NewStats: 3,264,388 , 8,183,579 topics. Date: Tuesday, 10 June 2025 at 09:08 PM 296e1z6z3e3g |
Nigerian Stock Exchange Market Pick Alerts (13162355 Views)
mikeapollo: 9:56pm On Nov 27, 2024 |
megawealth01: You seem to know Wale and Oando too well! And Wale seems to be taking advantage of his uncle, the useless and clueless president, to play this fast one. How I wish I will have time to attend the AGM and ask them tough questions with other shareholders. |
chimex38: 9:58pm On Nov 27, 2024 |
ositadima1:Welldone..Though I didn't . How is OandO E&P Holdings limited owing->7bn and its subsidiary: OandO E&P Limitd (I suppose) owing->33.7bn. Shldnt the entire Holding owe more than the individual subsidiary? I may be wrong sha. Maybe it doesn't work that way. |
HesInMe: 10:10pm On Nov 27, 2024 |
Give back ke? A chuck of those receivables are owed to Oando plc by companies he owns or controls. "Giving back" would be settling his gbese in full. Instead, what he seems to be planning is to give Oando plc (and us minority shareholders) equity worth less than the face value of the receivables he owes us. If that is the game, this is robbery by another name. Look at the proposed resolution. There is a reason the majority shareholders are abstaining. They stand to benefit from the deal. BabsO2: 3 Likes |
megawealth01: 10:27pm On Nov 27, 2024 |
mikeapollo: Can a leopard change his skin? |
megawealth01: 10:28pm On Nov 27, 2024 |
ghm: Congratulations |
Omooloriredade: 10:33pm On Nov 27, 2024 |
HesInMe: Just in case you missed the first part of my post. I started by asking what was huge in the announcement? Investors can not make informed decisions based on the info provided. Have a read of my questions again. The part you quoted is "for benefit of doubt". What would you say if management already considered some of the questions posed and have answers to them? Striking a balance in your analysis especially when you don't have all the facts is a good practice. I am in no way deluded about a special dividend being handed out. No cash payment is proposed. I have always maintained and even opined in the post you quoted that Oando should focus on paying off debts before anything else. However, management proposal could be a reward of some sort even though the ultimate goal is an ing abracadabra. Balance sheet makeover. My questions already addressed the reward........what is my gain if I can't monetise it? So please read my post very well. Pretty sure I covered most of the issues if not all based on the available information at our disposal. As for the Asset rich entities, again we don't have enough information to make a determination. Hence the reason I started with IF, again condition for it to be considered a positive. I don't know if it is. If you were wondering if it is possible for an asset rich entity to struggle with payment yes, it is. I recall quite a few gas-powered Gencos struggled with settling their debt to the Gas suppliers at a time because Discos were unable to pay them for energy supplied. The system was so broken the FG had to step in (possibly a problem they can't be absolved of in the first place). Not going into the details of what they did or if it resolved the issues. That's another long story. Also, some JV partners in O&G are well known to struggle with meeting cash calls yet they own appreciable Working Interest in lucrative oil blocks. It could just be sheer mismanagement or inidividual management prioritisation of capital allocation may not align with JV interests. Look up NAOC vs Oando debt case that only got resolved as part of the acquisition. Summarily, read my post again. I tried to be as balanced as possible. I didn't go off maybes. My thoughts are based on announcements released by the company and annual reports. 2 Likes |
megawealth01: 10:40pm On Nov 27, 2024 |
![]() Omooloriredade: |
Omooloriredade: 10:41pm On Nov 27, 2024 |
mikeapollo: No it doesn't work that way. While preparing report for Q3, all business transactions for that quarter will be reported. Also, note that Oando takes over the assets and liabilities of NAOC so results will be consolidated eventually. If I buy your business, I buy everything you own including your balances, debt or liabilities, everything except anything that was already excluded in the negotiations. Next year, after the consolidation, Q1, Q2 that were standalone in 2024 will be restated in 2025 quarterly reports. Disclaimer - I no be ant o but this is my understanding of how things work. |
