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  #1 (permalink)  
Old 9th August 2007, 03:31 PM
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Default Aiico

AIICO is giving bonus of 1 for 6 and the book closes on Wednesday 15th. No Dividend was announced.
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Old 9th December 2007, 08:48 PM
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Default Aiico

At N2.20 is Aiico good investment?
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Old 9th December 2007, 10:30 PM
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Quote:
Originally Posted by ayo otesile View Post
At N2.20 is Aiico good investment?
It probably is. We need to wait to see the prospectus though. Critical thing is to see if new shares will be entitled to possible bonus shares. If new shares are, then this is significant discount becuase after TS I will expect the floor price to rise even further.

Is this PO for Aiico out already??
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Old 9th December 2007, 11:09 PM
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I concur. At N2.20 and wt the AIG backing AIICO PO shd be a must buy. But then we'd still need to read the prospectus well enuf. Mutual benefits and STACO Ins are also close to securing TS for their own POs.
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Old 10th December 2007, 12:02 PM
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Yes, AIICO PO opens today and will close on December 31, 2007. The time limit of the offer is too short, I wonder why.
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Old 10th December 2007, 03:17 PM
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Quote:
Originally Posted by JEI View Post
Yes, AIICO PO opens today and will close on December 31, 2007. The time limit of the offer is too short, I wonder why.
Are you sure it opened today? didn't hear anything about it in the news. do you have a link where one can get details, if you have the prospectus, better
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Old 10th December 2007, 03:29 PM
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Quote:
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Are you sure it opened today? didn't hear anything about it in the news. do you have a link where one can get details, if you have the prospectus, better
I understand your skepticism, cause this was not in the news last week but I made calls and it was confirmed at N2.20. Good price for people that are prepared to wait.
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Old 10th December 2007, 03:54 PM
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Are you kidding me! na wa for these guys o. i just checked their website and it has nothing concerning the offer.
Please how can one get the application forms and prospectus
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Old 10th December 2007, 03:57 PM
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Quote:
Originally Posted by JEI View Post
Yes, AIICO PO opens today and will close on December 31, 2007. The time limit of the offer is too short, I wonder why.
The offer was timed wrongly. They did not benefit from the Insurance stocks rally. This offer price to me is low except they end up dishing out bonus shares. They will not be in a hurry to invite outside folks.
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Old 12th December 2007, 07:42 AM
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Found this story..allAfrica.com: Nigeria: Aiico Share Offer Turns Xmas Bonus for Investors (Page 1 of 1).., but still cant find the prospectus.

With the low publicity this offer is getting and the wrong timing, I get the feeling some of the directors want to reserve this for themselves. Afterall, they had missed out on the recent bullish run in the insurance market - as this stock was already technically suspended before then...

Anyway - if anyone sees this propsectus, please post here....it just might be the xmas bonus I need...

Cheers...B
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Old 12th December 2007, 08:00 AM
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Quote:
Originally Posted by balaliyu View Post
Found this story..allAfrica.com: Nigeria: Aiico Share Offer Turns Xmas Bonus for Investors (Page 1 of 1).., but still cant find the prospectus.

With the low publicity this offer is getting and the wrong timing, I get the feeling some of the directors want to reserve this for themselves. Afterall, they had missed out on the recent bullish run in the insurance market - as this stock was already technically suspended before then...

Anyway - if anyone sees this propsectus, please post here....it just might be the xmas bonus I need...

Cheers...B
Does anyone know anybody at Greenwich? they are the issuing house to the offer. At least one should be able to get the prospectus from there. I tried opening their site but wasn't successful. maybe you can try there. Their phone number is 014619261-2.
Please keep us posted

Last edited by Apache; 12th December 2007 at 08:15 AM.
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Old 12th December 2007, 10:23 AM
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Its quite strange that the offer is more muted than publicised, abeg if anybody gets the prospectus make we know o! It must be out there somewhere as the link above has some projections which must have come from the prospectus
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Old 12th December 2007, 11:02 AM
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Guys,
Fianlly got the prospectus from a chic in Greenwhich. Nice to know what a little male charm can get you (yeah right!!!)
I am not even bothering to read this. I will leave this to the gurus to analyse and share. But while you guys are at it, I'll be sending in my cheque tomorrow.
Note that 48% of the offer has been preferentially alloted to AIG
happy reading guys
Attached Files
File Type: pdf New Prospectus - Aiico_final.pdf (641.0 KB, 406 views)

Last edited by Apache; 12th December 2007 at 11:21 AM.
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Old 12th December 2007, 11:19 AM
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Default Aiico Offer

Quote:
Originally Posted by Apache View Post
Does anyone know anybody at Greenwich? they are the issuing house to the offer. At least one should be able to get the prospectus from there. I tried opening their site but wasn't successful. maybe you can try there. Their phone number is 014619261-2.
Please keep us posted

You can reach them on any of these lines and they will request for your
e-mail address to send the prospectus to you. They also confirmed that the prospectus is not on their website.
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Old 12th December 2007, 12:17 PM
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Considering that the offer is 40% pref. Allotted, it looks like an offer worth investing in especially if they can keep to the timetable in the prospectus, but has that always been the case?
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Old 12th December 2007, 01:28 PM
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Quote:
Originally Posted by Apache View Post
Guys,
Fianlly got the prospectus from a chic in Greenwhich. Nice to know what a little male charm can get you (yeah right!!!)
I am not even bothering to read this. I will leave this to the gurus to analyse and share. But while you guys are at it, I'll be sending in my cheque tomorrow.
Note that 48% of the offer has been preferentially alloted to AIG
happy reading guys
Thank you.
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-Warren Buffet-
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Old 12th December 2007, 03:20 PM
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Quote:
Originally Posted by Apache View Post
Guys,
Fianlly got the prospectus from a chic in Greenwhich. Nice to know what a little male charm can get you (yeah right!!!)
I am not even bothering to read this. I will leave this to the gurus to analyse and share. But while you guys are at it, I'll be sending in my cheque tomorrow.
Note that 48% of the offer has been preferentially alloted to AIG
happy reading guys
I concur with you on this one. I think the coy were napping which in turn becomes our own gain. I'd get as much as I can. Let others battle with prospectus. I can afford to wait till 2009 sef. Btw, thanks a mil. If you know how much I have been looking for the offer form?
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Old 13th December 2007, 12:31 PM
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Post aiico offer

thanks for the link pal. I have info on chams pp. I will post the link to the form on monday
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Old 13th December 2007, 01:00 PM
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Quote:
Originally Posted by andico26 View Post
thanks for the link pal. I have info on chams pp. I will post the link to the form on monday
C'mon pal, why do on monday what can be done today
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Old 13th December 2007, 01:15 PM
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Post chams pp

grapevine info has it that they would start tomorrow and i will get the link through my contact on monday. min units is 40,000 units according to a director i spoke to
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