NewStats: 3,261,878 , 8,175,430 topics. Date: Friday, 30 May 2025 at 09:08 PM 2o5x1

Bro, anything on Wema this time?

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

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

Today's price action and for the rest of the year will reveal what's up.

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

There is no $1/1 on Oando anytime soon.

mikeapollo:


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

I no longer explain certain things but only code them

Watch!

Ding!!

JAPAUL

E don dey be

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.

Sorry to say, it is highly unlikely.

NNPC a state-owned corporation will settle debts to a private company by alloting shares in the corporation owned by Nigerians? Oando and Tinubu would be looking for trouble be that.

Disclaimer - Chai! For me, hard to reason am that way but anyway make we dey watch.

emmasoft:

Watch!

On which GoTv channel is this?

I hope Ellah lakes with the pigs rearing will benefit from this Brazilian investment.

https://www.msn.com/en-us/money/companies/brazilian-meatpacker-jbs-agrees-to-invest-2-5-billion-in-nigeria-build-six-factories/ar-AA1uwNrJ?ocid=BingNewsSerp

SAO PAULO (Reuters) - Brazilian meatpacker JBS said on Thursday it has signed a memorandum of understanding with Nigeria's government for a $2.5 billion investment plan in the African country, including the building of six new factories.

In a statement, JBS said three of the factories would deal in poultry, two in beef and one in pork.

Omooloriredade:


Sorry to say, it is highly unlikely.

NNPC a state-owned corporation will settle debts to a private company by alloting shares in the corporation owned by Nigerians? Oando and Tinubu would be looking for trouble be that.

Disclaimer - Chai! For me, hard to reason am that way but anyway make we dey watch.

It is not likely to be NNPC.
It is looking more to me like a related entity that already owns shares in oando that will give up its shares in exchange for its debt.
And everything is pointing to o and o.
It will be difficult to beat wale at his game, I fear companies being run by lawyers.

Aradel, finally

Ekuuu early move

Japaul & Neimeth

Omooloriredade:
Sorry to say, it is highly unlikely.

NNPC a state-owned corporation will settle debts to a private company by alloting shares in the corporation owned by Nigerians? Oando and Tinubu would be looking for trouble be that.

Disclaimer - Chai! For me, hard to reason am that way but anyway make we dey watch.

Seems you forgot these guys are at the helms of affairs of NNPCL for now...
We see how it all plays out

Port Harcourt Refinery’s Petrol Price Higher Than Dangote’s By ₦75/ltr — PETROAN

https://www.channelstv.com/2024/11/27/port-harcourt-refinerys-petrol-price-higher-than-dangotes-by-

Sunrisepebble:
Aradel, finally

The seller don drop the price again...
-10%

Prestige
Na fuk up if you no step to #1 today.
Can we make it?

pluto09:


It is not likely to be NNPC.
It is looking more to me like a related entity that already owns shares in oando that will give up its shares in exchange for its debt.
And everything is pointing to o and o.
It will be difficult to beat wale at his game, I fear companies being run by lawyers.

Fear well ooooo. Las las na only Wale go win this game. Nobody should quote me ooooo

My ogas in the house I get one money wey I no use now abeg which stock should a novice like me invest on with good prospect in the shortest time. Thanks for your kind response.

Makanjuola89:
My ogas in the house I get one money wey I no use now abeg which stock should a novice like me invest on with good prospect in the shortest time. Thanks for your kind response.

As a novice the best advice is read this thread carefully from page one upto date so you can be informed at least the basis on the journey you are about to begin

Three poultry factories? Livestock on my mind.

BabsO2:
I hope Ellah lakes with the pigs rearing will benefit from this Brazilian investment.

https://www.msn.com/en-us/money/companies/brazilian-meatpacker-jbs-agrees-to-invest-2-5-billion-in-nigeria-build-six-factories/ar-AA1uwNrJ?ocid=BingNewsSerp

SAO PAULO (Reuters) - Brazilian meatpacker JBS said on Thursday it has signed a memorandum of understanding with Nigeria's government for a $2.5 billion investment plan in the African country, including the building of six new factories.

In a statement, JBS said three of the factories would deal in poultry, two in beef and one in pork.

JAPAULGOLD and jijoist are like 5 & 6

Hahaha...thank you sir

megawealth01:


As a novice the best advice is read this thread carefully from page one upto date so you can be informed at least the basis on the journey you are about to begin

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?
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.

Oando go turn so many people into Professor last last. See detailed analysis. Well Done

This is not the right question and we have been seeing questions like this quite often now.

The first thing you need to do is to acquire education. You need to learn the business and be your own boss.
The short cut you are seeking for can only lead to regret.

Makanjuola89:
My ogas in the house I get one money wey I no use now abeg which stock should a novice like me invest on with good prospect in the shortest time. Thanks for your kind response.

Ginalex:
JAPAULGOLD and jijoist are like 5 & 6

There seems to be an entity that's still doing cross deals at cheaper price, an offloader and a pickup entity.....
They seems to be the one crashing the price....
Those single 50m units crossing can't be from Jijoists...

The available offers being cleared up as well....

This market, the more you look, the less you see.....game on....😁

Omooloriredade:


Sorry to say, it is highly unlikely.

NNPC a state-owned corporation will settle debts to a private company by alloting shares in the corporation owned by Nigerians? Oando and Tinubu would be looking for trouble be that.

Disclaimer - Chai! For me, hard to reason am that way but anyway make we dey watch.

I totally agree with you on this. i dont see the practicality. This is leg deep in national politics and i doubt if it can be pulled through

megawealth01:


Fear well ooooo. Las las na only Wale go win this game. Nobody should quote me ooooo

A time to take and a time to give back. Time to give back to shareholders I bet. And so it has been from the lows of single digit price with the buyout thrown out the window.

Anyone trying out Japaul must quickly realize this or get burnt.

Ginalex:
JAPAULGOLD and jijoist are like 5 & 6

BabsO2:
A time to take and a time to give back. Time to give back to shareholders I bet. And so it has been from the lows of single digit price with the buyout thrown out the window.

Exactly
I hope this Wale guy surprise and disappoint many naysayers.
They said more than that about Tony as well.

GeeKudi:
This is not the right question and we have been seeing questions like this quite often now.

The first thing you need to do is to acquire education. You need to learn the business and be your own boss.
The short cut you are seeking for can only lead to regret.

He was simply asking which stock he could buy. You may kindly oblige him or leave the question for another to answer.
Recall that many of us started investing when we used to submit our funds to brokers.
So there is nothing wrong with what he asked for.

yMcy56:

There seems to be an entity that's still doing cross deals at cheaper price, an offloader and a pickup entity.....
They seems to be the one crashing the price....
Those single 50m units crossing can't be from Jijoists...

The available offers being cleared up as well....

This market, the more you look, the less you see.....game on....😁

Funny thing is, I have 2 s especially on this Japaulgold matter. One strictly for trading, the other is for investing... Make I benefit from both sides... December wedding no cheap ... E no go bad make I cash out small