ZikkyChops:
Court Ruling on Oando to come up on *June 24* after hearing from all parties concerned today at FHC, Ikoyi_

ZikkyChops:
_*Exclusive;* Court Ruling on Oando to come up on *June 24* after hearing from all parties concerned today at FHC, Ikoyi_

Princkez:
Were is FBNH result??

yMcy56:

Thanks so much for this update.
Pls is it the final ruling now on June 24?
Also, what can you deduce or guess from the hearing from both parties? In favour of minority or the Company?
Hope I'm not asking for too much...lol

Everything looks planned out......since 2021

mikeapollo:


I think the court would strike out the case.
The court waited and gave opportunity to minority shareholders with contrary arguments that are opposed to the deal, to serve as a basis to throw out the case. Those seeking to delist do not have any mandate from the rest minority shareholders to do so on their behalf!
My advice: Load more Oando units if possible!

ZikkyChops:
_*Exclusive;* Court Ruling on Oando to come up on *June 24* after hearing from all parties concerned today at FHC, Ikoyi_

ZikkyChops:
_*Exclusive;* Court Ruling on Oando to come up on *June 24* after hearing from all parties concerned today at FHC, Ikoyi_

Mpeace:
But we need to know the ruling the court wants to deliver before this conclusion. Remember there was an application by some other shareholders to be joined in the suit. Are you sure it is not ruling on that application?
In any case, Ibthink its safer to wit fornthe official communication on today's proceedings.

megawealth01:


EXPECTED... Oando is a dangerous gamble

SonofElElyonRet:


We don enter already.. bought some more today... o dowo oluwa

mikeapollo:


The shareholders that applied to be joined in the suit are minority shareholders that are opposed to the delisting. Their action should serve as evidence to the court that those who were seeking for delisting of Oando do not have the mandate of all minority shareholders, and do not represent the interests of all the minority shareholders.

The loopholes/hurdles in the bid to delist Oando shares are quite obvious.
1. There are no records of any mandate by minority shareholders or minutes at AGM authorizing the delisting
2. You cannot ask for a delisting price of N7.07 when the shares are already selling at N10-N12 in the market
3. The SEC just recently rejected a similar move by another company (cannot recollect the name now), thereby paving the way as precedent to reject Oando as well.

Raider76:


Can't understand why WT still insistd on delisting OANDO. After all the tremendous opportunities for wealth growth

BabsO2:
Oando

Price pushed up to close at N11.90 minutes before market close.

BabsO2:


This last seconds bull(s) may be up to something. Make we watch

SonofElElyonRet:


We don enter already.. bought some more today... o dowo oluwa

BabsO2:


Where did you get him saying he insists on delisting. He never said such at the last AGM in Nov 2022. Rather he bragged of how he has turned the company around for shareholders. And how things are poised for good.

Raider76:


Body language. Read all their company announcements on the court case. They always refer to their "Scheme of Arrangement.." what does that say?

BabsO2:


Make we dey watch the drama. Audited 2022 Results will soon be out with a fat loss and or negative shareholders fund followed by 2023 interim results that will suggest a turnaround (partial or full).

sky2891:

Calm with fingers crossed.

Princkez:
https://doclib.ngxgroup.com/Financial_NewsDocs/40927_TRANSCORP_POWER_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_APRIL_2024.pdf

Princkez:
https://doclib.ngxgroup.com/Financial_NewsDocs/40927_TRANSCORP_POWER_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_APRIL_2024.pdf

TsarZed:
PBT growth of 774%, interesting!

TsarZed:
PBT growth of 774%, interesting!