NewStats: 3,261,368 , 8,173,808 topics. Date: Thursday, 29 May 2025 at 03:09 AM 2j1y3d

Niyijac:
Is there anything deducible from this chart?

...Interesting chart.

Summary
-Closing price is 60.10
- level is at 56
-Recent high is 68.50

There are lot of information to obtain from your simple chart

nairavsdollars:
Can anyone confirm if true that Wale Tinubu is stepping down at Oando?

After all the struggles and storms he has gone through as CEO of OANDO?
That would be interesting.

UBN
NOTICE OF DELISTING
Finally, Union Bank is leaving NGX after more than a year with confusion ...

https://doclib.ngxgroup.com/Financial_NewsDocs/NOTICE_OF_DELISTING_OF_UBN_SHARES.pdf

yMcy56:
UBN
NOTICE OF DELISTING
Finally, Union Bank is leaving NGX after more than a year with confusion ...

https://doclib.ngxgroup.com/Financial_NewsDocs/NOTICE_OF_DELISTING_OF_UBN_SHARES.pdf

See a typical Nigerian company delistment and compare this to that of GSK.
Union bank delistment started almost three years ago, and they are still planning for approval, before taking to management. They have not yet started talking about court ordered meeting.

People just day offload Oando as e day go up. We die there.

olaremint:
People just day offload Oando as e day go up. We die there.

yMcy56:
UBN
NOTICE OF DELISTING
Finally, Union Bank is leaving NGX after more than a year with confusion ...

https://doclib.ngxgroup.com/Financial_NewsDocs/NOTICE_OF_DELISTING_OF_UBN_SHARES.pdf

Good Day Madam,

Does it mean they will pay an additional 70 kobo?

nairavsdollars:
Can anyone confirm if true that Wale Tinubu is stepping down at Oando?

Wale will not be on good side of history if he step down at this point without any significant improvement on Oando statements.maybe he is planning to use another person to push for his delisting,fingers cross

UkwuAmu:


Aradel formerly NDEP (Niger Delta exploration company ) now 715 on NASD, Seplat over 2k , Oando which has transitioned to an upstream production company must shit or vomit . The 2022 Annual result is very key . No way shareholders are accepting anything less than 100 .

"Wale" and his gang wants to delist at 7

Choiceguy:


"Wale" and his gang wants to delist at 7

That N7 offer price for Oando will never succeed! I am ready to fight a one man battle or war on that.
I am suspecting the least price would be the N16.50 that was achieved a few weeks ago (according to SEC rules) or a higher price if the price moves up in future before the relevant AGM to discuss the delisting.
If the shareholders reject the delisting and the company is able to weather the storm and remains afloat, a lot of people who bought at N4-N5 would make huge profits.

mikeapollo:


That N7 offer price for Oando will never succeed! I am ready to fight a one man battle or war on that.
I am suspecting the least price would be the N16.50 that was achieved a few weeks ago (according to SEC rules) or a higher price if the price moves up in future before the relevant AGM to discuss the delisting.
If the shareholders reject the delisting and the company is able to weather the storm and remains afloat, a lot of people who bought at N4-N5 would make huge profits.

Some who bought at those prices would have off loaded a chunk. Perhaps they are the ones booking some profits and creating the trade volumes.

BabsO2:


Some who bought at those prices would have off loaded a chunk. Perhaps they are the ones booking some profits and creating the trade volumes.

I doubt it sha... OANDO might not delist as planned and if they do it should be a WIN WIN situation for all until then...
If you want to build something just get a good unit of OANDO just Incase WALE becomes a nice guy

OANDO is a gamble

mikeapollo:


That N7 offer price for Oando will never succeed! I am ready to fight a one man battle or war on that.
I am suspecting the least price would be the N16.50 that was achieved a few weeks ago (according to SEC rules) or a higher price if the price moves up in future before the relevant AGM to discuss the delisting.
If the shareholders reject the delisting and the company is able to weather the storm and remains afloat, a lot of people who bought at N4-N5 would make huge profits.

I when 11 Plc delisted. They didn't use the highest. I think they used the average. If this was the rule, they apparently defaulted but I they explained that what they did was the right thing and no none queried them.

mikeapollo:


That N7 offer price for Oando will never succeed! I am ready to fight a one man battle or war on that.
I am suspecting the least price would be the N16.50 that was achieved a few weeks ago (according to SEC rules) or a higher price if the price moves up in future before the relevant AGM to discuss the delisting.
If the shareholders reject the delisting and the company is able to weather the storm and remains afloat, a lot of people who bought at N4-N5 would make huge profits.

You can't win insiders in their game, if they want to delist and minority investors frustrate the plan the minority investors will lose at the end of the day.


The best thing is to invest in shareholders centric businesses

Did any company pay dividend today?

Got a dividend-like alert with scanty description.

IYGEAL:
Did any company pay dividend today?

Got a dividend-like alert with scanty descriptiony.

