NewStats: 3,264,201 , 8,182,947 topics. Date: Tuesday, 10 June 2025 at 07:15 AM m3x3g

bolton08:
It seems the big volume dumpers of Oando have gas out.

Never say never.
Someone may just come and dump it again, especially towards close of trade.

mikeapollo:


Never say never.
Someone may just come and dump it again, especially towards close of trade.

Is it advisable to buy more to average down?

bolton08:
It seems the big volume dumpers of Oando have gas out.

DCA is golden.

Fear of Wale is beginning of wisdom.
It could end up back at N10
NFA

Makanjuola89:
Is it advisable to buy more to average down?

Makanjuola89:
Is it advisable to buy more to average down?

The fall is still might eventually see Oando trading below ₦40. Wait a bit until the price activities settles.

Sunrisepebble:
Fear of Wale is beginning of wisdom.
It could end up back at N10
NFA

Very likely at this rate. Investors are all backing off and offloading their stakes. This is possibly due to very serious issues with Oando.

O and O has been so mean to it's investors. They had money to do owambe last year

Makanjuola89:
Is it advisable to buy more to average down?

Your average down may need another averaging. Imagine averaging at #57

designking:


The fall is still might eventually see Oando trading below ₦40. Wait a bit until the price activities settles.

the real fall has never started, you have to wait until they start share redistribution.

Onado is really having serious wahala but I bought some today at @ #52.
Looking for what to sell tomorrow to buy more wahala. It could be some sugar or ucap.
I like the wahala loading.Or I sell some presco or total.I seriously want this third buy of wahala.
Wapco what is happening. Don't make me sell and move the money to oando

Where is Streetinvestor2? We warned you guys to be cautious when buying Oando earlier this week—my technical analysis gave me clues. Personally, I’m in it, and I bought at a higher price. But it will recover as those who bought at even higher prices average down. After that, I’m not sure what will happen. Oando will need to come up with some good news.

No be by gra gra oo, na surgical operation we dey do here o.

I've voiced my concern about the financials. I dont see what is there to sustain the price, they gained massively from Other income which was a one off. The only thing I see saving the price is the news of the positive refinery bid. Otherwise, there's nothing in the stock

I could be wrong. I know some others have their different opinion which I respect also

designking:

Very likely at this rate. Investors are all backing off and offloading their stakes. This is possibly due to very serious issues with Oando.

Streetinvestor2:
Onado is really having serious wahala but I bought some today at @ #52.
Looking for what to sell tomorrow to buy more wahala. It could be some sugar or ucap.
I like the wahala loading.Or I sell some presco or total.I seriously want this third buy of wahala.
Wapco what is happening. Don't make me sell and move the money to oando

I no like wahala, but if you want wahala, no wahala

Streetinvestor2:
Onado is really having serious wahala but I bought some today at @ #52.
Looking for what to sell tomorrow to buy more wahala. It could be some sugar or ucap.
I like the wahala loading.Or I sell some presco or total.I seriously want this third buy of wahala.
Wapco what is happening. Don't make me sell and move the money to oando

Seriously looking for money to buy more Oando. The current price is tempting... I wish I hard more money to take another 100k units

In as much as I wouldn't want to say anything much on OANDO at this time, I'll just want to AGAIN advice those in it not to panic sell at loss.

Those selling are mostly not on queue......
We can never know what these guys are up to sometimes.....Once they want a stock at certain price, they'll do all to get it, nothing any retailer can do about it.....they have deep pockets and call the shots in this market.
So also, when they're ready to move it, they get the job done...... fundamentals or not.
I think patience is required at this time.

When GTB was dumped all the way down to 17/18 that time, there was no theory we didn't read here but the fundamentals were still intact then. Not too long after that, the story changed.
When Otedola entered Transcorp @N1.35, Transcorp moved all the way to circa 4 or 6 with no fundamentals, when Tony later stepped in, it went above N10........within same year or so....

If you don't trust Wale, maybe the best thing is to stay away from his stock!

ositadima1:
Where is Streetinvestor2? We warned you guys to be cautious when buying Oando earlier this week—my technical analysis gave me clues. Personally, I’m in it, and I bought at a higher price. But it will recover as those who bought at even higher prices average down. After that, I’m not sure what will happen. Oando will need to come up with some good news.

No be by gra gra oo, na surgical operation we dey do here o.

Walahi I wish I could get a soft loan now to buy seriously. I still bought today at #52.The thing dey pain me say I am out of liquid cash at this time because I restocked for the yr in my active businesses. I will try my sis if she has cash.I don't do interest loans because I don't want pressure

Sunrisepebble:
I've voiced my concern about the financials. I dont see what is there to sustain the price, they gained massively from Other income which was a one off. The only thing I see saving the price is the news of the positive refinery bid. Otherwise, there's nothing in the stock

I could be wrong. I know some others have their different opinion which I respect also

I like your opinion. My opinion is at this price and potential. I will pick oando over all company in her sector.Mr time will say the remaining. Let see what happens by yr end

yMcy56:
In as much as I wouldn't want to say anything much on OANDO at this time, I'll just want to AGAIN advice those in it not to panic sell at loss.

Those selling are mostly not on queue......
We can never know what these guys are up to sometimes.....Once they want a stock at certain price, they'll do all to get it, nothing any retailer can do about it.....they have deep pockets and call the shots in this market.
So also, when they're ready to move it, they get the job done.
I think patience is required at this time.

When GTB was dumped all the way down to 17/18 that time, there was no theory we didn't read here but the fundamentals were still intact then. Not too long after that, the story changed.

If you don't trust Wale, maybe the best thing is to stay away from his stock!

