An overview of DAAR Communication plc public offer.
March 7th, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
Update: Based on the responses to this story, a follow up has been written - please see “DARR communications public offer. Matters arising”.
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.
Sir, kindly forward any recent development as in when ever the stock is rising or otherwise, so that i can always get carried along.
Hello Daar Communications,Please I bought shares with your company and up till Now I havent receive my Certificate,Why the Delay? Please reply to my email address regarding this.\
Thanks/
My Email Address is Carol_williamhere@yahoo.com, Phone 07081067466,Pls kindly respond and let me know what is going on.
ibought 1200 units of daar communication plc and my certificate is not yet received.please kindly send it to me urgently.
hello daar comms,i bought shares with your company over 40000 unit.20000 for myself and 20000 for a friend with the name khalid Haruna Adamu. my friends have received theirs.why the delay?
I bought 4000 units of the IPO of DAAR Communication Plc.
I have not receive my certifcation yet.
I do i know if my application is accepted and if accepted, when is my certificate be sent.
Please, i need an urgent reply, because my brother in Ogun State have received his own certificate.
Regards,
FELIX
I am still waiting for AIT operators of Daar Communications to contact me,I bought 20,000 Units. My phone 07081067466
I bought the daar shares of 4000 units and i have not received my certificate.
I my certificate ready.
Please reply.
FELIX
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.
This is my e-mail: Otubulola@yahoo.com
Thanks.
Dear Sir,
I bought 10,000 units of DAAR Communication Plc share offer from Skye bank,Eleme branch, Port Harcourt on 31st March, 2008. I have not receive my certifcation yet.
I want to know if my application is accepted and if accepted, when will my certificate be sent.
Regards
Fadare Samuel Olusegun (08060462165)
dear sir,
ihave being expecting my share certificate that i bought on march 2008 from sky bank Alaba international brach. pls i need your reply. thanks
Please send my certificate for the public offer i bougth since March from GTbank festac.
sir/ma,
I bought daar communication share worth #50000 since march this year through equity capitals, its getting to seven months and yet i have not received my certificate, I have friends that bought their’s late at a very low price and they’ve gotten their certificates.
Just wanna know whats happening.
Please send it to either:layer3,5th floor IGI House, No 3 Gwani Street, Off IBB Way wuse Zone 4 Abuja, Nigeria. Or to my yahoo address, or to code of conduct bureau Qtrs, blk 23 flat 6 matandi street behind military pensions board wuse zone 3 Abuja.ciao
Pls kindly send my certificate to 7 owokalu close off willmer st. ISHERI OJODU BERGER.LAGOS
My name is MKPUMA VICTOR OKORIE as stated above,my address is no 5 ndukwe street P.M.B. 339 Abakaliki Ebonyi State. I bougth 8,000 ujnits of Daarcommunication shares and I have not heard anything from you. Am even afraid whether my certificate has missed on the way. P/s I need your comment even if there is no dividend ,let me be sure that my money is not lost. my no is 08066846808 or 08085776699. thanks for your cooperation.
pls sir i have been looking forward to my daarcommunication shares that i bought early this year wit my brother’s own mr Abraham bashiru and we have not heard anything about it pls how soon our certificate will ready pls i need your reply very orgent my number is 08028368502
pls i bought my shares since it was offered and i have not received my certificate.1400 unit was bought on the 28th March 2008,u know my addresses,pls am waitting for the certificate.
wat is happening to the shares i bought, there is no reply nor certificate sent to me. pls i need to know. tanx
I ned d certificate urgently to know dat am a shareholder.
Sir, I bought one thousand unit of your share offers.
I need your reply to tell if I am in savers hand.
pls and pls i am disturbed about your not sending to me my share certificate which i bourght since march 2008. my units is 5000 units. my contact address is p.o. box 22 nsukka my phone no is 08063310877. pls i will be happy if am contacted to breif me of my fate either thruogh email or my phone. pls my fellow has gotten thiers.ejike willson
Dear sir/ma how can i go about my certificate b’cos i was one of those that purchase the Daar public offer, i also want to know how you are doing in the stock market i mean your performace.
many thanks for the good job you are doing. I bought 1000 units of DAAR IPO, but up till now I have not received my Shares certificate.I bought it from First Inland Bank, Gombe State with correct posting Address. Please What do I do?
hello Daar communication..
i want to seize this opportunity to know when i will get my certificate.
i bought sahre early this year march 500unit and i am yet to recieve any document please sir do see to my request. samuel
Dear Sir,
Please i bought 20000 units of
shares in your public offer this year
but i haven’t recieved my certificate.
please help me by telling me the right
steps to follow in solving this problem.
Remain Bless.
Ifeanyi chibuko .E no 36/38 Afubera street odakpu onitsha
please what is causing the delay in forwarding my certificate up till now i haven,t get cert for about 10,000 shares i bought is that not amazing….
pls.do s/thing on it my number is 08088495638 or email makintus01@yahoo.com or toffee_b@yahoo.com
We just keep sending request and get no response,What the hell is going on? I bought shares worth 70,000 I am just a student and hoping to secure my future,If my Application is not granted,Then refund my money,How many years will you dispatch people’s certificates,Before buying the shares,you make promises,Now are you trying to let us down or what??
Whoever is incharge of this should forward our certificates to avoid any Chaos whatsoever.
Is it when the stock has finished loosing value that Daar ‘ll send certificates or credit CSCS accounts.
What kind of embarrassment is this? Daar pls use your head and keep to your promise of sending certificates latest 15working days after allotment.
please i have not see certificate are u try to budle all the nigeria,try to protest ur emage.
