₦airaland Forum

megawealth01:

mikeapollo:
How can that be done?
Distribute ones and monetize which rest?

Raider76:
I believe you don't own any Oando shares. Because I don't think any minority shareholders who know the potential capital gain in Oando shares in the next year or two will ask for cash, or any other option, at this time.

Streetinvestor2:
Based on what naija management can do.They should give me my own let me decide the best way to use it.
Can you say whr the money gotten from selling the fuel stations went .Abeg no loud this option oh

Bagwa:
You will soon hear from Wale ASAP

Huge is coming Feb , June 😃

emmanuelewumi:
Na wa oooo, I am yet to see mine

eddyakinrinde:
Please when did they credit your Zenith shares

PuristForest:
If our TA does not work, how have we been recording over 200% in most of the assets that we document, check our twitter handle and get the gist, i held myself from making this post about the market cos i always know that folks will generally not receive it well but i had to say it so that people be cautious and maybe perform better due diligence before jumping into buying...Even in the red years, there will always be winners. Our TA is strictly based on principles of Elliot wave theory and it works for the most part becuasae market moveements are driven by human psychology and moves in cycles of optimism and pessimism whcih are reflected indistict wave patterns. you dont have to believe but there are rules in everything in life including the market. One of many pointers i can give you towards a bearish market in Q2 is the ASI itself, we will be hitting a market top in april at about 108k after a 5 wave impulse, when that happens, then our next support will be 100k and that will take us to about october, that 6% decline will not come easy i can tell you for free..do the maths.

chimex38:
But they go around marketing convincing the Public to invest?

Bombarding emails to customers to purchase Right Issue and public offers?

Holding webiners, whatsapp sections, public enlightenment, etc

Spending heavily in terms of time analysising companies result as they come every quarter, Being abrest of daily happenings in the political scene and world economics to stay informed as frontliners, just to dish out up-to-date research and point out recommendation to the public on weekly basis.

All these doesn't mean anything to them personally?
Because they don't personally spend money abi?

In my opinion again, It's not massively possible?
Probably, very very few of them don't.

megawealth01:
I prefer my Access to Oando ooooo

OakPearl:
My brother, the executive recklessness is so sickening with these people.
I struggle to see such justification no matter how much explanation I have read about it.
I was so impressed when I read about Otedola’s reaction to that of FBN. And he is a billionaire oh.
I mean, you can still have a very good party without those wastages.

mikeapollo:
So workers need Davido, Wizkid and Burna Boy to keep their spirits high? Incredible So other companies that did not invite these artistes, are you saying that their workers spirits are low or demoralized?

mikeapollo:
Xmas party can be held in a modest way just like other companies. They don't even need to invite any artiste to have Xmas party.
What is the essence of inviting and paying huge sums to 3 artistes when your shareholders are struggling and the company is hugely debt ridden? How many companies did you see or hear that they paid 3 expensive artistes for Xmas party? Will you do thst if your own company is strugling to survive?
Stakeholders like banks and creditors are also there.
We just read a few days ago how Otedola reacted when FBN held a lavish party for a retiring director.

essentialone1:


at how much?

mikeapollo:
Not just bad; it is very unethical, unprofessional, insensitive, and stupid (pardon my English).
That is why they made sure the AGM was held before the nonsense party in order to avoid criticisms at the AGM. But they must be called out at the next AGM

mikeapollo:
You made good points
But in that case, then there should be a publication saying that the debtor has changed his mind and now willing to pay cash instead.
What we were told in clear language is that management directors have reached and approved a firm agreement with the debtor to settle the debts with its shares. Any cash elementz complicate matterz because there was no specific value placed and agreed for each share at the AGM.

HesInMe:
Basic accounting should suggest that the repayment of a debt that is already on the books should have no impact on shareholders' equity -- unless there are gains (or reversal of write-offs) arising from the repayment. That's unlikely, since the debtor in this case, Whitmore Asset Management, is owned by Tinubu and Co. That's how riddled with ethical issues this "deal" is.

mikeapollo:
If is it true that shareholders actually expressed preference for cash payment, then it shows how shareholders could sometimes undermine their own interest.
What was the value or price that was agreed or placed on each share?
So what happens if Oando management adopts a particular value per share to pay cash to the shareholders and then the share price on the NGX jumps higher the following day or week?

designking:
I like this sound of this. ₦100 is enough for me.

Sunrisepebble:
Check SPDC’s website also. They own AFAM VI

Sunrisepebble:
@babsO2. What Transcorp acquired was the FGs plants and the fast power plant

Sunrisepebble:
Was about to say this. Aradel that is being used as comparison already has a working refinery. Now they are adding 135kbpd of oil production and 350,000 mmscf of annual gas production (about another 150kboepd from my calculation ) with this acquisition. In addition they also have a power plant now, Afam VI (650MW capacity) that is connected to the grid already … The 5% stake in Chappal is also huge when they eventually IPO

Its night and day
I also haven't mentioned our potential London listing but wanted to leave out assumptions

mikeapollo:
Wale has also tried by ensuring that Oando is now compliant and up-to-date as regards NGX/SEC requirements for filing of quarterly results. Hopefully, we should have the unaudited accounts for Q4 2024 by Mar/Apr 2025 and the audited version by Jun 2025.

KarlTom:
In recent times, most of the news from/about OandO are not easily understood...

megawealth01:
My joy in this whole thing is that Wale said that he isn't delisting Oando...

In the days ahead Mr Time will do the needful?

WALE should go and sin no more?

mikeapollo:
Please can anyone verify this for me:

I did some rough estimates of the possible ratio for the bonus redistribution by Oando, based on the numbers provided above i.e. current 42% common shareholders to increase to about 65% after the exercise.

It seems the bonus could be in the ratio 1:2 (i.e. 1 new share for every two shares previously held).

Please the finance and mathematics gurus should help confirm

ositadima1:
Approximately one year from yesterday (2023-12-1 to 2024-12-15). You can see this in the code as the last 250 days.

ositadima1:
Oando was below 70 for quite a while, yet some people with their "tachere" thinking thought they were smarter than the big boys, who invested over 40 billion Naira at levels above that. If you had bought at 62, you would have outperformed those 50 billion Naira investments this year alone. Do you think the moneybags threw in that much money without analyzing the upside? Do you really think your "tachere" mindset and limited exposure can beat the billions? You’re deluded.

The same goes for Aradel. Billions have been invested at levels above the current price. Forget wretched analysis and follow the money (Billions).

Omooloriredade:
I struggle to see how Wale will fail to turn Oando at this juncture. He has the wind at his back.

Omooloriredade:
#BetOnOando
Specially for you.

https://www.cnbcafrica.com/media/6364224464112/oanda-ceo-on-building-energy-infrastructure-in-africa-/

Choiceguy:
@ Babs02 kindly share the site where you downloaded mkt activity history of Oando. Also Toyeoye it will be nice to have this type of search platform.