Chams Nigeria Plc

[hispy99]

Originally Posted by Babs_O

Got a load of it today at N 2.62 !
Though I missed the PP. Now I have joined the list of shareholders with liquid holding in CSCS.

Wondering if the price will roar to cruising height of 25% or 50% or 100% or more or perhaps sink. Will be tempting to take profit if it rides to 100% in this bear season.

Lucky you, I am still waiting for share certificate. bros, e go hard to see 100% for this climate o

[billions]

FACTS CHECK:

Chams Plc sought to raise N5.0 billion by way of Placement and offered 2.0 billion Ordinary Shares of 50 Kobo each at N2.50 Kobo per share. Application list opened January 07, 2008 and closed February 13, 2008. Lead Issuing House/Arranger to the Placement was UBA Global Markets Limited.

Return of excess funds on the Placement

Immediately we returned the bulk of it; well in excess of N5.0 billion to investors. Even then, we had more than N2.0 billion by investors that we thought we couldn’t reject, we now had to go through the whole process of having a special Placement we just concluded about a month ago.

We had 975 million units of shares offered by way of Placement at N2.50 Kobo and it gave us well over N2.0 billion.

Chams Plc and expansion programme

Right now we have started strategic discussions for strategic relationships with some African countries. For now we cannot make public disclosure because all the deals are yet to be concluded.

Indeed we have commenced discussions and have actually gone far in establishing strategic relationships with international companies in Africa.

Innovative technology and better lives for Nigerians

We invest heavily in research and development and I must say that is one of the secrets of the success of Chams Plc. We are not just interested in making money for the fun of it, we want to glorify God in making money, and we desire to serve humanity like I said earlier.

Therefore, what we do is to study a particular segment of the Nigerian Society, identify the problems compared to global standards, we provide our own solutions and services.

The current trends now in Chams Plc are results of expensive research and development efforts that the company has done over the years.

Chams Plc and choice of listing time

We are not bothered by the time of our listing in the market. We know we are on solid grounds; all that is necessary in terms of feasibility study, we ensure compliance and whenever we come out we are sure of success; due to the fact that we are solving problems in Nigeria.



EDITORS NOTE:

Chams Plc in Lagos Nigeria listed 4,620,600,000 Ordinary Shares of 50 Kobo each at N2.50 Kobo per share. In its financial forecast in the Placement Memorandum, the company had projected Earnings per Share (EPS) to be 67 Kobo, N1.09 Kobo and N2.39 Kobo for years 2008, 2009 and 2010 respectively.

In the Managing Directors statement at the Stock Exchange Chams Plc has projected Profit after Tax (PAT) of N2.5 billion, N4.05 billion and N8.9 billion for years 2008, 2009 and 2010 respectively.

While a 25, 45 and 65 Kobo dividend has been projected for years 2008, 2009 and 2010 respectively.

However, it would be noted that the projected PAT was not contained in the Placement Memorandum.

Chams Plc and projected 65 Kobo dividend in year 2010

The projections which we have come up with were as a result of making use of one of the leading Management Consulting outfits in this country and we are confidence we would make it.

Chams Plc and proposed mobile phone for Nigerians

We are hoping within the next six months, we would unveil it. Most of the Global Mobile Service (GSM) currently available; contains features of facilities which Nigerians rarely use and there are certain applications which are peculiar to Nigerians. We have gone out to invest on this for our own GSM system which we would be bringing to the Nigerian public.


With this development, we would be solving peculiar Nigerian problems; we want to tell you that Nigerian languages maybe involved in it.

Future outlook

We are now going international, very soon Chams Plc would be amongst the first top 10 companies on the Floors of the Nigerian Stock Exchange (NSE).

[richestowealth]

Where did you get this information? The Editor's note sounds good.

[billions]

Originally Posted by richestowealth

Where did you get this information? The Editor's note sounds good.

From proshare.

I think d EPS/Dividend projection was done with 2b units in mind...now they have about 4.6b units.

