megawealth01:
BREAKING: Shareholders funds wiped out as PZ Cussons reports N96.4 billion net loss

https://politicsnigeria.com/breaking-shareholders-funds-wiped-out-as-pz-cussons-reports-n96-4-billion-net-loss/

zendi:

They wanted to delist at N23 buy-out.
The minorities demanded for N100 and cried to SEC to object.
So the cowboyz switched to Plan B.
When they're done reducing the company to an empty shell, the shellholders will be begging for the N23 if still available.

zendi:

They wanted to delist at N23 buy-out.
The minorities demanded for N100 and cried to SEC to object.
So the cowboyz switched to Plan B.
When they're done reducing the company to an empty shell, the shellholders will be begging for the N23 if still available.

zendi:

They wanted to delist at N23 buy-out.
The minorities demanded for N100 and cried to SEC to object.
So the cowboyz switched to Plan B.
When they're done reducing the company to an empty shell, the shellholders will be begging for the N23 if still available.

zendi:

They wanted to delist at N23 buy-out.
The minorities demanded for N100 and cried to SEC to object.
So the cowboyz switched to Plan B.
When they're done reducing the company to an empty shell, the shellholders will be begging for the N23 if still available.

Mankind2024:

PZ is not alone; MTNN also posted negative shareholders' funds, negative equity, and negative retained earnings. The minority shareholders who insisted on a N100.00 payout must have known the worth of PZ, either through insider information or by default. The news shouldn't cause dumping; otherwise, the cowboys would mop it up without any remorse. It is the same macroeconomic issue quoted by MTNN - foreign exchange loss - that also affects PZ.

zendi:

They wanted to delist at N23 buy-out.
The minorities demanded for N100 and cried to SEC to object.
So the cowboyz switched to Plan B.
When they're done reducing the company to an empty shell, the shellholders will be begging for the N23 if still available.

Agbalowomeri:


Who go come settle this fight

megawealth01:
BREAKING: Shareholders funds wiped out as PZ Cussons reports N96.4 billion net loss

https://politicsnigeria.com/breaking-shareholders-funds-wiped-out-as-pz-cussons-reports-n96-4-billion-net-loss/

Choiceguy:


Streetinvestor

Prophet,I hope that which was reveal is still intact.

This is the new strategy.

Locotrader:


What you are seeing is damage control.
The stock will be paraborating at 8.50 to 9.50 region for some time waiting for the next court case adjournment and the 2023 calamity to be released around July.

You have every opportunity to bail out now and look for a low BP stock to enter.

Mankind2024:
As a contrarian long-term self-investor in both NGX and NYSE, I have found that companies incubating a delisting agenda from a stock exchange may exhibit certain signs, including, but not limited to, the following:

1. Poor financial performance: Consistent losses, declining revenue, and negative shareholders' equity. PZ
2. Low trading volume: Infrequent buying and selling, indicating a lack of investor interest. GSPECPLC demonstrated this before the soft landing, DICON SALT
3. Non-compliance with listing requirements: Failure to submit financial reports, audit issues, or non-disclosure of material information. IB, OANDO
4. Management's reluctance to address concerns: Ignoring investor inquiries, failing to provide timely updates, or dismissing concerns.
5. Asset stripping: Selling off valuable assets, subsidiaries, or businesses, potentially weakening the company's financial position. Unilever is culpable here.
6. Reduced market capitalization: A significant decline in the company's market value. IB is guilty here.
7. Inconsistent or unclear communication: Vague or contradictory statements about the company's financial health or future plans. Oando
8. High debt-to-equity ratio: Excessive borrowing compared to shareholder equity. PZ, MTNN
9. Failure to pay dividends: Omitting dividend payments, indicating financial struggles. Morrison Industries, OANDO.
10. Regulatory issues: Repeated violations, fines, or investigations by regulatory bodies. OANDO.
This was what I knew before committing my sweat and blood to all the Tony Elumelu-listed companies. I have no regret so far; rather, I beat inflation regularly due to benefit of due diligence, despite this I still invest in some of these companies with poor fundamentals, and sometimes, I draft a strong anonymous letter to their managements.

Streetinvestor2:
This is why I believe wale is likely to have changed his mind on delisting. This is the way to go if you want to delist easily and cheap.You don't arm your enemy yourself with good results. .it is common sense The minority shareholders will beg you to collect what you are willing to pay.Or you crash the price in the market and keep mopping it at lower than your offer via proxy till you collect above 90% of the shares

mikeapollo:


How many of these infractions has Oando been able to redeem in the last few months?

