NewStats: 3,265,122 , 8,185,734 topics. Date: Friday, 13 June 2025 at 02:47 PM 5643o

https://nairametrics.com/2024/11/26/notore-chemical-announces-kwararafa-africas-offer-to-acquire-shares-held-by-minority-shareholders/

tayejay:
https://nairametrics.com/2024/11/26/notore-chemical-announces-kwararafa-africas-offer-to-acquire-shares-held-by-minority-shareholders/

haaa. Na delist ?

Agbalowomeri:
At least if they can use anti-Dangote beef to make the refineries work, Nigerians go benefit

Which refinery?

chimex38:

haaa. Na delist ?

If you pay attention, you would know they have been on it for a while. We are just quick to forget. Current market cap is 250bn but Etuh, Danjuma acquire Notore Chemical for $150m (262.5bn at 1750). https://businessday.ng/news/article/etuh-danjuma-acquire-notore-chemical-for-150m/

All this after eroding shareholder equity.

bovali:


If you pay attention, you would know they have been on it for a while. We are just quick to forget. Current market cap is 250bn but Etuh, Danjuma acquire Notore Chemical for $150m (262.5bn at 1750). https://businessday.ng/news/article/etuh-danjuma-acquire-notore-chemical-for-150m/

All this after eroding shareholder equity.

true..eee tey wey ee start.
be like I forget.

listed companies go soon enter sub 100.

What's the best stock trading platform to buy and sell us stock

Raider76:
Madam yMyc well done oo. I am not an ant, and I have similar questions with you. In addition I am actually confused with all the unfamiliar . I believe most shareholders that will be called upon to vote will be similarly confused. So I want to suggest that Oando publish or hold a "Facts behind the AGM" briefing, similar to that done for new listings. This will give opportunity for the company to explain what they really intend to do.

Well said.
They said it's lawyers that can interprete those not ant.

However, I think the term is somehow similar to "unbundling" but a bit different somehow....because the debtors have to come to agreement, either to pay with cash or shares.

Looks like "You owe me money thru my subsidiaries, you pay me with shares allotment, then I distribute the shares to my shareholders" kind of.

Let's wait for more breakdown of the in coming days....
* Above na Mcy's layman interpretation, may/may not be totally correct.

mikeapollo:
So, how would Oando distribute new shares to its existing shareholders, and then turn around to delist same shares in a short while within the same year? Na witchcraft dem want start to practice?
This could be the clearest indication that they are not delisting, if my interpretation is right.

If this works to the benefit of shareholders, then Year2025 go loud gaan!

Me I didn't see anything called delisting in the whole picture.
It's more about financial restructuring that won't make the company, O&O to create additional shares but still have shares from other companies owing them to be distributed to her shareholders.

Something similar to what UACN did the last time.
"Shares of UPDC and UPDC-REIT distributed to UACN shareholders in pro rata basis".

In this case, we don't know the companies that will be involved......maybe we start by knowing the subsidiaries and the companies involved first....

.get oando now that it s available .this is huge

Yemy3m:
.get oando now that it s available .this is huge

Refinery.

You can try Trove that has proven to be efficient. We also have Bamboo, Chippercash, Yochaa and others.

My two cents.
.

fungirl89:
What's the best stock trading platform to buy and sell us stock

Investors park cash in T-bills over real economy

https://businessday.ng/pro/article/investors-park-cash-in-t-bills-over-real-economy/#google_vignette

Seems today's discussion will be centered on Oando and Japaul

Eku Loco stocks 10% week

Japaul 10%
Neimeth 10%
Presige 10%

Chams inevitable move.one way Traffic⛔ loading.
Keep loading and loading and loading

Which other bull do we need on top of these ones?

God we bless your holy name.

Yemy3m:
.get oando now that it s available .this is huge

No be attack o. Just an opinion which has no bearing on how the market will react to the news. So here goes:

What is huge? Make we know first. The information in that annoucement is slightly insufficient to make a sound investment judgement. There's not enough meat on the bone.

Resolution 3 Summary:

* Related entities owe Oando subsidiaries in the course of doing business together.
* A special resolution is being proposed to have the debt owed transferred to Oando the parent company.
* Debt due date will be brought forward and renegotiated (with or without modifications).
* Further to above, Oando is proposing to have the debt settled by accepting shares in the debtor entities (i.e Debt for equity swap deal).
* The debt for equity swap is intended to help reduce the overall Trade receivables (not payables o) at the group level.
* Shares allocated from the debt to equity conversion is then distributed to existing shareholders of Oando on a pro rata-basis.

