₦airaland Forum

sterlingD:
I need some clarification how will they determine those to be paid N86 .Is there a qualification date to use to determine this.l saw in the scheme of arrangement record date as 25th September 2024 and closure of register date as 25 - 27 September 2024.

The Court Ordered Meeting just took place on 14th November, so there's no way September dates can be used.
The AGM resolution needs be approved by SEC and appropriate authorities (who ordered that the meeting be held in the first place).
The resolution has been submitted to NGX/SEC... ...and upon approval, trading in the stock will be placed on hold/suspension...
Closure of register will follow and all registered minority holders after Closure of Register will be paid off (N86/share).
The pay off will take place within 14 days.......according to FMN/Excelsior.

megawealth01:
Wale seems to be doing his thing quietly but make I no talk wetin I observe before here go turn VAWULENCE by both pretenders and contenders

Better make you no start the vawulence.......lol. 😁

There seems to be some kind of coded accumulations while the stock is still on "quiet" mode for now.......

Meanwhile, more heavy cross deals continues in JAPAUL......
Someone will not see all these heavy cross deals now, when the stock starts moving, they'll be quick to tag it MH.....

ositadima1:
I remember pushing FCMB's price down with just 300k in 2020 and announcing it here when I was still a Learner—with a capital "L." Everyone was furious, throwing attacks left and right. The only one who defended me back then was Mcy56. She thought I was the quiet type—lol.

😁

Agbalowomeri:
Overhead supply ni
Until that person is done selling,una go nowhere

Lol.
A strong catalyst or MM should help clear him out of the way at the right time. 😊

^[/sup][sup]FIDELITYBK
Those roadblocks @15....
Once it's trying to overcome the barrier, some offers surfaced at that junction again.....
Could it be deliberate or just normal?
Think a strong catalyst is needed to push it across....

crownprince2017:
Can we say it was a bad investment that time is my question?

FLOURMILL wasn't a bad investment...
If not for the FX losses incurred by most of these FCMGs, it's shouldn't have been trading below N100.....then, the exit news again...
It's in the league of Buafoods if not more than self.
That's just my layman's view of it.

KarlTom:
Actually FMN would have remained as it was IF NOT for the buyout...

Did you check out FMN assets and results?
It's a stock that hardly gets attention quite alright but it has been doing slow and steady move over years.......from 14 that I can remember noticing it.

FLOURMILL
Resolution passed at the Court Ordered Meeting and AGM.....
N86.00 Buyout Price

https://doclib.ngxgroup.com/Financial_NewsDocs/42625_FLOUR_MILLS_OF_NIGERIA_PLC-RESOLUTIONS_PASSED_AT_FMN'S_2024_COURT_ORDERED_MEETING_CORPORATE_ACTIONS_NOVEMBER_2024.pdf

https://thesun.ng/flour-mills-raises-minority-buyout-offer-to-n86-per-share-secures-shareholders-approval/

Mega, na you come quote me o, me I don modify am....😁

GTCo @56!

ACCESS
Showing lots of strength today.....
Now @25
What's happening? Renewed interest?

FLOURMILL
Full bid @78.65..

OANDO
Cross deals done earlier @64.75

talk2me2:
Linkage Assurance bonus has been added

Thanks.

Ginalex:
oh! Please where can I input my bank account number biko

The account you see on top of the withdrawal column is your Trading Account number, your CSCS number.
Just input the amount and submit
They already have your account details with them thru your account opening form/KYC when you registered.

Congrats dear.

SonofElElyonRet:
This thread don dey turn awada kerikeri small small 😁

Some comic relief aren't bad after all...
Better than insults, attacks and deliberately finding troubles...
The Ogas on top also do engage in comic reliefs once in a while....when they were active here......the kind of comics you still learn from.

Panadee:
Follow-the-money Analysis

No be small thing.....😁

Zagee:
yMcy56 for SEC chairman unopposed!! Grand Protector of the Shareholders, GPOS designated! Twalé 🙌🏽

Lmao
Someone will call it shellholders o. 😁
Cray fish holders association no go gree for Wale..😁

Streetinvestor2:
Thanks.This is better reason than some balablu we read here..lol

Oga, try and move pass this subtle insults...
You don big pass all these jabs....😊
You can always skip the balablus once you sight any.

Sunrisepebble:
Finalized at 86. Just got confirmation

Ok. Thanks.

