UkwuAmu:


https://doclib.ngxgroup.com/Financial_NewsDocs/36201_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_JUNE_2022.pdf

I swear, this oanfo people are criminals. So now that oil prices are rising they want to buyout minority shares and enjoy the bounty alone. After minority holders have suffered with them all through the period of huge loans and low oil prices. Chai. Thief na thief.
They have now used backyard to obtain a court judgment on behalf of the minority shareholders.

goody234:
ok thanks i dont know whats going to happen to our shares possible buyback at rubbish prices ..will sell if it goes up to a certain amount

Buy-out or you go private with them.
Courtville get enough "Oxygen" in CP's voice, but we sincerely hope they'll not be stingy with the exit price.

Everything na risk taking sha. It may end up paying off, who knows. Minority shareholders' fate now in MGMT's hands.

yMcy56:

No former offer or buyout price yet.
All these to be discussed in the forthcoming AGM in July 26.

Thanks

yMcy56:

Buy-out or you go private with them.
Courtville get enough "Oxygen" in CP's voice, but we sincerely hope they'll not be stingy with the exit price.

Everything na risk taking sha. It may end up paying off, who knows. Minority shareholders' fate now in MGMT's hands.

Thanks for the response i will sit it out and see what happens i know they are quite profitable as a business!!

locodemy:


Ellah lakes is an embrayoic stock that will be hatched someday.Everything about it is good only but timing.We sighted it at premature age.It will mature soon and take another step of life like okomu and presco.

It toped gainers table closing at #4

Mpeace:
I swear, this oanfo people are criminals. So now that oil prices are rising they want to buyout minority shares and enjoy the bounty alone. After minority holders have suffered with them all through the period of huge loans and low oil prices. Chai. Thief na thief.
They have now used backyard to obtain a court judgment on behalf of the minority shareholders.

What is the buyout price?

OBAGADAFFI:


What is the buyout price?

They have 30days to set that out. But my guess is that they already have everything planned out. I just copied some 50k units as a gamble. My body too dey like buyout things. I pray this one no go run my belle.

yMcy56:
OANDO
Outstanding results don land oo
https://doclib.ngxgroup.com/Financial_NewsDocs/36191_OANDO_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_2019_FINANC.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/36195_OANDO_PLC%20_QUARTER_1_%20_FINANCIAL_STATEMENT_FOR_2020_FI.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/36197_OANDO_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_FOR_2020_FI.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/36198_OANDO_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR_2020_FI.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/36199_OANDO_PLC%20_QUARTER_4_FINANCIAL_STATEMENT_FOR_2020_FINA.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/36200_OANDO_PLC%20OANDO_PLC_%20_2020_UAFS_CORPORATE_ACTIONS_JUNE.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/36201_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_JUNE_2022.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/36192_OANDO_PLC%20OANDO_PLC_%20_AFS_2019_CORPORATE_ACTIONS_JUNE_.pdf

Ocean and Oil That's the stock to BUY

OBAGADAFFI:


What is the buyout price?

no price yet. i guess that wld be determined at the EGM but as a guide, u can take the fact that Mangal was OFFICIALLY paid 6 naira per share for his stake by same OODP in resolving their logjam with him (i.e. Mangal)

robobo:


no price yet. i guess that wld be determined at the EGM but as a guide, u can take the fact that Mangal was OFFICIALLY paid 6 naira per share for his stake by same OODP in resolving their logjam with him (i.e. Mangal)

By then, Oil had not gone to 100+ Seplat was even selling below 500 then.
If mangal knew oil would get this high, he for no gree.

wanaj0:
Ocean and Oil That's the stock to BUY

Lol. Na to deal with caution now o. Only gamblers will try their luck here.
Compliment sir.

Mpeace:
By then, Oil had not gone to 100+ Seplat was even selling below 500 then.
If mangal knew oil would get this high, he for no gree.

i agree with you, however considering the antecedent of OODP (and its promoters) i doubt if anything substantially different from the Mangal price would be offered EXCEPT (which is a big except) some minority shareholders is ABLE to pour sand sand for their garri (and be a pain in the neck for them ( OODP (and its promoters))

Mpeace:
They have 30days to set that out. But my guess is that they already have everything planned out. I just copied some 50k units as a gamble. My body too dey like buyout things. I pray this one no go run my belle.

Everything sure look planned out. Since they mentioned "......and other information" or so, I knew they are planning something, but I'd thought they wanted to surprise with dividend, not knowing it's delisting.

Anyway, I think your gamble shouldn't exceed 5.50.........in case the exit price is N6....... especially with the loss recorded in released results so far.

yMcy56:


Everything sure look planned out. Since they mentioned "......and other information" or so, I knew they are planning something, but I'd thought they wanted to surprise with dividend, not knowing it's delisting.

Anyway, I think your gamble shouldn't exceed 5.50.........in case the exit price is N6....... especially with the loss recorded in released results so far.

the release of the negative result (all at once) is part of the scare tactics

And you can also be rest assured that the 14 minorities wld have received their own cut

Dear Sir/Madam,

Kindly be informed that due to a system glitch, WHT on your FBNH dividend 10 payment was not deducted. We seek your cooperation as NIBSS will be reversing the 10% WHT from your account.

