easysunny:
Good day house. Pls what's the update on Flourmills of Nigeria Plc delisting? I learned it has been delisted from NGX daily official list.
What happens to our shares? I've some units of shares in my stock portfolio. What next?

emmasoft:


GTCO shares already credited to investor's cscs account. Ask your stockbroker to send you your latest cscs statement to confirm yours.

Please note that it will not be there if you didn't fill in your cscs number and CHN during your subscription.

In that case, you must contact Datamax Registrars with your cscs statement to get your shares credited into your cscs account.

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

easysunny:
Good day house. Pls what's the update on Flourmills of Nigeria Plc delisting? I learned it has been delisted from NGX daily official list.
What happens to our shares? I've some units of shares in my stock portfolio. What next?

zendi:
You're still a shareholder of Flourmills.
But you no longer have much rights enforceable by SEC and NGX.

I think you will have to visit the Registrar to sign a document to the effect that you have refused the buyout and wish to remain a shareholder.

Importantly, you're still entitled to dividends if any.
Please note well this bolded, since you're no longer entitled to any disclosures like quarterly results.
So when you don't see any dividends, then you take it there is nothing to share.
But grumbling will be allowed.

Mind you the company still has a board which holds periodic meetings.
But the 'G' in AGM, for example, will no longer be there.

I must be missing many things.

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

easysunny:
Good day house. Pls what's the update on Flourmills of Nigeria Plc delisting? I learned it has been delisted from NGX daily official list.
What happens to our shares? I've some units of shares in my stock portfolio. What next?

zendi:

The Aradel moonshot didn't happen today.

But I pray deeply that SpaceX Crew 10 launch will be successful in a few hours.
Lives are involved.
And politics has become involved.
Bad, bitter politics.

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

faoogoke:


Shell assets sold to Aradel affects only its Onshore operations.

Shell is concentrating on Offshore operations as a result of hostile oil producing communities hostilities.

PuristForest:
guys, told you oando is not safe yet ...
https://ewnation.com/aiico-can-it-weather-the-bearish-storm/
https://ewnation.com/chams-has-some-falling-to-do/

join https://discord dot /ARFuKYsKCn (replace the dot)
more charts/analysis for intbrew, champion,transcorp, oando , aiico, sovrenin....

enjoy!!

Sunrisepebble:
20k barrels really ? As at 2023 according to NUPRC, the company was producing 135kbpd, and about 60kboepd in gas. If true that just goes to show how little Shell were investing in the assets since they put it up for sale

Mpeace:
The level of production remains too unclear. It might in fact be more than that 20k barrels . I suspect my source of info used shell's share of the JV which stands at 30%.
Only time will tell sha

Youngzedd:
ARADEL is an over 1k stock.

We wait for Mr Time.

KarlTom:
The SPDC JV and others as reported by NUPRC

https://www.nuprc.gov.ng/wp-content/uploads/2024/04/UPDATED-2023-NUPRC-ANNUAL-REPORT.pdf

zendi:
Yes, but Mr Time is rarely in a hurry.
Mr Time takes his time.

Aradel was high-priced at birth, and there's an army of unknown profit takers.

DeRuggedProf:
Is anyone here using Mainland Trust Limited?

Youngzedd:



I've got no worries because they've got good products and a solid management team who walks the talk.

ARADEL team always show full working, no be chochocho and buying Ad spaces and influencers

Agbalowomeri:


Prof you don open stockbroking firm

Youngzedd:



I've got no worries because they've got good products and a solid management team who walks the talk.

ARADEL team always show full working, no be chochocho and buying Ad spaces and influencers

sterlingD:

Who is your stockbroker? I followed up and followed up with my stockbroker and the registrar before l got paid.

zendi:

Oando has acquired a baggage of political risk in a foreign land. Going forth, Oando has to manage relationships carefully and neutrally with all Trinidad political parties, in case of political power shift..
Plus dealing with the local Labour Union.
I don't know why they didn't build a refinery in Nigeria.

But the Refinery is good, and makes Oando more powerful in case drill baby drill drops crude oil below $60/barrel.

Trump is personally watching oil prices closely to make that happen. Trump likes to be seen to deliver on campaign promises


In periods of oil glut and prices crash, oil companies fall back on their refining operations.

Streetinvestor2:
Why will trump want oil price down. If price drops does it favour oil companies in USA.

zendi:
The Global price for crude oil is the same both Globally and going into US Refineries. If the crude price going into US Refineries drops, the price of gasoline out of the Refineries will drop, and the Pump price going into Voter's fuel tanks will drop and the Voters will be happy with the President. This is one of the dearest agendas of US Presidents historically, making Voters to fill their gas tanks (fuel tanks) cheaply. And you know what that does to the political fortunes of the President and his Party.