We need to know the fate of Honeywell now...

TheAristocrat:
Well, the majority shareholder got their way as the transaction was approved at 86. Its a sad one.

Majority shareholder wasn't involved, it was clearly stated that they won't be voting during the AGM, so I think the majority shareholder was somehow silent, if not, minority won't easily have their way....
Majority would have dictated the direction.

Another good thing (which scared people intially), is that WTH won't be deducted!!
Chai, this analysis paralysis has denied some people the opportunity to buy this stock above 62/63....

Sunrisepebble:
What was the final approved price? 86 or 100?

We will get clarity later, I dont have it yet.

Sunrisepebble:
From Twitter, im sure this is one of you RE: FMN
"Board of Directors changing price now to N86.00
Shareholders refuse and insist on N100
Stalemate...
Flourmill Plc update..."

The only saving grace we highlighted here that time works well now....
Shareholders' voting power! 🙌

Now some other ones planning delisting should better learn from here! 😁

If OANDO like, let them talk about delisting again, they wont part with anything less than N300 😁

WAPIC exit also stalled......guess shareholders also refused the 0.69 buyout price...

FLOURMILL
Full bid @71.50....
Exit price increased...

Raider76:
You seem to have infinite trust in what companies are doing. They do make mistakes sometimes you know.

Infinite ke!! Definitely not.
But one thing that I know I'm fond of is to stick or align with my convictions at a particular point in time, regardless of any negativity anyone may post..... that's what they used to mistake my "stance" for "emotions" here.....😊

See this Tantalizer wey we don dey talk here together with Megawealth01, they talk say na "rofo-rofo" stock, stock fish, trap, trying to dump on people, etc.
You should have asked who are those queuing to buy now......

See EUNISELL wey I don do DD on tey tey and discovered the total OS was 237M as at then, deals with cloud storage, etc....
Me self, dey no allow make I enjoy my research sweat before dem send am to 10+, something I saw at 2.90/2.91 and nobody was even looking at its side....

At different times we do bring these so called stock fish here backed with some Analysis and possible bright future should some fundamentals improved, but once it doesn't respond on time or some fundamentals needs be put in place, they'll start their usual insults.

Mpeace:
Access have acquired another bank abroad. Na wa oh. E be like say dem go soon start to share all these banks to shareholders as them no want pay good dividends.

Lol
ACCESS will be good for long term because na jollyment by the time all these planting are yielding good fruits.

https://nairametrics.com/2024/11/14/access-holdings-plc-acquires-of-majority-stake-in-mauritius-fourth-largest-bank-afrasia/

https://doclib.ngxgroup.com/Financial_NewsDocs/ACCESS_HOLDINGS_-_ANNOUNCEMENT_ON_ACQUISITION_OF_AFRASIA_BANK_LTD.pdf

oyewole123:
Morning All
Just need an advice pls
Can I sell part of my UCAP bonus now or there is a time restriction or other restrictions not to sell now ?? Thanks

You're free to sell if you so wish.

FLOURMILL
They're mopping @70 but avoiding 100k single buy that can officially appreciate the price....
Maybe Excelsior or proxy is responsible for this..
Or insiders that are privy to private info...

Today 14th is their AGM

SonofElElyonRet:
Regal

Regal not yet added

Sunrisepebble:
On Aradel, I think anywhere below 500 is a fair price. Im hoping for another pullback to load well, while mopping up anytime its at days low. About to mop at 490 again. If im lucky it reaches 400 or below again, I buy all I want and forget about it for years

Better watch the price movement first....
It's selling @482 presently

ARADEL
The seller seems to resume in market since yesterday
Maybe it's individual investors anyway

Oakbranch:
I would appreciate it if you can help me with their phone number. I want to speak with Mr Emmanuel, please

Daniel: 08137536486
Morgan: 08115190550; 08115190510

Agbalowomeri:
CNa so one babe carry me go TOTAL EXPERIENCE in Lagos say I need deliverance.

This got me lmao..
You sure need deliverance 😁

Ow0eg0kudi:
onegentleguy posted a while back on how to liquidate equity investment in percentages. I have been searching for the post but couldn't find it.

Can anyone help me?

You can direct the question to him, maybe he'll come online to reply you OR send a private message to him.
I don't seems to understand the request either.

To send him a private message:
* Search for his username here...
* Click on it, it will take you to his profile page
* Then click on Send Email Message to him and submit.