Frangel:
Like Ardova, like Oando.

Ardova came up with a buyout offer of N17.38 prior to delisting. Some 'good' news came out and investors (abi speculators) rushed in and bought the shares even at over N20. Ardova went ahead to delist paying N17.88.

Oando wants to delist, offering N7.07. Some 'good' news has come out

yMcy56:
E Ku Market o.

Battle for the soul of OANDO the newest bride in town........

Currently trading @7.35 in market.......
Went as low as 6.80.........now @7.35.....

I hope shareholders can forced the management to pay higher exit price if the price goes much up than CP...... especially since the case is still in court.........that's if the company will eventually delist self.

Think we've talked about this here as well.
10 or 13 naira should be ok

** Caveat: Not to be taking as any form of advice**

yMcy56:

Think you made some valid points here.
Shareholders should reject the buyout price at the Court Ordered meeting, then case closed....

Either the company will be forced to up the buyout price or drop exit and continue to operate as listed company.

Let's be watching the drama sha.......

Frangel:
Like Ardova, like Oando.

Ardova came up with a buyout offer of N17.38 prior to delisting. Some 'good' news came out and investors (abi speculators) rushed in and bought the shares even at over N20. Ardova went ahead to delist paying N17.88.

Oando wants to delist, offering N7.07. Some 'good' news has come out

Adinije:
What is the implications of having 2 CSCS account please?

Redoil:

how much the they sell the last public offer

ojesymsym:
Wow... So just buying small shares like that can have a lot of impact in future o.

Even though some of those companies may have actually died the ones that survived were more than enough to make up for those ones..

mikeapollo:


The scenarios are different!

In the case of OANDO, the majority of shareholders will decide at an AGM. Recall that the Management of OANDO did not initiate the buyout process; the buyout was triggered/initiated by some aggrieved shareholders who lost patience due to the protracted issues/battles of OANDO and SEC which affected the share price.
So the Management only obeyed the Court's order to make an offer in response to the buyout option that was instigated by the aggrieved shareholders, but subject to the approval/acceptance of majority of all the shareholders (rather than the majority shareholder).
It is certain that the majority of shareholders will reject the buyout offer at the AGM (most of the deals on the NSE are by informed investors most of whom know the implications).
I will be at the AGM to add my voice to the rejection of the buyout offer!

Look out for OANDO selling at around N150-200 by next year, after the court case!

Frangel:


You think those few shareholders did that on their own?

It's okay with your projections. Time clears everything. I might be wrong.

PS: What you quoted was incomplete. I posted in error.

Zagee:
Oil prices all the way up!!!

Zagee:
Oil prices all the way up!!!

yMcy56:

Let's hope your brother Loco haven't rushed out again without seeing what's pursuing him yet......

Frangel:


I don't remember. But AP/FO last offer/rights was over N200, yet buyout was at N17.88. 😁

emmanuelewumi:



A wise man said, making money is activity based, it requires energy and efforts. That is where 90% of us belong to, that is the making money stage.


Managing money, keeping it and sustaining the money, is behavioural and psychogical



Multiplying money and growing it, is intellectual and also requires wisdom.


No wonder Warren Buffett is a very wise man .

edwardaigb:
Please any information on Omatek ventures plc? its been doing 10% daily lately.

4tunebest:
I had to log in after my long sabbatical to express my appreciation to you sir for sharing your wealth of experience with us on the Tbills platform (in the past) and on this thread.

I had always been skeptical about the stock market due to its volatility but decided to hold on because I felt if pa Emma is ruggedly into this thing, then it means I can be successful in it if I follow his tips/mindset bumper to bumper, and that was what I did. The rest they say, is history.

Because of your guidance here, even when I was new to investing, I have never made mistakes that will cost me money due to my inexperience. This is because When people present so called investment opportunities to me, I mentally ask myself if pa Emma will invest in something like this and once my answer is 'no', then bye bye to you and your investment opportunity. I'll rather learn from others ' experiences than to learn the hard way.

You kept talking about Dangsugar here recently which made me key in massively at 27 naira. The rest, again, is history .

