Agbalowomeri:


Person rent part of his house give. He turned around and says he is not doing again. Wetin Una still dey wait for bayi. As long as he has 51% of the shares, Una no get say abi are you a chosen?😂

Lol..
How did PZ minority holders achieve their wants?

They didn't eventually buyout minority n delisted as they had wanted.

Omooloriredade:


You could take the above to the bank until the meeting at the farm happened. Apparently, CBO still has more shares to offload but rather than let it drag on for too long (tight band above N3), arranged an investor presentation with stockbrokers only. How is that even allowed? Next trading day after meeting, SP starts to climb with huge volumes. It's not dumping. Ellah Lakes is attempting to meet free float requirement by distributing its shares. CBO and Brokers will determine how the stock trades until there is significant news. They believe it's cheap due to its higher Net Asset Value per share and the what has been achieved so far on the "audio" farm. Na them sabi.

Roll call of attendees below. [/b]Did anyone's face look familiar? [b] Would someone be kind enough to find out the Private placement price please?

I know Ellah Lakes directors opted for a portion of their salary in shares. Bullish!!! Quite a positive except that Mr Chuka is on a very FAT salary for a company with little to no revenue. Anyway, the future appears bright so can be overlooked.

Disclaimer - Not a buy or sell recommendation.

Interesting , one of the guys there personally trades an account I have with them , not spoken or asked about the acct this year ,he might have bought Ellah lakes with this visit , will ask him

Mpeace:
When gsk paid us for their divestment, them cut our 10% without any apology.

was the 10% WHT deducted from the capital gain alone or from the entire value?

Please do.

We await update...

rmx:


Interesting , one of the guys there personally trades an account I have with them , not spoken or asked about the acct this year ,he might have bought Ellah lakes with this visit , will ask him

vacanci:


was the 10% WHT deducted from the capital gain alone or from the entire value?

They took 10% of the entire money they paid to me. I no too know for others.

Earn by liking TikTok video and get monetize on all ur social media platforms

yMcy56:
FLOUR MILLS

https://doclib.ngxgroup.com/Financial_NewsDocs/42176_FLOUR_MILLS_OF_NIGERIA_PLC-_NOTICES_OF_COURT_ORDER_MEETING_(COM)_-__COURT_ORDER_MEETING_(COM)_SEPTEMBER_2024.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/FMN_-_PRESS_RELEASE_ON_SCHEME_OF_ARRANGEMENT.pdf

They learnt from Oando....constantly trying to reap off retail investors. The way things are going, I may just focus on only Banks.

I'm trying to decide which one between UBA and PRESCO would give better total returns with reference to current price over the next 2years in both capital appreciation and dividends.
From the last two FY dividends payout ratio of 68-80%, PRESCO is predicted to pay over N50 for 24FY.
Historical payout ratio might not work for banks in this era of currency devaluation, but N3-4 might be very conservative for UBA.
Both look very ripe for capital appreciation either after announcement of interim dividends or later.

Agbalowomeri:


Person rent part of his house give. He turned around and says he is not doing again. Wetin Una still dey wait for bayi. As long as he has 51% of the shares, Una no get say abi are you a chosen?😂

😁😁

emmanuelewumi:



I hope shareholders will reject this and insist on a minimum of N100


Flour Mill is the first company on NGX to attain a revenue of ove N1 Trillion. Unfortunately the net margin is usually lower than 2% and a return on equity of about 5%.

My exact thoughts.
Shareholders should team up and speak with one voice in that court ordered meeting. N100 or no shareholders approval!
That company is way more valuable than N100 even; but as we can now see, it’s been years of deceit with very high turnover and poor net profit every year just to stifle the share price.
Just imagine the fact that just one subsidiary of this same company was granted power license. That’s how massive the company is!
I do not have it at all as I dumped the stock years back since it would never move beyond N30 then. I just feel for the shareholders who have been cheated all these years and now about to be dumped.
Exact same scenario I painted about companies depending on minority shareholders to raise capital and after the company becomes a solid asset, they dump the same shareholders in the name of delisting. It has happened again and will not stop any time soon. In all your investing, my people stay awake for companies under insincere management.

Mpeace:
They took 10% of the entire money they paid to me. I no too know for others.

