wey never reach 500B capitalization is oweing 3T

First off, Loco, what crime have we comitted in purchasing Oando? The write-up from premium times felt like you were the one telling the writer how to use the words to convey the message of DOOM!! . Are you advising us or you're shouting at us

To the matters:
The bomb is to scare minority holders off so they can have less people to pay-off should they eventually de-list. If they are serious, we should have crossed that bridge a long time ago(Why all the psychological warfare?)

3Trillion debt? Is GTB an E&P company? Don't they know their place? With a growing revenue presently at 1.9T, 3Trillion is small debt and am sure they don't plan paying it in one SWOOP

Proposed 1trillion capital raise. Audacious, but let's see if bonds will come-up Q2.

OML 60-63 is a game changer for them!!
Loco allow us oooooooo

THIS IS NOT AN ADVICE BUT A PERSONAL OPINION ON THE OANDO MATTER.

SP PLEASE FALL!!

Zagee:


First off, Loco, what crime have we comitted in purchasing Oando? The write-up from premium times felt like you were the one telling the writer how to use the words to convey the message of DOOM!! . Are you advising us or you're shouting at us

To the matters:
The bomb is to scare minority holders off so they can have less people to pay-off should they eventually de-list. If they are serious, we should have crossed that bridge a long time ago(Why all the psychological warfare?)

3Trillion debt? Is GTB an E&P company? Don't they know their place? With a growing revenue presently at 1.9T, 3Trillion is small debt and am sure they don't plan paying it in one SWOOP

Proposed 1trillion capital raise. Audacious, but let's see if bonds will come-up Q2.

OML 60-63 is a game changer for them!!
Loco allow us oooooooo

THIS IS NOT AN ADVICE BUT A PERSONAL OPINION ON THE OANDO MATTER.

SP PLEASE FALL!!

lol @ Loco.Hope you considered this in your optimism

If the proposed advances from the exiting major shareholders are convertible debts, which often allows creditors to convert debt to equity in case of default, it could give Mr Tinubu and Mr Boyo another option of acquiring Oando fully, both of them being the core shareholders, if the plan to buy other shareholders fails.

Oando will also consider “the issuance of stock instead of cash for payment for services to vendors until profit and healthy cash flows from profitable operations may be achieved,” according to the earnings report.

Locotrader:


lol @ Loco.Hope you considered this in your optimism

If the proposed advances from the exiting major shareholders are convertible debts, which often allows creditors to convert debt to equity in case of default, it could give Mr Tinubu and Mr Boyo another option of acquiring Oando fully, both of them being the core shareholders, if the plan to buy other shareholders fails.

Oando will also consider “the issuance of stock instead of cash for payment for services to vendors until profit and healthy cash flows from profitable operations may be achieved,” according to the earnings report.

Paragraph 1: What then is stopping them?

Paragraph 2: Oh well, another way to services debt to vendors.


This is 2022 report we're burning rest over. Redflags from bad debts duely noted, Oya bring the 23FY report let's see how you've addressed the issues.

Okay. You didn't put is clearly.
It is what we think it is...

presiade:


I know. I only wanted to broach it and see if I'm missing anything. I've not had the time for the NSE in a while ...

Whereas the bolded is more likely of the two, I believe that whatever comes out of this whole shenanigans will make me smile...

Locotrader:


lol @ Loco.Hope you considered this in your optimism

If the proposed advances from the exiting major shareholders are convertible debts, which often allows creditors to convert debt to equity in case of default, it could give Mr Tinubu and Mr Boyo another option of acquiring Oando fully, both of them being the core shareholders, if the plan to buy other shareholders fails.

Oando will also consider “the issuance of stock instead of cash for payment for services to vendors until profit and healthy cash flows from profitable operations may be achieved,” according to the earnings report.

KarlTom:
Whereas the bolded is more likely of the two, I believe that whatever comes out of this whole shenanigans will make me smile...

