₦airaland Forum

popoolaRofiat:
I be one of your neighbours o oga Street

Hardly did Street know say his neighbours plenty......😁
At least, make he share campaign funds reach us make we take am still dey hold body for now....😁

Agbalowomeri:
ZICHIS and AVACAP don send am go village

Na so..
Carry OANDO join too...... 🥹

Streetinvestor2:
madam mcy are u still on this thread
whr u enter

I dey o Oga Street.... 👍
I still dey village and on prayer mode for NGX Bull....😁
Don't forget me too, I be your neighbour, na you politicians dey enjoy now....🤗

What could be happen in LIVESTOCK??
It's deliberate and I suspect maybe the new owner is mopping the free float up as much as possible because UACN is selling to the new owner @8.85....

* Unexplained insider trading...
NSE, the more you look, the less you see.....
Not advisable to buy at high price because we don't know their reasons for pushing it up yet......maybe it's a plot to increase the price of the 1% MTO take over from minority, we don't know yet...

Agbalowomeri:
Oando dreamers at work

😁
Closed @36.40....
Did some insiders have privy info or just normal optimistic trading?
We're watching....😊

thebargainhunte:
Hmm... Someone placed a bid of 10 million units bid in OANDO, someone else or the same person placed an offer of 8+ million units. The manipulation is about to get real.

They've made it equal on both sides now.....

I can remember when it was selling around N9/10, that was how the 10M single offer and bid was roaming about on both sides of the table.....😊

We shouldn't forget the promise to resume dividend next year....

narite:
LOL...You probably think of stocks all day long...Go out and touch Grass.

Really?
If that's how dreams works, then I should be a multi billionaire by now.because na the money aspect I dey think of. lol.
To dey dream and see billionaires no easy....😁
Na money from God I want anyway, divine blessings...😊

chimex38:
UACN selling it's stake of livestock= over 40%+ rise in Livestock so far
Why I no reason this matter well?
Probably a premium sale unlike Geregu.

I bin think say na opposite

UACN is selling the stake for N8.85.
Guess smart guys are just using the news to do some quick business.

Agbalowomeri:
Wale don dey visit you for dream

Lol.
Make he sha dey visit with briefcase filled with $$ and deliver it without looking back.
Spiritual controls the physical 🙊

Oga Agba, do you know funny enough, I dreamt and saw Otedola before FBNH started rallying from N30, at another time around N60 🤣

I need to be paying special attention to the dreams now.....and maybe monetize it.....Dream Analysis

ghm:
It is not only the bid—the price rally that follows the bid will be massive. That is why I am following everything happening around Oando. I don't want to miss it.

Your dream will come to pass. The only issue is the time difference between our world (reality) and dreamland.

AMEN 🔥
We are the faith generation....😊
Yes. The time is what we don't know yet.

popoolaRofiat:
Though I don't have the stock,I dreamt of it that it reached#51. I just kept it to myself because I don't need any dragging and mind you any dream I have that is not even in any way concern to me do use come to paa

Very good Sis.
It's not only me after all..😊

ayobama1:
When last did you treat acute malaria 🤣

Very long. Lol 😁
It's not today I've been posting my dreams here......but I stopped at some point, or will just use style to mention it.
If I didn't remember anyone, I still remember that of Fidelity at around N1.70, N3, or so.....
Let's see if this one will be right or outrightly wrong......

Stockpromoter:
What of Loco?

Lol.
I don't know which aspect you're asking but as far as Mcy is concerned, Loco is cool......but seems people prefer the old Loco 😜

faoogoke:
People change for a number of reasons.
I think he invested a lot in Oando.
I recall someone wishing Wale to kpai. That is
how angry Oando shareholders can be.
It takes a lot of maturity to be calm at times like this.

Lol.
That's no justification for derailing the thread.
OANDO investors plenty for this thread, only that they don't talk or post.

Don't be surprised that Oga Emma may have OANDO, forget all those bashins, the day OANDO will do 200 or there's positive turnaround we will eventually know the truth 😁

londonerr:
The absolute lack of self control vis a vis self examination is truly unacceptable. No doubt he's been very good member of the platform in the past and sometimes when he gets to sober moods.

