₦airaland Forum

mikeapollo:
It is likely to be 1:13 or 1:14 (based on my sketchy calculations which gave 1:13.70, but there is no fraction of shares).
Make Oando no cause another kasala this time again oo!

megawealth01:
What's the ratio of the sharing for June 30?

GeeKudi:
1:12, of course with the compounding effect of the yet to be credited units from the last one.

jonnysessy:
When the Banking sector sneezes, all other sectors catches cold. It was a bloody market today. But the banks resisted and they closed not too bad with this prevailing news. Happy that Presco closed N1000 today. Got to get some funds and await some of these banks stocks. I already noticed they fall rapidly in the first hour of trading day. Later, they will start resisting. Imagine Zenith dropped as low as N43 today but, later closed at N46. The race for bargain hunting had begun.

mikeapollo:

It cannot be the same ratio as tranche 1, although the same number of units 641,856,300 will be distributed

opaclem:
[/b]

Tranche 2 ration is 1:12 just like Tranche 1. However, the share distribution is not very direct. There won't be share allocation to any pf the extra get from allocation.

KarlTom:
"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..."

To all OandO unit holders, the above statement literally means that there is NO defined date for the allocation of Phase 1 (Tranche 1).

The Cowboy Games...

KarlTom:
"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..."

To all OandO unit holders, the above statement literally means that there is NO defined date for the allocation of Phase 1 (Tranche 1).

The Cowboy Games...

wanaj0:
Obvious many here did not experience the 2008 market crash nor the 2020 Covid 19 induced crash. People panicking over non dividend payment! When last did ETI paid dividend?

The market over reaction should present good buying opportunities that will lead to wealth transfer.

For as long as the fundamentals are still STRONG than no shaking.

Eku market oooo

megawealth01:
Distribution might not have date but qualifications have date... People don't mind when they will distribute it provided they qualify

opaclem:
[/b]

Tranche 2 ration is 1:12 just like Tranche 1. However, the share distribution is not very direct. There won't be share allocation to any pf the extra get from allocation.

megawealth01:
Distribution might not have date but qualifications have date... People don't mind when they will distribute it provided they qualify

mikeapollo:
If you consider and add those who qualified on Feb 14,2025 (tranche 1) to the pre-existing shares already in issue, it changes the base figure (denominator) for the total number of shares outstanding for tranche 2, so the ratio for tranche 2 cannot be same as tranche 1, even though the same number of shares will be redistributed.

Agbalowomeri:
So each tranche has a qualification date?
Make Wale dey fear God o

Agbalowomeri:
Provided each tranche has a qualification date.
Meanwhile, what if there are no shares to distribute at the end of the day?

Agbalowomeri:
Provided each tranche has a qualification date.
Meanwhile, what if there are no shares to distribute at the end of the day?

mikeapollo:
Yes, each tranche has a definite qualifying date. Feb 14, 2025 (tranche 1) and Jun 30, 2025 (tranche 2).
An exercise like this must always have a qualifying date because of the closure of register of members for the eventual redistribution/sharing of the units.

MadmaxX489:
https://businessday.ng/news/article/why-access-zenith-first-bank-may-pause-dividend-payment-till-2028-report/#

Keep powder dry until after second qtr results are release and it’s becomes clear which banks won’t be paying any dividends.
UBA > 15
zenith> 20
Access> 12
😁😁

MadmaxX489:
https://businessday.ng/news/article/why-access-zenith-first-bank-may-pause-dividend-payment-till-2028-report/#

Keep powder dry until after second qtr results are release and it’s becomes clear which banks won’t be paying any dividends.
UBA > 15
zenith> 20
Access> 12
😁😁

opaclem:
[/b]

Tranche 2 ration is 1:12 just like Tranche 1. However, the share distribution is not very direct. There won't be share allocation to any pf the extra get from allocation.

BREAKING: Dangote’s 4,000 CNG trucks arrive in Nigeria as company plans 100 refueling stations pic.twitter.com/UBLeeNtlIH

— ireporteronline (@iReporteronline) June 17, 2025

mikeapollo:
If you consider and add those who qualified on Feb 14,2025 (tranche 1) to the pre-existing shares already in issue, it changes the base figure (denominator) for the total number of shares outstanding for tranche 2, so the ratio for tranche 2 cannot be same as tranche 1, even though the same number of shares will be redistributed.
Make Oando just answer person make we stop all these calculations and back and forth

GeeKudi:
I see. Could this be the reason why the previous allocation has not been credited to beneficiaries since it will not be factored into this coming one?

BREAKING: Dangote’s 4,000 CNG trucks arrive in Nigeria as company plans 100 refueling stations pic.twitter.com/UBLeeNtlIH

— ireporteronline (@iReporteronline) June 17, 2025

BREAKING: Dangote’s 4,000 CNG trucks arrive in Nigeria as company plans 100 refueling stations pic.twitter.com/UBLeeNtlIH

— ireporteronline (@iReporteronline) June 17, 2025

mikeapollo:
Yes, each tranche has a definite qualifying date. Feb 14, 2025 (tranche 1) and Jun 30, 2025 (tranche 2).
An exercise like this must always have a qualifying date because of the closure of register of members for the eventual redistribution/sharing of the units.
Once you had qualified, you may even decide to sell your shares but you will still get your bonus units whenever the actual distribution is done at a later date, similar to how bonuses are executed and implemented.

BREAKING: Dangote’s 4,000 CNG trucks arrive in Nigeria as company plans 100 refueling stations pic.twitter.com/UBLeeNtlIH

— ireporteronline (@iReporteronline) June 17, 2025