Na you wan follow dead body enter grave

Agbalowomeri:
MPR to 27.25
CRR to 50%

Banks over to you

https://www.thecable.ng/cbn-to-supply-n1-4trn-to-increase-liquidity-in-banks-says-cardoso/amp/

How person wan take balance this two news released in 24hrs?

The more I look, the less I see

chimex38:


https://www.thecable.ng/cbn-to-supply-n1-4trn-to-increase-liquidity-in-banks-says-cardoso/amp/

How person wan take balance this two news released in 24hrs?

The more I look, the less I see

Honestly l too, l am lost.

What is going on in FBNH? Since last year one is yet to receive the paltry dividend the approved. When other banks are getting ready to pay interim.

OakPearl:


My exact thoughts.
Shareholders should team up and speak with one voice in that court ordered meeting. N100 or no shareholders approval!
That company is way more valuable than N100 even; but as we can now see, it’s been years of deceit with very high turnover and poor net profit every year just to stifle the share price.
Just imagine the fact that just one subsidiary of this same company was granted power license. That’s how massive the company is!
I do not have it at all as I dumped the stock years back since it would never move beyond N30 then. I just feel for the shareholders who have been cheated all these years and now about to be dumped.
Exact same scenario I painted about companies depending on minority shareholders to raise capital and after the company becomes a solid asset, they dump the same shareholders in the name of delisting. It has happened again and will not stop any time soon. In all your investing, my people stay awake for companies under insincere management.

If we have shareholders presidents here. They should speak out in agreement and they will subdue the management. I'm willing to participate in the vote process virtually because there will be real fight and you can only fight with your voice through your large holdings in FMN if not nothing will change

Union Bank, FORTE etc paid out peanuts and nothing happened

stcool:



They learnt from Oando....constantly trying to reap off retail investors. The way things are going, I may just focus on only Banks.

Wow. FMN seems to have obtained the requisite approvals, pending shareholders vote at the AGM.
A key difference between FMN and Oando's case is that the SEC did not give its ''No Objection'' response to Oando, an indication that they would reject the delisting

emmanuelewumi:



I hope shareholders will reject this and insist on a minimum of N100


Flour Mill is the first company on NGX to attain a revenue of ove N1 Trillion. Unfortunately the net margin is usually lower than 2% and a return on equity of about 5%.

Exactly, ₦100+
Interesting ....First ₦1Trillion Revenue company
Then poor yield as dividend Y-0-Y.

I believe they still constitute majority of the Minority holders.

Most likely companies like this excelsior shipping would have taken up the opportunity this CBN capital raise exercise presented to buy banks like FCMB and the others for cheap. Retail investors look hesitant picking up the undervalued shares of the banks .

https://doclib.ngxgroup.com/Financial_NewsDocs/FMN_-_PRESS_RELEASE_ON_SCHEME_OF_ARRANGEMENT.pdf

Mills55:
What is going on in FBNH? Since last year one is yet to receive the paltry dividend the approved. When other banks are getting ready to pay interim.

They are compounding them.
#joking

Ding !!!

Flour mill jump to full bid @60.50

Raider76:
Flour mill jump to full bid @60.50

l want to ask one question is there any link with Northern Nigeria Flour Mills PLC ? (A general question)

ELLAHLAKES and our audio plantation....we are @ km #4

What happens if the market takes it higher than the 70 buy out offer ?

Raider76:
Flour mill jump to full bid @60.50

Raider76:
Flour mill jump to full bid @60.50

FMN full bid @60.50
Honeywell full bid @5.01

FIDELITY sighted earlier @17.95....

FIDELITYBK will soon overtake ACCESSCORP

Something is certainly cooking in Transcorp. 50m units almost everyday

GTCO no wan shake body. I guess today is markdown so no price movement. Or am I wrong

Sunrisepebble:
What happens if the market takes it higher than the 70 buy out offer ?

I think the rule will have to kick in. It would probably depend on the effective date the delisting is approved.
But, who is the approving body? The COM or the sec?

Caverton is returning back to where it started.

It could be just a pull back or correction. Not necessarily back to base.

designking:
Caverton is returning back to where it started.

I don't think that is possible.

Xidget:
FIDELITYBK will soon overtake ACCESSCORP

Something is certainly cooking in Transcorp. 50m units almost everyday

Sunrisepebble:
What happens if the market takes it higher than the 70 buy out offer ?

That should be decided at the Court Ordered Meeting