₦airaland Forum

mikeapollo:
This is unnecessary.
Every shareholder has the right to raise his observations or issues.
Let's take out emotions and harsh words even when we want to criticize

Why wasn't he commenting on the points raised in the AGM?
No be by force to be a shareholder of OANDO
The floor is always open to exit if he's tired of Wale...
His comments aren't centered on observation or issues with OANDO, it's obsession.

Na arrangee na

Person wants to pay dividends from which year again... Make I laugh small joor 😂

Umehj88:
Most of these pp are asking questions as if they reading it from a book. They are asking questions and also praising the MD

Streetinvestor2:
I don't care if it was marital issues. What I know is the 460k dollars was proceeds from drug as stated in all report.
Tell me the transaction that brought the fund that was seized.Was it proceeds from wrong parking. Why don't we tell ourselves the truth. That is why corruption has taken over the country

He said someone paid it into his account and that the funds aren't his own (i stand to be corrected). I'm not saying he's guilty, I'm not saying he's innocent.. I'm saying you can't prove a darn thing.. so where does that leave his opponents? Empty handed.. Atiku just wasting money. All that'll be achieved is some embarrassment here and there

Then he shouldn't prevent them from opening his documents in court na. What is he now hiding? Na person mouth you wan dry believe for politics. A particular candidate is fond of saying ' Go and Verigy'...why can't a sitting president say such? Please tell yourself the truth and stop sounding weird.

SonofElElyonRet:
He said someone paid it into his account and that the funds aren't his own (i stand to be corrected). I'm not saying he's guilty, I'm not saying he's innocent.. I'm saying you can't prove a darn thing.. so where does that leave his opponents? Empty handed.. Atiku just wasting money. All that'll be achieved is some embarrassment here and there

BabsO2:
On Dividends. Does he mean to start paying 2027 based on audited 2026 or based on Audited 2027 to be paid in 2028.
The finance guy just said a 5% yield is targeted for Dividend Payments.

Dividend based on 2027 accounts. They made reference to retained earnings of negative N62b per 2026 accounts.
Please take note that the figures they mentioned are under ''Company'' and not under ''Group''.
They seem to be cleaning the books of the ''Company'' to enable them pay dividend.

Just my opinion, I may be wrong though

Bruh, is the current speaker reading from ChatGPT? Why is he giving us advantages of a virtual meeting? What is happening? Is this a real meeting? Very cringe.

Meanwhile can one buy dangote refinery shares in one's personal name and also with one's business name (business name is same as the proprietor unlike limited liability company which a legal entity)?

😂🤣😂

deathwing:
Bruh, is the current speaker reading from ChatGPT? Why is he giving us advantages of a virtual meeting? What is happening? Is this a real meeting? Very cringe.

Definitely!
Observe that the Chairman and the Company Secretary seemed to be checking a list before calling the next person...

Umehj88:
Most of these pp are asking questions as if they reading it from a book. They are asking questions and also praising the MD

deathwing:
Then he shouldn't prevent them from opening his documents in court na. What is he now hiding? Na person mouth you wan dry believe for politics. A particular candidate is fond of saying ' Go and Verigy'...why can't a sitting president say such? Please tell yourself the truth and stop sounding weird.

You didn't read well my comment that you mentioned... I am 100% sure..

Umehj88:
Most of these pp are asking questions as if they reading it from a book. They are asking questions and also praising the MD

Imagine praising those people that supposed to resign in shame

and what has come out of the 'go and verify'? The real time commentators during his 8 years administration? The people who took over from him are beginning to open his books to the public - the go and verify. abeggiii

deathwing:
Then he shouldn't prevent them from opening his documents in court na. What is he now hiding? Na person mouth you wan dry believe for politics. A particular candidate is fond of saying ' Go and Verigy'...why can't a sitting president say such? Please tell yourself the truth and stop sounding weird.

SonofElElyonRet:
Meanwhile can one buy dangote refinery shares in one's personal name and also with one's business name (business name is same as the proprietor unlike limited liability company which a legal entity)?

Yes, you can potentially subscribe for Dangote Refinery shares personally and also through a CAC-registered Business Name, but the Business Name is not a separate legal entity from you as its proprietor. Whether both subscriptions can be treated as separate IPO applications depends on the IPO’s KYC/BVN/CSCS and multiple subscription rules, so it should be confirmed with an approved Receiving Agent before applying.

mikeapollo:
Dividend based on 2027 accounts. They made reference to retained earnings of negative N62b per 2026 accounts.
Please take note that the figures they mentioned are under ''Company'' and not under ''Group''.
They seem to be cleaning the books of the ''Company'' to enable them pay dividend.

Just my opinion, I may be wrong though

Meaning in the year 2028? The managements are not really helping the minority shareholders.

emmanuelewumi:
They can't talk about dividend yield without talking about the referenced stock price

Wale just clarified it's as percentage of share price of the day.