At what price will they value the stock prior to conversion?
All things being equal, Oando is not a single digit naira stock.

Zagee:


Paragraph 1: What then is stopping them?

Paragraph 2: Oh well, another way to services debt to vendors.


This is 2022 report we're burning rest over. Redflags from bad debts duely noted, Oya bring the 23FY report let's see how you've addressed the issues.

If you are relying on 2023 report for success story,you will be disappointed.2023 is another bombshell waiting for explosions.

Raising of funds is the only option left now to clean their mess.If this fails,oando will cease to exist.

You have to wait till 2025/26 to see a strong balance sheet that is if you are still a shareholder by then.

Locotrader:


If you are relying on 2023 report for success story,you will be disappointed.2023 is another bombshell waiting for explosions.

Raising of funds is the only option left now to clean their mess.If this fails,oando will cease to exist.

You have to wait till 2025/26 to see a strong balance sheet that is if you are still a shareholder by then.

They say on or before July right? I am waiting for them.

Zagee:


At what price will they value the stock prior to conversion?
All things being equal, Oando is not a single digit naira stock.

Oando price should be more than #50 if they get it right but they don't want you as a shareholder.

Their plan is to delist in NsE and continue with JSE.Do you think they are releasing these outstanding results because of NSE?
Better go to JSE and wait for them.
They can't service this 3T naira debt hoping on distress Nigeria shareholders

222Martins:
So only one production line is working and yet they did not declare loss even when other brewers were declaring massive loss? Well for now, i don't care about production line. All i am waiting for in ChampBrew is answer to these 2 questions:

1. Are you declaring bonus or not? If YES, how much bonus?
2. For how much did Raysun sell their stake to Enjoycorp?

I know you sabi write English but it won't work on champion. Bonus will not take champion anywhere because they won't be the first to do so.champion is the same hope villa.

Otedola sold forte oil for #65 .how much did they buyout other shareholders
The new buyers only bought NB 86% and never said they are buying the remaining 14%
And akwa ibom state owns the major remaining stake and will not sell it to anyone. Champion is local player. If anyone is interested in breweries he should look at national player.Nobody is offering to buy you out and can even buy you out.I will rather gamble in IB than gamble with local champion that has one production line that hardly meets local demand
And new player coming in has not shown an expertise that is why they want NB to still remain in charge for a yr.They want to learn the job while on the job.For now champion is hope villa like other hope villa...na me talk am.

Nobi wen you do better sales you go declear loss.when you no even meet demand of akwa ibom na him you dey talk say other breweries dey declear loss way sell at national level

Champion is only good below #2.50 to be on the safe side.

Streetinvestor2:
I know you sabi write English but it won't work on champion. Bonus will not take champion anywhere because they won't be the first to do so.champion is the same hope villa.

Otedola sold forte oil for #65 .how much did they buyout other shareholders
The new buyers only bought NB 86% and never said they are buying the remaining 14%
And akwa ibom state owns the major remaining stake and will not sell it to anyone. Champion is local player. If anyone is interested in breweries he should look at national player.Nobody is offering to buy you out and can even buy you out.I will rather gamble in IB than gamble with local champion that has one production line that hardly meets local demand
And new player coming in has not shown an expertise that is why they want NB to still remain in charge for a yr.They want to learn the job while on the job.For now champion is hope villa like other hope villa...na me talk am.

Nobi wen you do better sales you go declear loss.when you no even meet demand of akwa ibom na him you dey talk say other breweries dey declear loss way sell at national level

Champion is only good below #2.50 to be on the safe side.

I can see you are stressed already but just take it easy.See heat flowing on your face.clean with hanky pls.You will overcome this horrible time oando and sugar has brought to you and other shell holders.

I just want to let you know that any price Raysun sold their 86% will also reflect on the company share price.Just tell them to announce the price let's see if the current price will not catch up with it.Unless they are selling at 2.50 then the share price has to plumet to 2.50.The 14% and small free float is the reason I entered the stock.We will shock you with it and you will remain silent for a while.

