₦airaland Forum

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wanaj0:
That was a letter informing stakeholders.
The requirement is for them to call an AGM/EGM or a court ordered meeting! They need to get shareholders approval.
Majority shareholder in GSK wanted to increase its stake and likely delist the company from the NSE. The shareholders voted against it and that was the end.
JaPaul need more than 'informing' the shareholders. They require the APPROVAL of the shareholder. JaPaul is no longer a PRIVATE company.
As bad as OandO was, it at least tried to organise such 'meetings'

Okay Sir! Arms crossed.

MissRaine69:
And humanity is saved thank you.

Parisfran:
Livestock is not well managed. Instead of the shareholders to do something about it, they want to be crying Olam.

They should keep crying. if not for Ihedi's stock tip, I don't even research companies of this nature.

The problems are both internal and external. External factors more than internal ones.

MissRaine69:
These women are all married. Is what their husbands are doing rape? Can a husband rape his wife?

Yes. A husband can rape his wife but this always goes unreported because the woman doesn't want to lose her matrimonial home.

Also, in our kind of society, Africa in general, as long as the woman is married, such complaint cant be listened to especially by the family members; the husband may decide to twist the whole story in his favour and he'll be largely supported against the woman.

This is not so in advanced countries. Such cases can be reported.

Sadly, a woman is seen as a sex object as long as some men are concerned and must surrender to him even against her wish anytime he makes advances not caring about the woman's feelings at that particular point in time.

RabbiDoracle:
Read notes 24 in the report. Agric Loan of N2b at 8% from Union bank.
There were other loans from Zenith bank and First bank at higher rates.

Okay thanks. Na profit or loss side I too dey check.
But that's somehow on the high side to me if govt is actually serious about this agric thing.

RabbiDoracle:
Have you confirmed the rates for the HUGE loan? What if it is at 9%?
I think BOI/CBN give at very low rate far different from the prevailing DMB rates

I doubt if it'll be up to that, highest 5% because the government's sole interest is to resuscitate agricultural sector.

Parisfran:
Abeg how is this Olam's fault? Let's not compare eggs with stones abeg. Because they are both round doesn't make them mates.

When did Olam start business that you are still talking pioneer status? Abi is pioneer status not still 4 years? Even smaller companies are collecting CBN and BOI loans, so Olam did not stop Livestock from getting cheaper source of funding.

Livestock problem is self inflicted, competition cannot be blamed for any company's foolishness.

I disagree with you on this!
How is it self inflicted? How is it foolishness on the part of the company striving hard to stay in business? Have you considered various factors that makes operating in a serene and conducive environment and making profits a lot easier? When there's adequate backing and funding, wouldnt they favourably compete with their counterparts?
While I understand that Olam is trying to grow the country, why giving them huge loan? Are we saying we dont have capable and qualified local companies to favourable 'discharge such duties' as well? I'm just not understanding

rebekah2011:
Olam is really distorting the market. These indian guys were granted PIoneer Status, CBN gave them billions in loans well above single obligor limit. It is a long walk to freedom here Connection with one Governor in the North too.

You can see why we are our own enemies in this country, why that huge loan to just the company?
It's just insensitivity on the part of Nigerian government. Those that actually needed the loans to grow their businesses eventually don't smell it
Even some of their acclaimed loans to local farmers were said to be untrue as the loan doesn't get to majority of them. Also, getting such intervention funds from banks have some challenges and bottlenecks that makes it not worth it for some farmers in the long run.

Thinkbigga:
What is driving wema bank

I think its this news: https://www.proshareng.com/news/%20MSME%20-%20Funding,%20Lending%20&%20Credit/Wema-Bank-Secures-$35m-from-International-Lenders-to-Fund-SMEs/39137

No quote me in future o, I no recommend buy for it o. Its just a response to your curiosity.

......

Dwizeone:
Kobo Kobo indeed, God get your pincode ... I sha dey watch you in 12D

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/21409_LIVESTOCK_FEEDS_PLC._FINANCIAL_STATEMENTS_MARCH_2018.pdf
One of the kobo kobo stocks

Oga no too dey laugh us now

Anyway, I knew livestock is not a real deal from day one its been hyped here. Wasn't chanced to post around that time to caution against it.
One of the companies striving to survive but which the economic situation of the country is killing small small.

Dwizeone:
You call that one small ... Hmm... I'm sure peeps don't know why you don't agree with them... But really when it comes to your trading funds caution has to be the watch word, you wanna look at the facts over and over again, No one wants to loose money. But of course if you have a strategy to make good returns nothing should stop you ... But for me the deal is not straight forward plus the history about the management...

