Nigerian Sports Lottery (NSL)

[hispy99]

Originally Posted by riskreturn

NSLTECH'S 12 billion Naira PO starts next Monday (Please see the link below). But what would the 15.50 Naira offer price (a discount of 14.8% on the technical suspension price of 18.19 Naira) look like in investors' eyes, given the prevailing mood in the secondary market? What would the projections in the offer Prospectus look like?

Guardian Newspapers

It will take a lot to make me invest in this "kalo kalo" venture . This is definitely not the best time to come to the market. Let's see the prospectus though.

[knightofdelta]

Yes, it will be a good idea to see their prospectus before reaching a conclusion. Of course, it is only NSL Tech that can take such gamble by coming to the market at this time that investors are very jittery. Afterall, that's what they do for a living... gambling.

[BLUEMONEY]

Originally Posted by hispy99

It will take a lot to make me invest in this "kalo kalo" venture . This is definitely not the best time to come to the market. Let's see the prospectus though.

KALO KALO VENTURE INDEED. we are waiting for thier prospectus.

[fredski]

Originally Posted by BLUEMONEY

KALO KALO VENTURE INDEED. we are waiting for thier prospectus.

WOW unanimous verdict "KALO KALO" ...NSLTECH' Done suffer no Be small

[kenebobo]

I have never liked this company for once. I see them as a big gamble where this year you make profit and the next year you dont make anything. By the way the price the chose looks expensive to me, they should have made it a 20% discount.

[ttoladele]

Originally Posted by kenebobo

I have never liked this company for once. I see them as a big gamble where this year you make profit and the next year you dont make anything. By the way the price the chose looks expensive to me, they should have made it a 20% discount.

That is why it is Kalo Kalo, nothing is guaranteed.

[BLUEMONEY]

Originally Posted by ttoladele

That is why it is Kalo Kalo, nothing is guaranteed.

Then i wonder the guaranty they will be given investors that will want to buy thier offer.

[knightofdelta]

To the best of my knowledge, NSL got listed on the floor December 2007 and this is June 2008. Now, they are about to float an IPO. What under the sun happened to the one year rule?

[kenebobo]

Originally Posted by knightofdelta

To the best of my knowledge, NSL got listed on the floor December 2007 and this is June 2008. Now, they are about to float an IPO. What under the sun happened to the one year rule?

Maybe they placed a bann on it anything is possible these days. We have companies gaining more than 5%, Share prices arent falling. Anything is possible.

[BLUEMONEY]

Originally Posted by knightofdelta

To the best of my knowledge, NSL got listed on the floor December 2007 and this is June 2008. Now, they are about to float an IPO. What under the sun happened to the one year rule?

Usual Niger politics must be involved. this one may be one of the sacred cows. this is a classic example of the NSE saying one thing and doing another.

[knightofdelta]

Originally Posted by BLUEMONEY

Usual Niger politics must be involved. this one may be one of the sacred cows. this is a classic example of the NSE saying one thing and doing another.

Wahala. Any company that has the blessings of the NSE is best avoided. Eg Trancorpse.

[BLUEMONEY]

Originally Posted by knightofdelta

Wahala. Any company that has the blessings of the NSE is best avoided. Eg Trancorpse.

Trancorpse indeed. i like this new name

[hispy99]

SEC approves new allotment procedure for NSLs N12.4b IPO

Proshare News

[hispy99]

Guardian Newspapers

Monday, July 14, 2008

NSL's N12.4b offering opens today
By Gbenga Agbana

AFTER the postpoment of the Initial Public Offering (IPO) of National Sports Lottery Plc (NSL) scheduled to open last month, the company's IPO will open today and close on Wednesday, August 20, 2008, but it was postponed to enable more Nigerians to become part owners of the company.

At the moment, offer documents are being distributed to the offices of receiving agents nationwide, state secretariats and the FCT ministry as to ensure the availability of the documents on the offer opening day.

This offer is unique especially considering the fact that the Securities and Exchange Commission (SEC) has approved the allocation of 21,621,621 units to each state and the FCT. When completing the application forms, subscribers would be expected to quote the reference number for their states of origin in the appropriate boxes.

A total of 800,000,000 units of NSL shares are on offer at a price of N15.50 per share. An individual subscriber can apply for a minimum of 1,000 shares and additional units of 100 thereafter.

National Sports Lottery Plc is a company committed to positively changing the lives of Nigerians. The company aims to deliver 'cashlessness' to Nigeria through its 'Point-of-sale' terminals network that has the capability to process electronic transactions, including the use of bank cards, purchase of phone recharge "PINs" and the collection of bills on behalf of various institutions.

The company also has an exclusive licence to operate a national lottery.

In the offering procedure, an individual subscribe can apply for a minimum of 1,000 shares and additional units of 100 thereafter.

The Managing Director of NSL Plc Dr. Odunlami Kola Daisi said that NSL Plc was a very unique business, which was just of its kind in Nigeria and its ready to offer unique service to its clientele.

[bsr]

Anyone interested in NSL, should holla! From the prospectus, Minimum is 1,000 units and increments of 50 units. Well i can get 10 million units for anyone interested.

[waaan5]

Originally Posted by bsr

Anyone interested in NSL, should holla! From the prospectus, Minimum is 1,000 units and increments of 50 units. Well i can get 10 million units for anyone interested.

Pls where is the prospectus? If we see it, we might be interested.
Thanks.