NewStats: 3,259,473 , 8,170,226 topics. Date: Sunday, 25 May 2025 at 08:03 AM 3z706l

mikeapollo:
That Wale is a smart guy man, I swear!
With this, he may be able to keep shareholders interest in Oando for at least 2 years. i.e. like interim and final dividends (in shares redistribution).

I guess you should understand more about this tranche distribution of a thing.....
It's in the interest of the share price and shareholders.....
Some shareholders complained about flooding the secondary market with shares if all is distributed at once, this must have been factored into the distribution, hence the spreading into tranches.
We ought to appreciate this I Blvd.
I expect you of all people to appreciate this gesture and this gentleman at least.

QUICK CALCULATION

Ratio 1 for 12 will mean 679,364,206 units (8,152,370,477 / 12) will be distributed in tranche 1 instead of the stated 641,856,301. That leaves a shortfall of 37,507,905 units.
If the above is not adjusted, the Tranche 2 might be 1 for 14[or 15]...

ojeysky:


And that 36 months is for 1st tranche, by the time they do the next tranche events would have overtaken the stuff. Wonderful!

No, the 36 months is for the redistribution of all the 4.2billion shares.
Phase 1 (1,283b shares) is for Tranche 1 (Feb2025, 641m shares) and Tranche 2 (Jun 2025, 641m shares)

Raider76:
But these shares belong to current shareholders TODAY. Is it ok for a company to hold shares belonging to shareholders and be giving them back in tranches over 3 years? This is different from dividends for which the company has to earn profits annually. Anyway these are my views, at the risk of being called an Oando hater by the powers that be here. I was holding since before the AGM, and I have now sold the news.

I am ok with how ever they want to redistribution it.I have converted to longer than 5 yrs investment. If he had decided not to redistribution and shareholders still get default in debt .what would you have done.All those bad loans banks wrote off in shareholders fund in the past yrs like fbn.what could you do.
He has done well in this one for shareholders. If he had gone ahead to delist at #7 plus .what would you have done.
When I see good I will appreciate

KarlTom:
QUICK CALCULATION
Ratio 1 for 12 will mean 679,364,206 units (8,152,370,477 / 12) will be distributed in tranche 1 instead of the stated 641,856,301. That leaves a shortfall of 37,507,905 units.
If the above is not adjusted, the Tranche 2 might be 1 for 14[or 15]...

Consequent ones might be lower than that...
It may be 1 new for 10 held.

I think we should make do with what is happening first and stop cracking brain about things to come.

How you dey read these things nau?
Calm down to understand the english written on that paper

ojeysky:


And that 36 months is for 1st tranche, by the time they do the next tranche events would have overtaken the stuff. Wonderful!

yMcy56:

I guess you should understand more about this tranche distribution of a thing.....
It's in the interest of the share price and shareholders.....
Some shareholders complained about flooding the secondary market with shares if all is distributed at once, this must have been factored into the distribution, hence the spreading into tranches.
We ought to appreciate this I Blvd.
I expect you of all people to appreciate this gesture and this gentleman at least.

And who says I don't understand or appreciate what has been done?
When we talk about issues, we should discuss both pros and cons, not just one side. That is how we educate each other.
What Oando has done now will benefit everybody, no one is disputing it.
But some shareholders were trying to ambush the company and expecting the whole distribution to be done at once, so that they could sell and dump which would have caused problems for the stocks on NGX, as many people could dump it after making huge sudden profits.
Oando is also spreading the redistribution as a form of periodic ''stock dividend'' in lieu because they know they may not be able to pay cash dividends in the next 2 or 3 years.
That is all I was saying

Streetinvestor2:
I am ok with how ever they want to redistribution it.I have converted to long than 5 yrs investment. If he had decided not to redistribution and shareholders still get default in debt .what would you have done.All those bad loans banks wrote off in shareholders fund in the past yrs like fbn.what could you do.
He has done well in this one for shareholders. If he had gone ahead to delist at #7 plus .what would you have done.
When I see good I will appreciate

