NewStats: 3,261,496 , 8,174,173 topics. Date: Thursday, 29 May 2025 at 12:34 PM 18925

OandO. -2.84%
ETERNA. +9.88%
CONOIL. ±
ARADEL. +10.00%

massive selloff?

designking:

I swear... Wale run AGM, investors hit am with massive selloff.

Many felt investors didn't interprete the messages from the AGM properly but the truth is that investors are indifferent about this Oando. They are not just interested at the moment.

Even with the great ENI AGIP assets they acquired, they can't still raise the company from it ashes. The management team at Oando are politicians.

Aradel share price was seriously hit after listing on the NGX but they never ran to the media to weep up sentiment to sure up their share price. They maintained their cool and focused on growing their brand and today, they are back on winning ways.

Health3:

Time will tell

YES. Time is a worthy servant

GeeKudi:
I am not particularly sure there is anyone here who wants to listen to you to make investment decision. You say it white this moment , the next moment you change the colour to black.

If you want to speak, don't spread falsehood.
There was never and there has not been any sell off after the AGM.

Like I said, we will all be here to read a totally dofferent line of postulations from you sooner than later.

He wants to load up 20k units so he thinks negatives from him will drag it down

I don't communize people's investments sha but you shouldn't be doing this because of 20k. I wonder what he will do if he wants to load 20m?

RodgersAkpafu:


Yeaaaa
Aradel on the beat

PS.
I don fly òut sha
met my targeted profit and packed my load

Till next year

ARADEL that I'm waiting for at my junction. W go definitely reach there... I'm patient with Mr Time

I have called this dude out before, he is got no clue what he talks about most times. a learner like me wey dey form as if he knows what he is talking about. Too rowdy

GeeKudi:
I am not particularly sure there is anyone here who wants to listen to you to make investment decision. You say it white this moment , the next moment you change the colour to black.

If you want to speak, don't spread falsehood.
There was never and there has not been any sell off after the AGM.

Like I said, we will all be here to read a totally dofferent line of postulations from you sooner than later.

ositadima1:
Background

Ansbury was involved in a dispute with Whitmore Asset Management Limited in 2019. This dispute led to Whitmore buying out Ansbury's interest in Ocean and Oil Development Partners Limited (OODP) as a full and final settlement.

The restructuring involves Whitmore transferring its 60% shareholding in OODP, equivalent to nearly 4.3 billion Oando shares, to Oando as settlement for a $325 million debt.

Share Restructuring

Shares Outstanding: 12.4 billion

Therefore, 4.3 billion shares, or 34.68%, will be equally distributed to other shareholders.

The remaining 65.3% will now represent 100% of the equity.

As a result, 1 share post-restructuring increases to:
100% / 65.3% = 1.53.

This means 1 share becomes equivalent to 1.53 shares, or approximately 3 shares for every 2 shares.

Due date

An amendment to the share distribution plan was approved during the AGM, requiring Oando to provide a five-day notice to shareholders before any distribution occurs.

Thank you.

This part is wrong: ...or approximately 3 shares for every 2 shares...

1 share becomes equivalent to 1.53...

"Therefore, every share gained 0.53, which is equivalent to 0.53 shares for every share held, or, removing the fraction, 1 share for every 2 shares held."

Thanks again...

Micheal Boulous is a son of Massad Boulous who is the ceo of SCOA. Micheal B is the husband of Lara Trump. Trump won the election Nov 2024. Massad Boulous has been appointed as the senior adviser on Arab and Middle Eastern affair to president elect Trump. That could be the reason SCOA is getting the attention.

yMcy56:

I always believe every stock have it's own time sha. Patience is koko like you said.
See abandoned SCOA for instance.....
It's been resuming on full bid for more than a week now.... unfortunately, those owning it already gave up I guess.......some won't even know whether it's still listed on NGX again self.
Mr. Market is not anyone's mate ......in someone's voice, can't who now

ositadima1:


This part is wrong: ...or approximately 3 shares for every 2 shares...

1 share becomes equivalent to 1.53...

