RE: RE: RE: Valuations - OER vs MMT You are safer with your money in another stock than any company associated with Mart and OER.
Please check the corporate governance issues around these companies in Nigeria, and you will realise they are not set up to return profit to their non-major shareholders.
Mart has a subsidiary in Nigeria called NRG, please do some investigation on NRG and Oando.
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Thxs for the dooms day call, but tell me what do you call buying a stock at 0.11¢ which is now at $1.90 or so and to boot gives you an annual dividend of 13%.
Is this not an acceptable return and risk reward ?
As for NRG, thank you, fully aware of it as this is for all intent and purpose Mart and how Mart got these delicious contract - raise money to buy drill rigs and assume Capex and Opex in return for a hefty slice of the pie until Capex is covered and after that still grab 50% of the pie cvering Opex and sending fat quarterly checks to the share holders as dividend.
See, dunno about others but at this end thank you much did my Due Diligence years back and very comfortable holding Mart and sitting on rather nice profit thank you very much.
Sorry you could not get in on the plays!