₦airaland Forum

OandO Share Redistribution

Tranche 1 Commencement Date: 30th January 2025
Tranche 1 QD: February 14, 2025.
Tranche 1 ratio: 1 for 12 (One (1) new ordinary share of 50 kobo each for every twelve (12) existing ordinary shares of 50 kobo each

Tranche 2 QD: June 30, 2025
Tranche 2 ratio: N/A

Duration (Phase 1): 36 months (ends 29 January, 2028)

OANDO

OANDO
Board resolution on share distribution.....

* Total returned shares: 4,279,042,282bn (1/3rd of total OS)

** For 2025: 1,283,712,602bn will be distributed in 2 tranches
* Tranche 1: 642,856,301M
* Tranche 2: :642,856,300M

Tranche 1 distribution: 1 new for every 12 held

Tranche 1 Qualification Date: 14th Feb, 2025

Tranche 2 qualification Date: 30th June 2025
Ratio: another 1:12

I think we have to give it to OANDO this time around.......dem try.

https://doclib.ngxgroup.com/Financial_NewsDocs/43106_OANDO_PLC-OANDO_PRESS_RELEASE__CORPORATE_ACTIONS_FEBRUARY_2025.pdf

Bagwa:
You will soon hear from Wale ASAP

Huge is coming Feb , June 😃

Nostradamus-like prediction

I give it to OJT

He is a very wise man...

KarlTom:
I give it to OJT

He is a very wise man...

I think he deserves accolade here.

1/3 of total OS to be distributed to shareholders.

You'll still see this OANDO haters won't still see anything good there....
Just wait till they'll come and move it up..😁

yMcy56:
OANDO
Board resolution on share distribution.....

* Total returned shares: 4,279,042,282bn (1/3rd of total OS)

** For 2025: 1,283,712,602bn will be distributed in 2 tranches
* Tranche 1: 642,856,301M
* Tranche 2: :642,856,300M

Tranche 1 distribution: 1 new for every 12 held

Tranche 1 Qualification Date: 14th Feb, 2025

Tranche 2 qualification Date: 30th June 2025

I think we have to give it to OANDO this time around.......dem try.

https://doclib.ngxgroup.com/Financial_NewsDocs/43106_OANDO_PLC-OANDO_PRESS_RELEASE__CORPORATE_ACTIONS_FEBRUARY_2025.pdf

Dem try sha. This is the new form of dividend. A JIJO-ending development for now, I think.
Their share price should be relatively stable in the short to medium-term

I dont really see much in the news tbh
The distribution ratio is not that attractive to me. Unless they're changing it in the second tranche

Youngzedd:
Qualification Date

The first phase distribution will apply to shareholders on the Company’s register of
members at the close of business on February 14, 2025 for tranche 1 and June 30,
2025 for tranche 2.
The distribution for tranche 1 shall be applied on the basis of one (1) new ordinary share
of 50 kobo each for every twelve (12) existing ordinary shares of 50 kobo each held by
members as at the tranche 1 Qualification Date.
All shares that are caused to be distributed pursuant to the said AGM resolution shall
be distributed within a period of 36 months commencing 30th January 2025.

essentialone:
These 4 Companies, though Suspended, are supposed to be showing on stock bubbles. Please resolve it:

1) African Alliance Insurance Plc
2) ASO Savings and Loans Plc
3) STACO Insurance Plc
4) Standard Alliance Insurance Plc

I appreciate this, I'd look into this asap!

Not really!

Panadee:
Dem try sha. This is the new form of dividend. A JIJO-ending development for now, I think.
Their share price should be relatively stable in the short to medium-term

Exactly! It would not lead to an exceptional rally immediately.

I expect a brief rally on Friday though.

This redistribution is designed to hold down intending sellers...

Sunrisepebble:
I dont really see much in the news tbh
The distribution ratio is not that attractive to me. Unless they're changing it in the second tranche

CUTIX
Anyone noticed the activities going on in this stock?
Though I haven't seen the result but I think this stock is undervalued at current price of 2.40.......

Makanjuola89:
Yes if you buy before February 14th

Thanks

Thank you @Bagwa for the heads up

Sunrisepebble:
I dont really see much in the news tbh
The distribution ratio is not that attractive to me. Unless they're changing it in the second tranche

If you've been following the history of OANDO, I think this should be a welcomed development to anyone.
It is a right step in the right direction.

Let's say current share price is 70 now
70/3 +70 = N93/100......should give us the new price range.....
Lol, make una no mind my shortcut calculations oooooh 😁
...but it's expected at that range or above as time goes on...😁
OANDO needs to move above 100.......time is what we don't know yet.