The company seems okay.

[richestowealth]

Originally Posted by billions

From proshare.

I think d EPS/Dividend projection was done with 2b units in mind...now they have about 4.6b units.

The company seems okay.

I'm not sure because the MD repeated same while introducing the shares to brokers on the day of listing. BusinessDay... the voice of business - NSE lists Chams’ 4.6billion shares as directors unveil growth strategies

[pegheneji]

Chams targets top10 position on NSE E-mail
Written by Peter Egwuatu
Thursday, 25 September 2008 (Vanvuard)

Chams Nigeria Plc , a newly listed company on the Nigerian Stock Exchange (NSE) has stated that its target in 2009 is to be among the top ten companies on the stock Exchange.
The company declared that by the end of 2008 its Profit After Tax (PAT), Earning Per Share (EPS) and Dividend Per Share (DPS) will hit N2.5 billion, 67 kobo and 25 kobo respectively.

Addressing capital market community on the Lagos floor of the NSE during the listing of the company’s shares on Tuesday, Managing Director /CEO, Chams Nigeria Plc, Mr. Demola Aladekomo said “

The company’s projection for 2009 on PAT, EPS and DPS are N4.0 billion, 109 kobo, and 45 kobo respectively. We will achieve this projection if not surpass them because of the numerous projects we have with both the government and private sector. In our 22 years of existence, Chams has evolved to be a major player in government and financial sector projects. These projects include: Value card, formation (now Visa), Interswitch network, National ID card, Pension Commission (Pencom) National Voter ID Project, National Health Insurance Service (NHIS)”.

He further promised the capital market community that the company will initiate new products into the stock market, such as share card that will be held by shareholders.
Speaking, Aladekomo, disclosed that Chams as a group has array of new projects, that have payment mechanism tied to it , as this enables them to be able to generate immediate activity from its own range of projects. Such payment, he said include: National Identity Management System-

Its applications include: payment , identification, drivers license , pension, healthcare and mobile payment. Chams Group structure include: PayMaster, SuperCard, CardCentre, Chams Access, Chams Mobile and Chams Switch.

The Chams boss said that the company will soon manufacture Nigeria’s mobile telephone meant to be use in the country, adding that it has six projects that will be deployed before the end of the 2008 and to have the largest cybercafé in the country.

According to him “ Chams is a company of Nigerian origin. It is a local brand but to be integrated into an international system in the medium term. Our trusted cutting edge technology will enhance the quality of lives in a manner that glorifies God. We would be employer of first choice”.

On its vision, Aladekomo stated that the company hopes to become the leading provider of innovative technologies that improve the quality of life, while its mission is to design and deploy innovative and beneficial technologies , while creating value for all its stakeholders.

Commenting on the future of the company, he said “ We are poised to delight our customers by making our technologies available 24 hours and 7 days in a week . We committed to giving back to society through group activities that will positively impact on our communities”.

[henryboyle]

Does anyone know anything about the yet to be anounced ipo of Chams Nigeria Plc? I believe the decision for the Ipo was taken during the AGM held on June 8, 2008.

[knightofdelta]

Originally Posted by henryboyle

Does anyone know anything about the yet to be anounced ipo of Chams Nigeria Plc? I believe the decision for the Ipo was taken during the AGM held on June 8, 2008.

I believe that Chams got listed on the floor less than one year ago. There is a policy that not company can float an IPO until one year after listing. So for that rumor, I will advice you not to hold your breath for it.

[knightofdelta]

Originally Posted by henryboyle

Does anyone know anything about the yet to be anounced ipo of Chams Nigeria Plc? I believe the decision for the Ipo was taken during the AGM held on June 8, 2008.

I believe that Chams got listed on the floor less than one year ago. There is a policy that not company can float an IPO until one year after listing. So for that rumor, I will advise you not to hold your breath for it.