Questions:

1. Who are the related entities owing Oando subsidiaries?
2. What is the status of the financial health of these entities?
3. Why are they unable to settle their debt as and when due?
4. Trade receivables are revenue owed to a company from the sale of goods and services. Is buying shares in these onigbese companies the best use of company resources?
5. Can Oando reveal the related entities and if possible provide a brief summary of their financials so shareholders can make informed decisions before voting on these resolutions?
6. Would it be better to instigate an asset sale by these entities and the proceeds used to settle Oando loans or Trade payables?
7. Do these related entities pay dividend?
8. If not, are they listed on the NASD or NGX to provide an exit platform for shareholders should they decide to leave? Or at least convert their own portion of the shares to cash. Don't give me something I can't monetise.
9. Oando has quite a number of subsidiaries and related entities. Which ones are we talking about here?
10. Bonus question - Is there a subsidiary or related entity Wale and Boyo are not shareholders of? Hmm, Wale why are you not paying up for for good and services rendered?

Positive:

1. If the related entities are Asset rich but just suffering a temporary cash crunch.
2. Deal is done at favourable valuation for Oando shareholders i.e entity shares are not overpriced at conversion.
3. OODP (Wale and Boyo) will not be voting. Outcome lies solely in the hands of minority holders (same as the delisting in case anyone didn't know that).
4. Huge positive - converting trade receivables to shares in an asset rich company and transferring same to existing shareholders could be the company rewarding existing shareholders. Basically, the company is proposing to pay out a portion of its income to shareholders. A dividend of some sort. In a way, Question #4 could be a blessing even though Oando still needs to address its huge debt too.
5. Qualification date for this distribution is the date the resolution is ed. Note this one. 17/12.
6. The directors might be seeing light at the end of the tunnel, hence their decision to go this route. Otherwise, it shouldn't be the near-term course of action. Settle your own gbese first before thinking of rewarding shareholders (that is if it's a reward o. It might well be a curse especially if it could have been better spent for the overall good of the company and to reap the reward latter).

Disclaimer - My 2 kobo. My post could be grossly misleading so please DYOR. Not a recommendation to buy or sell Oando.

Omooloriredade:


No be attack o. Just an opinion which has no bearing on how the market will react to the news. So here goes:

What is huge? Make we know first. The information in that annoucement is slightly insufficient to make a sound investment judgement. There's not enough meat on the bone.

Resolution 3 Summary:

* Related entities owe Oando subsidiaries in the course of doing business together.
* A special resolution is being proposed to have the debt owed transferred to Oando the parent company.
* Debt due date will be brought forward and renegotiated (with or without modifications).
* Further to above, Oando is proposing to have the debt settled by accepting shares in the debtor entities (i.e Debt for equity swap deal).
* The debt for equity swap is intended to help reduce the overall Trade receivables (not payables o) at the group level.
* Shares allocated from the debt to equity conversion is then distributed to existing shareholders of Oando on a pro rata-basis.

Questions:

1. Who are the related entities owing Oando subsidiaries?
2. What is the status of the financial health of these entities?
3. Why are they unable to settle their debt as and when due?
4. Trade receivables are revenue owed to a company from the sale of goods and services. Is buying shares in these onigbese companies the best use of company resources?
5. Can Oando reveal the related entities and if possible provide a brief summary of their financials so shareholders can make informed decisions before voting on these resolutions?
6. Would it be better to instigate an asset sale by these entities and the proceeds used to settle Oando loans or Trade payables?
7. Do these related entities pay dividend?
8. If not, are they listed on the NASD or NGX to provide an exit platform for shareholders should they decide to leave? Or at least convert their own portion of the shares to cash. Don't give me something I can't monetise.
9. Oando has quite a number of subsidiaries and related entities. Which ones are we talking about here?

