NewStats: 3,264,081 , 8,182,536 topics. Date: Monday, 09 June 2025 at 03:18 PM 3w1v2g6z3e3g |
Nigerian Stock Exchange Market Pick Alerts (13154408 Views)
tayejay(m): 8:25pm On Nov 26, 2024 |
chimex38: 9:05pm On Nov 26, 2024 |
megawealth01: 9:41pm On Nov 26, 2024 |
Agbalowomeri: Which refinery? ![]() |
bovali(f): 11:51pm On Nov 26, 2024 |
chimex38: 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. 1 Like |
chimex38: 12:54am On Nov 27, 2024 |
bovali: true..eee tey wey ee start. be like I forget. listed companies go soon enter sub 100. |
fungirl89(f): 3:40am On Nov 27, 2024 |
What's the best stock trading platform to buy and sell us stock
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yMcy56: 5:27am On Nov 27, 2024 |
Raider76: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. 2 Likes |
yMcy56: 5:42am On Nov 27, 2024 |
mikeapollo: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.... 2 Likes |
Yemy3m: 6:55am On Nov 27, 2024 |
.get oando now that it s available .this is huge
3 Likes |
Mpeace(m): 7:09am On Nov 27, 2024 |
Yemy3m:Refinery. 1 Like |
4willer: 7:45am On Nov 27, 2024 |
You can try Trove that has proven to be efficient. We also have Bamboo, Chippercash, Yochaa and others. My two cents. . fungirl89: |
megawealth01: 7:45am On Nov 27, 2024 |
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 |
megawealth01: 7:47am On Nov 27, 2024 |
Seems today's discussion will be centered on Oando and Japaul ![]() |
Locotrader(m): 7:59am On Nov 27, 2024 |
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. 1 Like |
Omooloriredade: 8:12am On Nov 27, 2024 |
Yemy3m: No be attack o. Just an opinion which has no bearing on how the market will react to the news. So here goes: ![]() ![]() ![]() 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. 8 Likes 1 Share |
megawealth01: 8:25am On Nov 27, 2024 |
Omooloriredade: E go hard to beat Wale in this game ![]() 1 Like |
Raider76: 8:43am On Nov 27, 2024 |
megawealth01: No you can't. But if people confirm that they are getting Oando shares for free, ego hard to stop the bull 3 Likes |
KarlTom: 8:45am On Nov 27, 2024 |
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: 1 Like |
megawealth01: 9:00am On Nov 27, 2024 |
Raider76: Na why you can't beat him. E go carry una high jump first as none can hold him what you thought he meant ![]() 1 Like |
megawealth01: 9:01am On Nov 27, 2024 |
KarlTom: The abracadabra long gaan sef ![]() |
designking: 9:05am On Nov 27, 2024 |
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. 1 Like |
Sunrisepebble: 9:25am On Nov 27, 2024 |
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
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GeeKudi: 9:36am On Nov 27, 2024 |
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: |
megawealth01: 9:37am On Nov 27, 2024 |
![]() designking: |
mikeapollo: 9:40am On Nov 27, 2024 |
GeeKudi: 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. 1 Like |
megawealth01: 9:41am On Nov 27, 2024 |
mikeapollo: Is it owing Oando? ![]() |
mikeapollo: 9:44am On Nov 27, 2024 |
megawealth01: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. 1 Like |
megawealth01: 9:48am On Nov 27, 2024 |
mikeapollo: Wale go game us soon ![]() 1 Like |
megawealth01: 9:49am On Nov 27, 2024 |
My own is let him continue his games until my gambles enter $1/1 on Oando ![]() |
KarlTom: 9:52am On Nov 27, 2024 |
1 Like |
mikeapollo: 9:53am On Nov 27, 2024 |
megawealth01: Please explain ''game us soon''! I don't joke with your words, so please help me understand better. |
Princkez: 9:53am On Nov 27, 2024 |
megawealth01:I stand with you...$1 |