Omooloriredade: 11:00pm On Nov 27, 2024 |
Final thoughts on this Oando announcement. As far Oando is concerned, this debt for equity swap is no biggie. They have been doing it for years except you have not been reading their annual reports. The only thing that is different now is the pro rata allocation of the shares of these UNKNOWN entities to existing Oando shareholders. @Mike please note no where did the announcement mention a cash consideration. The shares in the entity will be distributed according to your percentage holding in Oando shares (in layman's otherwise look up pro rata). Ideally, an email or letter should be sent to all existing shareholders prior to the AGM. That's the only sensible thing to do. How do I vote or instruct my proxy to vote if I'm not there and you did not already provide details? |
megawealth01: 11:04pm On Nov 27, 2024 |
mikeapollo: The AGM is a yes man thing as the shareholders association in Nigeria seems not to be working to put these companies in check or on their toes |
mikeapollo: 3:28am On Nov 28, 2024 |
Omooloriredade:An entity can only recognise revenues coming from what actually belongs to it. NAOC officially became part of Oando around third or fourth week in August, 2024, hence they can only reflect the revenues from that acquisition date up to 30 Sep in their Q3 2024 results. 1 Like |
Omooloriredade: 5:24am On Nov 28, 2024 |
mikeapollo: I see. Makes sense. Not contesting your position. I'm not making sense any longer sef so make I rest small. ![]() |
emmanuelewumi(m): 5:43am On Nov 28, 2024 |
So many red flags
9 Likes 3 Shares |
megawealth01: 6:52am On Nov 28, 2024 |
emmanuelewumi: Red flags where? ![]() We are expecting unbundling joor. Abeg no pour sand sand for our garri ![]() Will a leopard change his skin? Lawyers handling oil related business eh ![]() |
jonnysessy(m): 7:13am On Nov 28, 2024 |
emmanuelewumi: Lets change that red flag to white because we have surrendered to the whims and caprices of Oga Wale. Nobody knows what to expect at the AGM. I really don't know why things can't be made as simple as possible, without ambiguous thesis. 2 Likes |
Raider76: 7:42am On Nov 28, 2024 |
Looks like we are back where we started Omooloriredade: |
Omooloriredade: 7:55am On Nov 28, 2024 |
Raider76: Maybe more information will be released/mailed/emailed to shareholders next week?? Not making excuses for Oando o. Just trying to reason the matter. 2 Likes |
megawealth01: 7:58am On Nov 28, 2024 |
jonnysessy: You dey wyne? Don't offend the law ![]() |
Raider76: 8:20am On Nov 28, 2024 |
emmanuelewumi: Oando is definitely not a Warren Buffet stock. But we JIJO people do just fine. 1 Like |
KarlTom: 9:15am On Nov 28, 2024 |
Ocean and Oil Olawale and Omamofe Over and Out ... ![]() 3 Likes |
megawealth01: 9:16am On Nov 28, 2024 |
Raider76: Are you a gamer? ![]() |
megawealth01: 9:17am On Nov 28, 2024 |
The current reality of taxation in the UK
2 Likes 1 Share |
GeeKudi: 9:24am On Nov 28, 2024 |
So, the summary (I wanted to say conclusion, but more may still come ![]() Hopefully, the company will take steps to clear shareholders' confusion. Omooloriredade: 1 Like |
KarlTom: 9:29am On Nov 28, 2024 |
The caption is incorrect. The higher you climb, the more you pay. The cleaner earning £25,000 p.a. is the one working harder not the manager/executive on £300,000 p.a. ![]() megawealth01: 2 Likes |
megawealth01: 9:32am On Nov 28, 2024 |
KarlTom: No wahala |
Raider76: 9:33am On Nov 28, 2024 |
megawealth01: Yuuup |
megawealth01: 9:34am On Nov 28, 2024 |
GeeKudi: Seems you didn't follow up the last AGM. Wale played everyone in that AGM. The game is rugged in the game ![]() |
megawealth01: 9:34am On Nov 28, 2024 |
Raider76: 9:45am On Nov 28, 2024 |
megawealth01: Looking forward to it |
Sunrisepebble: 9:47am On Nov 28, 2024 |
Pa Emma, you yourself stated that we can make money from stocks without fundamentals, when you used the state of matter metaphor. I dont think anyone buying Oando is looking for fundamentals. emmanuelewumi: 3 Likes |
megawealth01: 9:54am On Nov 28, 2024 |
You don enter ![]() Sunrisepebble: |
KarlTom: 10:00am On Nov 28, 2024 |
Dingg ![]() 3 Likes |
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