₦airaland Forum

yMcy56:
OANDO's time is also coming...

I'm having some opinion that maybe Wale intends selling the remaining stakes meant for distribution to a strategic investor, that s could be the reason we haven't heard about 2026 phase distribution of shares.

* I think this will be a welcomed development considering the fact that it could help reduce the debt burden.
* I don't expect shareholders to object to this, in as much as this will help shape the company the more.

** If this should be the case, then we should expect significant jump in OANDO's price...
It's even necessary because it's been down for so long..

You may be right about trying to sell the remaining shares to a strategic investor being the reason for not hearing anything about 2026 distribution.
But after selling, who should receive the money? Because the AGM and SEC had authorized that the shares be distributed to shareholders so the company cannot keep what belongs to individual shareholders without their consent. And there could be no ''strategic investors'' apart from Wale himself and his gang.
Shareholders need their shares or cash. They had given enough cash to the company in the past.
Afterall, the directors can always issue new shares to any true strategic investor, as already approved at AGM.

It may also be that they want to complete the RI so those who buy can benefit from the share redistribution i.e. if there is dilution.

Oando seem to be the dominant topic on here.

GeeKudi:
Big Amen.

isaacosas01:
Which stock please?

When I finish buying. Be patient

nosa2:
When I finish buying. Be patient

Eii! Human beings and money!

ppogba:
Hpb1:21 "O son of man, enter into your joy for some have experienced hypertension in months past on your behalf."

Art thou certain that the day of joy for Access has but come? Or thou seekest to lure the poor fellow that thou mayest empty thine bag when price goest up but a little

mikeapollo:
Eii! Human beings and money!

Funny part is that when I mention the stock the usual suspects will still think I am loco

mikeapollo:
You may be right about trying to sell the remaining shares to a strategic investor being the reason for not hearing anything about 2026 distribution.
But after selling, who should receive the money? Because the AGM and SEC had authorized that the shares be distributed to shareholders so the company cannot keep what belongs to individual shareholders without their consent. And there could be no ''strategic investors'' apart from Wale himself and his gang.
Shareholders need their shares or cash. They had given enough cash to the company in the past.
Afterall, the directors can always issue new shares to any true strategic investor, as already approved at AGM.

It may also be that they want to complete the RI so those who buy can benefit from the share redistribution i.e. if there is dilution.

Sometimes, shareholders can decide to forfeit such shares for sustainability of the company.
We've seen situations where shareholders forfeited dividends and agreed that the company should use it to improve the company.
If shareholders agree during AGM, SEC will ratify it....... shareholders have higher say than SEC in this kind of decision making.

Remember it was just my opinion.....because till now, we haven't heard about the phased distribution.
I may be very wrong as well.

yMcy56:
Sometimes, shareholders can decide to forfeit such shares for sustainability of the company.
We've seen situations where shareholders forfeited dividends and agreed that the company should use it to improve the company.
If shareholders agree during AGM, SEC will ratify it....... shareholders have higher say than SEC in this kind of decision making.

Remember it was just my opinion.....because till now, we haven't heard about the phased distribution.
I may be very wrong as well.

I know it's an opinion. I am only addressing the feasibility and fairness of such.
New shares can always be created and issued to genuine strategic investors. The shareholders had already given the directors the mandate to do that.

nosa2:
Funny part is that when I mention the stock the usual suspects will still think I am loco

Just mention it if you want to assist guys here.
People would always say something, positive or negative, but at least your conscience would bear witness that you did your best.
Remember, no one knows it all. Your ''north'' today may be someone's ''south'' and vice versa

IF the bolded happens, the funds will be distributed to shareholders NOT the company. So the second bolded is incorrect

Except a motion to that effect is moved at the AGM

yMcy56:
OANDO's time is also coming...

I'm having some opinion that maybe Wale intends selling the remaining stakes meant for distribution to a strategic investor, that could be the reason we haven't heard about 2026 phase distribution of shares.

* I think this will be a welcomed development considering the fact that it could help reduce the debt burden.
* I don't expect shareholders to object to this, in as much as this will help shape the company the more.

** If this should be the case, then we should expect significant jump in OANDO's price...
It's even necessary because it's been down for so long..

mikeapollo:
I know it's an opinion. I am only addressing the feasibility and fairness of such.
New shares can always be created and issued to genuine strategic investors. The shareholders had already given the directors the mandate to do that.