Thank you for your Understanding.
MERISTEMREG

yMcy56:


Everything sure look planned out. Since they mentioned "......and other information" or so, I knew they are planning something, but I'd thought they wanted to surprise with dividend, not knowing it's delisting.

Anyway, I think your gamble shouldn't exceed 5.50.........in case the exit price is N6....... especially with the loss recorded in released results so far.

Although the price might cross 6 tomorrow

robobo:
the release of the negative result (all at once) is part of the scare tactics
And you can also be rest assured that the 14 minorities wld have received their own cut

What if OANDO eventually didn't delist??

The document says "If approved by all the minority shareholders at the court ordered meeting".

Looks like there's a game play going on here.....because OANDO was pinning the voluntary delisting on the petition by the minority shareholders, like they're not so keen on delisting.
This could be another strategy for safe landing of the bad results maybe, after that some minority shareholders will be against delisting. Whatever it is, we are watching the drama.

yMcy56:

Lol. Na to deal with caution now o. Only gamblers will try their luck here.
Compliment sir.

Oando and "Ocean and oil" are 2 very separate entities... One may be an empty shell while the other maybe a goldmine...

That's what oga Wanajo is saying...

robobo:


no price yet. i guess that wld be determined at the EGM but as a guide, u can take the fact that Mangal was OFFICIALLY paid 6 naira per share for his stake by same OODP in resolving their logjam with him (i.e. Mangal)

Thanks

Mpeace:
They have 30days to set that out. But my guess is that they already have everything planned out. I just copied some 50k units as a gamble. My body too dey like buyout things. I pray this one no go run my belle.

Fear Wale Tinubu, the buyout might be lower than the current price.

Oando and scam, are 5&6.

Meristem have not started well on FBNH dividend payout. I havent gotten mine, some people got yesterday, some early this morning, and others yet to get. They should have offered an explanation or apology by now for their inefficiency.

Mpeace:
Meristem have not started well on FBNH dividend payout. I havent gotten mine, some people got yesterday, some early this morning, and others yet to get. They should have offered an explanation or apology by now for their inefficiency.

Nobi small things,when you call them,they can not give a definite time they think your should be expecting your payment.they will be sitting on the fence.

Oando doing well today.
Mtn too(after the serious haircut)

I also expect transcorp to follow the oando/forte Oil route ie sell their most priced assets to themselves.

DrAwo:
Oando and "Ocean and oil" are 2 very separate entities... One may be an empty shell while the other maybe a goldmine...
That's what oga Wanajo is saying...

Lol. Thanks Doc for the explanation.
Sometimes to decode those ogas with few words no dey too gree person. I'd thought he meant the opposite.


Agba for instance, I go just read his post, grab anyone wey I fit grab and Waka pass.

Jumped out of Oando with my 30%.

Even though I dont hold oando anymore after taking a big loss (bought during the ConocoPhillips deal), I'm so angry seeing how this bastards want to steal from the minority shareholders after suffering this long, no dividends over years, fund trapped, stock value eroded, sale of downstream to pay heavy losses and more. Its unacceptable and pure fraud.

Mpeace:
I swear, this oanfo people are . So now that oil prices are rising they want to buyout minority shares and enjoy the bounty alone. After minority holders have suffered with them all through the period of huge loans and low oil prices. Chai. Thief na thief.
They have now used backyard to obtain a court judgment on behalf of the minority shareholders.

MTNN made U-turn (up) since yesterday......
So also FBNH and DANGCEM, thanks to more local concentration.

Las las, GTCO and ZEE go Waka alone if their enemies no gree free dem quick........ *modified*

OANDO, opened at day's high, 6.27 but sighted @circa 6 later......so far, it's fate is still hanging and anyone playing the game should be on top of it and apply caution.

Apparently, 14 minority shareholders petitioned the court asking that OANDO to buy the entire 43% shares of OANDO belonging to thousands of minority shareholders. How stupid could things really get?? And the so called court agreed. If at all the remaining thousands of shareholders agree to this forceful takeover, will they pay the highest share price that OANDO ever recorded??

Is Otedola buying again? FBNH on the move.

Seunn11:
Apparently, 14 minority shareholders petitioned the court asking that OANDO to buy the entire 43% shares of OANDO belonging to thousands of minority shareholders. How stupid could things really get?? And the so called court agreed. If at all the remaining thousands of shareholders agree to this forceful takeover, will they pay the highest share price that OANDO ever recorded??

Impunity. They feel, the ordinary minority won't do anything.

Seunn11:
Apparently, 14 minority shareholders petitioned the court asking that OANDO to buy the entire 43% shares of OANDO belonging to thousands of minority shareholders. How stupid could things really get?? And the so called court agreed. If at all the remaining thousands of shareholders agree to this forceful takeover, will they pay the highest share price that OANDO ever recorded??

They know Nigerians are docile set of people. Among the other Shareholders that are being shortchanged would be several lawyers. what stop one or two of them from also approaching a court to get an injunction against the DAYLIGHT ROBERRY they (OODP) intend to perpetrate. and in conjunction with the injunction write several petitions to all necessary state organs (NSE/SEC/NASS e.t.c). Even much more petitioning JSE (so the issue can become international cause most of the institution in country are compromised) because Oando is also listed on JSE.