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Foxxymobile Street Insider | Winners Vs Losers — Chams Rights Extension

Trading 38 days ago Participants (0)
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    Foxxymobile Street Insider | Winners Vs Losers — Chams Rights Extension

    Winners

    Chams Holding Company Plc — Buys time with SEC-approved 10-day extension (now Sept 26, 2025) to boost uptake.

    Shareholders (Record date June 16) — Still have a shot at 1-for-2 rights at ₦1.70/share.

    Growth Story — Fresh capital could fuel expansion + strengthen balance sheet.


    Losers

    Short-term Sentiment — Extension hints demand may have been sluggish.

    Dilution Risk — Non-participating holders risk shrinking influence if take-up improves.

    Clock Watchers — More supply hitting the tape can weigh on price near-term.


    Foxxymobile Take
    Chams is leaning on investor patience to secure its ₦3.99bn raise. If fully subscribed, it’s a capital base win; if not, extension fatigue could sour sentiment.

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