Very apt. if you coming from zero and you get to 1 that is 100% gain though in absolute term it might look very small (base effect)


Wale is actually betting on the performance of the coy going forward. my reading is that tranche 1 wont be distributed until after June 30th (meaning distribution would be same 1 for 12) while tranche 2 of part 1 might not be distributed until end of FY 2025 hence each distribution would be acting like a dividend and will be timed to coincide with release of result.

hmmmmmmm. Cunny man die cunny man bury am

On second look, this will definitely cause a rally in OandO SP.

Tranche 1
Lagbaja has 300,000 units by QD 1(Feb 14). SP =₦75. Ratio is 1:12.
Lagbaja gets 25,000units (equivalent of ₦1,875,000). That's about ₦3 per share

Tranche 2
Lagbaja now has 325,000 units by QD 2(June 30). SP =₦85. Ratio is 1:15.
Lagbaja gets 21,666units (equivalent of ₦1,841,610). That's about ₦4 per share

Lagbaja now has 346,666units by QD 3 + ₦7 'DIV' in 2025...

Classic case of tying down and rewarding 'loyalists'

KarlTom:
No sir!

ALL 4,279,042,282 units are to be distributed within 36months

[img][/img][img][/img][img][/img][img][/img][img][/img][img][/img][img][/img][img][/img][img][/img] [center][/center]

mikeapollo:


I AM A FOOL

YES YOU ARE A FOOL

Over and Out

ARADEL. ±
CONOIL. ±
ETERNA. +9.96%
OandO. +2.26%

KarlTom:
On second look, this will definitely cause a rally in OandO SP.
Tranche 1
Lagbaja has 300,000 units by QD 1(Feb 14). SP =₦75. Ratio is 1:12.
Lagbaja gets 25,000units (equivalent of ₦1,875,000). That's about ₦3 per share

Tranche 2
Lagbaja now has 325,000 units by QD 2(June 30). SP =₦85. Ratio is 1:15.
Lagbaja gets 21,666units (equivalent of ₦1,841,610). That's about ₦4 per share

Lagbaja now has 346,666units by QD 3 + ₦7 'DIV' in 2025...

Makes sense.

Payunsin:
Na Cadbury I dey gamble on now oooo.
I no nothing about its fundermentals, I just believe it's yet to move n his time go come

That's GA

Streetinvestor2:
That is not what is on the news abeg

Testing testing, see several Oando folks come alive to correct me o
To all the "correctionist" thank you for fixing my English.

chimex38:

True.. No doubt
but here and there isnt in their numbers.

Pray it’s that small cloud, the beginning of abundant showers of blessings.

Wale

https://gazettengr.com/wale-tinubu-sues-peoples-gazette-demands-n1-billion-over-story-on-oandos-takeover-of-agip-nigerian-assets/

KarlTom:
On second look, this will definitely cause a rally in OandO SP.

Tranche 1
Lagbaja has 300,000 units by QD 1(Feb 14). SP =₦75. Ratio is 1:12.
Lagbaja gets 25,000units (equivalent of ₦1,875,000). That's about ₦3 per share

Tranche 2
Lagbaja now has 325,000 units by QD 2(June 30). SP =₦85. Ratio is 1:15.
Lagbaja gets 21,666units (equivalent of ₦1,841,610). That's about ₦4 per share

Lagbaja now has 346,666units by QD 3 + ₦7 'DIV' in 2025...

Classic case of tying down and rewarding 'loyalists'

watch out for institutional investors to take up remaining 3b units @#100 and cash realised to be distributed as special dividend to shareholders...#10 per share, When and how ...I don't know ooo

yMcy56:

If you've been following the history of OANDO, I think this should be a welcomed development to anyone.
It is a right step in the right direction.

