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Nairaland Forum / Nairaland / General / Investment / Oando Rights Issue Over-Subscribed By 14% (3691 Views)
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Oando Rights Issue Over-Subscribed By 14% by scribble: 5:18pm On Mar 26, 2013 |
Oando Plc may have realised about N62 billion from its Rights Issue, indicating an oversubscription of N8 billion or 14 per cent, a source close to the regulators has exclusively revealed. http://www.theheraldng.com/oando-rights-issue-records-14-oversubscription/ |
Re: Oando Rights Issue Over-Subscribed By 14% by Nobody: 1:58pm On Mar 28, 2013 |
Interesting. |
Re: Oando Rights Issue Over-Subscribed By 14% by momodub: 1:59pm On Mar 28, 2013 |
share hlders don hammer |
Re: Oando Rights Issue Over-Subscribed By 14% by momodub: 2:13pm On Mar 28, 2013 |
analysts believe that the prospect of having a stake in the very lucrative upstream sector would increase investors’ appetite for Oando shares in the rights issue.take note guys |
Re: Oando Rights Issue Over-Subscribed By 14% by Nobody: 2:18pm On Mar 28, 2013 |
oando is a good stock that has learnt lessons on corporate governance, and thus better positioned for proft. so when are they crediting cscs accounts with the rights bought? or when will they send out rights certificate. its been over a month now. |
Re: Oando Rights Issue Over-Subscribed By 14% by stockbull(m): 2:22pm On Mar 28, 2013 |
it is not a suprise. A good stock for the longs |
Re: Oando Rights Issue Over-Subscribed By 14% by miqos02(m): 3:30pm On Mar 28, 2013 |
congrats to all successful shareholders |
Re: Oando Rights Issue Over-Subscribed By 14% by Akpan107(m): 3:56pm On Mar 28, 2013 |
i no even understand weytin dem dey talk sef... I have roughtly 10,000 units of OANDO shares... After all these grammer, what will be added to my shares na im i wan know. |
Re: Oando Rights Issue Over-Subscribed By 14% by Natudu: 4:24pm On Mar 28, 2013 |
Nice stock to hold. It will explode in the next few months.... |
Re: Oando Rights Issue Over-Subscribed By 14% by igbonla(m): 5:26pm On Mar 28, 2013 |
Natudu: Nice stock to hold. It will explode in the next few months.... Amen. |
Re: Oando Rights Issue Over-Subscribed By 14% by tayoast(m): 9:34pm On Mar 28, 2013 |
Akpan107: i no even understand weytin dem dey talk sef... I have roughtly 10,000 units of OANDO shares... After all these grammer, what will be added to my shares na im i wan know. To begin with, right issue is meant for existing shareholders. Since you did not buy additional shares, nothing will happen to the number of shares you have. The right issue being over-subscribed by 14% means demand by the right holders exceeded the company's supply by 14% (i.e 114 offers made for 100shares). 1 Like |
Re: Oando Rights Issue Over-Subscribed By 14% by hbrednic: 12:23am On Mar 29, 2013 |
same story all over again,na oversubsriction shareholders go chop abi ? |
Re: Oando Rights Issue Over-Subscribed By 14% by Nobody: 11:40pm On Apr 01, 2013 |
hbrednic: same story all over again,na oversubsriction shareholders go chop abi ?its just an indication of investors interest in the stock. |
Re: Oando Rights Issue Over-Subscribed By 14% by ttmacoy: 4:08pm On Dec 21, 2015 |
Interesting to note that Oando is now going through a third rights issue in about 3 years after reporting vey significant loses. I am suprisd no heads have rolled yet and investors are still going to over subscribe to the new offer despite the pice crashing to N6 resulting in loses for investors who have invested in the last 2 rights issue. I still have concerns for Oando especially given they are yet to impair the assets acquired at the height of the oil price boom from ConocoPhillips. |
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