Flour Mills paid last week Friday

It appears the merger of Dangote Sugar, Dangote Rice and NASCON will be concluded by the first quarter of 2024

Wale is an already a nice guy who flies around in his fleet of private jets financed by Oando. Those close to him know his game. Oando finances the lifestyle.

He may not delist tho so can push the price to 200 and then drop the rights issue and steal more. If delist then he sells to private investors at 200. In any case he wins.

Lol he may even delist ant 7 and then re-list at 200 and then kill the stock price back to n 2 and repeat again. Nse is a joke you know this.

If nse was a serious stock exchange then Oando will not be where it is maybe around 200.

megawealth01:


I doubt it sha... OANDO might not delist as planned and if they do it should be a WIN WIN situation for all until then...
If you want to build something just get a good unit of OANDO just Incase WALE becomes a nice guy

OANDO is a gamble

megawealth01:


I doubt it sha... OANDO might not delist as planned and if they do it should be a WIN WIN situation for all until then...
If you want to build something just get a good unit of OANDO just Incase WALE becomes a nice guy

OANDO is a gamble

Looking at trading volumes we plenty for the gamble.
Out of the 12billion shares of Oando outstanding, 2billion shares have been traded this year.

Stockbrokers, CSCS, Stock Exchange would have collected some nice fees out of the N16b traded value for Oando this year any which way it goes .

emmanuelewumi:
It appears the merger of Dangote Sugar, Dangote Rice and NASCON will be concluded by the first quarter of 2024

I was thinking it will come like a thief in the night this Q4

emmanuelewumi:



Flour Mills paid last week Friday

Got that one yesterday.

sboga:
Wale is an already a nice guy who flies around in his fleet of private jets financed by Oando. Those close to him know his game. Oando finances the lifestyle.

He may not delist tho so can push the price to 200 and then drop the rights issue and steal more. If delist then he sells to private investors at 200. In any case he wins.

Lol he may even delist ant 7 and then re-list at 200 and then kill the stock price back to n 2 and repeat again. Nse is a joke you know this.

If nse was a serious stock exchange then Oando will not be where it is maybe around 200.

OANDO might still get to 200 sha but the delisting thing is just the fears...

Wale selling it in future will surely be 200 minimum in whatever exchange rate he uses... In his own words about 98% or thereabout of OANDO funds are all in dollars

Yoast:

I was thinking it will come like a thief in the night this Q4

Anything can happen, we still have 6 weeks for the year to come to an end

emmanuelewumi:
It appears the merger of Dangote Sugar, Dangote Rice and NASCON will be concluded by the first quarter of 2024

I expect it before forbes rating for next year.Then the rabiu guy is making too much noise as per the value of his company in nse.Alhaji needs to expand the gap more in forbes rating via the marger and his refinery coming to production partially by December too
,

BabsO2:


Looking at trading volumes we plenty for the gamble.
Out of the 12billion shares of Oando outstanding, 2billion shares have been traded this year.

Stockbrokers, CSCS, Stock Exchange would have collected some nice fees out of the N16b traded value for Oando this year any which way it goes .

They will delist at 7 Naira.
They have acquired enough shares through proxies to vote yes to 7.
Those minority shares will be later sold at 200-300 Naira to FI’s
Trust King Wale

megawealth01:
OANDO might still get to 200 sha but the delisting thing is just the fears...

Wale selling it in future will surely be 200 minimum in whatever exchange rate he uses... In his own words about 98% or thereabout of OANDO funds are all in dollars

sboga:
They will delist at 7 Naira.
They have acquired enough shares through proxies to vote yes to 7.
Those minority shares will be later sold at 200-300 Naira to FI’s
Trust King Wale

I doubt the 7 naira delisting sha... I ARDOVA... Shareholders prevailed on them at the meeting to raise the price up a lil bit and they did

Oando! Oando!! Oando!!!
Just that those buying are not fools
Just that very soon, folks will seek for Oando and will not find it.
A season of great wind on Oando's back is coming!

megawealth01:
OANDO might still get to 200 sha but the delisting thing is just the fears...

Wale selling it in future will surely be 200 minimum in whatever exchange rate he uses... In his own words about 98% or thereabout of OANDO funds are all in dollars

98% of Revenue

Streetinvestor2:
I expect it before forbes rating for next year.Then the rabiu guy is making too much noise as per the value of his company in nse.Alhaji needs to expand the gap more in forbes rating via the marger and his refinery coming to production partially by December too
,

When is next Forbes rating

Mpeace:
See a typical Nigerian company delistment and compare this to that of GSK.
Union bank delistment started almost three years ago, and they are still planning for approval, before taking to management. They have not yet started talking about court ordered meeting.

The thing tire person.
When will we start doing it right and, what is NGX actually doing about this?

- UBN's exit has been going on for long and this is like the 3rd or 4th phase again!
*My question is: Which closure of date is this one to follow again?
Don't be surprised if the date is still the last one used in 2022.

bisiki2:
Good Day Madam,
Does it mean they will pay an additional 70 kobo?

We don't know yet.
They paid N7 ,the delisting letter says N7.70, so let's wait and hear from them on how they'll handle it at the Court Ordered meeting.