Ese gan ni sir. I can't thank you enough.

Please continue to share your wealth of experience and guidance here. It is the lifeline some of us are holding on to

megawealth01:


It's just gamble I think

mikeapollo:


I understand your arguments and line of thinking. It makes some sense to be cautious and not over optimistic
But I am a shareholder and did not authorize or ask those investors to seek for a compulsory buyout on my behalf.
Buyouts should be voluntary. That is why the Court ordered that the shareholders must sanction it at the AGM.
I guess the Court was willing to give more time (about 6 months from March when the case was last heard) to see if things could turn around so that the buyout could die naturally, and that seems to have happened now.
The buyout offer price of N7.07 would have made sense and succeeded about 3 months ago when the share price was around N5.00.
But with the current trend and the ENI acquisition, the buyout offer will die naturally!. No shareholder would accept a buyout for him to make losses. If the OANDO Management offers a higher buyout price and raise it to something reasonable, shareholders may then accept it, and the company can delist
I bought a lot of OANDO when the price was around N5, so I have nothing to lose if I received the offer price of N7.07 (but I will reject the offer at the AGM because I need to make more money from future price appreciation, and most shareholders have similar sentiments)

Frangel:
Like Ardova, like Oando.

Ardova came up with a buyout offer of N17.38 prior to delisting. Some 'good' news came out and investors (abi speculators) rushed in and bought the shares even at over N20. Ardova went ahead to delist paying N17.88.

Oando wants to delist, offering N7.07. Some 'good' news has come out and investors (abi speculators) are bidding and projecting the price to hit N100 and above. Na wa!

Oando has a negative book value per share of about N10 as at Q4 2021 (unaudited). So the N7.07 is a generous offer by the majority shareholders for a company worth less than zero and the last Audited accounts states reservations as a going concern. Oando will get easy approval for N7.07 or thereabouts.

The litigation was instituted by some minority holders 'begging' to be bought out and it was upheld. The adjournment is to brief the court on progress made.

They could well sell some warehoused shares at over N8, push through the delisting and buy out at N7.07 or something close. They make money on speculators that didn't exit on time.

For the risk-taker, why not speculate on DanFood or other stocks that have not indicated clear exit prices?

Caveat emptor.

mikeapollo:


It is free market, but there is no need to tell lies or put a spin on matter of general public knowledge!

The Court has ordered that an AGM be held for all the shareholders to decide whether to accept or reject the offer.!
When did the AGM hold and the offer was upheld? Quote the date and venue if you know for sure!

emmanuelewumi:

A wise man said, making money is activity based, it requires energy and efforts. That is where 90% of us belong to, that is the making money stage.
Managing money, keeping it and sustaining the money, is behavioural and psychogical
Multiplying money and growing it, is intellectual and also requires wisdom.
No wonder Warren Buffett is a very wise man .

4tunebest:
I had to log in after my long sabbatical to express my appreciation to you sir for sharing your wealth of experience with us on the Tbills platform (in the past) and on this thread.

I had always been skeptical about the stock market due to its volatility but decided to hold on because I felt if pa Emma is ruggedly into this thing, then it means I can be successful in it if I follow his tips/mindset bumper to bumper, and that was what I did. The rest they say, is history.

Because of your guidance here, even when I was new to investing, I have never made mistakes that will cost me money due to my inexperience. This is because When people present so called investment opportunities to me, I mentally ask myself if pa Emma will invest in something like this and once my answer is 'no', then bye bye to you and your investment opportunity. I'll rather learn from others ' experiences than to learn the hard way.

You kept talking about Dangsugar here recently which made me key in massively at 27 naira. The rest, again, is history .

Ese gan ni sir. I can't thank you enough.

Please continue to share your wealth of experience and guidance here. It is the lifeline some of us are holding on to

Adinije:
What is the implications of having 2 CSCS account please?

Meerahbel:
True, i must confess, i have learnt a lot as a guest and now a member of this great thread, however, i got 5k dividend at a time i was dead broke, then i understand the importance of investing in stocks.

ebuka1997:
Asiwaju is here to stay, Oando looks like the place to be