NewStats: 3,259,434 , 8,170,094 topics. Date: Sunday, 25 May 2025 at 12:01 AM 6m5d33

KarlTom:
There is a share purchase agreement in place since 1 December 2024.

Invariably, this implies that the incoming owners will have a say in certain matters affecting the company...

If you were HUAXIN, you won't really leave HOLCIM to unilaterally decide the DIV payout, would you?

the purchase document shared when the news broke specifically has a condition that stated that value at negotiation (Dec 2023) would be maintained.

so how is value created after 2023 should be there concern.

i beg i no get strength, i never chop or you go buy lunch for me

like i said i don face front

Sunrisepebble:
New owners want to preserve cash which is expected, but with potential FY results they could have easily paid even N2

How can new owners want to preserve the cash of a company that they are yet to own, which they negotiated at 2023 value and then because of that want to partake/ share in profit made in 2024 when they are yet to pay/take over?

it is only here that such happenssssss

i beg make i face front

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

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

mikeapollo:


Lol!
I didn't mean it in that context
I pray that God grants all of us good health. Without a good healthy life, none of our investments is safe.
I pray none of us will experience any health or other emergency that could push or compel us to sell off our stocks prematurely to incur losses.

Amen ooooo

mikeapollo:


You will not lose anything if you buy Oando at your bargain price and qualify for the share redistribution.
The prospects are bright but one has to be patient for the long wait and in good health, God willing.

i beg Oga Mike, make u no injure meeee oooooo

so make people wey no get good health no buy oando abiiiiiiiiii

lolllllllllllllllllllllllll

KarlTom:
I think 10,048,237,955 units were 'added' (see Pg 32)...

Probably part of the recapitalization drive

Hello Chief

can you please oblige me the copy (or link) of the result which you have that extend to page 32 (and mayb more). the version i have stops at page 31.

KarlTom:
Don't loud it...

People wey sabi, sabi

zendi:
Oando sits on a huge chunk of OPEC's oil reserve;
Has Africa's most important Top Guy as Godfather;
Is languishing under N200, waiting to make somebody rich.

Oando is the world's greatest baby stock.

Not investment advice.

https://www.thisdaylive.com/index.php/2025/01/27/wale-tinubu-oando-has-over-a-billion-barrels-of-oil-reserves/

All this one na English. If what sunrise say turn out to be true then it is to their tent o Israel

Sunrisepebble:
Oando is out. A loss in Q4

I beg make dem just hold d tin till late on Friday so that the vexation to dump am go reduce small over the weekend

Sunrisepebble:
Oando is out. A loss in Q4

🤣🤣🤣🤣🤣

Shegeeee. I just dey laugh myself if na true but as per say naa sunrise yarn am. There's a higher probability its true.

Shegeeee

🤣🤣🤣🤣🤣🤣🤣

pluto09:



Can zenith and GTB pay a dividend of N7 to N8

i conservatively believe they can do cumulative (interim +final) of 5 which at today price i believe still compare favorably with recent years div yield

pluto09:


I want to believe they will still be cheap for a long time unless they ramp up dividend payments to match their bogus earnings.
The sector has arguably been the one with best dividend yield in recent years but that might not be the case this year.

Chief what is your reasoning behind bolded?

nosa2:


I expect the cheapness to be around for another year or two but it will end eventually. Either it ends or Nigeria ends in a civil war.

ok chief two years is fair enough (medium term). Na that civil war own make he no happen biko.

nosa2:


Incredibly daft economic/ monetary policies, insecurity in the country, COVID and high rates in other countries.

That's my view

hmmmmm

Incredibly daft economic/ monetary policies, (this is an ongoing target and may never be met, even the Feds/BOE are sometimes wrong)

insecurity in the country, (50/50, while in my opinion this is not deteriorating further than it was 6 yerars ago, it has also not appreciate better than it, we have just learn to kind of live with it)

COVID (resolved)

high rates in other countries. (moving target but easing compared to previous years)

overall ambivalent meaning we might still need to tarry a little (kind if medium term) if there would be any correction to this anomaly/mispricing

emmanuelewumi:


They have been dirt cheap for the past 6 years, it was in 2006 that Price Book Value of 3 and above was the norm for them

and they can be for longerrrrrrrrrrrrrrr

what i would want to tease out of this discourse is what are the triggers to look out for that would help correct this anomaly/mispricing.

or what are the drivers/ factors that brought the said situation (anomaly/mispricing) 6 years ago? ? ? ? ? ?

megawealth01:


We must move by force by fire

no mind am hin mate they release better result to move na news item hin dey release everyday like CNN

the guy don kolo walahiiiiii

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. ±

person wey die and person wey lost don meet again

ositadima1:
Some premises make developing markets like Nigeria interesting.

[i]Market Structure:
- The market lacks complex derivatives and hedging tools that fragment trading in developed markets. This means when someone wants to take a position, they often have to do it directly in the stock.

- With fewer institutional players and automated systems, large trades are more likely to represent actual investment decisions rather than technical rebalancing.

-
Copied...