Abi nah.
Don't know what came upon him.....
Maybe the Mega Wealth he said he has is shirking him who knows.....
Money is always accompanied with pride if unchecked or put under control by the Spirit of God.

Meanwhile, I dreamt sometimes ago, not too long.....and ironically, I saw OANDO on full bid.....the bid was massive...

Wondering what could bring this about?
Also hope it's for good and for the benefits of minority shareholders'....and, I no get malaria 😁

Maybe the dream will be true or not, I don't know....

mikeapollo:
Wetin you gain from the ban, if true?

Thread sanity and more of investment/stock focused thread.....lol.

SonofElElyonRet:
Wondering why you were always so savage in your attacks against him though.. ko le to yen nawu 🤷

Ironically, Mega is my long term good brother on this thread and orderly at least.....
I don't know why he just changed and started derailing.......
Most annoying part is when corrected, he would take an offence, became adamant, insultive and acting irrational...
The kind of "friend" I'll keep or relate with and I can't tell him/her the truth, I'd rather not have such around me.
If you do anyhow, you get anyhow....then we move on again.....😁

If I do anyhow, correct me too, I no too dey vex for that kind thing......
I can't count the number of attacks I've got on this thread......we still move on on topics of interest afterwards.....😊

ghm:
Thank you. I love this forum whenever people that know what's up speak. It goes further that we are not gamblers on this forum, we know something. Here are further information.

What is OODP?
OODP stands for Ocean and Oil Development Partners Limited. It is the majority shareholder and core investor in Oando PLC.

Who owns OODP?
OODP is a private company jointly owned by Wale Tinubu (Oando's Group Chief Executive) and Mofe Boyo (his deputy), along with the Volpi family's investment vehicle, Ansbury Investment Inc.

But there is another layer to the structure: Whitmore Asset Management Limited. Whitmore is the private investment vehicle of Wale Tinubu and Mofe Boyo. It co-owns OODP BVI (a British Virgin Islands joint venture company), which in turn owns 99.99% of OODP Nigeria. OODP Nigeria is the entity that holds the controlling stake in Oando PLC.

So the chain is: Tinubu/Boyo → Whitmore → OODP BVI → OODP Nigeria → Oando PLC.

What is OODP's stake in Oando?
OODP holds a controlling interest in Oando. Depending on the reporting date and methodology, its direct stake is reported as:

August 2026: 26.36%
September 2026: 28.55%
Historical (2022): 57.37%

The variation reflects different reporting methodologies (e.g., whether affiliated holdings like Leaf Equity Investments are consolidated).

The Letter of Guarantee
This is the critical document. OODP issued a Letter of Guarantee valid from 25 March 2026 to 25 March 2027. Under this guarantee, OODP commits to support Oando by ensuring the company can meet its financial obligations as they fall due, for as long as liabilities exceed assets.

The guarantee is described as a contract for the benefit of all creditors of Oando and its subsidiaries—present and future—who can enforce the undertakings given.

However, the financial statements contain a crucial caveat:"The effectiveness of this support is dependent on the financial capacity of the guarantor, which has not yet been independently verified." OODP told management that evidence of its net worth backing the guarantee is being audited, but the audit was not complete as of the financial statement approval date.

OODP's Role in the Recapitalisation
OODP is not just a passive guarantor. It has committed to fully subscribe to its rights entitlement and underwrite any shares not taken up by minority investors in Oando's proposed N500 billion capital raise. This means if minority shareholders don't take up their rights, OODP will buy them.

Why This Matters
Whitmore is the personal vehicle through which Wale Tinubu and Mofe Boyo control OODP, and by extension, their controlling stake in Oando. When people talk about "OODP's guarantee" keeping Oando afloat, they are effectively talking about Tinubu and Boyo's personal financial commitment—made through entities they own.

Hhmmm..
This is interesting...
Invariably, the Rise and Fall of OANDO is in the hands of WALE.....as Mega used to insist.

Now, there's an interesting clause there:
"OODP is committed to fully subscribe to its Right entitlement"
OODP also says previously that its no longer buying out minority shareholders.... meaning it's not going private.

