₦airaland Forum

olaremint:
I think the stock exchange should make a rule that the percentage charged should be based on profit or loss and not on the capital invested

Lol! Have you forgotten that there are various stakeholders in the market who rely on the fees for their operations e.g. brokers, NGX etc ? They ill not survive if fees are based on gains alone.
Some components of the fee are statutory and fixed, others vary and depend on the broker. Check for the acceptable variable fees and register with them.

olaremint:
imagine gaining just 300k on a stock and you want to sell and their charges is more than 300k.

It depends. The brokerage fee is based on the total sales value of what you want to sell, and not what you have gained. That is why you have to consider the gains, the value of the shares and fees payable before you decide on selling or holding.

For instance, if your shares/portfolio is worth N70m and your gain is only N1m, the fee will be based on the N70m that you want to sell (or a portion thereof), which may produce a figure higher than the gain of N1m.

That is why some people wait for the share price to go higher before they sell so that their profit will be higher than the fees, or you sell and incur the cost/loss like that.

BabsO2:
From the picture attachment by Bagwa, converting $300m into shares is also on the table.

It is clearly stated that the price to be used will be determined through book building and other means.

It can be safely assumed only 10 billion new shares will be issued even if $300m of debt is converted into shares along with a fresh N500 billion being raised. This could imply a price of N100 possible if supported by the book building or other valuation method used. Think N50 is damn too low for use. It won’t be the smartest thing to do. Look at UBA they know the market is depressed or fearful in valuations and won’t do rights on just any low price

I think N50 is damn low

Another clever, plausible perspective

Mpeace:
They are also converting $300million debt to equity. That's another 10billion shares.

Well, you may have a point and it seems so on the surface. But if you consider the fact that the 10billion shares has been mentioned as the specific or total number of shares to be created/allotted (unless over/under subscribed), then it means that the shares will be used to settle the $300m debt.
The Share capital will increase/rise by N500b and Loans will decrease by $300m (approximately N500b). They only need to sign Debt-Equity Conversion Agreement with the creditors and file at SEC/CAC/Court but there would be no payment or receipt of cash.

The real fresh injection of funds will come from the $1.5billion to be raised by bonds, and various instruments etc

I may be wrong though, just my own assumptions

BabsO2:
Has the price for the capital raise or debt conversion been determined and stated or you are just making assumptions that N50 per share will be used?

They want to raise N500b through the issuance of 10billion shares. My calculation gives me N50 per share, unless I am mistaken.

olaremint:
Please can anyone recommend a good stock broking house apart from cardinal stone, their charges wants to send me to the village

You may have to do some checks and visit/speak to some of them to see if they can offer you what you want.
Visit the link below for the list of licensed stock brokers
https://ngxgroup.com/exchange/trade/becoming-an-investor/find-a-broker/

Yemy3m:
.now oando fly to new era

The share price may hardly move significantly above N50 until after the raising of new capital.
Unfortunately the 10biilion new shares may not be by public offer.

pluto09:
This is what Emma has been saying all along.
OandO needs new capital injection if they must survive.

Most people here knew that Oando needed/needs to raise capital to be able to generate better returns and value to shareholders.
Some of us were/are optimistic that the company would rectify some of its liquidity problems and improve going forward, because no business owner would deliberately fold his arms and watch a big business fold up.
But some people were stuck with their experience in the past and completely wrote off Oando, claiming it would not survive because the auditors wrote a damning qualified opinion on the going concern prospects of the company.
We kept repeating that no company in the upstream sector has ever collapsed due to insolvency and that Oando has reserves that can generate net cashflow in excess of $11b.

Meanwhile, I am suspecting the 10billion new shares (N500bn) will be used to settle the $300m RBL facility.

Bagwa:
Summary of Oando PLC’s 46th Annual General Meeting Notice (August 11, 2025):

Date & Format:

Scheduled for Monday, August 11, 2025, at 10:00 am.

To be held virtually via https://www.oandoplc.com/meetings.

Ordinary Business:
Presentation of 2024 audited financial statements and related reports.

Re-appointment of BDO Professional Services as external auditors for 2026.

Re-election of three directors:

Mrs. Nana Fatima Mede, OON

Mrs. Ronke Sokefun

Dr. Ainojie Irune

Election of new directors:

Mr. Cosmas Iwueze (from December 16, 2024)

Ms. Ayotola Jagun (from May 20, 2025)

Election of members to the Statutory Audit Committee.

Disclosure of management remuneration.

