If I have shares with them, what can be done? Since I won’t be able to sell
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Have you ever been to the market, let's say the busy Oshodi Market in Lagos, where you notice some shops are closing up and some traders are packing their goods to leave? It's a sign that the market day is ending, right? Well, when a company is about to be delisted on the Nigerian Exchange Group (NGRead more
Have you ever been to the market, let’s say the busy Oshodi Market in Lagos, where you notice some shops are closing up and some traders are packing their goods to leave? It’s a sign that the market day is ending, right? Well, when a company is about to be delisted on the Nigerian Exchange Group (NGX), it’s kind of like that.
Delisting happens when a company is no longer meeting the requirements set by the NGX. It could be because the company is struggling financially, not submitting necessary reports, or even deciding to go private. Just like the traders leaving the market, the company may be leaving the stock exchange.
Now, if you have shares in a company that’s about to be delisted, don’t panic. You still have options. You can choose to hold onto your shares even after delisting, hoping the company turns things around. Alternatively, you might be able to sell your shares on the over-the-counter market. This is a way to trade shares privately after they are no longer on the official exchange.
Remember, investing in the stock market comes with risks, including the possibility of a company being delisted. It’s essential to stay informed about your investments and seek advice from a qualified financial advisor when needed. Don’t forget, just like in the market, change is constant, and being prepared for it is key.
See lessWhen you buy share with any company, you need to keep an eye on there progress which include tracking there financial documents with regularly checking there responses to NGX rules and regulations. So, if NGX will delist them, the company would have repeatedly fails to submit its financial statementRead more
When you buy share with any company, you need to keep an eye on there progress which include tracking there financial documents with regularly checking there responses to NGX rules and regulations. So, if NGX will delist them, the company would have repeatedly fails to submit its financial statements, violates NGX listing rules and that will attract sanctions from NGX or a compliance notices against the company. Also, if the company fails to meet the minimum requirements for continued listing. All these and many are indicators of possible delisting signs or signals you will begin to take note of.
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