Positive:

1. If the related entities are Asset rich but just suffering a temporary cash crunch.
2. Deal is done at favourable valuation for Oando shareholders i.e entity shares are not overpriced at conversion.
3. OODP (Wale and Boyo) will not be voting. Outcome lies solely in the hands of minority holders (same as the delisting in case anyone didn't know that).
4. Huge positive - converting trade receivables to shares in an asset rich company and transferring same to existing shareholders could be the company rewarding existing shareholders. Basically, the company is proposing to pay out a portion of its income to shareholders. a dividend of some sort. In a way, #4 Q could be a blessing even though Oando still needs to address its huge debt too.
5. Qualification date for this distribution is the date the resolution is ed. Note this one. 17/12.
6. The directors might be seeing light at the end of the tunnel, hence their decision to go this route. Otherwise, it shouldn't be the near-term course of action. Settle your own gbese first before thinking of rewarding shareholders (that is if it's a reward o. It might well be a curse especially if it could have been better spent for the overall good of the company and to reap the reward latter).

Disclaimer - My 2 kobo. My post could be grossly misleading so please DYOR. Not a recommendation to buy or sell Oando.

E go hard to beat Wale in this game

megawealth01:


E go hard to beat Wale in this game

No you can't. But if people confirm that they are getting Oando shares for free, ego hard to stop the bull

Seems everyone is dropping some cents.
Let me also drop mine

One major reason why OandO is still being doubted is largely due to bad management of the loans which are being serviced with the meagre profit.

I recall dropping some SC of details of the Eni deal here. It showed that NNPCL is owing NAOC. Now OandO is due those 'receivables'

Maybe there are concrete plans to list NNPCL soon...

This still doesn't address the debts of OandO.

Omooloriredade:


No be attack o. Just an opinion which has no bearing on how the market will react to the news. So here goes:

What is huge?

Raider76:


No you can't. But if people confirm that they are getting Oando shares for free, ego hard to stop the bull

Na why you can't beat him. E go carry una high jump first as none can hold him what you thought he meant

KarlTom:
Seems everyone is dropping some cents.
Let me also drop mine

One major reason why OandO is still being doubted is largely due to bad management of the loans which are being serviced with the meagre profit.

I recall dropping some SC of details of the Eni deal here. It showed that NNPCL is owing NAOC. Now OandO is due those 'receivables'

Maybe there are concrete plans to list NNPCL soon...

This still doesn't address the debts of OandO.

The abracadabra long gaan sef

Whenever Oando step out for a big event like this... They have a game plan and the plan is usually to drive share prices high and placate shareholders.

On the short term, Oando share prices will rally up towards ₦80.

Oando insiders, pls is this news related to our Trinidad refinery. Before I go and load another 100k units. If it is just Q3 results then I don’t see how that will majorly impact the share price

I think the catch now is to know the entities being referred to in that notice and one would be able to decide if it would be worth it.

In any case, you can be sure that this uncertainty in itself would drive SP up coupled with the Q3 that is rumored to be released before the AGM.

Sunrisepebble:
Oando insiders, pls is this news related to our Trinidad refinery. Before I go and load another 100k units. If it is just Q3 results then I don’t see how that will majorly impact the share price

designking:
Whenever Oando step out for a big event like this... They have a game plan and the plan is usually to drive share prices high and placate shareholders.

On the short term, Oando share prices will rally up towards ₦80.

GeeKudi:
I think the catch now is to know the entities being referred to in that notice and one would be able to decide if it would be worth it.

In any case, you can be sure that this uncertainty in itself would drive SP up coupled with the Q3 that is rumored to be released before the AGM.

The newly acquired NAOC is one of the subsidiaries of Oando, and it has huge Receivables due it from NNPCL which is a t-venture partner, hence a related party to Oando.

mikeapollo:


The newly acquired NAOC is one of the subsidiaries of Oando, and it has huge Receivables due it from NNPCL.

Is it owing Oando?

megawealth01:


Is it owing Oando?

Yes, NNPCL owes Oando.

NNPCL owes NAOC.
NAOC is now a subsidiary of Oando, and NNPCL itself is also a related party (t venture partner) to Oando.

They want to consolidate all the inter-co receivables into the parent company, but that will also eliminate some inter-co payables as well.

mikeapollo:

Yes.
NNPCL owes NAOC.
NAOC is now a subsidiary of Oando, and NNPCL itself is also a related party (t venture partner) to Oando

Wale go game us soon

My own is let him continue his games until my gambles enter $1/1 on Oando

megawealth01:
My own is let him continue his games until my gambles enter $1/1 on Oando

megawealth01:


Wale go game us soon

Please explain ''game us soon''!
I don't joke with your words, so please help me understand better.

megawealth01:
My own is let him continue his games until my gambles enter $1/1 on Oando

I stand with you...$1