Sunrisepebble:
They’ve released the outcome of the meeting on NGX also

Omooloriredade:


When? I don't think so o.

I was referring to this emergency meeting on a Sunday before trading starts on Monday 02/12.

Am I missing something?

Sunrisepebble:
There is a new disclosure released today.

Sunrisepebble:
Yes, this is what the person that gave me the initial gist said. Due to their secretive nature, it’s something they will most likely delist. I hope they won’t come and give us a low offer though

Omooloriredade:


Awesome!!! Thank you.

@Xidget please take note. I was going to quote you but decided against it. The market will track/chase the Chinese valuation eventually.

Also, transaction will be completed in 2025. We know how these things drag on forever before regulatory approval is received. The mandatory takeover might not happen until late 2025 (at the earliest) or early 2026.

The market is generally not stupid. The mandatory takeover price can't be less than what the chinese are paying now (current valuation + premium). They will still have to propose an offer when that time comes but I reckon this news will sustain the market SP regardless of financial results between now and then.

Disclaimer - I made no reference to any target price o. Oh no! Did I? This is not a recommendation to buy or sell. DYOR or consult your investment adviser.

bovali:
If they are willing to pay this much for this then how much would the Chinese pay for Waco?

https://x.com/bloombergafrica/status/1863154028307165690?s=46&t=S-fB0C8yRxjxeCDpRFi4rw

Correction: it’s actually Wapco being sold for 1bn usd

Sunrisepebble:
Yes, this is what the person that gave me the initial gist said. Due to their secretive nature, it’s something they will most likely delist. I hope they won’t come and give us a low offer though

bovali:


Also, they do not plan to delist after acquisition

bovali:


Also, they do not plan to delist after acquisition

bovali:


Also, they do not plan to delist after acquisition

Sunrisepebble:
There is a new disclosure released today.

ositadima1:


Why are you rambling? Is it that you don’t know how to analyze financials, or are you just emotionally blabbing? Let me analyze it for you and show you how it’s done.

Omooloriredade:


Not immediately but eventually. Refer disclosure shared by @Sunrisepebble.

emmanuelewumi:




I am ready to sell when it gets to N90 and invest in other stocks

HesInMe:
Good stuff, but this intro wasn't necessary na. You don't have to put others down to climb up. A man's gifts will make way for him.

essentialone:


Fidson is one of the worst performing stocks of 2024.

It is stagnant.

Sunrisepebble:
Were thinking very similarly . The profit I’ve been calculating in my head last few weeks was working with N80 as the offer. If I can get another 10-15% on top of that I am very happy getting down at that bus stop

Mpeace:
By the rules of MTO, if you are able to push the price up to 200, they will have no choice but to offer the said 200 or more.

ositadima1:


Shebi na dogoyaro? Leave matter for people way get malaria nah, abi u get malaria?

Mpeace:
By the rules of MTO, if you are able to push the price up to 200, they will have no choice but to offer the said 200 or more.

vacanci:


Is there a possibility that the new owners could flood the market with high offers to crash the price only to prevent a MTO at a higher price than expected or to manipulate the exit price?

Mpeace:
By the rules of MTO, if you are able to push the price up to 200, they will have no choice but to offer the said 200 or more.

vacanci:


Is there a possibility that the new owners could flood the market with high offers to crash the price only to prevent a MTO at a higher price than expected or to manipulate the exit price?

vacanci:


Is there a possibility that the new owners could flood the market with high offers to crash the price only to prevent a MTO at a higher price than expected or to manipulate the exit price?

Streetinvestor2:
That won'take business sense. They flood the market from thr holdings which may likely reduce the quantity they already have baged.And if one billionaire decide to be buying. They will pay more for the wrong move.Nobi only them get sense oh

Streetinvestor2:
That won't make business sense. They flood the market from thr holdings which may likely reduce the quantity they already have baged.And if one billionaire decide to be buying. They will pay more for the wrong move.Nobi only them get sense oh

Mpeace:
This portion of the disclosure is even more instructive. They intend to launch a mandatory takeover.