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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38 days agoFoxxymobile 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.