Dangote flour

Geeman · #1 (**permalink**) 5th July 2007, 02:09 AM

The Punch Newspaper has reported that Dangote Flour's IPO will be floated soon on the NSE. Prospective investors will pay between N14-16 for the long awaited stocks. This forum has been hinting at the possibility of this IPO for sometime now and members have hopefully been saving towards this.
For a detailed report, please check this link
http://www.punchng.com/Articl.aspx?t...20070705213629

windywendy · #2 (**permalink**) 5th July 2007, 01:51 PM

Thanks Geeman, this is good information.

alanbow · #3 (**permalink**) 12th July 2007, 02:08 PM

....and even more info. Will only be available for 10 business days and just 750millions shares will be made available out of the possible 5billion.

http://www.proshareng.com/myproshare...ws.php?id=2601

Stacks · #4 (**permalink**) 12th July 2007, 04:55 PM

I believe 1.25bn shares will be available which is very good considering this offer might be oversubscribed. What is the probability of being allotted 50,000 shares? Is this considered a large amount?

Ehis · #5 (**permalink**) 12th July 2007, 05:23 PM

Oh yes I for also feel that the offer will be oversubscribed cos many investors have been waiting for this opportunity. The fact that it is coming from Dangote also makes it very attractive as some people hsa attributed to him the quality of having a Mida's touch.

I think you may run away with your 50000 units just make sure you purschase from the issuing houses directly. I don't know why anyway.

jacobians_l2004 · #6 (**permalink**) 13th July 2007, 05:57 AM

when are they coming public? I want to try 10000 shares. how much will that cost?

Ehis · #7 (**permalink**) 13th July 2007, 09:14 AM

Jacobian,
The offer is in the coolers and waiting for the right time to rear its head. The only unresolved issue is the omde of offer. Most financial analysts are of the opinion that it is made offer for sale so that the proceeds goes staraight to Dangote"s pocket. But we have the bests hands on the deal. They include IBTC,FCMB,ZENITH and others.
I think within the next month it will be out. They are looking at the price of N14. per shahre.

Kindest regards

RethinK2.0 · #8 (**permalink**) 14th July 2007, 10:20 AM

Dangote is one man who does know hoe to swing the market. kudos to him

Stacks · #9 (**permalink**) 15th July 2007, 11:15 PM

Is it legal/possible to buy IPO shares using 2 different brokers? Thinking of splitting up my Dangote Flour shares, one for long term and the other for trading. Is this feasible?

oseitutu · #10 (**permalink**) 15th July 2007, 11:18 PM

Why the gamble? What if you are penalised? I'd rather you buy as one then after verification you can trade with part and keep the rest. Even I know you can sell some then request certificate for the rest. That you can keep for ghreat grand children!

An alternative would be to buy one as you and the next in the family name or joint or in your child's name or children's names for long term.

Yomik · #11 (**permalink**) 16th July 2007, 01:49 AM

You guy are talking that this share will be oversubscribe, what is the best way to get hundred thousand unit buy

Yomik · #12 (**permalink**) 16th July 2007, 01:54 AM

Did anyone know who the issuing house for this stock is?

oseitutu · #13 (**permalink**) 16th July 2007, 02:33 AM

Ask your broker who the issuing house is. They have inside information, besides that is part of their job as your broker. Whatever they tell you make sure you share the info here.

alanbow · #14 (**permalink**) 16th July 2007, 10:29 PM

Quote:

Originally Posted by Yomik

Did anyone know who the issuing house for this stock is?

FCMB is the lead issuing house, but Zenith, Fidelity and IBTC are also joint issuing houses and some other 6 houses.

http://www.proshareng.com/myproshare...ws.php?id=2608

Geeman · #15 (**permalink**) 3rd August 2007, 03:57 AM

Alhaji Aliko Dangote is expected to sell 1.25 billion units of his shares in Dangote Flour Mill to the Public at the cost of N15 per share. Already, 25 Stock brokers and 11 Issuing Houses have been chosen to champion this. The total amount expected to accrue from this offer is N18.25billion. The offer is expected this month or early September. For more information, please read Business Day News Paper of 2nd August 2007 on Nigerian Newspapers(Read them online); Nigerian News, World, Africa/Nigeria News Flash

ttoladele · #16 (**permalink**) 3rd August 2007, 02:49 PM

I believe it is overpriced however i am interested as the price will appreciate by investor sentiment, being another Dangote company, and also becuase share dumping will be minimal since onle 25% is being sold. No disrespect to this gentleman. The company has been valued at 70 billion naira, while the known market leader, Flour Mills of Nig. Plc has a cureent market capitalization os of about 117 billion naira. I read somewhere that Honeywell Flour is next to flour mills.
I wonder what the regulatory agencies are doing about unfair delay in issuance of share certificates. Has the share certificate of Dangote Sugar plc being received by anyone yet? Please help!

oseitutu · #17 (**permalink**) 3rd August 2007, 07:49 PM

Quote:

Originally Posted by ttoladele

I believe it is overpriced however i am interested as the price will appreciate by investor sentiment, being another Dangote company, and also becuase share dumping will be minimal since onle 25% is being sold. No disrespect to this gentleman. The company has been valued at 70 billion naira, while the known market leader, Flour Mills of Nig. Plc has a cureent market capitalization os of about 117 billion naira. I read somewhere that Honeywell Flour is next to flour mills.
I wonder what the regulatory agencies are doing about unfair delay in issuance of share certificates. Has the share certificate of Dangote Sugar plc being received by anyone yet? Please help!

DSR certificate: recieved, verified, SOLD! Check with the address you filled in when you bought and with CSCS.