I guess Karma is already catching up on Julius Berger after years of Siphoning Nigerians of their hard earned money and our oil money for years through our careless government. Well just recently,

The company has informed The Exchange and the entire capital market of the following developments that are occurring and would unfold in the months to come:

1.  1. Bilfinger Berger SE has decided to reduce its shareholding in Julius Berger Nigeria Plc but would continue to be a relevant shareholder in the Company.


2.   2. In order to strengthen its corporate independence, Julius Berger Nigeria Plc will enhance, on shore and off shore, its Technical and Logistic capacities by:

·    The establishment of the newly incorporated subsidiary, Prime Tech. Design and Engineering Nigeria Limited for the provisions of design and engineering support services to the Company;

·         The acquisition of a controlling majority share of the Technical and Logistic business and operations of Bilfinger Berger Nigeria GmbH, Wiesbaden, Germany. This assures the Julius Berger Nigeria Plc is in control of all required services such as, planning, procurement, recruitment and capacity building. Julius Berger has signed a Letter of Intent with Bilfinger Berger SE which would form the basis of the mutual negotiations for this transaction, the execution of which is planned for the beginning of the year 2012.


The Board of Julius Berger Nigeria Plc strongly believes that these strategic business directions would achieve a sustainable increase in Julius Berger’s efficiency and responsiveness, as well as set the basis for future long lasting success.

http://www.proshareng.com/news/15136

Well the issue now is that Their share price in the market has been dropping heavily, as they lost 5% of their share index on Friday and Monday which was yesterday. Most shareholders are getting scared now and have started offloading their stakes in the company,  I am working on a research now. In your opinion, what could be the possible cause of the Drastic and continuous fall in their market Value. Because most multinational companies hardly make loss and if they do, it would be up to 5% not to talk about 2consecutive days,  Some say its because the biggest boy in their shareholding left. So what is the small boyz still doing?

Well that's them,,  What do you say?