₦airaland Forum

Bagwa:
Issuing more shares dilutes value

GeeKudi:
They are not new shares but existing shares of the company.

Are they going to crash price so that they can be able to buy back the shares? It doesn't seem practicable at all.

GeeKudi:
They are not new shares but existing shares of the company.

Are they going to crash price so that they can be able to buy back the shares? It doesn't seem practicable at all.

megawealth01:
https://africaoilgasreport.com/2025/01/farm-in-farm-out/oando-wins-the-angolan-bid-round-for-kwanza-basin-block-kon-13/

Oando Wins the Angolan Bid Round for Kwanza Basin Block KON 13

Bagwa:
Buy oando if you don't have 😃

GeeKudi:
I hope it is not fake news. It is nowhwere on OANDO's website and no other media house has repoted it except this particular one.

SonofElElyonRet:
You know better than to post such advice without including if it's financial advice or not... come on!

Bagwa:
Oando may pay cash equivalent to share to disturbe 😁

KarlTom:
Like I stated earlier, I am dropping fact without sentiments. (I am heavy in OandO so don't see my take as trying to put down OJT or OandO).

This is LSE announcement of Serinus Energy (SENX) in January 2024.

https://www.londonstockexchange.com/news-article/SENX/participation-in-onshore-angola-licence-round/16299502

Note the original dates

Sunrisepebble:
May God truly help Wale.
Why is this a better idea than the Share distribution, why are they walking back on it

mikeapollo:
The problem may be from some ignorant shareholders who made the request at the last Oando AGM. Whether they were influenced by Wale or not, I cannot say.
But I don't think Oando would go for cash distribution. Because that option would imply $325m at N1500 (minimum), to be spread over 4.3billion shares, which would place a value of at least N110 per share on each share (if I am not mistaken)

KarlTom:
Okay o 👌

Raider76:
Add the amount of wrangling, distraction and cost that the cash option will entail. But if they can pay it will give them even more control of the company.

cocolacec:
SCOA moving up.

KarlTom:

Harvestock01:
Oando going ahead to cancel the entire shares that was pledge for the loan would have been a more straightforward solution rather than all the needless controversy that have been generated.

Obtaining shareholders approval at an AGM or EGM and thereafter obtaining SEC approval before going ahead to actually cancel the shares. This will have a more positive impact on the shareholders as the share price will firm up and the financial ratios will also improve.

Anyway, let's enjoy the show by the evil genius.

GeeKudi:
I hope it is not fake news. It is nowhwere on OANDO's website and no other media house has repoted it except this particular one.

Harvestock01:
Oando going ahead to cancel the entire shares that was pledge for the loan would have been a more straightforward solution rather than all the needless controversy that have been generated.

Obtaining shareholders approval at an AGM or EGM and thereafter obtaining SEC approval before going ahead to actually cancel the shares. This will have a more positive impact on the shareholders as the share price will firm up and the financial ratios will also improve.

Anyway, let's enjoy the show by the evil genius.

KarlTom:
Bagwa don show. 😎

Remain Utuocha... 🤭

GeeKudi:
Stalking? To what end?

KarlTom:
I find it hilarious that you even think in that line...