DeRuggedProf:
FF @ FY'24 moved from 3.58% to 9%. With this X deal, FF is now at 11.88%. Is this how they want to cure the deficiency? By migrating the shares to selected individuals? They promised an offer in Q1 2025 to cure this deficiency. Q1 is almost going. Looks like these guys no wan outsiders for now. This company self...
I am sure the guy/s that initially bought 300m from Idiahi and now the one/s that have bought 350m today won't even be selling a single unit. So how so they improve liquidity?
REAL FF is still at 3.5% or 320m units if you ask me!

yMcy56:

Once it's not in the hands or custody of the majority shareholder, they may classify it as Free Float.....
See sense....😁

ositadima1:
My forefathers said, "If a lizard falls from a high tree and no one praises it, it will nod its head to congratulate itself."

These wise men (forefathers) saw things clearly, and we should take their words seriously.

DeRuggedProf:


FF @ FY'24 moved from 3.58% to 9%. With this X deal, FF is now at 11.88%. Is this how they want to cure the deficiency? By migrating the shares to selected individuals? They promised an offer in Q1 2025 to cure this deficiency. Q1 is almost going. Looks like these guys no wan outsiders for now. This company self...
I am sure the guy/s that initially bought 300m from Idiahi and now the one/s that have bought 350m today won't even be selling a single unit. So how so they improve liquidity?
REAL FF is still at 3.5% or 320m units if you ask me!

KarlTom:
I hope and pray that when they eventually settle, the SP (for consideration) will be higher.

Honestly, the debt-to-equity conversion is in the best interest of shareholders. Repayment will keep swallowing the profits...

yMcy56:

I guess some shareholders have insight into some privileged info possibly, this could be one of the reasons they rejected it the first, 2nd and now the third time, if I'm right.

Definitely PZ is using some tactics to shortchange minority shareholders and they in turn are catching them in their games.
I guess they know PZ can do better than what they're presently doing. They are getting out of losses and finding means to corner the goodies to themselves I think.

If they can do revaluation from 23.60 to 37.10, then they should be able to revaluate much higher nah. 😊

What about the Asset sales if one may ask?

Streetinvestor2:
This is exactly what we will do those chinko if they come up with rubbish price on wapco.These companies have been cheating the minority shareholders in this delisting or buy out deals. Our greatest enemy has been the shareholders associations they use as proxy

yMcy56:

You tried.
TA on which and which stocks?

Streetinvestor2:
They say if a proverb is thrown at you and you go forward to ask the meaning. That means the bride price paid on your mother head is a waste.


Received double salute for your TA call though I never see the thing happene...congratulations you are doing well,lol

Streetinvestor2:
So the FF is just 320m
What a good candidate for price manipulation

ositadima1:




I talked about Tantalizer here. I talked about Champion, which is getting ready to rally. I talked about Oando here. I talked about DangSugar.

Keep track and go figure. Or do you want me to spoon-feed you all?

essentialone:


Yes, spoon feed me.

yMcy56:
PZ
EGM outcome....
* Revised conversion from N23.60 to N37.10
* Majority shareholder's holding post conversion will be 79.81%
** The resolution was not approved by the shareholders of PZ
** PZ minority shareholders not joking ......Let PZ come up with better valuation 😊....

Mpeace:
My mind is saying banks results should start rolling in sooner, like from this week end

KarlTom:
Actually, 'most of the minority' voted in favor.

However,their holdings did not meet the requirements...

Streetinvestor2:
If they voted in favour so why didn't the resolution go through. I don't understand

KarlTom:
ARADEL to the moon!!!

Shell Assets Acquisition 100% complete 👌💯

https://doclib.ngxgroup.com/Financial_NewsDocs/43342_ARADEL_HOLDINGS_PLC-ARADEL_PRESS_RELEASE_CORPORATE_ACTIONS_MARCH_2025.pdf

KarlTom:
Actually, 'most of the minority' voted in favor.
However,their holdings did not meet the requirements...

KarlTom:
In summary, 1 unit of share carries 1 vote

77,952,420 votes (for) vs 228,066,509 votes (against)...

KarlTom:
In summary, 1 unit of share carries 1 vote

77,952,420 votes (for) vs 228,066,509 votes (against)...

yMcy56:


I'm essence, the non approval still favours the minority shareholders.....let it move to 60+ abeg 😁

KarlTom:
In summary, 1 unit of share carries 1 vote

77,952,420 votes (for) vs 228,066,509 votes (against)...

Mpeace:
My mind is saying banks results should start rolling in sooner, like from this week end

Mpeace:
Very rich asset but I heard the production level is currently low. Like 20k barrels per day or thereabout.

Streetinvestor2:
No vex how whr they able to adopt this style of voting.
We need to recommend this idea to sec to become a requirement

SonofElElyonRet:


Now that's interesting... Please ask your mind for me wetin UBA go declare as dividend.. and if peradventure scrip issue fit join

KarlTom:
It has always been an option but most shareholders are unaware...

I hope they share the link to the recording, you'll see the resistance to the digital voting...

BullBearMkt:

Amen!
May the blessings of God never depart from you and your home also

Mpeace:
As you don chop N2 before, wetin you want make Elumelu pay you again. Abi you no know say exceptional matters dey to be handled?