Let's say current share price is 70 now
70/3 +70 = N93/100......should give us the new price range.....
Lol, make una no mind my shortcut calculations oooooh 😁
...but it's expected at that range or above as time goes on...😁
OANDO needs to move above 100.......time is what we don't know yet.

Yes around that price.if looked at like a share buyback or share reconstruction.

Princkez:
watch out for institutional investors to take up remaining 3b units @#100 and cash realised to be distributed as special dividend to shareholders...#10 per share

How do you mean?

mikeapollo:


How do you mean?

just hold on to your OANDO...

Princkez:
watch out for institutional investors to take up remaining 3b units @#100 and cash realised to be distributed as special dividend to shareholders...#10 per share

Many ways to skin the cat. Sounds like my xyz way. That way profitability will be accelerated as it is another way of recovering the original funds that was lost leading to the confiscation and redistribution of shares of the former delinquent shareholder.

But the redistribution is excellent as it appears management is confident the turnaround they have started will generate enough money to strengthen the balance sheet.

Sunrisepebble:
Wale

https://gazettengr.com/wale-tinubu-sues-peoples-gazette-demands-n1-billion-over-story-on-oandos-takeover-of-agip-nigerian-assets/

defamation and cyber bullying na crime according to police

Wale dey go through all publications in 2024 for all possible libel suit

Balance sheet creditors must be paid

Nvey2010:
[img][/img][img][/img][img][/img][img][/img][img][/img][img][/img][img][/img][img][/img][img][/img] [center][/center]
YES YOU ARE A FOOL

Please why should you hack and alter comments in my post?:
I did not type what you quoted ,unless there is someone else using the same moniker : ''mikeapollo"

I don't know who you are, but please desist from such acts!

Princkez:
just hold on to your OANDO...

Lol

Raider76:
But these shares belong to current shareholders TODAY. Is it ok for a company to hold shares belonging to shareholders and be giving them back in tranches over 3 years? This is different from dividends for which the company has to earn profits annually. Anyway these are my views, at the risk of being called an Oando hater by the powers that be here. I was holding since before the AGM, and I have now sold the news.

The shares belong to OandO and they decided to pay shareholders rather than even creditors.
Anyone investors see na to collect am.. at all at all

This won't fly.
It has to be ratified and approved at an AGM because it's more like a buyout...

Princkez:
watch out for institutional investors to take up remaining 3b units @#100 and cash realised to be distributed as special dividend to shareholders...#10 per share, When and how ...I don't know ooo

Princkez:
watch out for institutional investors to take up remaining 3b units @#100 and cash realised to be distributed as special dividend to shareholders...#10 per share, When and how ...I don't know ooo

How will that happen?
Grab it from shareholders?
They would make new offer into Oando after a memo has been released?
Based on the released memo, Oando does not have the Unilateral power to
withdraw the offer again.
Should new investors need to invest, management would relinquish some of their stake,
if they feel they need such investment.

Here we go again...

Princkez:
watch out for institutional investors to take up remaining 3b units @#100 and cash realised to be distributed as special dividend to shareholders...#10 per share, When and how ...I don't know ooo

Fundlocator:


How will that happen?
Grab it from shareholders?
They would make new offer into Oando after a memo has been released?
Based on the released memo, Oando does not have the Unilateral power to
withdraw the offer again.
Should new investors need to invest, management would relinquish some of their stake,
if they feel they need such investment.

Wale no go even try am, after wetin hin see for Mangal and Volpi hand

lolllllllllllllllllllllllllllllllll

Fundlocator:


How will that happen?
Grab it from shareholders?
They would make new offer into Oando after a memo has been released?
Based on the released memo, Oando does not have the Unilateral power to
withdraw the offer again.
Should new investors need to invest, management would relinquish some of their stake,
if they feel they need such investment.

Wale no go even try am, after wetin hin see for Mangal and Volpi hand? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

lolllllllllllllllllllllllllllllllll

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