Just take it easy.This champion might lead you to a guest mode or change of moniker.

Locotrader:


I can see you are stressed already but just take it easy.You will overcome this time oando and sugar brought to you and other shell holders.

I just want to let you know that any price Raysun sold their 86% will also reflect on the company share price.Just tell them to announce the price let's see if the current price will not catch up with it.Unless they are selling at 2.50 then the share price has to plumet to 2.50.The 14% and small free float is the reason I entered the stock.We will shock you with it and you will remain silent for a while.

Just take it easy.This champion might lead you to a guest mode or change of moniker.

Lwkd.My sugar was never because of marger and onado na bet as I have always said.
Champion is hope villa.I will rather buy IB than Champion. How many state you they see Champion compared to hero.It is easy for IB to touch #10 than Champion to see even #6.
Even if the new owner buy for #10 is not because the stock worth it.Forte oil was bought for #65 and we wr paid less than #20 as shell holders
If we go buy that ,no new investor can buy Sugar and oando less than #100.They hold better prospects than beer in nigeria context

Champion does no worth above #2.50 if hero Company is just above #4
Champion suppose sabi its mate for street If not NB come refine the beer na watin them dey call brukutu for North be Champion .Champion never even start the journey. You don see whr Company way no be brewery Company they take over brewery business.
And for guest mode. Everyone knows is your second name here when you can't take the truth

From first hand information and insider information champion is local and does not worth above #2.50.The only life line that was introduced was by NB.NB is pulling out because of local politics in everything concerning the company...na me talk so.
HOw you go buy company come tell the supposed devil/competitor who wants the company dead to still manage it for you for 365 days...are you drunk ...common sense is no longer common

Streetinvestor2:
Lwkd.My sugar was never because of marger and onado na bet as I have always said.
Champion is hope villa.I will rather buy IB and Champion. How many state you they see Champion compared to hero.It is easy for IB to touch #10 than Champion to see even #6.
Even if the new owner buy for #10 is not because the stock worth it.Forte oil was bought for #65 and we wr paid less than #20.
If we go buy that no new investor can buy Sugar and oando less than #100.The hold better prospects than beer in nigeria context

Champion does no worth above #2.50 if hero Company is just above #4
Champion suppose sabi its mate for street If not NB come refine the beer na watin them dey call brukutu for North be Champion .Champion never even start the journey. You don see whr Company way no be brewery Company they take over brewery business.

Strong man.Good night.
See you tomorrow

yMcy56:

* I noticed you don't know how to quote people's posts.....
- Simply click on "Quote" in the person's post (Sample attached)...
- Comment below the post (or above it)
- Then "submit"

* If it's your own post and you want to make adjustment to it...
- Click on "Modify" , make the correction or adjustment..
Thanks
- Then "Submit"

** Let me add this also:
On top of the page when you login to Nairaland, you'll see different acronyms: FG, MT, FT, FB, FS..... they're all useful and serve different purposes.
MT for instance stands for MENTIONS, if you click it, it will show you different people that quoted you, the post quoted and their comments, etc.
You may then decide to reply them or not.

**NL-101**

Thanks.

KarlTom:
If you have the stock in your portfolio by close of trading on qualification day, you are qualified to receive dividends...

Exactly

Funny guy...... I will rather put my money in a local player that knows its market and turns a profit, than a National player trying to serve everybody and turns a loss. Before i put my N1 in ChampBrew, i knew my "Why", "the Upside" and the "Downside"...... That is the reason why you will never see me use words such as: Hope and Pray.

Win or lose, time will tell. No shaking

Streetinvestor2:
I know you sabi write English but it won't work on champion. Bonus will not take champion anywhere because they won't be the first to do so.champion is the same hope villa.

