₦airaland Forum

Mpeace:
If they issue additional 100million shares at 2,500. They will get the N250billion

Sunrisepebble:
https://doclib.ngxgroup.com/Financial_NewsDocs/44633_PRESCO_PLC_NOTICES_OF_ANNUAL_GENERAL_MEETING_(AGM)_-__ANNUAL_GENERAL_MEETING_(AGM)_JULY_2025.pdf
Line 12: That subject to obtaining the approval of the relevant regulatory authorities, the Directors of the
Company be and are hereby authorised to raise capital of up to ₦250 billion (Two hundred and fifty
billion naira) by way of Rights Issue, through the issuance of ordinary shares, on such other terms and
conditions and at such time, as the Directors may deem fit or determine.

debeey87:
They will also be converting loans owed to related parties to equity through the rights.

The release referred to a court case where some persons asked the court to nullify the AGM held last year. Presco is also seeking to prevent those persons from acquiring the company shares (page 5, note n). Any idea who those parties might be. Not sure it's in the news.

debeey87:
They will also be converting loans owed to related parties to equity through the rights.

The release referred to a court case where some persons asked the court to nullify the AGM held last year. Presco is also seeking to prevent those persons from acquiring the company shares (page 5, note n). Any idea who those parties might be. Not sure it's in the news.

Care4:
Fill e-div form with REGISTRARS for each stock you are holding.

Mpeace:
If they issue additional 100million shares at 2,500. They will get the N250billion

Princkez:
ELLAHLAKES needs #250b and PRESCO also needs #250b both wants to acquire assets...hmmm let it not be what I'm thinking ooo.Upcoming events will shock many people.

Zegra:
They'll declare a fantastic Q2 result and push the share price to 2000 and then issue the right at N1500

Mpeace:
There is a huge oil plantation in Imo state, one of the largest in the country. It's currently being mismanaged by government officials of Imo state. Maybe they want to buy it from the governor.
That's the one I know that might be worth that price. It's called Ada Palm plantation. You can Google it. It has good videos online.

Streetinvestor2:
Sorry it is our heritage. It is not for sale.

Princkez:
ELLAHLAKES needs #250b and PRESCO also needs #250b both wants to acquire assets...hmmm let it not be what I'm thinking ooo.Upcoming events will shock many people.

Mpeace:
It is the biggest Palm plantation in Nigeria at the moment but the most mismanaged

jonnysessy:
I am not impressed with the market today. My portfolio lost some steam. Access Bank started very well but ended the same way as usual. Maybe, it better to take my mind off this market for sometime.

Streetinvestor2:
It is imo people birth right. And is a taboo to sell our birth right.All that can happen is partnership to improve its performance.
Go check how long that farm has existed

Streetinvestor2:
It is imo people birth right. And is a taboo to sell our birth right.All that can happen is partnership to improve its performance.
Go check how long that farm has existed

Divineability:
But if the property is a drain pipe like Nigeria's nnpc refineries, what happens?

emmanuelewumi:
Okomu was owned by old Bendel State now ( Edo and Delta States),

Presco was owned by Federal Government.

Mpeace:
It is the biggest Palm plantation in Nigeria at the moment but the most mismanaged

emmanuelewumi:
The biggest in Imo State and not in Nigeria.

The have about 4500 hectare of oil palm plantation

Streetinvestor2:
Oga that farm is older than me.
Nobody will sell it.It is not drain to imo state. You can say it is not bringing the right revenue to imo state.It is the legacy of our hero past.It is my state

Divineability:
But if the property is a drain pipe like Nigeria's nnpc refineries, what happens?

emmanuelewumi:
Whereas Presco has about 40,000 hectares

Streetinvestor2:
It is imo people birth right. And is a taboo to sell our birth right.All that can happen is partnership to improve its performance.
Go check how long that farm has existed

Sunrisepebble:
https://doclib.ngxgroup.com/Financial_NewsDocs/44633_PRESCO_PLC_NOTICES_OF_ANNUAL_GENERAL_MEETING_(AGM)_-__ANNUAL_GENERAL_MEETING_(AGM)_JULY_2025.pdf
Line 12: That subject to obtaining the approval of the relevant regulatory authorities, the Directors of the
Company be and are hereby authorised to raise capital of up to ₦250 billion (Two hundred and fifty
billion naira) by way of Rights Issue, through the issuance of ordinary shares, on such other terms and
conditions and at such time, as the Directors may deem fit or determine.

emmanuelewumi:
There is no sentiment in business. Presco and Okomu were loss making and needed subsidy from the government.

But when they were privatized they became profitabie, created employment opportunities and are the biggest tax payers to Edo State government

emmanuelewumi:
The biggest in Imo State and not in Nigeria.

The have about 4500 hectare of oil palm plantation

thebargainhunte:
It is the largest continuous palm estate in Nigeria

Princkez:
ELLAHLAKES needs #250b and PRESCO also needs #250b both wants to acquire assets...hmmm let it not be what I'm thinking ooo.Upcoming events will shock many people.