₦airaland Forum

ositadima1:
Total shares were about 12 billion. Following agreements with a major shareholder, roughly 4 billion shares were returned to the company, likely in exchange for outstanding debt owed to Oando at the group level. My understanding is that the arrangement involved surrendering an equivalent equity stake to settle debts that were already considered impaired.

Under this structure, those shares are being redistributed to minority shareholders in stages, effectively converting the debt into equity. Until all of these shares are fully reissued, EPS is calculated based on the active shares in circulation, not the total issued share capital.

Does this make sense? It’s giving me a headache too. lol

mikeapollo:
Yes, the company paid off the equity of some shareholders (who took the company to court) and retrieved the shares from them

mikeapollo:
But the repurchased shares are still meant to be redistributed to shareholders so it should not reduce the outstanding shares (technically speaking), unless they want to give out cash instead of shares or they are deliberating delaying the redistribution to make the EPS look better
Infact 1.2b of the 4.18b shares have been redistributed already so it cannot be 8billion shares

ositadima1:
Remember the agreement between Oando and Ocean and Oil Development Partners (OODP). As part of that arrangement, OODP returned roughly 4 billion shares in exchange for outstanding debt. Those shares are now being re-circulated to minority shareholders in tranches. As a result, based on the number of shares that have so far been redistributed, only about 8 billion shares are currently active, while the remainder are held as treasury shares and therefore excluded from the EPS calculation until they are subsequently reissued.

Regarding production, output appears to be in the range of 30,000–40,000 barrels of oil equivalent per day (boe/d) based on publicly available information.

emmanuelewumi:
I will write about the negative vibes others can write about the positive vibes of Oando


Shareholders fund is negative N553 billion

Debt is N3 Trillion

Finance cost is N59 billion

Working Capital is negative N3.2 Trillion

Net operating cash flow is negative N147 billion

Free Cash Flow is negative N259 billion.

Ibrahim505:
Same with me. I sent the widrawal request after 12pm. It's not a red flag- they seldom honour transactions after 12pm.

emmanuelewumi:
And about N2 billion from the export of agricultural products

emmanuelewumi:
The beauty of the stock is that CAPEX is very low and yet earning increased by 50% and earning conversion to cash of 94%.


Free Cash Flow at about N17 billion and Profit after Tax at about N18 billion

chimex38:
Cash more than Revenue?

nosa2:
My ultimate signal to flee to cash is when my mother calls me and asks how she can invest.

So for me this is how it works, markets start to do well; then my siblings hear about it through their friends etc. They then call me and ask how can they invest and what should they buy. I give them something, they make some money , and then they tell my mother. The minute my mother calls me and asks how she can be involved, I RUN AWAY.

This has worked with crypto and the stock market.

Right now I am looking at the market. When the madness starts I stop looking at the market and I start looking at market participants. The madness has not started oh. Those who were around in 2008 will testify as to how crazy things get. People were bribing to be involved in private placements. Something tells me we will get there with this boom cycle. It may not be soon but we are going there.

Do you remember that there was a time people were buying crypto accounts?

Markets do get crazy

222Martins:
ZICHIS on full-bid at 4.19 ...

Agbalowomeri:
He changed his moniker from INTENDIN

awesomeJ:
OKOMUOIL: over 70% drop in Q4 earnings yoy.

Would have been steeper if their oil palm cost of sales were actual cost rather than earnings.

Reading AIRTEL's results is merely for mental exercise, the stock is as good as delisted on the NGX.

emmanuelewumi:
It doesn't include their debt and cash positions

SonofElElyonRet:
When's the deadline for Ellah to announce results of their PO?