Special Business:
Directors’ Remuneration:

Approval of Non-Executive Directors’ pay.

Related Party Transactions Mandate:

Authorization for the company to transact with related parties under standard commercial terms.

Capital Raise and Restructuring:

Authorization to raise up to ₦500 billion (or foreign equivalent) via shares, debt, or other instruments.

Conversion of up to US$300 million RBL debt into equity.

Establishment of a US$1.5 billion multi-instrument issuance programme.

Acceptance of oversubscription funds.

Board empowered to execute necessary agreements for the above.

Share Capital Adjustment:

Approval to increase share capital as required for fundraising.

Authorization to cancel unallotted shares if necessary.

Company Constitution Amendment:

Update Memorandum and Articles of Association to reflect new issued share capital post-capital raise.

Administrative Notes:
Accreditation starts August 8, 2025.

Shareholders can appoint proxies (except related parties, who must abstain from voting on related resolutions).

Closure of members' register: July 28–30, 2025.

Audit Committee nominations must be submitted at least 21 days before the AGM.

Shareholders can submit questions in advance.

2024 Annual Report is available online.

Information on unclaimed dividends and director profiles available via company’s website.

So they deliberately manipulated Oando share price to N50.25 (as at Friday 18-Jul-2025) so they could use N50 per share in the notice of AGM for the raising of N500bn additional capital.

OoDeeA:
If wale releases his bonus shares, what will likely be the effect in the market?

The possible effect would depend on how/when he releases the shares.
There could be a jump in price if the bonus shares are released at a time that coincides with an overriding positive news in the market (e.g. very good financial results, acquisition of new oil blocks, special dividend, etc.).
The opposite could be the case if there is no positive news to sustain the price, so the law of demand and supply would set in and drag the price down.

Raider76:
Imho it has become clear to Oando that that TT refinery is not going to happen. I think they also see that TT politics and society are just as complicated as the Nigerian scene. So they want to take the bull by the horns and go for the Nigerian refineries. After all, Oando has owned and operated Nigerian onshore upstream assets for years now. They have mastered the terrain and know how to survive in that environment. That is why in the last month or so, many stakeholder groups were mobilized to call for the sale of the Nigerian refineries. This included the NNPC leadership itself finally saying that they have a review committee working that will report before December and that the sale of the refineries could be an option.

This is just my synthesis of what I observed happening on the issue.

To me, the Nigerian refineries would be poison to Oando. They will incur losses upon losses in order to reactivate and resuscitate the refineries. And they cannot even compete with Dangote refinery which is brand new, more efficient and already dominating the entire value chain .

agentNija:
Awolowo is a legend, just like Peter Obi. Both are legends.

Comparing and measuring Obafemi Awolowo with Peter Obi can only be influenced by total ignorance, drunkenness or dementia.
Awolowo brought the first television station to Nigeria and Africa. He also brought free education to Western Nigeria and so many mid-westerners (Delta-Edo) and easterners living in the Western region benefitted free of charge.

megawealth01:
Make una help me drag Oando down well well till I've loaded up all I sold week of JULY

Me I no know how to drag any stocks down oooo. I think it is market makers that can do that
For me, it is just to see good stocks and buy for either capital appreciation and/or steady dividends in future

KarlTom:
OandO x Guaracara

https://newsday.co.tt/2025/07/11/refinery-committee-formed-to-report-in-four-months/

https://trinidadexpress.com/business/local/a-true-servant-of-the-people/article_b8316c9b-6537-4626-b995-3c3166805972.html

Thanks for the update.
Why 4 long months? 2 months would have been perfect.
Oando should not rest ooo; they need to start mobilizing for lobbying now. Maybe a very good financial results for Q2 2025 would help strengthen their case.

megawealth01:
Same here. I will start blocking severally of their many monikers. I read quality so I don't have time for unschooled boiz

My Oga,
Please be calm as you have always been and don't stop your stocks recommendations/picks or alerts.

ndept:
The guy can never change. That was the way he made some people to miss out on Oando largesse, just to come to the same platform and start defending same Oando months later after he has bought large quantity. I believe he has made some people to also miss out on Ellah rally too. We are not saying you cannot criticize any stock, but do it with some sense of decency and maturity. Emmanuelewumi is a good example to follow when it comes to constructive criticisms.