Na in units me dey buy now
Wize one, you know say na those kobo kobo stocks dey favour people like me now.
Money for 100 units of Nestle go buy plenty penny ones.
Well, you made a valid point up here though.

sellydion:
Ho... Naa now you got the drift.

No, still dont get it 'cos the fund is still in the pipeline. Why counting the chickens even before the eggs are hatched?
The argument before was that the funding agreement wasnt real, now it has changed to management issue.
One oga here said shareholders were not informed, a letter says they were duly informed
Let's stop discouraging investors, this country sure needed such intervention

Dwizeone:
This clearly shows Japaul informed shareholders... But basically, people are skeptical about the milost "deal" . Which ever way, if the management feel theycan run with the deal, then they should prove doubters wrong with results, investment is a risk in itself... On the other hand, it seems you are japauls' pro here o...

D wize one, the company is in my watch list ni jare.
I benefited small in the first round anyway... .....but to say the truth, all I've been reading about it is more of assumptions, cautions and pessimism, let whosoever has a fact come up with it!
We all know media houses can be 'influenced and bought over' sometimes to satisfy selfish and personal interests.

Tolktob:
i don't think you got the gist ,Oga P is not a good manager and i'll advice you go and read well about the guy before you commit your hard earned money into his hands

Okay. The drift now is about how to manage the fund and not the fund itself now

alphabanks:
Is anyone having issues trying to place a buy or sell order on the Morgan platform?

Use google chrome. There is no issue with the platform.

sellydion:
Yes money. Without communicating solid plan of application.

Touch Japaul mildly else you will eventually get burnt.

Instead of assumptions flying around, I think what we should be concerned about is the fact behind this facility intervention.

If Japaul had written to SEC saying that they already entered into a binding agreement, I think its not fair on the part of the company for media houses to just be assuming things, hiding under irrelevances (such as someone not picking or responding to phone calls) to justify their claims. Too many things being done wrong in this country in actual fact.

Not speaking for or against here, but let the media pursue the substance instead of the shawdow and come up with credible evidence. Many companies are dying for lack of fund, and, if few ones had gotten investors, I think the right thing is not to bring politics or sentiments into it.

RabbiDoracle:
$250m and $100m.
See money.

The financial facilities disbursement might not be clear as at the time of writing the letter

I however pasted this link in response to Wanaj0's claim that shareholders were not carried along nor gave their approval.

wanaj0:
You are free to buy JaPaul. No one has any right to stop your investment in Japaul nor MMM if you so wish.

However, shareholders of JaPaul need to approve the purported $250m injection and share issue to 'Milost' the Santa Claus investor. That is not yet done so everything na 'NOISE'.

@wanj0, pardon my ignorance o, dont you think Japaul already did that before writing to NSE?

See it here: http://www.nse.com.ng/Financial_NewsDocs/20891_JAPAUL_OIL_PLC_-_EQUITY_FINANCING_CORPORATE_ACTIONS_FEBRUARY_2018.pdf

'Hot ice' rapper, does this sound to reasoning? Hot and Ice

Mpeace:
Anything that will bring about those Malaria induced dream prices will also bring Zenith to 13, Gtb to 15, FBNH to 4, Dangflour to 3, Dangsugar to 7 etc

LOL

Think the guy is just joking but his jokes used to be expensive and provocative most times

One day, one day, Nigeria go better

predmine20:
omojesu202 what a moniker,the opposite of you.
I will advise you to delete that moniker of yours because you ain't what it symbolise.
I will share another life touching story here,if you like it or not na you sabi.
Come and beat me.mtchew

LOL

Maybe it will be easy to answer the questions if they are numbered.

Hope @mod can push it to front page for wider view anyway.

Remimadrid:
Am i the only one here that find this story hard to believe.

Very possible!
Sadly, cases like this abound these days, only that it's not publicized most often. The girls involved would have been so much threatened that she'll be afraid to sayvit out.
I've read and heard similar things like this.

@op, The girl should try and confide in someone very close, a neighbour maybe, that can monitor him and get that evidence.

In the meantime, I think your dad is a slow person. He ought not to take such report lightly, still telling you to get an evidence first. Which kind of dad is that?

@predmine20 *post modified*

Gofwane:
Eeewwww...
Even my grandmother boobi make sense pass this girl bress

See as the thing com be like condemned tyre tube wey Hausa people dey stitch and use am to fetch water from the well

Haha! See bad mouthing!! Chai!!!
You guys have got no chill at all

ubunja:
if money is your priority why not go get it yourself.?? im after pvssy. you have it?

Im not answerable to you.

Keep going after pvssy since that is your priority, just remember that karma is good at waiting in a very strategic corner.

Congrats!