Uncle WALE, whatever your game plan is, pls carry us along make minority also follow you chop, na beg we dey o. Ejowo Sir 🙏

** Meanwhile, it seems the bot has given Megawealth long ban, lol

KarlTom:
ARADEL -10.00%

The ARADEL big boys are just controlling it anyhow they like, retailers have no say in it...
The market is highly tilted and controlled by the money guys...
Guess they're loading for their Russell clients before Q3 is released.....
They'll move it up again whenever they feels like....

ghm:
Salient point, you raised, here are my findings based on your post.

Looking at Oando's footprint—the company's premises, events, management and staff, buildings, offices, cars, planes, etc.—you will see an extremely successful and affluent company, with no visible traces of a broken balance sheet. Oando is being kept afloat by a legal guarantee from its majority shareholder, an aggressive debt-restructuring plan, and the sheer scale of its assets. But that lifeline has an expiry date, and it is not a long-term solution.

What's Keeping It Afloat Right Now

1. The OODP Letter of Guarantee
The primary lifeline is a Letter of Guarantee from Ocean and Oil Development Partners (OODP), Oando's majority shareholder. It is valid from 25 March 2026 to 25 March 2027. It commits OODP to support Oando so it can meet its financial obligations as long as liabilities exceed assets. The critical caveat: the evidence of OODP's net worth backing this guarantee has not yet been independently verified . This is not a cash injection; it's a promise from a related party.

2. The Recapitalisation Plan
Management has a three-part plan approved by shareholders: a N500 billion capital raise (first tranche N220 billion rights issue awaiting SEC approval), conversion of up to US$300 million** of Reserve-Based Lending debt into equity, and a **US$1.5 billion multi-instrument issuance programme .

3. Operational Cash Generation
Oando is not dead operationally. H1 2026 production averaged 42,789 boepd, up 16%, with production opex down 18% to $16.83/boe . It ended H1 with N544.92 billion in cash . Operating profit was N127.84 billion, a turnaround from a loss .

How Long Can It Keep "Selling Hope"?

The honest answer: until March 2027, when the OODP guarantee expires.
After that, the company's survival depends entirely on whether the recapitalisation plan succeeds. And there are serious doubts:

Negative equity persists: Total equity was negative N530.45 billion at H1 2026 .
Finance costs exceed operating profit: H1 2026 finance costs were N167.58 billion against operating profit of N127.84 billion . The company is not earning enough to cover its debt servicing.

The "profit" is not from operations: N104.44 billion of operating profit came from other income and impairment reversals—not from selling oil or trading crude .

Shareholder governance challenge: A shareholder has formally challenged the US$434.5 million receivable settlement and the proposed rights issue, raising questions about related-party transactions and dilution, with copies to the SEC and CAC .

Could Seplat or Aradel Acquire Oando?

This is speculative, but here's the context:

Seplat is the largest indigenous producer, targeting 200,000 boepd by 2030, with net debt reduced to $370.7 million after repaying $200 million . It has the balance sheet and the operational credibility.

Aradel ended H1 2026 with N1.72 trillion in cash, the largest of the three, and has been on an acquisition spree, consolidating ND Western and taking a majority stake in Renaissance Africa Energy.

Oando's appeal: It holds the largest indigenous reserves and has completed the NAOC acquisition, adding significant Niger Delta acreage .

An acquisition would be a massive undertaking, given Oando's N2.42 trillion enterprise value and N2.70 trillion in debt . But it would be a logical consolidation play for a cash-rich Aradel or a strategically ambitious Seplat.

Bottom Line
Oando is surviving on borrowed time and a shareholder guarantee. The operational turnaround is real—production is up, costs are down—but the balance sheet is still broken. The "hope" being sold is that the recapitalisation will fix it. The risk is that the March 2027 guarantee expiry arrives before the fix is complete.

Thanks for this submission.
It's educative and provides some clarity.

I think it's glaring why Wale mentioned 2 Quarters to fix the debt issue......by Dec 2026 and March 2027 in two tranches.

I expect something to have been done by Q1 2027.....
We may witness some drastic actions being taking by O&O within the next two quarters.

