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  #1 (permalink)  
Old 5th May 2008, 10:30 PM
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Question Afromedia

L&G,
Just learnt Afromedia Advertising is doing a PP.
Price is N2.95/share.
It is being handled by BGL & Ecobank.
Details are still scanty, but will try to get the PP Memo by morrow.
Will keep all posted.
Everybody should tap in on their contacts to get more details.

Cheers,
Abini
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Old 5th May 2008, 11:56 PM
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Quote:
Originally Posted by Abinishio View Post
L&G,
Just learnt Afromedia Advertising is doing a PP.
Price is N2.95/share.
It is being handled by BGL & Ecobank.
Details are still scanty, but will try to get the PP Memo by morrow.
Will keep all posted.
Everybody should tap in on their contacts to get more details.

Cheers,
Abini
House,
See PP docs attached
Attached Files
File Type: pdf Afromedia PP docs.pdf (1.03 MB, 640 views)
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Old 6th May 2008, 02:27 AM
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Quote:
Originally Posted by Abinishio View Post
House,
See PP docs attached
At a glance this looks like a very expensive PP with a 2008 PE of 26.5. Lets dig further and see whether it is worth it.
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Old 6th May 2008, 08:23 AM
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Quote:
Originally Posted by Abinishio View Post
L&G,
Just learnt Afromedia Advertising is doing a PP.
Price is N2.95/share.
It is being handled by BGL & Ecobank.
Details are still scanty, but will try to get the PP Memo by morrow.
Will keep all posted.
Everybody should tap in on their contacts to get more details.

Cheers,
Abini
Good digging Abinishio!
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Old 6th May 2008, 03:36 PM
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Quote:
Originally Posted by faoogoke View Post
Good digging Abinishio!
Guys, is PP @ N2.92 not too high for a coy of this pedigree. They claim in their propectus they will apply for listing immediately after allotment which is slated for June 2008.

I believe when they eventually get listed, they will be in the same sector with Daar. I will do a further research on this coy but the PP price seem expensive.

Anyone with indepth details on their future prospects?
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Old 7th May 2008, 12:42 PM
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Default Afromedia

Quote:
Originally Posted by Abinishio View Post
House,
See PP docs attached

CAN SOMEONE HELP. THE ATTACHMENT CANNOT BE DOWNLOADED.

MAY BE IT CAN BE ATTACHED IN ANOTHER FORMAT.

STILL WAITING.........................FOR HELP.
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Old 7th May 2008, 12:47 PM
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Quote:
Originally Posted by Ladi Jay View Post
CAN SOMEONE HELP. THE ATTACHMENT CANNOT BE DOWNLOADED.

MAY BE IT CAN BE ATTACHED IN ANOTHER FORMAT.

STILL WAITING.........................FOR HELP.
I have been able to download it. see if you have a pdf reader installed on your system cos if you don't, you won't be able to read it
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Old 7th May 2008, 01:03 PM
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Quote:
Originally Posted by tonidol View Post
Guys, is PP @ N2.92 not too high for a coy of this pedigree. They claim in their propectus they will apply for listing immediately after allotment which is slated for June 2008.

I believe when they eventually get listed, they will be in the same sector with Daar. I will do a further research on this coy but the PP price seem expensive.

Anyone with indepth details on their future prospects?
Once again it is important to remind us not be believe everything we read in a pp prospectus especially concerning time of listing. The claim that they will list immediately after allotment is pure deciet.
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Old 7th May 2008, 05:21 PM
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House,
Please can we have a critical review of the PP fundamentals.
My openion is that this is expensive.
More views welcome

Cheers
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Old 7th May 2008, 05:39 PM
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Default afromedia

In my own opinion the pp is expensive at PE of about 26. But who knows whether they will utilise the money effectively for expansion.
For the information of the house, spoke to a director of afromedia yesterday and he said anyone buying the pp should not buy more than 500,000 units. I guess that is the maximum for allotment
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Old 7th May 2008, 05:46 PM
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Originally Posted by andico26 View Post
In my own opinion the pp is expensive at PE of about 26. But who knows whether they will utilise the money effectively for expansion.
For the information of the house, spoke to a director of afromedia yesterday and he said anyone buying the pp should not buy more than 500,000 units. I guess that is the maximum for allotment
Yes u are right about the 500,000 maximum. In mail i received from BGL they clearly indicated the maximum is 500,000 units. I am happy they are doing this instead of collecting peoples money and sitting on it. In addition, they ensure they keep control.
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Old 7th May 2008, 08:34 PM
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Wink

the offer price is kind of expensive but i am buying this one to keep for the long term.

Last edited by BLUEMONEY; 7th May 2008 at 08:40 PM.
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Old 8th May 2008, 03:03 AM
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very expensive considerring the risks , i dont see the media sector to be that money spinning . i think high cost of operations and competition make this an expensive offer. I think its because Eco bank underwrote at a firm basis. I am sure Afromedia is getting N2.50k or less.
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Old 27th May 2008, 05:27 AM
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Afromedia Nigeria Ltd Private Placement
Posted Monday, May 26, 2008

Proshare Blog » Private Placements
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Last edited by Ikechukwu Emelike; 26th June 2009 at 05:26 AM. Reason: "Copyright infringement - content removed and replaced with link"
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Old 28th May 2008, 12:26 PM
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Default afromedia pp forms

does any one know how to get the afromedia private placement forms
i am deeply intersted
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Old 28th May 2008, 12:39 PM
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Quote:
Originally Posted by bolajiedun2002 View Post
does any one know how to get the afromedia private placement forms
i am deeply intersted
The docs were posted by Abinishio on the 5th. Check the posts above.

Good luck.
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Old 29th May 2008, 09:40 AM
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Default A long term buy?

BusinessDay... the voice of business - Return prospects of Afromedia Nig Limited
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Old 29th May 2008, 10:34 AM
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The company has a good prospect since there are obviously loads of untapped potentials in the advertisment section of the media industry.

However,considering wat d pe ratio 4 already listed companies with very good past records are now saying in d market....this PP is not a good buy at d current price.

i will look at it twice if it was N1.50k but at almost N3.00 even if i look at it, i will not see it.

it is possible dat the company expects to make more profit dan wat was printed in d prospectus...maybe dey just want to scare guys away.

Thank you.
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Last edited by billions; 29th May 2008 at 10:42 AM.
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Old 29th May 2008, 02:47 PM
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Almost every stock (except the company goes kaput) will experience price appreciation in the long term. Find me a stock that has not gone up in price in the last 30 years . Compared to other opportunities available in the secondary market (quite a number of stocks with current PE below 20 right now, compared to Afromedia's projected PE of 26 in 2008), I will let this one pass...
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Old 2nd June 2008, 04:00 PM
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Default Afromedia PP

I have a bit of a concern about this Afromedia PP, not necessarily on the PE of 26, or the offer price. I'm actually worried about some soft issues that could easily be glossed over.

1) How come Ecobank is underwriting 60% on a firm basis and at the same time selling that 60% off by way of an Offer fo Sale in the same placement exercise? That's a very strange arrangement, isn't it? Simply put, it appears there is no underwriting. My take is that Afromedia was indebted to Ecobank, which probably became a bad debt and a debt conversion arrangement was hastily made, preparatory to packaging a private placement - effectively pushing the bad debt to the public.

2) Utilization of funds is stated only in percentages, without the real figures accompanying them. Investors have to work the figures out, don't they? Another strange and unusual practice, I think.

So I don't start to think these are deliberate acts of deceit, I'd appreciate a discussion on these issues.
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