Investors, both existing and prospective are all warming up in excitement and anticipation of Dunlop Nigeria plc hybrid offers.

The company, last week, completed pre-offer processes for the offer for subscription of 1.5 billion ordinary shares of 50 kobo each at N2.50 per share. Also, 756 million ordinary shares of 50 kobo each will be on offer to existing shareholders as at October 30, 2006 on the basis of one new share   for every one held at N2.30 per share.

Presently, the company is undergoing a financial restructuring and expansion exercise created by an increase in demand for its all-steel radial tyres, and this would catapult the company into profitability.

Also, experts are of the opinion that the share price still has ample room for capital growth/ appreciation due to the effects of new growth initiatives by the company’s management.

Dunlop Nigeria has remained the most active stock in the automobile and tyre sub-sector of the Nigerian stock Exchange and accounts for about 50% of sectoral turnover.

The share price of the company currently stands at N4.16 and also has latent capacity to rise futher.

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