Fingers Crossed 🤞🤞

Meanwhile, attached is OANDO table in market as at now....
Who are those 10-10M bidders?

essentialone1:
https://www.westernpost.ng/multi-trex-integrated-foods-declares-n422-2m-loss-in-2025/

https://punchng.com/multi-trex-reports-first-quarter-loss-amid-contraction/?amp

MULTI-TREX bids exceeds their declared loss.....
No single drop as at now...😊

sboga:
Dark is coming

Sboga, which of the dark is bringing light this time around?
Oya give us tips 😊

Meanwhile, ARADEL is deliberately keeping the share price down for whatever reason is best known to them....

Who can place offers like this if not Dem Dem?
Then by closing time, they'll come and pack it again....
It's well ❤️‍🩹

Agbalowomeri:
The money don useless already unless multiply by 10

It's a case of at-all at-all ...
I'm sure many holders might have written it off.....or some of them are not even in stock business again...
* Aside brokers that will be moving the price and crossing from one acct to another, quite a lot won't even believe it's existing or can exist again 😊

ARADEL
Coded accumulations ongoing here.....
Lots of picking @1377 (-10%)....
No official change in price...

MULTI-TREX
Congrats to MULTI-TREX shareholders....
Eventually, their funds were not flushed down the toilet.....
Resumed trading today after very long years....😳

** Suspension lifted today 7th October, 2026!

ayobama1:
What's the bonus ratio and what happens if I don't complete the form 🤔

To calculate yourself, see the Scrip dividend column.

https://doclib.ngxgroup.com/Financial_NewsDocs/47865_P_Z_CUSSONS_NIGERIA_PLC.-DIVIDEND_NOTIFICATION_CORPORATE_ACTIONS_AUGUST_2026.pdf

ayobama1:
What's the bonus ratio and what happens if I don't complete the form 🤔

The Registrar will calculate your bonus in relations to the qualified dividend and credit your CSCS with it at the appropriate time.

If you don't complete any form, all well and good, your dividend will be paid as Cash into your bank account on payment date (which is 30th Oct, 2026).

PZ: DIVIDEND OR SCRIP OPTION

* You have Options to either collect your PZ 2025 FYE dividend as 100% cash, 100% Bonus Issue or combination of both.
* Dividend declared: N2.50
* Qualification Date: 9th October, 2026
* Payment Date: 30th October, 2026

* Qualification Date to submit Form: On/Before 23rd October, 2026

https://doclib.ngxgroup.com/Financial_NewsDocs/48004_PZ_CUSSONS_NIGERIA_PLC-PZCN-_SCRIP_DIVIDEND_ELECTION_FORM_CORPORATE_ACTIONS_SEPTEMBER_2026.pdf

KarlTom:
ARADEL wagwan

That stock don tire me...
Only God knows why they kept depressing the share price...
It shouldn't be selling below 1700/1800 by now
Just refraining myself from calling it nonsense stock...😊....because I know it isn't.....na solid stock..

Meanwhile, Zenith is officially @134.30
While GT is at 133.50.......as at now...
* Does ZENITH have the mind to bypass her Oga and remain on-top?
* Time will tell...
* Always have a way of stepping down...🥹

Agbalowomeri:
MikeApollo and Peterichy go do thanksgiving

The person holding ya blokos don commot for the bus

Lol....
Someone or an entity don dey enter small small....
Maybe it's Russell people we don't know yet....😊
Above 30M units purchased/crossed...with around a Billion Naira

* OANDO is not for the faint hearted.....
We believed we will laugh last....😁

jonnysessy:
You are very correct about Morgan Capital. All information they require is like you are opening a trading account afresh. It was like you are answering JAMB question. They never considered that people had done this documentation when they opened their account. They treated everyone like a beginner, hence i didn't considered them. In fact, i think the best way to buy this IPO is through banks app (less things to fill) and you fill in your Stockbroker's name, CHN and CSCS number if you already had them. They will eventually sort out everything during allotment.

Don't bother to buy directly from Morgan Capital, it's waste of time...not even sure you can buy directly from Morgan.

I-Invest directly from NGX or Bank Apps are much better, simple and quicker to use.

https://www.invest.ngxgroup.com/

** If you register on I-Invest, you can still be using the channel to be continuously buying other offers that may come out thereafter.

** I assisted a relative to register and purchased FCMB Public Offer and I've been using it to buy other Offers that comes out and they're interested in.
** You can be checking it regularly for any Offer that comes out that you might not even be aware of, it's always listed there..... including Rights Issues.