You dey mind them for that secret meeting?

thebargainhunte:
Imagine praising those people that supposed to resign in shame

OandO AGM
Mr Wale just reiterated this:

"We will resume dividend payment next year with a minimum target of 5% [averaging 10% as we proceed] on the share price of the day..."

BabsO2:
On Dividends. Does he mean to start paying 2027 based on audited 2026 or based on Audited 2027 to be paid in 2028.
The finance guy just said a 5% yield is targeted for Dividend Payments.

yMcy56:
Why wasn't he commenting on the points raised in the AGM?
No be by force to be a shareholder of OANDO
The floor is always open to exit if he's tired of Wale...
His comments aren't centered on observation or issues with OANDO, it's obsession.

Anyone can comment on the form and substance of the AGM. He chose to comment on the form.
We all cannot do the same thing.
Even Wale himself would not use the words ''nasty'' on any shareholder asking whatever questions.

Would you even use these words on a shareholder if you were the CEO sitting at the AGM?

😂 🤣 😂

KarlTom:
Definitely!
Observe that the Chairman and the Company Secretary seemed to be checking a list before calling the next person...

See how you are passionate about a mere candidate whose life is an open book, but not about a sitting president with no verifiable job or source of income before politics. Nice one.

GeeKudi:
and what has come out of the 'go and verify'? The real time commentators during his 8 years administration? The people who took over from him are beginning to open his books to the public - the go and verify. abeggiii

BabsO2:
Wale just clarified it's as percentage of share price of the day.

Current price is N34

At a dividend yield of 5%, you should be looking at a dividend of N1.70k per share

mikeapollo:
Anyone can comment on the form and substance of the AGM. He chose to comment on the form.
We all cannot do the same thing.
Even Wale himself would not use the words ''nasty'' on any shareholder asking whatever questions.

Would you even use these words on a shareholder if you were the CEO sitting at the AGM?

Mike why are you not addressing Mega instead?
Are you his mouthpiece?

See the way Oga Emma for instance is commenting with figures...

I think minding your business is also a good business.

** The "block button" is always available for your use and his use.

thebargainhunte:
Meaning in the year 2028? The managements are not really helping the minority shareholders.

Normally, dividends for a year are paid after end of the year
But they may decide to pay some interim dividends in 2027 if the Q1 or H1 results are very good.

I will have to simply BLOCK you so you stop seeing my annoying comments/posts...

I stopped blocking people but will have to start again since some persons don't know how to be WISE online... Whether you are a man or a woman, learn to be civil even in disagreement...

WALE is not doing well to minority shareholders and he must be told the bitter truth... He was supposed to make that AGM physical so that people can vent their disappointments not arranging praise singers and people that will appear to give him fake HEAT

deathwing:
See how you are passionate about a mere candidate whose life is an open book, but not about a sitting president with no verifiable job or source of income before politics. Nice one.

No verifiable job ke..... Nobody said make u no like anybody wey you want but saying nobody...haba...
Small small na..

If eyes dey cry, eyes supposed they see na..

No verifiable job bawo..

Out of OS of 12bn+ shares, Mr Wale and Mr Boyo (8bn+ units) already voted FOR.

Who will waste time voting...

mikeapollo:
Dividend based on 2027 accounts. They made reference to retained earnings of negative N62b per 2026 accounts.
Please take note that the figures they mentioned are under ''Company'' and not under ''Group''.
They seem to be cleaning the books of the ''Company'' to enable them pay dividend.

Just my opinion, I may be wrong though

That is sometime in 2028 the following dividend will likely be paid
N2.5 If share price is N50
N5 if the share price is N100
N10 if the share price is N200

You dey wyne? 😂

KarlTom:
Out of OS of 12bn+ shares, Mr Wale and Mr Boyo (8bn+ units) already voted FOR.

Who will waste time voting...

SonofElElyonRet:
Meanwhile can one buy dangote refinery shares in one's personal name and also with one's business name (business name is same as the proprietor unlike limited liability company which a legal entity)?

It should be possible. But, I want to believe at the end of the exercise,they will do some sorting to fish out categories Ike this knowing that Nigerians are cleverly desperate to get the shares at all cost.

Bus Law 101: Solomon v Solomon

Make I use fear pick the 10 naira dividends

BabsO2:
That is sometime in 2028 the following dividend will likely be paid
N2.5 If share price is N50
N5 if the share price is N100
N10 if the share price is N200

SonofElElyonRet:
He said someone paid it into his account and that the funds aren't his own (i stand to be corrected). I'm not saying he's guilty, I'm not saying he's innocent.. I'm saying you can't prove a darn thing.. so where does that leave his opponents? Empty handed.. Atiku just wasting money. All that'll be achieved is some embarrassment here and there

The last two statements in this post tells u are not a straight person. You are the kind of lawyer if practicing the true problem with our judiciary. And drug baron is spending billions to prevent us seeing detailed facts about what happened to his account