ETERNA on FB
CONOIL on FO...

Panadee:
Nostradamus-like prediction

This is not just a prediction. ! He knows a lot

Okay o if una say so. I will make do with my afolabi units for now, unless I see it at good entry again

yMcy56:
If you've been following the history of OANDO, I think this should be a welcomed development to anyone.
It is a right step in the right direction.

Let's say current share price is 70 now
70/3 +70 = N93/100......should give us the new price range.....
Lol, make una no mind my shortcut calculations oooooh 😁
...but it's expected at that range or above as time goes on...😁
OANDO needs to move above 100.......time is what we don't know yet.

Wale and doings

Part 1 and Part 2 on top shares redistribution

Sunrisepebble:
I dont really see much in the news tbh
The distribution ratio is not that attractive to me. Unless they're changing it in the second tranche

Smart guys at Oando
I was also expecting the whole redistribution to be done at once.
But I also think it is deliberate strategy, to avoid a sudden rush followed by sudden dumping of the shares.
With this strategy, they could manage to keep people's interest in Oando for the next 2-3 years, even if no cash dividend is paid. And it will be done twice a year i.e. like interim and final dividend (in shares)
Again, those who hold their shares till the end may benefit more, because of the possible compounding effect in the redistribution formula adopted, if I am not mistaken.

Sunrisepebble:
I dont really see much in the news tbh
The distribution ratio is not that attractive to me. Unless they're changing it in the second tranche

why is it not attractive. This is like paying you dividend twice in a year for the next 3yrs. Many stock can not return equivalent in ratio in dividend like that in a yr

essentialone:
These 4 Companies, though Suspended, are supposed to be showing on stock bubbles. Please resolve it:

1) African Alliance Insurance Plc
2) ASO Savings and Loans Plc
3) STACO Insurance Plc
4) Standard Alliance Insurance Plc

even when they are not bubbling?

Streetinvestor2:
Finally decided to create third investment in a stock. If you have been here you will know the stock. My street sense says I should go for it.I had done One and second in the past.The loot will later be transferred to defensive stocks.
Na my money and I wish to spend it this way.

I made this post this morning hoping what ever news on oando will come with q1 improved results with #65 price and below as target .Though bought some afolabi units at #66 today as I was not seeing it below.

I may have to upgrade to #70

mikeapollo:
This is not just a prediction. ! He knows a lot

I tell you. Right from the days of N9 - N12 per share and the casting season (apologies to Street )

megawealth01:
Wale and doings

Part 1 and Part 2 on top shares redistribution

That Wale is a smart guy man, I swear!
With this, he may be able to keep shareholders interest in Oando for at least 2 years. i.e. like interim and final dividends (in shares redistribution).

Youngzedd:
Qualification Date

The first phase distribution will apply to shareholders on the Company’s register of
members at the close of business on February 14, 2025 for tranche 1 and June 30,
2025 for tranche 2.
The distribution for tranche 1 shall be applied on the basis of one (1) new ordinary share
of 50 kobo each for every twelve (12) existing ordinary shares of 50 kobo each held by
members as at the tranche 1 Qualification Date.
All shares that are caused to be distributed pursuant to the said AGM resolution shall
be distributed within[b] a period of 36 months[/b] commencing 30th January 2025.

And that 36 months is for 1st tranche, by the time they do the next tranche events would have overtaken the stuff. Wonderful!

But these shares belong to current shareholders TODAY. Is it ok for a company to hold shares belonging to shareholders and be giving them back in tranches over 3 years? This is different from dividends for which the company has to earn profits annually. Anyway these are my views, at the risk of being called an Oando hater by the powers that be here. I was holding since before the AGM, and I have now sold the news.

Streetinvestor2:
why is it not attractive. This is like paying you dividend twice in a year for the next 3yrs. Many stock can not return equivalent in ratio in dividend like that in a yr

yMcy56:
CUTIX
Anyone noticed the activities going on in this stock?
Though I haven't seen the result but I think this stock is undervalued at current price of 2.40.......

Been trying to get it at 2.35 without luck all through this week. Tomorrow is another day

ojeysky:
And that 36 months is for 1st tranche, by the time they do the next tranche events would have overtaken the stuff. Wonderful!

That is not what is on the news abeg

Streetinvestor2:
That is not what is on the news abeg

i taya o

True True, wale smart.
I cut cap 🙌

Whatever ideas investors have, you have to restrategise..

No sir!

ALL 4,279,042,282 units are to be distributed within 36months

ojeysky:
And that 36 months is for 1st tranche, by the time they do the next tranche events would have overtaken the stuff. Wonderful!