Ok.

mikeapollo:
Just mention it if you want to assist guys here.
People would always say something, positive or negative, but at least your conscience would bear witness that you did your best.
Remember, no one knows it all. Your ''north'' today may be someone's ''south'' and vice versa

I am not doing it to assist anybody; I will be doing it to pump my stock hence I need to wait till i have finished buying

KarlTom:
IF the bolded happens, the funds will be distributed to shareholders NOT the company. So the second bolded is incorrect

Except a motion to that effect is moved at the AGM

You position is exactly the view I hold.
But, if you read the resolutions very carefully, they inserted the phrase ''.... as the directors may decide from time to time....'', which could change the contextual meaning and legal implications.
Like @megwaealth01 always says. ''Wale is a lawyer''

nosa2:
I am not doing it to assist anybody; I will be doing it to pump my stock hence I need to wait till i have finished buying

Okay, as you wish!

yMcy56:
OANDO's time is also coming...

I'm having some opinion that maybe Wale intends selling the remaining stakes meant for distribution to a strategic investor, that could be the reason we haven't heard about 2026 phase distribution of shares.

* I think this will be a welcomed development considering the fact that it could help reduce the debt burden.
* I don't expect shareholders to object to this, in as much as this will help shape the company the more.

** If this should be the case, then we should expect significant jump in OANDO's price...
It's even necessary because it's been down for so long..

OANDO is a debt servicing and CAPEX firm period!!!

Greed and avarice.... be careful not to run into troubled waters

nosa2:
I am not doing it to assist anybody; I will be doing it to pump my stock hence I need to wait till i have finished buying

nosa2:
I am not doing it to assist anybody; I will be doing it to pump my stock hence I need to wait till i have finished buying

With all the pleadings on behalf of the masses, you are still bent on not being a Senior Advocate of the Masses 🤣🤣🤣

Ignore

Majority are stakeholders

Oasisblue:
Oando seem to be the dominant topic on here.

If I remember very well, I think the resolution has a clause stating "part or all", those things lawyers do.... but I'm not sure if I'm correct.

mikeapollo:
I know it's an opinion. I am only addressing the feasibility and fairness of such.
New shares can always be created and issued to genuine strategic investors. The shareholders had already given the directors the mandate to do that.

GeeKudi:
If I remember very well, I think the resolution has a clause stating "part or all", those things lawyers do.... but I'm not sure if I'm correct.

Yes, you are right. That is my fear.

You are now helping them service the debt ainit...

londonerr:
OANDO is a debt servicing and CAPEX firm period!!!

londonerr:
I just re-entered. But now I'm braced for the worst while not minding the best



Find agba and mega advice

KarlTom:
You are now helping them service the debt ainit...

No mind am. ''Forming'' both sides instead of being ''loyal'' to ''loyal'' members

KarlTom:
You are now helping them service the debt ainit...

I only entered with my toe and the water is infested with sharks, crocs etc.... on my way out.... 2.7trillion debt is not a joke plus negative equity of 500b!!

mikeapollo:
No mind am. ''Forming'' both sides instead of being ''loyal'' to ''loyal'' members

I'm only loyal to my money here .... Wale is living the life of a king not a CEO of a company in distress

Nosa is buying vfd, case closed.

Agba how far, is it time to cash out on access or we still fit reach 50...MTN they enter my eye ooooo..

ARADEL +₦42

londonerr:
I'm only loyal to my money here .... Wale is living the life of a king not a CEO of a company in distress

You need to ''belong'' and ''identify'' with true ''Oandites'' who can ''pressure'' him to put ''smiles'' on our face.
But you are still busy ''forming'' and falling our hand.
''Kwantinue''. The ''sharks'' and ''crocodiles'' are still in the water. .

crownprince2017:
Nosa is buying vfd, case closed.

How many units can he buy ?

Abeg tell me something else.

crownprince2017:
Nosa is buying vfd, case closed.

Based on its current financials, the estimated fair value for VFD Group Plc (NGX: VFDGROUP) sits between ₦12.50 NGN and ₦14.20 NGN, presenting a mild-to-moderate upside from its current market price of ₦11.30 NGN..... He's running into troubled waters. But it's his money....