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Oando the Jewel of the JSE

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InvestKing
Occasional Contributor
Oando Plc remains one of the jewels of the stock market at the moment. True value in real terms estimated at around R10 a share is currently traded at levels around R180 - R200 and in some weeks lower. It offers one of the most attractive div. yields in the market (even more than my residential property ROI for the last 8 months) If you study the Nigerian story, this economy is rock solid and is positioned to overstake S.A's GDP by the next decade and growing at the rate of close to 9% per annum. Oando's revenue was up +50% (ending 30/06/2011) and Gross Profit to $220m (R1.7b) from $187m If you believe in the Africa story, if you believe in the Oil story and study the underlying company performance, then this is a BUY BUY BUY.
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