"Therefore, every share gained 0.53, which is equivalent to 0.53 shares for every share held, or, removing the fraction, 1 share for every 2 shares held."

Thanks again...

is it not the same thing if you attach a figure to the share held eg 100 units. Na still 50 additional be dat

Megapower:
Micheal Boulous is a son of Massad Boulous who is the ceo of SCOA. Micheal B is the husband of Lara Trump. Trump won the election Nov 2024. Massad Boulous has been appointed as the senior adviser on Arab and Middle Eastern affair to president elect Trump. That could be the reason SCOA is getting the attention....

Thanks..
I read similar thing few days ago, that the CEO is an in-law to Trump.
Hopefully he will come and pump enough fund in form of investment into the biz.
The stock has been on full bid since the announcement.

ositadima1:
This part is wrong: ...or approximately 3 shares for every 2 shares...

1 share becomes equivalent to 1.53...

"Therefore, every share gained 0.53, which is equivalent to 0.53 shares for every share held, or, removing the fraction, 1 share for every 2 shares held."
Thanks again...

Osita, the resolution mentioned something like "or cash consideration" , though I want to believe cash couldn't be an option since Wale himself commented against it.
The Board will analyze this critically I Blvd.

Make dem sha no fumble because enemies plenty wey dey wish the distribution fails. 😁

Streetinvestor2:
is it not the same thing if you attach a figure to the share held eg 100 units. Na still 50 additional be dat

Not the same thing. A 3-for-2 means 150 units for every 100 held, while a 1-for-2 means 50 units for every 100 held. I was doing the calculation around 2 a.m. or so, with dirty eyes.

yMcy56:

Osita, the resolution mentioned something like "or cash consideration" , though I want to believe cash couldn't be an option since Wale himself commented against it.
The Board will analyze this critically I Blvd.

Make dem sha no fumble because enemies plenty wey dey wish the distribution fails. 😁

If the distribution happens at this ratio.Nobi small Christmas bonanza for people with better quantity. This would have taken care of dividend of some past yrs not declared,lol

ositadima1:


Not the same thing. A 3-for-2 means 150 units for every 100 held, while a 1-for-2 means 50 units for every 100 held. I was doing the calculation around 2 a.m. or so, with dirty eyes.

ok..I was seeing it differently. I felt you will still end up with 150 units in both ratio.The first will amount to 250 units. Na die this 250 own for be lol.
People no dey understand watin bonus fit do to your portfolio valuation if after it is allotted and it doesn't crash the SP .It will make your portfolio look like blood money eg ucap bonus

yMcy56:

Osita, the resolution mentioned something like "or cash consideration" , though I want to believe cash couldn't be an option since Wale himself commented against it.
The Board will analyze this critically I Blvd.

Make dem sha no fumble because enemies plenty wey dey wish the distribution fails. 😁

It is done and dusted; the shareholders have already voted in favor of the resolution. The big man even explained that other shareholders will go from 42% to 65%, and the majority shareholder from 23% to 35% or so. This gives more power to the minority, hence his mention that the takeover will not work after this.

They will not pay money, and if they do, who will inherit the shares? This would mean the management still has the intention to buy out.

Designking will get his 2.5 million guaranteed. 👍

megawealth01:


ARADEL that I'm waiting for at my junction. W go definitely reach there... I'm patient with Mr Time

My investment philosophy is always when I reach my profit margin, I fly out......
That's why

ositadima1:


It is done and dusted; the shareholders have already voted in favor of the resolution. The big man even explained that other shareholders will go from 42% to 65%, and the majority shareholder from 23% to 35% or so. This gives more power to the minority, hence his mention that the takeover will not work after this.

They will not pay money, and if they do, who will inherit the shares? This would means the management still has the intention to buy out.

Desiking will get his 2.5 million guaranteed. 👍

Because of you, I go go buy the 20,000 units I initially plan adding...Your confidence dey encourage me.

But I hope Wale no go shame us.... This whole thing look too easy but I am surprised the market is not seeing this huge short term returns.