Otedola sold forte oil for #65 .how much did they buyout other shareholders
The new buyers only bought NB 86% and never said they are buying the remaining 14%
And akwa ibom state owns the major remaining stake and will not sell it to anyone. Champion is local player. If anyone is interested in breweries he should look at national player.Nobody is offering to buy you out and can even buy you out.I will rather gamble in IB than gamble with local champion that has one production line that hardly meets local demand
And new player coming in has not shown an expertise that is why they want NB to still remain in charge for a yr.They want to learn the job while on the job.For now champion is hope villa like other hope villa...na me talk am.

Nobi wen you do better sales you go declear loss.when you no even meet demand of akwa ibom na him you dey talk say other breweries dey declear loss way sell at national level

Champion is only good below #2.50 to be on the safe side.

222Martins:
Funny guy...... I will rather put my money in a local player that knows its market and turns a profit, than a National player trying to serve everybody and turns a loss. Before i put my N1 in ChampBrew, i knew my "Why", "the Upside" and the "Downside"...... That is the reason why you will never see me use words such as: Hope and Pray.

Win or lose, time will tell. No shaking

Today is local champions board meeting sha

https://doclib.ngxgroup.com/Financial_NewsDocs/40925_CHAMPION_BREW._PLC.-_NOTICES_OF_BOARD_MEETING_(BM)_-_NOTICE_BOARD_MEETING_(BM)_APRIL_2024.pdf

Streetinvestor2:
Na the champion matter we still dey oh.if you wan produce beer you got stop malt production because na one production line dey work now....lol

Funny how you were Loco's Number 1 street guy when talking down DANGSUGAR.......but you cease to be Street person on top Champion Brewery matter......since you're not speaking the language they want to hear.......

For Brewery Sector, if we're talking about the thing on the table for now, it's NB, Nigerian Breweries..
Anyone interested in the Sector should keep eye on NB.
- Lots of pick-ups ongoing there by the Parent Company possibly....
- The more the price falls from current price (28), the more it will be presenting good bargains......
- Na my opinion be this...

yMcy56:

Funny how you were Loco's Number 1 street guy when talking down DANGSUGAR.......but you cease to be Street person on top Champion Brewery matter......since you're not speaking the language they want to hear.......

For Brewery Sector, if we're talking about the thing on the table for now, it's NB, Nigerian Breweries..
Anyone interested in the Sector should keep eye on NB.
- Lots of pick-ups ongoing there by the Parent Company possibly....
- The more the price falls from current price (28), the more it will be presenting good bargains......
- Na my opinion be this...

He shock me too. It goes a long way to show that Streetinvestor is an impartial kind of guy that say things as he see them. While the Loco guy nah agenda kind of person way they always comment base on him own personal target, very MH kind of person. Make una dey follow am with caution o, he fit put una for wahala, atikpoju ooo, wani ka abasi ooo ...

yMcy56:

Funny how you were Loco's Number 1 street guy when talking down DANGSUGAR.......but you cease to be Street person on top Champion Brewery matter......since you're not speaking the language they want to hear.......

For Brewery Sector, if we're talking about the thing on the table for now, it's NB, Nigerian Breweries..
Anyone interested in the Sector should keep eye on NB.
- Lots of pick-ups ongoing there by the Parent Company possibly....
- The more the price falls from current price (28), the more it will be presenting good bargains......
- Na my opinion be this...

ositadima1:


He shock me too. It goes a long way to show that Streetinvestor is an impartial kind of guy that say things as he see them. While the Loco guy nah agenda kind of person way they always comment base on him own personal target, very MH kind of person. Make una dey follow am with caution o, he fit put una for wahala, atikpoju ooo, wani ka abasi ooo ...

Na Wetin dey on the table I dey look now.
I was inside oando until I see nothing on the table but calamities and bomb.I sold off 2 days ago.streetinvestor be my guy but he misses the champion way.we go know who is right and wrong very soon.