An overview of DAAR Communication plc public offer.
March 7th, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
By Ikechukwu Emelike
DAAR communication plc is one of Nigeria’s foremost private independent broadcast outfit. The company was incoporated on the 31st of August 1988 as a limited liability company which had the objective of broadcastng, printing, publishing, telecommunication,and other allied multimedia services. It was later converted to a public liability company on April 23, 2007.
The communication company which is currently in the market with an initial public offering by way of an offer for subscription of 1,829,478,000 ordinary shares of 50 kobo each at N5.00 per share and one of its subsidiaries, DAAR Investment & Holdings company limited offering for sale 960,000,000 ordinary shares of 50 kobo each at N5.00 per share, has both local and international broadcast stations with affilliate stations numbering over 15.
The offer is supposed to last from February 25, 2008 to March 31, 2008. DAAR launched its broadcast services in 1994 with the promotion of Nigeria’s first private independent radio station, Ray Power 100.5 FM, a second channel Ray Power 106.5 FM comenced formal operations in April 1999. It had earlier launched a 24 hour global television service with the call sign- African Idependent Television (A I T). In the last quarter of 1999, DAAR launched the DAAR broadband internet servises with capacity for vioce, internet access, video conferencing, data, telephony and other multimedia capabilities.
According to the offer prospectus, the company has made steady and appreciable progress. In the past five years of its operations, turnover has grown by 287 percent from N652.7 million in 2002 to over N2.53 billion in 2006. The offer prospectus also shows the company’s projections from 2007 to 2010. It projects turnover moving to N3.2 billion in 2007, N10.2 billion in 2008, N17.6 billion in 2009 and N25.0 billion in 2010.
To view a copy of the offer prospectus click here
(3 votes, average: 4 out of 5)
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Pls Sir,I need my satificate.I Bought 500 unit on DAAR COMMUNICATION SHARES. NWEKE IKENNA INNOCENT ARAROMI.ST ANIFOWOSHEIKEJA
Pls sir, when are will going to get the certificate of share we bought early this year.and we are not hearing any news regard the share?.thanks.
pls when is my share certificat going to be ready, pls i need detail information on the next step to take. I bought 6,000 units
i am one of those who purchased one of the shares this year and my divided and my certificate as not been given to me at all.pls i need reply from you to my email address.
thanks
yomade.
HI WHEN IS MY CERTIFICATE GOING TO GET TO ME I BOUGHT 1000 UNIT AND I NEED IT TO KNOW I AM SECURED IN BUYING THE SHARE AND HOW MUCH IS THE DIVIDEND IS IT NOT GOING TO GROW
When will I get my certificate of your shares I bought? It’s really taking time now.
Hello! i bought daar communication plc shear early this year, when i my going to recieve my certificate? and must i open a current account? i have savings account allready. thanks.
Please Sir, I have been expecting my share certificate which i bought during the public offer from Ecobank Sabo branch. Is my certificate not ready yet? Please i need a positive reply urgently.
Please Sir, I have been expecting my share certificate which i bought during the public offer from Ecobank Sabo branch (1000units. Is my certificate not ready yet? Please i need a positive reply urgently
when is the certificate of the daar communication shares going to be given to us trhat bought the shares. please i want to know.
I need the certificate to certify that i am one of the people that has the daar communication shares, please send immediate report to my email madelro@yahoo.com and please how do i open my css account.
please sir, when is the certifcate of the share we bought going to be given to us.we have not been hearing any information about it.
thanks sir.
i want to use this medium to seek the indulgience of ur organisation(daar communication plc)to keep me informed as soon as the certificate for atestification as a share holder in ur company is out.my new email is real12020@yahoo.com.i applied for 4000unit. i shall be glad when my request is granted.thanks
the shares i boought early this year in abuja 1000units eco bank when will i get the certificate,
hello, daar communications,i think reaching your subscribers with any development regarding your IPO will, a long way help somebody like me, who is for the 1st time buying shares.to me am desperate to know if iam a successful shareholder in your company through you sending me a message through my email address or through my mobile line(08030574805).thanks
pls may i know the reason for the delay in releasing my certificate. i need to the performance figure to enable me initiate the plan for which i bought this offer. Daar comm. should know that if i am not pleased now i may not petronize them next time. my total stock 20,000 units.( radio and investment)
I bet it cannot be over-emphasized that we want our certificates, please, let this get to the appropriate authorities.
