₦airaland Forum

Hogwarthtrades:

Oando PLC has been chosen as the preferred bidder for the lease of the Guaracara refinery.

Acting Prime Minister Stuart Young, (also Minister of Energy) said the decision was largely based on Oando’s strong financial track record, particularly its $1.5 billion acquisition of ConocoPhillips’ assets in Nigeria.

hopefully. this doesn't end in tears IYKYK

Streetinvestor2:
Yes you are right for majority shareholders. I am interested how much they want to buy a unit of minority shareholders and if they are buying them too.
Do you know the exact amount and not assumed calculations here for minority shareholders which is not fact.We need a figure tired to single unit in naira and not based on dollars.

lexy2lexy:
Please what is the source of this information?

Streetinvestor2:
Thr is no such document yet.It is only a document stating the range they could buy the company. Then individuals stated doing different calculation.No document is showing if the buy out will be whole as per major/ minority holders or partial meaning only major holders. And the most important the amount for each unit.
All calculations has been probabilities

Streetinvestor2:
I don't know why the company does not want to release information on the deal since last Yr so that we know our stand on the deal.I was expecting news from the q3 meeting by now.
Is the deal happening or not.
At how much per share
Will the deal cover both minority shareholders or not.

We go soon reject the offer like PZ if they come up with rubbish offer with the rubbish they are doing

KarlTom:
NASCON should do better

robobo:
the purchase document shared when the news broke specifically has a condition that stated that value at negotiation (Dec 2023) would be maintained.

so how is value created after 2023 should be there concern.

i beg i no get strength, i never chop or you go buy lunch for me

like i said i don face front

ndept:
https://doclib.ngxgroup.com/Financial_NewsDocs/43181_CAVERTON_OFFSHORE_SUPPORT_GROUP_PLC-CAVERTON_PRESS_RELEASE__CORPORATE_ACTIONS_FEBRUARY_2025.pdf

Above lies the answer. The company entered into agreement with NNPC.....

yMcy56:
NASCON
Why the sudden leap in market?

Karltom any news to look forward to?

LIVESTOCK, Honeywell, PZ, OANDO on bid...

robobo:
How can new owners want to preserve the cash of a company that they are yet to own, which they negotiated at 2023 value and then because of that want to partake/ share in profit made in 2024 when they are yet to pay/take over?

it is only here that such happenssssss

i beg make i face front

Streetinvestor2:
It looks Morgan bid and offer table head don dey touch. Offer price showing lesser price than bid side

NSEstudent:
Oga Emma is the winner here.

And now Forex rate is going down, price of the actual buyout may also be affected negatively for investors.

I still have a few units left and will wait.

Xidget:
I read somewhere that they paid off $215million acquisition loan. (I don't have link) I guess that's what is getting itvsone attention.

Sunrisepebble:
Wapco has declared dividend o and it is not pleasant

GeeKudi:
AFRIPRUD! I knew something was brewing. Could just be another UCAP

Mpeace:
THE ELUMELU wey do this one for Afprud go do am for Transcorp

starpower:
[img][/img]sms 15kw lithium-ion phosphate battery 2.1m currently my 6.2kva hybrid 420k. Using got solar panels 550W 120k 6pcs. 1hp a.c is in eco mode just around 550W each. The electric cooker doesn't run for hours am only one a.c during the day but 2 at night. Been using since September. Got them myself. I use Tubular before just scrapped them. Lithium-ion really going to phase out acid lead batteries very soon. Energy density is far better and cycle life on high depth of discharge. Most times installer just over quotes boiler inverter sizes not needed for people.

starpower:
it lithium-ion battery really making thing cheaper if naira appreciate more people will understand. I use, electric cooker 1200W each head, microwave on mine and 1hp a.c 2pc but it 15kva battery lithium-ion phosphate truly with panels, inverter and installation. Funny it 3.8m i did all that like $2,500. I am outrightly off grid. People can cut coat according to their size.

chimex38:
You bet.
Even bot dey get offline maintainance period and software update ..
Not this one !!