Nice read Chief

Personal opinion or extract from a write up?

if write up can you kindly oblige source?

chimex38:

2027 Ending
After dem don acquire CBN

lollllllllllllllllllll wicked man.

ositadima1:
Dividend analysis: These appear to be the top dividend payers. Look at the dividend yield and the projected yield, assuming a 30% increase in dividend payouts. They are far below the returns from bonds and treasury bills if purchased today. I anticipate we will see corrections, as I don’t foresee prices rising significantly in the near future unless we’re surprised by a substantial dividend increase. Of course, this is purely a dividend analysis.

do u mean u are expecting price to drop so yield could get nearer to / equal bonds and treasury bills yield?

megawealth01:

Na why the expense they high be this triple digit billions

GeeKudi:
That clause was actually from the shareholders at the AGM. The popular opinion for adopting it was to prevent the flooding of the market with excess shares without notice.

Without that clause, OANDO would have been trading at #50 this morning.

u sabi

ositadima1:



That is why some of these Ogas, old in the business, like Emma, should advise newcomers to read about a stock using available sources and draw their own conclusions, rather than stubbornly promoting their own biased views. Honestly, I wasn’t thinking about the stock market back then; I was preoccupied with other things. But, the more I study Oando, the clearer the picture becomes. It seems more like a business transaction gone wrong ten years ago than the “Tinubu playing games with investors” narrative often repeated here. As an intelligent person, it’s better to take other people’s interpretations with a grain of salt and conduct your own independent research. Please note, I’m not saying anyone is a saint.

Emma's comments were also helpful to some during the period at least it would have triggered some people who understand that it is their own PERSONAL money they are staking to do some research and come to their own conclusion if they were DILIGENT enough.

Having said that i made a treatise on promotion of own views some few months ago (see my response to Oga Karl around October 24th) which were my own personal conviction of operating in public spaces.

Conclusively, OJT also didn't help during those period because he wasn't communicating to the public (minorities holders) clearly enough of the real challenges coupled with the fact that his cowboyish antecedent of acquiring Unipetrol was still a bitter taste in the mouth to some establishment people and the fact that around the same time he was disposing off some good numbers of Oando subsidiaries then (apparently in hindsight now was to pay down on some of the obligations on the same conoco deal that had hook him in the throat).

But in this particular case my personal reading of the issues is that he was fair enough (though could still have been better).

Selah

ositadima1:


From the 3-hour 45th Annual General Meeting of Oando PLC, I suggest starting from the final hour to listen.

Mr. E. K. Osaku, the Independent Non-Executive Director of Oando PLC and Chairman of the Statutory Audit Committee, provided the following explanation (this is a transcript I prepared):

Going by above explanation, i think OJT was fair in this particular case and it is just fair to mention same

i this period (Ansbury) very well. he was particularly fighting an existential threat then.

he got money from Ansbury (i think Volpi) and Mangal to conclude the Conoco deal then. Unfortunately after conclusion price of oil went drastically down along with all projections on which the conoco deal was done hence he couldnt repay. Volpi and Mangal want their money back or take over the company. i think the aftermath was the loan which led to the current share repayment/ bonus

chimex38:

A whole WAPCO Merger & Acquisition Valuation don like you?

My Oga no vex d tin my little education.

I no even know d maths formula wey i go use.

I know no weda make i use bodmas or Pythagoras.

Calculus i no sabi. Oga Agba fit sabi dat one.

I dey siddon look mode

KarlTom:
In recent times, most of the news from/about OandO are not easily understood...

Haaaaaaa. If a whole Oga Karl wey go Grammar school no understand this one den in Fela voice d tin be ODOO (overtake don overtake overtake)

Na siddon look i dey nowwww ooooo (in Bola Ige voice)

HesInMe:
Win-win ke? If I owe you $1 million, and instead I offer to pay you either a) $1 million in cash, or b) $1 million equivalent in Oando shares at today's valuation (as bonus shares, which are dilutive) which option would you choose?

How is this even legal?

My broda no vex.

I don give up. My night school education no reach the level wey Oando dey take am to. A whole Professor Agbalowomeri don talk say na Calculus.

D time wey dem wan teach us that topic for night school na hin palm oil finish for inside the lantern wey we dey use see for night.

So biko no vex d tin my paygrade.

Agbalowomeri:


E reach Oando turn, bonus becomes calculus

After d calculus, Pythagoras theorem sef dey.

My night school education no reach this one.

I don leave am for those who go Grammar school.

yMcy56:

* OANDO is giving shareholders bonus shares
* This bonus will be pro-rated....e.g. 1:10 (1 new for every 10 held or as the company deems fit (na example I give here ooo)
* This bonus shares came about as a result of debts owing OANDO by one of the debtors
* The initial plan was to pay this debt to Oando in a space of 15yrs ....But..
* They opted to pay in kind and with shares.......I think by forfeiting some of their OANDO shares.....
* This forfeited shares will then be distribute to shareholders
* Qualification Date is today OR within 5 days after today.
* This will be communicated to shareholders soon

** This is my understanding of it so far....
We will get more clarity if there's any again

Ohhh ok. Thank you very much.

It is much clearer now. O & O wants to settle some of its debt with part of their holdings in Oando then those shares would be distributed to other shareholders

A very ingenious and creative scheme.

If O & O bought those shares in the days of sub 10/20 ( which i very much suspect) then its a win win for all sides, i.e. O &O, minority holders and the coy (Oando) itself. The losers are those shareholders that O & O bought from, because technical it is the gain they couldn't wait to collect that is being shared by all other parties.

yMcy56:

Nothing like cash option!
It's only bonus shares in pro rated basis.
Ratio to be determined.
Where will the company get cash to pay shareholders?
Make Una collect your shares jejely and thank God as well as the management of O & O.

Hello Mcy. I dont seems to understand all this arrangement. Can you please help brake it down.