[hispy99]

Originally Posted by knightofdelta

I believe that Chams got listed on the floor less than one year ago. There is a policy that not company can float an IPO until one year after listing. So for that rumor, I will advise you not to hold your breath for it.

Chams was listed last week.

[hispy99]

Chams unveils three new subsidiaries
By Jonah Iboma
Published: Tuesday, 7 Oct 2008
Chams Nigeria Plc has set up three additional firms as part of its expansion plans to become a leading information and communications technology group in the country.

The three new subsidiaries are Chams Switch, Chams City and Chams Mobile.

The firm explained in details made available to our correspondent on Monday, that Chams Switch would be focus on electronic commerce and would handle transactional and identification switching.

Chams City, the firm added, would provide large scale facilities that could be used for data collection and processing, such as national identity card registration, human resource development and international computer-based examination centres.

The firm explained further that Chams Mobile would play in the mobile telephony sector and would work towards local manufacture of mobile phones.

According to the Group Managing Director, Chams Plc. Mr. Demola Aladekomo, the three new firms were set up to take advantage of identified opportunities in the Nigerian economy.

He added that the mobile subsidiary would ensure that phones were made in such a way that they would contain local features that meet the needs of the Nigerian environment.

The firm further said Chams City was currently building centres across the country, including the Lagos centre, which had over 1,000 computers and reputed to be the biggest cyber café in the world.

The Lagos centre hosted the finals of the Nigerian leg of the World Cyber Games 2008 on Saturday.

Already Chams has begun nationwide deployment of Automatic Teller Machines and the exercise is expected to cover all the 774 local governments in the country before the end of next year.

In all, about 1,000 ATMs are to be deployed in the country and they are expected to run on a platform to be provided by Chams Switch.

Chams and the National Information Technology Development Agency, earlier in the year, signed a major agreement towards the effective implementation of the Millennium Development Framework for Mobile Internet and Outsourcing Solutions. The exclusive deployment of ATMs in the 774 local governments was part of the agreement

Aladekomo stated that Chams was determined to become a Nigerian IT firm making its mark in the global community.

He added that this informed the reason why the firm was recently listed on the Nigerian Stock Exchange, adding that soon, it would become an employer of choice in the country.

Besides the three firms, other subsidiaries of Chams include Supercard, Paymaster and Card Centre Limited.

[hispy99]

Nigeria to have world’s largest cyber centre
By Jonah Iboma
Published: Thursday, 23 Oct 2008
Chams Plc, a Nigerian information technology firm with specialisation in identity management and related solutions, has set up what is expected to become the biggest cyber centre in the world.

The cyber centre, located in Lagos is one of several digital malls that are being built across the country by ChamsCity, a new subsidiary of Chams Plc.

The General Manager, ChamsCity, Mr. Sola Bickersteth, said the Lagos centre would be equipped with over 100 computers.

This number, he noted, was higher than in New York, which boats of about 850 computers, which the Guinness Book of Records, acknowledged as the largest in the world.

He added that representatives from the Guinness Book of Records are billed to arrive son in Nigeria for an assessment of the facility.

In all, ChamsCity is to set up digital mall facilities in all the states of the federation and the firm intends to achieve a substantial part between now and next year.

Already, the Abuja facility has been completed and others in a few other states are nearing completion.

Bickersteth said the centres were to provide a number of services including digital identity management, video conferencing and electronic payment solutions.

He added that among other services, ChamsCity would help provide the right location for job recruitment, electronic learning and data processing.

He said the centres were designed to be connected to the telecommunications networks using by SAT-3, radio and optic fibre

A dedication service for the Lagos centre, conducted by the Prelate of the Methodist Church of Nigeria, Dr. Sunday Ola Makinde, was held on Tuesday in Lagos

[yusuff]

Has anybody received his certificate? i am yet to receive mine

[hispy99]

Originally Posted by yusuff

Has anybody received his certificate? i am yet to receive mine

Still waiting for mine

[richestowealth]

Kind of lost track...Anyone knows when these guys