NewStats: 3,261,253 , 8,173,525 topics. Date: Wednesday, 28 May 2025 at 04:58 PM 243p63

megawealth01:

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

I am just regretting why I didn't buy the 20,000units today. I pray Oando does not announce the share bonus/redistribution details tomorrow.

I need to load 50k units tomorrow.

mikeapollo:


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?

And I asked him this:

But how does Oando get the huge cash bonuses given that there are money issues with the company. Also what happens to the shares the debtors are using as a form of repayment for their debts?

A share bonus would have been the best workable plan

designking:


I am just regretting why I didn't buy the 20,000units today. I pray Oando does not announce the share bonus/redistribution details tomorrow.

I need to load 50k units tomorrow.

You this guy

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

I raised the cash distribution up the other day na just that I ignore a lot of posts by several persons here because I chose to

megawealth01:


Wale said "distribution" na Wale I follow nobi any other person. He even said he go dey share us billions yearly

....

Nahco went on full bid today. My #1 source has been marketing it to me now for months and I’m still yet to buy. They did a facts behind the figures this week and they’re projecting 71bn revenue next year and 300bn (seems unrealistic tho) in 5 years

megawealth01:


....

I just hope Oando will just stick to the share redistribution and ignore the cash payment option. Because the management or interested parties could use their influence (assuming) to get some market players to deliberately push the price lower e.g. N50 and pay cash to shareholders at that value, and then they mop up all the shares in the market again
Where would Oando get about N300b to pay sef?

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 mean the management still has the intention to buy out.

Designking will get his 2.5 million guaranteed. 👍

Correct. Absolutely!

Like play, like play 2024 has finished and no news about DangRice.

The focus is on the refinery. China have come to play on his turf also. The merger might be off for a while

Any idea if Dangote rice is now operational ?

Xidget:
Like play, like play 2024 has finished and no news about DangRice.

Flourmill done settle people ooo.

Sunrisepebble:
The focus is on the refinery. China have come to play on his turf also. The merger might be off for a while

Any idea if Dangote rice is now operational ?

I know merger will take a while, but I was hoping that by now, news will be coming from operations of Rice

Oando AGM resolutions

designking:


I am just regretting why I didn't buy the 20,000units today. I pray Oando does not announce the share bonus/redistribution details tomorrow.

I need to load 50k units tomorrow.

Xidget:
Make Chams and Transcorp this movement o. It's long overdue.

Amen o this one that it is transcohot that is moving

Payunsin:


I beg make Dem wait for me ooo.
I don load small, but wan add my ₦1.80
aiico loot

What makes you set that as the TP for AIICO?

On the last Oando 9m report breakdown below by me -

Between sept/2024 and sep/2023 revenue increased by 35%, gross profit increased by 112%, gross margin increased by 2%, cash and cash equivalent increases by 143%, retained earnings improved by 19%, it has more cash than debt which are all green flags
Operating profit reduced by 23% and margin by 4%, net profit reduced by 31% and margin by 2%, expenses increased by 96% yoy and margin by 3%, receivables increased by 322% which is a very big concern, inventory increased also by 296%, payable, short term debt, long term debt, other long term liabilities all increased by 184%, 115%, 303%, 267%, debt to equity also increased by a big margin, it is having a slight deteriorating balance sheet, a massive free cash flow deterioration which are all red flags
3m EBT is negative 14b plus
and 9m EBT is 31b, a 45b tax credit was added to make the net profit 76b.
Another concern is the huge and widening difference between net income and free cash flow. It is meant to be converging with positive net income rather widening.

I don’t know if there was another meeting where the issue of cash was discussed, but at the AGM which I followed online, there was no discussion whatsoever if shareholders would prefer money to the anticipated shares.
The phrase “or cash equivalent” was mentioned by the attendee who raised the amendment to the initial motion and the motioned was adopted.
From my understanding, it was only a matter of framing a legal sentence when the mover said “the distributed shares or its cash equivalent”. I don’t think this should bother anyone at all as to form a topic here.

And in any case, if there is the concern that the board of directors may want to exploit this phrased as contained in the resolution to pay cash in lieu of the anticipated shares, where would they get the money from? And, who will inherit the retrieved shares if this is done?

Have you guys forgotten that the shares are being retrieved as payment from a debtor shareholder who couldn’t settle his debt with cash? Or, have we forgotten that OANDO itself is under some massive debts? If they have the cash to dash out so freely, why wouldn’t they use the money to at least settle part of the debt.

Cash settlement is not an issue at all and I don’t know where the people raising the topic here are getting it from.

mikeapollo:


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?

freeman67:
Flourmill done settle people ooo.

Confirmed. N86 per unit. No WHT

A vivid illustration of being tossed about by the wind and I don’t think any serious minded person should take any of your claims seriously.

designking:


I am just regretting why I didn't buy the 20,000units today. I pray Oando does not announce the share bonus/redistribution details tomorrow.

I need to load 50k units tomorrow.

