25th April 2007, 06:19 PM
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Deap Capital set to surpass financial forecast ... Offer closes today
Deap Capital set to surprise?
Quote:
Vanguard
Deap Capital set to surpass financial forecast ... Offer closes today
By Peter Egwuatu
Wednesday, April 25, 2007
From all ,indications, DEAP Capital Management & Trust Plc is set to surpass the financial forecast for the year ending September 30, 2007, just as the subscription for its public offering will close today.
The unaudited result for 6 months ended March 31, 2007 shows a profit before tax of N118million. This is about 50 per cent of the forecast profit before tax of N227million shown in the offer documents for the on-going hybrid offer of the company which is expected to close on April 25, 2007.
According to the MD/CEO of Deap Capital Management Plc, Mr. Emmanuel Ugboh, from the past trends, the second of the half financial year is always better in terms of returns and it is therefore expected that the forecast will be more than achieved.
http://www.vanguardngr.com/articles/...425042007.html
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