Hello the great Daar group of company,
i felt very delighted each time i remember that i bought share with you people. my name is Nwali Isreal M i bought 15,000 units from Eco bank enugu,since march 26 early this year. so as matter of fact i have not recieve my certificate so should i go to any branch here in enugu to collect it. would you please advise or call me on 080 324 842 15 or email; Erikon2010@yahoo.com
i bought 2000 unit daar offer, and i am yet to receive the shares certificat, my address is No 17 adikatu street, mosan, ipaja lagos or block 492, flat2, abesan estate ipaja, pls i need a reply to no what to do next, thank you as you help me out.
Am sure of the address I filled in the share i bought from your company “DAAR COMMUNICATIONS” please tell me what is keeping my certificate? even the people that included their CSCS u have not finished lodging in their share values what sort of rubish is this? this is not my first time of buying shares and I have been receiving my certificate when due. pls let this your share not be the one to give me trouble. If you dont have capable hands why not employ the people that can do the work perfectly? Infact to tell u the truth i am sick and tired of waiting pls lets not take it to SEC for delaying my money and my time.
When will the certificate be ready?And how do i know any development regarding the share because i bought 2000 units in your last IPO.Daar Comm PLc has not been listed,what is going on with the shares?
Pls I bought 3,000 units of Daar Communications Plc shares during their IPO early this year from Intercontinental Bank Plc, Wuse Abuja. Up till now, I am yet to receive my certificate. What is the problem. Again what happens to my dividends.
Pls send your reply to augustinaa2003@yahoo.com
i bougth 1000 unit up to now i didnt get
my certificate,what is happening?when i my going to get certi,this is my p.o.box
131 maiduguri borno state
please mailed me if my certificate has been sent
Please sir i have not see my certificate this is my p.o box32 T.A.C lawna international convention grounds olorunda-ketu.iuse 10,000 naira to bought the shares only, pls i get the money from my hard struggle, pls send my certifcate to me, this my number call me-07033880532 or 070828800.
Dear Sir,
Thank you so much,I received my Certificate yesterday,I am so excited.
Hi
I want to find out if your bank’s/company’s public offer is on now. And if so, where can I buy it.
Also I will be very greatful if you will keep me informed on the latest offers in the market.
Thanks
Chima Osondu
Phone: 07089219682
Email: info.accuratefashionboutique@yahoo.com
Pls sir, I want you to enlighten me about this issue. I bought shares but I don’t have any current a/c with any bank although I have saving a/c. Is it neccessary for me to open it.Besides, what’s the meaning of cscs a/c?.If I want to open it how should I go?.Send your reply to my mail: Ajibsonsimeon2008@yahoo.com.Thanks a lot.
Dear Sir,i am an o’level student intending to study mass communication in the higher institution.Pls,how do i become your correspondent from my island in Brass,Bayelsa State.
Sir, I will be amazingly grateful if my request is granted. Thanks.
hello sir i bought 1000 units of your share and of till now i didnt recieve my share certificate i bougtt it from intercontinentalbank central market branch kaduna.and when should istart recieving dividend this my first term of buying share bye
pls sir i bought 1000 units of your share and i didnt recieve my share certificate.pls send the reply trough my email zaksmoha@yahoo.com orlukwi@rocketmail.com
Good day all,
compliment of the day,
i have totally spent all i have in writing mail to you people yet no response. at times i ask myself if i have made a wrong decission buyiny shares with your company. since march 26 early this year i bougth 15,000 units worth of #75,000 ( naira ) yet i haven’t recieve my certificate up till now. my address again is no 6 nwaezejimofor zone ugwuagba obosi onitsha anambara state inside ( ngbuka market) please do help to bring my certificate there. call 080 324842 15 or email me on Erikon2010@yahoo.com
good afternoon, please how do i get a cscs account for my self and daar plz release dividend warrants.
I NEED MY CERTIFICATE REGARDING TO THE SHARES I BOUGHT I PURSHASED 10000 UNIT AND UP TILL NOW NO CERTIFICATE HAS BEEN ISSUED TO ME . PLEASE SEND A REPLY THROUGH THIS EMAIL lizzy4luv89@yahoo.com THANKS FOR UNDERSTANDING
i just to confirm cos i buy a share of 10,000 and yet i haven’t see my certificate and please i help me out
Please I bought DAAR communications PLC share worth about N5,000 ( thats 1,000 Units) at Guaranty Trust Bank (GTB) Yobe, Damturu. Please I havent heard anything yet. Please assist.
RELEASE MY CERTIFICATE
I humbly wish to notify you that i did not receive certificate of shares i bought dated 11/03/2008 at Fidelity Bank Plc(Kano Main).
P.O.BOX 10336(Kano)Muhammad kabir Musa.
08032348739
Please reply promptly
thank u sir, have got my certificate last month
dear sir happy new year in advance,please sir sent my share certificate thank you sir
hello members of daar company,is it a crime that i bought ur share,nice that time u people refuse to send my certificate,i don,t understand u peole any longer,pls relply to dis email..(realabram@yahoo.com)tell me what is happening.
thanks
abraham.
Hello abraham ihejirika,
Please see this article:
http://www.stockmarketnigeria.com/2008/10/27/darr-communications-public-offer-matters-arising/
As we state there
“If you are one of the many that are yet to get your certificate, please visit First Registras. The company is responsible for dispatch of certificates. If when filling the offer form you indicated that you wanted your shares to be credited directly to your CSCS account, then do not expect any certificate.Instead, visit the CSCS office in Lagos and clarify from the the situation of things.”