Oando may not move well until its numbers and share distribution become clear. Or until a market mover understands it better and swoops in. Mr Time will bring clarity to the investment value of Oando, Aradel & Seplat and Mr Market will adjust Oando price up. Mr Time has the final say on how high up. This thread has a market valuation of Oando in solid 3 digits above N 170. Patience is key for this Oando parry.

BabsO2:
Oando may not move well until its numbers and share distribution become clear. Or until a market mover understands it better and swoops in. Mr Time will bring clarity to the investment value of Oando, Aradel & Seplat and Mr Market will adjust Oando price up. Mr Time has the final say on how high up. This thread has a market valuation of Oando in solid 3 digits above N 170. Patience is key for this Oando parry.

I like this sound of this. ₦100 is enough for me.

designking:


Because of you, I go go buy the 20,000 units I initially plan adding...Your confidence dey encourage me.

But I hope Wale no go shame us.... This whole thing look too easy but I am surprised the market is not seeing this huge short term returns.

If you refused or failed to believe or trust Wale and Oando management after resolutions have been ed at a statutorily santioned AGM, but you now change your mind because of what you read on this forum in a minute, then you must have some perculiar issue.
The wind blows for a second and your mind changes up and down with the wind! Incredible!

designking:

I like this sound of this. ₦100 is enough for me.

Mr Time and patience is very important. As it may happen quickly or it may be delayed. But the probability of it happening is far higher now following the last AGM. Once SHF is positive coast will be very clear for uptake by investors. Patience may be needed.

Megapower:
Micheal Boulous is a son of Massad Boulous who is the ceo of SCOA. Micheal B is the husband of Lara Trump. Trump won the election Nov 2024. Massad Boulous has been appointed as the senior adviser on Arab and Middle Eastern affair to president elect Trump. That could be the reason SCOA is getting the attention.

Michael Boulous is the husband to Tiffany Trump, the daughter of President Trump.

Lara Trump is the wife to Eric Trump, the son of President Trump.

Do amend it.

mikeapollo:


Thank God Oando was not listed among them! The noise would have been..............!

This one really crack me up.

I meant to write Tiffany not Lara.

Lara is always in the news for some reason

Thanks for the correction

essentialone1:


Michael Boulous is the husband to Tiffany Trump, the daughter of President Trump.

Lara Trump is the wife to Eric Trump, the son of President Trump.

Do amend it.

currentprice:
meanwhile those missed Aradel because of those saying it will fall to around N250 should not feel bad. plenty opportunities go come and this will be a lession. Do your DD to the stock you eyeing and look less of what pple saying.

i miss seplat too at 150 because of this

DCA is the way.

This is what my stock broker just sent me about the Oando bonus or reward.

The issue of the share bonus now has a double edge sword, depending on what strategy the management feels best. It would either come inform of cash reward or the script issue (bonus) shares.

Going by the narrative during the AGM, shareholders the cash reward as to the preferred bonuses, which to me is good compared to share bonuses which might indirectly spur excess supply by minority shareholders on the short run.

Ok

:
This is what my stock broker just sent me about the Oando bonus or reward.

RodgersAkpafu:

My investment philosophy is always when I reach my profit margin, I fly out......
That's why

Congratulations bro 🎉

designking:

I like this sound of this. ₦100 is enough for me.

I hope to to tell you to sell at 100 because E go an soon?

megawealth01:


Congratulations bro 🎉

Thanks

BabsO2:


Mr Time and patience is very important. As it may happen quickly or it may be delayed. But the probability of it happening is far higher now following the last AGM. Once SHF is positive coast will be very clear for uptake by investors. Patience may be needed.

May ke? Patience must happen

designking:
This is what my stock broker just sent me about the Oando bonus or reward.

If is it true that shareholders actually expressed preference for cash payment, then it shows how shareholders could sometimes undermine their own interest.
What was the value or price that was agreed or placed on each share?
So what happens if Oando management adopts a particular value per share to pay cash to the shareholders and then the share price on the NGX jumps higher the following day or week?