For God's sake, I cannot understand why a calm, gentle, easy-going, ever-friendly, professional minded person, an ''angel'' like Megawealth01 should be dragged in this forum, for any reason.
Incidentally, he has been giving a lot of good stocks picks recently and this is when this kind of unnecessary squabbles is happening.
The fact that you read an article or write up first posted by a moniker on this platform does not necessarily mean that such moniker is the original owner of such article. Sometimes impostors are faster than the genuine owners.
We are here to seek ideas and knowledge from each other to help us make money. Constructive criticisms of stocks is welcome. Let us know the limits of how we react to each other's opinions as no opinion is binding on anyone to listen to or accept but let us do it in a civil manner. No name calling, no vulgar or derogatory language on persons.
Megawealth01 is an asset in this forum, like many others too.

KarlTom:
Let me burst your bubble on DEAPCAP

1. They have a debt of ₦2.525 billion (non-bank creditors) which will be converted to equity at ₦1.69.
2. They have another debt of about ₦1.58 billion resulting from AMCON bailing them out of bad loans (this has not been mentioned so far).
3. The deferred income has been received in advance so it increases their liability (until the goods/service is rendered).

Every mallam to his kettle...

How would you burst my bubble when the items you listed are steps being taken to improve the fortunes and balance sheet of the company?
If you (as MD) had a deferred/unearned income of N1.5b, you would do everything to move it from liability to earned income by expediting delivery of the required goods/services. The obligation to perform is usually within a year so th valu will gradually transit from liability to sales in the coming months.

SonofElElyonRet:

Leading the pack is a very well decorated street fighter cum investor ably assisted by a "just joking" gentleman who really means every word

Seems you are turning into a "psychologist" by association!

megawealth01:
I really don't like stressing issues on a stock. DEAP CAPITAL APPRECIATION time will come and it should drive it to $5. I believe those buying already bought with PATIENT FUNDS

DYOR

Thank, man.
Was just trying to provide little context on the potential prospects.

Watianoengineer:
Buhari toppled shagari's government if I may recall. Fulani's hardly forgive grievances. Whatever reason buhari had to sack shagari's government was still fresh in Buhari's mind. Kudos to president Tinubu for leading the state burial from the front. He's leadership has soften the heart of some northerners and may win him more votes from Buhari's cult followers in 2027

Don't vote for serial decampees like Obi and Atiku. Asiwaju till 2031

I will vote against anyone who has increased hardship in the country and made life more difficult for me as a citizen of Nigeria.!
Anyone who does not fall into above category should not worry.

SonofElElyonRet:
I entered 5:78. E don nearly touch my entry point
Na Deap shock me. Entered Monday and E don do full red yesterday and today.. I bought the rumour.. we go wait for news
Caverton still has a bright future though... Just a matter of time. Great things in the works

You may go check the deferred income in Deap Capital, a potential income in 2025

crownprince2017:
Someone will soon come and say you copy am somewhere and must reference the writer as if na thesis we they write for here..

It amazes that even a man that buy aba spare parts and sell as original is turning himself to a plagiarism police.
Nawa ooo.

You no go kee person for here ooo!
Cryptic!

Softmirror:
When the came up with all those Oando , Malta and blablabla trash.

These money bags are always praising every sitting president.
Even Abacha was being praised until the day he died.

jmoore:
Built under the government of Donald Duke of Cross Rivers state. Obudu cattle ranch is currently abandoned as facility rots.


https://www.facebook.com/tayoainafilms/videos/1244329457706528/?app=fbl

I always say it: mediocrity and incompetence is the bane of Nigeria. t

jonnysessy:
I am lurking in the corner with all this your recommendations that must be achieved with patient funds.

Some background checks on his previous recommendations and others may give you a clearer picture or perspective

SonofElElyonRet:
You mean minimum?
Note that he said N10 for long term which December ain't

See Queen's and Yankee English blended beautifully!
I regret running away from school and going after grasscutter and bush meat with Kamoru at Ayetoro.
Me too for dey speak better fine English by now!

KarlTom:
Just stating my estimate...

Okay, still good enough

megawealth01:
I no need support oooooo

I mean to ask if he is in support of your opinion or view on Deap Capital or not.
I know everyone here is on his/her own

SonofElElyonRet:
No be so. Sold some stuff and looking for where to put it.. my broker don buy for me. Na to drink the water of patience now

Still big men balling!
Don't you know it is big men that ''drink water'' patiently the way you have done?

KarlTom:
Max ₦3.50 by December

Are you supporting Mega on Deap Capital or against?

SonofElElyonRet:
I don order 500k units with patient funds.. not looking like it's gonna be buyable today though

Big men doings!