Agbalowomeri:


Who go come settle this fight

Mankind2024:

PZ is not alone; MTNN also posted negative shareholders' funds, negative equity, and negative retained earnings. The minority shareholders who insisted on a N100.00 payout must have known the worth of PZ, either through insider information or by default. The news shouldn't cause dumping; otherwise, the cowboys would mop it up without any remorse. It is the same macroeconomic issue quoted by MTNN - foreign exchange loss - that also affects PZ.


💯💯

emmanuelewumi:



Minority shareholders will buy the company from the core investor.

I wonder why people will continue staying in a toxic marriage when the other party wants a divorce.


Thank God I sold my PZ shares at N21 few months ago

zendi:

The same game by Norrenberger on intenegins. They used their bad Q1 result to turn the stock southwards to get many holders thinking to go and collect 1.60 "before Oga Norre changes his mind". At the same time I believe by now they must have mopped almost to their target from the floor at below their MTO offer price.

BullBearMkt:
OIL/GAS, INSURANCE AND BANKING SECTORS MAY OUTPERFORM SHORT TERM
A 52-week sector analysis indicates that the oil and gas, insurance, and banking sectors may outperform the All-Share Index and the other sectors in the short term. Additionally, in the long term, the oil and gas sector is likely to perform exceptionally well.

PLAN YOUR TRADES AND TRADE YOUR PLANS

Mankind2024:
Allowing PZ a soft-landing delisting would spell contagious effects on the exchange. The body language of Unilever is pointing towards a similar move. Already, they have stripped Unilever of some prime assets; the final blow would be delivered once the SEC allows a soft-landing delisting for PZ.

Mankind2024:
People stay in toxic marriage with (PZ) for the following reasons:
-They hope that things will eventually improve for PZ
-They hope a falling knife phenomenon can be reversed due to past bad performance that later turned best.
-They fell in deep love ❤️ for their darling PZ
-They are being emotionally manipulated and
gaslighting by PZ cowboys and Mr Market. When hope was lost in the marriage with PZ trading at km N40 to N4, and suddenly rose to N40 plus, and suddenly a divorce was instituted In a marriage that investors labour to save.
Really not easy to accept such toxic divorce, which I think it is more toxic than the toxic marriage.

emmanuelewumi:



My peace of mind is far better. I used the proceeds from the sale of PZ to buy Presco at sub N300

Mankind2024:
I'm betting on Tony Elumelu ecosystem to outperform the index by Dec 2024.
Why I Decided to Invest in Tony Elumelu-Listed Companies and ecosystem.
As a contrarian, long-term self-investor, I have been analyzing and following these companies since 2017:
* UCAP Plc
* Transcorp Hotels Plc
* Transcorp Plc
* UBA Plc
* Afriprudential Plc
*2024 - Transcorp Power Plc
Reasons for My Investment Choices
* UCAP Plc: I believe UCAP Plc is on track to reach a predictable N60 per share by 2028 assuming a slow growth rate and conservative capital appreciation. It is well-positioned to provide infrastructure funds, capital raising, and short- and long-term lnvestment banking services for the listed companies in the ecosystem.
* UBA Plc: UBA Plc is likely to be the primary bank for this group of companies, UBA will provide the capital ingredients for the ecosystem. If TE releases the capital trapped in UBA, it would be one of the most capitalised Banks.
* Afriprudential Plc: Afriprudential Plc is the designated registrar for all the mentioned companies and the ongoing potential for diversity.
* Transcorp Plc: Transcorp Plc is a conglomerate with valuable assets under management.
* Transcorp Power Plc: I view Transcorp Power Plc as a promising company with significant future earnings potential within the Tony Elumelu ecosystem. .
* Transcorp Hotels Plc: The annual meetings for these companies are likely to be held at Transcorp Hotels Plc. The hotel is also a designated Choice for VIP dignitaries in Abuja, the Ongoing Lagos Transcorp Hotel project is another winning stroke.
Investment objective
In ten years, I believe a new seed of N10 million investment in this ecosystem could potentially return value to investors.
Tony Elumelu is a TORTOISE investor. Journey with him from afar and join the next generation of NGX Billionaires.

Disclaimer
This is not a financial advice.

emmanuelewumi:


My peace of mind is far better. I used the proceeds from the sale of PZ to buy Presco at sub N300

Omooloriredade:
@KayOn1 Was your question about Oando's rigs rhetoric? Was it a consideration in your DD or research?

Streetinvestor2:
Is the ecosystem a new venture not yet listed on nse.So how are you investing in it

Streetinvestor2:
Is the ecosystem a new venture not yet listed on nse.So how are you investing in it