Dangote flour

[BigJay01]

Well, i have just applied blindly for just about 35000 shares using Dang sugar and Dang cement as precedents. I may well be wrong and that becomes a wasted / gambled N0.5m. But then again, I am thinking whats the name of this game? the last time I checked it is called risky business.

I am not looking at what happened in the past, I have to go away and console myself with a Warren Buffet quote "If past history was all there was to the game, the richest people would be librarians"

Again, I may fall into a different stata to others, I am in for the long haul.

"Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well." -Warren Buffet

Call me loony if you like

[mastro]

Originally Posted by windywendy

But wait a minute, what about NASCON which he sold at N22?

You have me there I guess that is the exception that proves the rule

But seriously NASCON came to the general market at N5.25 or something, it's currently N15 or so (though trending downwards, I wish I could short the Gidi mkt) so can't really be called a failure, it spent the last 6 month+ above the N5 level. As for the .. er offer perpertrated at N22, no comment.

There is of course the posibility that Dangote has decided to take the mkt for all he can keeping maybe Obajana private. Who knows , you pay your money, you take your chances or walk away, no-one ever lost a penny not buying a stock.

[bolanle]

Any information on Dangote flour after the public offer?

[laman]

Rumour, 110m worth of applications. monies will be returned. na wa

[kazeemy]

what criterial do they use to determine monies to return? Application date or quantity of shares?

[woody]

pls wen will we start seein dangote shares in nd newspaper 2 know how it`s doing everyday

[pumping]

Originally Posted by kazeemy

what criterial do they use to determine monies to return? Application date or quantity of shares?

Quantity of shares. Those that requested for the least will be allocated most in proportion of their request.

[kazeemy]

Originally Posted by woody

pls wen will we start seein dangote shares in nd newspaper 2 know how it`s doing everyday

Important dates and times
Offer Open Date Thursday, Sep 06, 2007
Offer Close Date Monday, Oct 08, 2007
Allocation Begin Date Thursday, Oct 11, 2007
Allocations End Date Thursday, Nov 01, 2007
Results of Allocation Announced Tuesday, Nov 20, 2007
Crediting of CDS Accounts with Shares Thursday, Nov 29, 2007
Dispatch of Share Certificates Thursday, Nov 29, 2007
Crediting refunds through electronic funds transfer Thursday, Nov 22, 2007
Dispatch of refund checks (if applicable) Thursday, Nov 22, 2007
Commencement of Trading on Nigeria Stock Exchange Wednesday, Dec 05, 2007

[jacobians_l2004]

at 3.90 naira is it a good idea to buy their shares? I'm looking at 10,000 shares if it will be profitable.

[Apache]

Originally Posted by kazeemy

Important dates and times
Offer Open Date Thursday, Sep 06, 2007
Offer Close Date Monday, Oct 08, 2007
Allocation Begin Date Thursday, Oct 11, 2007
Allocations End Date Thursday, Nov 01, 2007
Results of Allocation Announced Tuesday, Nov 20, 2007
Crediting of CDS Accounts with Shares Thursday, Nov 29, 2007
Dispatch of Share Certificates Thursday, Nov 29, 2007
Crediting refunds through electronic funds transfer Thursday, Nov 22, 2007
Dispatch of refund checks (if applicable) Thursday, Nov 22, 2007
Commencement of Trading on Nigeria Stock Exchange Wednesday, Dec 05, 2007

You might want to extend most of these dates by 2 weeks since the offer was extended by 2 weeks and wasn't factored into these timelines that were contained in the prospectus. so you might look at trading on the floor by end dec or early jan 08

[bolanle]

Thanks for the response

[nezvest]

my dear no one has everbought Bagco but I cn assure you that it is one of those companies that you can never regret investing in. Check the anticident of the parent company then you can answer your question which is buy!

[nezvest]

my dear no one has everbought Bagco but I can assure you that it is one of those companies that you can never regret investing in. Check the anticident of the parent company then you can answer your question which is buy!

[easimoni]

Originally Posted by nezvest

my dear no one has everbought Bagco but I can assure you that it is one of those companies that you can never regret investing in. Check the anticident of the parent company then you can answer your question which is buy!

Bagco is the most expensive IPO in Nigerian history. Buy at your own peril. It could turn out to be worse than the N90 PO of Oando in 2004. (How has that worked out?)

[Apache]

Common guys, there's already an existing thread for Bagco. Let's restrict this post to Dangote Flour.

[shakasha]

I think BagCo will dip in price slightly post offer but is a potential investors' toast considering the backbone they have on ground. They are planning to repay loans but yet projecting profit for next year. That shows they used the loan wisely and acquired structures are already good to go!!!!!!!!!1

[Gengen]

Bagco's offer is mainly for repayment of bank loans. The plan is to use 90% of the offer is repay loans. The points to note are:

• Could it be that these loans were obtained with high interest rates?
• Which bank(s) is/are Bagco owing? Could it majority be from Zenith, who are the issuing house? Note the issuing house now underwrites 80% of the offer. If the major part of the loan is from Zenith, it will just convert its loan to equity if it is undersubscribed.
• What led to the company owing this much? Have they recovered from the cause of this?
• There is also a need to compare it with other companies that survived Nigeria's high banking rates.
• On the other side, conversion of loans to equity might be a smart that can lift the weight of high bank interests and make the company more profitable. I know some companies did same some years back.

[Dis GuY]

this is for dangote flour right?

does anyone know when it will be listed and at what price? a guess will do

[EIC]

There is a thread for BAGCO here http://www.stockmarketnigeria.com/fo...lic-offer.html


This thread is for Dangote

[kazeemy]

I bought the dangote flour public offer before I receive my cscs number, is there any way I could ask them to credit this account instead of receiving by mail?

Thanks in advance.