You always seem to compare apples and oranges—why do you do that? When GTB was selling, it had no financial issues; their profits were intact. How can you compare that to Oando, which currently faces severe financial difficulties? I don't understand you sometimes—are you involved in it? Oando may eventually sort itself out financially, but the current reality is bad and not comparable to GTB. As I recall, GTB’s issues were related to their transformation into GTCO and the unfounded fears that were created; even I was loading with my 50 kobos as it declined, as was your Agba. What exactly is your thesis?

Sunrisepebble:
I've voiced my concern about the financials. I dont see what is there to sustain the price, they gained massively from Other income which was a one off. The only thing I see saving the price is the news of the positive refinery bid. Otherwise, there's nothing in the stock

I could be wrong. I know some others have their different opinion which I respect also

I don't think this current Oando price drop is only due to poor financials. Several factors could be at play, including the share redistribution because the price started dropping just after the due date.
Also, it could be due to some market or deal makers trying to get the price to a certain range and mop up.
About 2 years ago, GT was selling very low around N16-N18, even when there was nothing wrong with its financials.
If you are interested in Oando, just make sure you buy at a convenient price and be ready to hold for the long term. There is 50% additional ''bonus'' units for you if you hold till 2027, if you can.
But the only thing that can prevent a further decline in the short term is positive quarterly results, and some major positive news e.g. successful refinery bid or the Angola oil bloc producing some good volumes

Streetinvestor2:
Walahi I wish I could get a soft loan now to buy seriously. I still bought today at #52.The thing dey pain me say I am out of liquid cash at this time because I restocked for the yr in my active businesses. I will try my sis if she has cash.I don't do interest loans because I don't want pressure

If you’re confident in yourself, take the loan. Oga Ema takes loans when he’s sure.

Please kindly .
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ositadima1:

You always seem to compare apples and oranges—why do you do that? When GTB was selling, it had no financial issues; their profits were intact. How can you compare that to Oando, which currently faces severe financial difficulties? I don't understand you sometimes—are you involved in it? Oando may eventually sort itself out financially, but the current reality is bad and not comparable to GTB. As I recall, GTB’s issues were related to their transformation into GTCO and the unfounded fears that were created; even I was loading with my 50 kobos as it declined, as was your Agba. What exactly is your thesis?

If it's Friday, I wouldn't have answered you because you for don dirty your eyes...😁

GTB was mentioned because of those that talked about fundamentals.
Despite it's fundamentals that time, massive dumping was happening on daily basis for months.......it came down to 17/18 from above N34 or thereabout.
Just to reiterate that what moves this market can be beyond fundamentals sometimes.
NEWS plays a key role.
"Porousity" is another key factor......respect to Oga Mendes911. 😊

What fundamentals took Juli to above N10 from below N1?

I agree with the bolded. Im talking about it from a long term perspective now. Let them prove me wrong in Q1

mikeapollo:


I don't think this current Oando price drop is only due to poor financials. Several factors could be at play, including the share redistribution because the price started dropping just after the due date.
Also, it could be due to some market or deal makers trying to get the price to a certain range and mop up.
About 2 years ago, GT was selling very low around N16-N18, even when there was nothing wrong with its financials.
If you are interested in Oando, just make sure you buy at a convenient price and be ready to hold for the long term. There is 50% additional ''bonus'' units for you if you hold till 2027, if you can.
But the only thing that can prevent a further decline in the short term is positive quarterly results, and some major positive news e.g. successful refinery bid or the Angola oil bloc producing some good volumes

Sunrisepebble:
I agree with the bolded. Im talking about it from a long term perspective now. Let them prove me wrong in Q1

Okay, let's wait and see.
You may be proved right once more, but I pray not.

Streetinvestor2:
Walahi I wish I could get a soft loan now to buy seriously. I still bought today at #52.The thing dey pain me say I am out of liquid cash at this time because I restocked for the yr in my active businesses. I will try my sis if she has cash.I don't do interest loans because I don't want pressure

Its now 48. I doubt if it will go below 40.

ositadima1:


If you’re confident in yourself, take the loan. Oga Ema takes loans when he’s sure.

Thr are things igbos say you don't learn at old age.I have never taken a loan in my life.I will not do it at this age.If I miss the opportunity. I believe definitely another will come.I may like sell some presco or ucapital tomorrow
Pls the guy who dropped oando yesterday should do it again today

Mpeace:
Its now 48. I doubt if it will go below 40.

Anything can happen! This is like a jungle, with different interests at play! Be prepared for the worst, so you don't get shocked when it happens!

Mpeace:
Its now 48. I doubt if it will go below 40.

Wale and his proxy are delisting minority shareholders from back door...my street sense

ositadima1:
Where is Streetinvestor2? We warned you guys to be cautious when buying Oando earlier this week—my technical analysis gave me clues. Personally, I’m in it, and I bought at a higher price. But it will recover as those who bought at even higher prices average down. After that, I’m not sure what will happen. Oando will need to come up with some good news.

No be by gra gra oo, na surgical operation we dey do here o.

Just make sure to buy the fall

Streetinvestor2:
Wale and his proxy are delisting minority shareholders from back door...my street sense

Something is happening backdoor but not yet known to the public.
Some games at play.

ositadima1:
As I recall, GTB’s issues were related to their transformation into GTCO and the unfounded fears that were created; even I was loading with my 50 kobos as it declined, as was your Agba. What exactly is your thesis?

The issue with GTB wasn't about transition to Holdco but had to do with GT and Innosun together with some insider politics and power at play then.

Even Agba jumped in @18 after watching the film to certain series that time......many ran and the likes of Agba cashed out on them.

Respect to Oga WanajO who identified it as goldmine then.