For AMBROSE OMORDION, Chief Research Officer, INVESTDATA News, investors that have taken their right before now, made a wise decision, because they benefited from the last Lafarge Africa dividend and bonus share.
Even with the decline recorded in 2016, Lafarge Africa’s share price is still trading above N38.00 while investors that will take their right of 57 share of Lafarge Africa for 202 AshakaCem share between December 19, 2016 and March 17, 2017 will have additional cash benefit of N2.
AshakaCem is currently trading at N12.
With the voluntary delisting of the stock slated for January 17, our advice is that since the window of exercising your right is still open, take advantage of it and move on to Lafarge Africa.
This is better than holding to AshakaCem that will be delisted from the Nigerian Stock Exchange very soon.
Lafarge Africa has the potentials of rebounding in the medium to long time.
For the form to take advantage of the offer, kindly visit the company’s registrar, CardinalStone Registrars Ltd, 358 Herbert Macaulay Road, Yaba Lagos.