₦airaland Forum

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

otokx:
is that why the market appears to be sluggish today?

Layi9:
Abeg how do i transfer my stocks from one broker to Another
Afrinvestor do too fall my hand, Goddddd!!!!
For weeks now

Layi9:
Abeg how do i transfer my stocks from one broker to Another
Afrinvestor do too fall my hand, Goddddd!!!!
For weeks now

Umehj88:
.

Nah inside the premises I dey I only post what I see. The other one didnt have a compound just front view

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.

mikeapollo:
When are we getting the redistributed shares (tranche 1 and 2)?

mikeapollo:
When are we getting the redistributed shares (tranche 1 and 2)?

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

Agbalowomeri:
Wale still dey use this one hold una for blokos

Umehj88:
Presco head office

Agbalowomeri:
Wale still dey use this one hold una for blokos

HesInMe:
1. Open an account at another broker of your choice
2. Without saying why, ask your current broker to give you a current CSCS statement
3. Ask your new broker to initiate a transfer request from CurrentBroker. NewBroker will ask you for your CSCS statement, letters requesting transfer, and CSCS fees.
4. Be prepared for war with CurrentBroker to honor that transfer request: Send them an email if not done in three weeks, then another email requesting escalation 2 weeks later. Make sure everything is written, not verbal. If still not effected, file a broker complaint with NGX. It works wonders.
5. Close your account with CurrentBroker

SonofElElyonRet:
@Locotrader
Japaul no get head. Seems people are just trading it. One needs a lot of discipline to be able to keep holding

Umehj88:
.

Nah inside the premises I dey I only post what I see. The other one didnt have a compound just front view

emmanuelewumi:
Wale na bad guy

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

Umehj88:
.

Nah inside the premises I dey I only post what I see. The other one didnt have a compound just front view

mikeapollo:
The much awaited capital raise for Oando is here!
I guess a successful exercise would ameliorate your concerns about going concern

HesInMe:
1. Open an account at another broker of your choice
2. Without saying why, ask your current broker to give you a current CSCS statement
3. Ask your new broker to initiate a transfer request from CurrentBroker. NewBroker will ask you for your CSCS statement, letters requesting transfer, and CSCS fees.
4. Be prepared for war with CurrentBroker to honor that transfer request: Send them an email if not done in three weeks, then another email requesting escalation 2 weeks later. Make sure everything is written, not verbal. If still not effected, file a broker complaint with NGX. It works wonders.
5. Close your account with CurrentBroker

faoogoke:
Yes o! You never can tell when it will do Ellah lakes magic!

emmanuelewumi:
I don't buy any stock that involves praying, fasting and going to the mountains.

Any stock that give me High Blood pressure whenever, Street investor cast the stock, I no dey buy.

emmanuelewumi:
I don't buy any stock that involves praying, fasting and going to the mountains.

Any stock that give me High Blood pressure whenever, Street investor cast the stock, I no dey buy.

emmanuelewumi:
Not my type of stock for now

Picky1:
Bros, please, what if the broker is no longer active - eg Cashcraft?