If my purpose for buying Daar communication share becomes defited, i will never patronise them again. my e-mail justuzoma@yahoo.com., 08036687539.
please i need updates.
I brought 2000unit,when am i going to collect my certificate,because it is getting too late,please mae it snappy ok THANKS.
still on the issue of share certificate.pls when are we likely to get it.
when is AIT going to be listed on the stock market and when are we also getting the shares certificate?
Pls you can tell me about any news about AIT that i’ve not asked for.
Thank you.
We the above names bought shares from your company, uptill now we have not received the certificate, please replay through the Email. Thanks
We the above names bought shares from your company, uptill now we have not received the certificate, please replay through the Email. Thanks.
Email - alexiyke2005@yahoo.com
I am concerned that after 6 months of your IPO,I have not received my share certificate and more so it has not been listed in the stock exchange
Sir’
Please when will I collect my SHARES certificate?
Thanks.
Dear Sir,
I bought 1000 unit in your last share offer. I want to know everything about when is the certificate going to ready, when am I going to be entitle to dividend. And how dividend do I likely to take in a year.
This is my e-mail: boriowosed@yahoo.com
Thanks.
THE RESULTS OF YOUR IPO HAS BEEN OVER DELAYED. WHAT IS HAPPENING? YOUR STOCK HAS NOT BEEN ENLISTED AND I WANT TO KNOW WHEN I WILL GET MY CERTIFICATE.
WEN WILL I EXPECT MY SHARES CERTIFICATE FOR DAAR COMM. PLC? PLS I NEED A REPLY THRU MY E-MAIL ocheoche@yahoo.com
I bought 1000 and another 1000 share for the two different share on offer for My friend Mr. Joel Muse. Please when will the certificate be ready, I will like to collect it from the registrars( First Registrars) myself.
Thanks
Ogbonna Harmony
sir, the certificate has been sent to me.
thanks.
DEAR SIR
I BOUGHT YOUR SHARE,PLEASE I WILL
LIKE TO HAVE CERTIFICATE.
PHILIP JOHN)NO9 OZUBOKO ROAD OFF
ABULOMA PORT HARCOURT…….
i nwogbo osita john 4rm enugu with e mail osy4wealth@yahoo.com is still when do i expect my share cert.because it has lasted more than 6 months.
Please send my certificate for the public offer i bougth since March. I am Jacob Yenyi Account no.1241001006691 of Oceanic bank. “No longer with UBA Please.”
pmb 21609 NADC NAF Base Ikeja.email address is; yenyijac_b@yahoo.com
thanks for your anticipated cooperation.
Your’s Faithfully,
Yenyi Jacob.
but i look into all comment somebody comment that u had send him is certificate,but why u dont send my own to me,plz,do that immediately…thanks
pls when am i going to get my share certificate, pls reply to my E-mail address.
am hamsat mariam enniola i bought share of 1000 units but i got no certificate whoule ple resend my certificaate
am hamsat mariam ,i bougth a 1000units of shares in daar communiaction this but til now i got no certificate
Hi, thanks to DAAR Communications! I just got my Shares certificate from them. It’s quite quick unlike others.
May I know how replies to the listed enquiries are seen since answer to one enquiry may make it unnecessary for one to repeat same, having received answer to intended question from another’s
gongratulation 4 ur shares bn listed on the floor of nig stock exchange. pls im still expecting my certificate, why are u delaying it? reply to my email
modekakason@yahoo.com .thanks.