GeeKudi:
I don’t know if there was another meeting where the issue of cash was discussed, but at the AGM which I followed online, there was no discussion whatsoever if shareholders would prefer money to the anticipated shares.
The phrase “or cash equivalent” was mentioned by the attendee who raised the amendment to the initial motion and the motioned was adopted.
From my understanding, it was only a matter of framing a legal sentence when the mover said “the distributed shares or its cash equivalent”. I don’t think this should bother anyone at all as to form a topic here.

And in any case, if there is the concern that the board of directors may want to exploit this phrased as contained in the resolution to pay cash in lieu of the anticipated shares, where would they get the money from? And, who will inherit the retrieved shares if this is done?

Have you guys forgotten that the shares are being retrieved as payment from a debtor shareholder who couldn’t settle his debt with cash? Or, have we forgotten that OANDO itself is under some massive debts? If they have the cash to dash out so freely, why wouldn’t they use the money to at least settle part of the debt.

Cash settlement is not an issue at all and I don’t know where the people raising the topic here are getting it from.

They can pay you the nominal share value of 0.50k per share 😉

Xidget:
Make Chams and Transcorp this movement o. It's long overdue.

E remain to put them as prayer point. My 2nd and 3rd largest portfolio.

mikeapollo:


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?

What if the delinquent debtor changes mind and not want to part with any Oando PLC shares or the whole lot of shares and say this one wey you hold be for shirt through AGM I go pay back small small or in full. That means no more shares will be distributed but cash will be the way out (if debt paid back in full) or part shares part cash (if debt paid back in part). And the post AGM letter indicate either can happen somehow as the way forward is not cast in stone with its tone. Any way it goes the money written off from books will come back to the shareholder funds. Do you know if the written off amount is big enough to turn shareholder funds positive if written back ?

currentprice:


last year suggestion done and dusted na....

new suggestion is the fucus now

100%.

People like me are on the lookout for your next suggestions sir!

More importantly, I am learning from you and your likes, how to fish.

Merry Christmas!

I wouldn't bet on this. Axa Mansard is far more likely to be an acquirer or to recap on its own, potentially diluting existing minority shareholders. Its market capitalization is among the highest in the industry, and Axa, the French insurance giant, is a large strategic investor, with more than 75% of the shareholding.

Sunrisepebble:


... I spoke to someone who has done the analysis on the sector a few weeks back in case any M&A is to occur. AIICO, Leadway and Sanlam were in strong positions to be acquirers. Mansard was on his list of companies that could be acquired.

GeeKudi:
A vivid illustration of being tossed about by the wind and I don’t think any serious minded person should take any of your claims seriously

Wetin concern you? I don't give investment advice to anyone. I risk my own money and play the game how I deem it fit.

Stay on your lane. I usually don't like trading words with anyone but pls stop mentioning me in your posts.

Basic ing should suggest that the repayment of a debt that is already on the books should have no impact on shareholders' equity -- unless there are gains (or reversal of write-offs) arising from the repayment. That's unlikely, since the debtor in this case, Whitmore Asset Management, is owned by Tinubu and Co. That's how riddled with ethical issues this "deal" is.

BabsO2:


What if the delinquent debtor changes mind and not want to part with any Oando PLC shares or the whole lot of shares and say this one wey you hold be for shirt through AGM I go pay back small small or in full. That means no more shares will be distributed but cash will be the way out (if debt paid back in full) or part shares part cash (if debt paid back in part). And the post AGM letter indicate either can happen somehow as the way forward is not cast in stone with its tone. Any way it goes the money written off from books will come back to the shareholder funds. Do you know if the written off amount is big enough to turn shareholder funds positive if written back ?

I thought this as well on face value but what the person explained to me was that their issible shareholders equity will be less than the minimum capital requirement .

HesInMe:
I wouldn't bet on this. Axa Mansard is far more likely to be an acquirer or to recap on its own, potentially diluting existing minority shareholders. Its market capitalization is among the highest in the industry, and Axa, the French insurance giant, is a large strategic investor, with more than 75% of the shareholding.

No need to overthink this one. If one party owns three-quarters of a company, the only way that company gets acquired is if that party sells.

Sunrisepebble:
I thought this as well on face value but what the person explained to me was that their issible shareholders equity will be less than the minimum capital requirement .

HesInMe:
Basic ing should suggest that the repayment of a debt that is already on the books should have no impact on shareholders' equity -- unless there are gains (or reversal of write-offs) arising from the repayment. That's unlikely, since the debtor in this case, Whitmore Asset Management, is owned by Tinubu and Co. That's how riddled with ethical issues this "deal" is.

It is complicated... But they must find a way around it else this may destroy the trust current investors have on Oando and Wale.

Huh? The cash is $325 million, whether the share price is N10 or N10,000.

Dis kain one chance. I'll take the cash any day.

mikeapollo:


I just hope Oando will just stick to the share redistribution and ignore the cash payment option. Because the management or interested parties could use their influence (assuming) to get some market players to deliberately push the price lower e.g. N50 and pay cash to shareholders at that value, and then they mop up all the shares in the market again
Where would Oando get about N300b to pay sef?

Flour mills shareholders have been paid
N86 or so

Abeg anyone with information on wapco agm.
People with yeye multiple handles will just occupy pages of this thread with only oando matter. Abeg nobi only oando dey nse.