₦airaland Forum

yMcy56:
It didn't go thru because minority shareholders voted against the proposed price, N37.10.
This is a different ball game entirely.
At the Court Ordered Meeting, minority also have to vote....
If it's against, it can't fly.

Remember: PZ proposed N21 initially, it was rejected......N23 rejected by minority holders...

They later up it to N37.10, which was the highest price within the time AGM occured, and yet rejected again.

** Note: Majority shareholders were not allowed to vote, so it went in favor of Minority shareholders.

Streetinvestor2:
It is not sustainable because u said so.i don't get it.We will still have green tomorrow

Streetinvestor2:
It is not sustainable because u said so.i don't get it.We will still have green tomorrow

Ginalex:
are you serious?

yMcy56:
Exit price of N23 rejected.
Then a debt to equity conversion of N37.10 as a revised amount was also rejected by the shareholders because it's the majority shareholder, which is PZ Cussons Holdings that was owed...
It's just a strategy used by PZ to acquire the majority stake in PZ Nigeria...
Accepting this small amount may have negative effect on the minority in the long run probably....
So minority shareholders rejected it.

** Remember, SEC did not approve the exit of PZ from NGX.
What this means is that PZCH will now be awarded more shares of PZ Nigeria at cheap price, then later later, will still opt for delisting probably......and may want to pay peanut, which minority saw thru their plan.

Na my understanding be this anyway.

yMcy56:
Exit price of N23 rejected.
Then a debt to equity conversion of N37.10 as a revised amount was also rejected by the shareholders because it's the majority shareholder, which is PZ Cussons Holdings that was owed...
It's just a strategy used by PZ to acquire the majority stake in PZ Nigeria...
Accepting this small amount may have negative effect on the minority in the long run probably....
So minority shareholders rejected it.

** Remember, SEC did not approve the exit of PZ from NGX.
What this means is that PZCH will now be awarded more shares of PZ Nigeria at cheap price, then later later, will still opt for delisting probably......and may want to pay peanut, which minority saw thru their plans.

Na my understanding be this anyway.

Ginalex:
No vex o. Na evening class I attend 👀👀. Does this translate to a buyout price of above 37.10 if the delisting for whatever reason pulls through?

Streetinvestor2:
It is not sustainable because u said so.i don't get it.We will still have green tomorrow

megawealth01:
Head of JAGABANomics off to Europe. Thanks Sir for what you did with UNITY BANK 💕

megawealth01:
What this means for a potential future delisting:

If PZCH still wants to delist, they’ll need to come back with a new exit offer that passes both minority shareholder scrutiny and SEC approval.

Since ₦23 and ₦37.10 were already rejected, a future offer would likely have to be above ₦37.10 to stand a chance especially considering inflation, FX pressures, and market valuation.

Minority shareholders’ rejection shows they are alert, so SEC would likely insist on a fairer valuation (often linked to recent trading averages, book value, and peer multiples).

If delisting eventually pulls through, the buyout price will almost certainly have to be above ₦37.10. It may not skyrocket, but anything lower than that is unlikely to be accepted again by both minority shareholders and SEC.

yMcy56:
It didn't go thru because minority shareholders voted against the proposed price, N37.10.
This is a different ball game entirely.
At the Court Ordered Meeting, minority also have to vote....
If it's against, it can't fly.

Remember: PZ proposed N21 initially, it was rejected......N23 rejected by minority holders...

They later up it to N37.10, which was the highest price within the time AGM occured, and yet rejected again.

** Note: Majority shareholders were not allowed to vote, so it went in favor of Minority shareholders.

Ginalex:
thank you 🤗🤗

crownprince2017:
Lasts last you will end up in money market like agba after you don't wait 10 years for bottom. The results can't be different from that of your mentor.

yMcy56:
No one knows it all in this market....
You're just reading trend I guess....
Market can be unpredictable......
If you can categorically tell us when the market is hitting the bottom and it happens so, then I'll give it up for you.

* Hope you have the patience of Agba to keep waiting and keeping vigil to wait for the bottom?
Hope you're also ready to wait for as long as many years?
If you see the bottom, hope you no go pick race again? 😁

yMcy56:
He don drink garri so teyyyy, he's almost relocating to Ichimoku cloud now 😁

Bought GT @18, sold @36 or 38, and he's been waiting endlessly for the round trip. Lol

Bovis:
I did have a look at Ellah over the weekend fwiw.. but the numbers are quite depressing and it’s grossly overpriced. I’m afraid, I now share Street’s views on Kpakus and still prefer Okomu Oil as a growth stock at cp

PS:

This current pullback is an opportunity to average down on dividend paying quality stocks. However, some folks will soon start blaming President Tinubu for their poor judgement on Oando/Wale🤫

Ginalex:
No vex o. Na evening class I attend 👀👀. Does this translate to a buyout price of above 37.10 if the delisting for whatever reason pulls through?

KarlTom:
The PZ offer was not a buyout of minority holders but an offer by PZCN to 'convert' the debt of PZ to equity.

It fell through because they did not get the required 75% of the minority holdings even though most of the minority holders voted to accept the offer.

That shows that the more the units held, the more your voting power...

yMcy56:
* Kpakus on full bid @12.98.....
* VERITASKAP on full bid @1.98.....
* Heavy cross deals in NB, STI...
* ARADEL has been trying to shake body and move up.....but the seller......how far can he continue to hold this stock down?
* ACCESS lots of activities.....
* ZENITH lots of activities...

megawealth01:
They can't get that 75% except some of us decide to reduce our holdings

SonofElElyonRet:
Small small una don dey change their name to that monstrosity

megawealth01:
In the days ahead I will have to focus more energies on UNITY BANK sha

I want to do what I did in FIDELITY BANK with UNITY BANK or whatever name they rebrand to...

Generational wealth is the TARGET

Ddll:
The Billionaire, please do you have an idea of a timeline of their return to the market?

Yoursfaithful:
Are you minding them? ..that should be on Monday as there's public holiday tomorrow ..