Daar Communications Plc (AIT)

[Babs_O]

Originally Posted by olusolakemmy

we don hear this news taya!!!!!!!!!!!!!!!!
imagine dokpesi sayin he wants to meet first registrar to discuss certifica distribution?
is it that he doesnt know the procedure of certificate distribution when he said he was going to do e-allotment

now that he wants to list on the 26th, he will meet them after listing to discuss, what nonsense?

What of those wey no want cerfiticate. Dem say for prospectus
25. Share Certificates Share certificates in respect of shares allotted will be sent by registered post not
latter than 15 working days from the date of allotment. Any investor who does
not want to receive a physical share certificate should state the name of
his/her Stockbroker, his/her CSCS account number and Clearing house
number in the space provided on the Application Form.

[citizen]

You guys are really funny sha. This is a company that went under a while ago because the oga rather spent the profits on lagos owanbe parties than servicing his debts to banks till he was forced to close shop embarrassingnly by them. It took some kind hearted nigerians to recapitalise and reschedule their debt payments.
Then all of a sudden they list and all you easily swayed nigerians start subscribing to the offer. Well you guys should know old habits die hard. All da best blokes- may they have truly turned over a new leaf

[olusolakemmy]

Originally Posted by Babs_O

What of those wey no want cerfiticate. Dem say for prospectus
25. Share Certificates Share certificates in respect of shares allotted will be sent by registered post not
latter than 15 working days from the date of allotment. Any investor who does
not want to receive a physical share certificate should state the name of
his/her Stockbroker, his/her CSCS account number and Clearing house
number in the space provided on the Application Form.

see bros, i dont want that paper called certificate
let them just send it to my cscs acct via e-alotment as promised
i provided name and cscs acct detail, but as it is now i shld be looking out for my cert in the mail.

[chokit]

NSE lists Daar Communications Plc's 8b shares today NIGERIA Sep 26, 2008

Authorities of the Nigerian Stock Exchange (NSE), will today list the shares of Daar Communications Plc, owners of African Independent Television (AIT) and Raypower 100.5 FM station in its daily official list.
Specifically, the listing of the company's eight billion ordinary shares of 50 kobo at N5.00 per share into the daily official list, will increase the number of listed equities of the Exchange by one.
Furthermore, the company has announced its intention to begin live broadcast of trading activities on the Nigerian Stock Exchange on its cable television, DAARSAT-pay television channels as soon as it is launched in October, 2008.
Revealing this to journalists in Abuja recently, the Executive Chairman of Daar Communications Plc, Dr. Raymond Dokpesi said that the company has concluded plans to begin immediate transmission of different programmes and activities of the Nigerian Stock Exchange on its satellite television beginning from next month.
He added that the company, to ensure that its subscribers enjoy the services to be rendered, has expended about N19 billion on its expansion exercise and also ensure that the equipment for the DAARSAT-pay television is now available in the market.
"We have been able to expand our branches across the country with television signals received in Europe and America. The Multi-Channel station offers a bouquet of 24 hours news, sports, movies, music and entertainment channels. It will be open for public subscription and will operate alongside DAAR Communications Stations - AIT and Raypower FM", Dokpesi noted.
Meanwhile, trading activities on the Nigerian Stock Exchange (NSE) yesterday, continued on a downward trend as many highly capitalized stocks suffer price depreciation thus, forcing corporate performances indices slide further by 0.55 percent.
Precisely, the All-Share Index closed at 46,466.80 points, down by 256.62 points from 46,723.42 points at which it opened yesterday, while Market capitalization dropped by N54 billion from N9.904 trillion to N9.85 trillion.
Trading activities in the equities sector yesterday, recorded an increase in transaction as investors traded 323.4 million shares valued at N2.15 billion over a total of 314.6 million shares worth N2.78 billion which changed hands the previous day.
On the day's price movement chart, Big Treat Plc topped the gainers' chart with a gain of 25kobo to close at N5.38 per share followed by Adswitch plc with 14kobo to close at N3.08 per share while Chams Plc added 13kobo to close at N2.88 per share.
On the other hand, Nigerian Breweries Plc led other price losers for the day with a loss of 46 kobo to close at N45.66 per share followed by Lafarge Wapco Plc and Zenith Bank Plc with 37kobo each to close at N37.33 and N37.03 respectively.
In the equities sector, the banking sub-sector was the most active in volume terms as investors staked a total of N1.45 billion on 178.3 million shares followed by the insurance sub-sector which exchanged 104.9 million shares worth N241.6 billion while the Food/beverages and tobacco sub-sector exchanged 8.5 million shares worth N145.7million.
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Source: © 2003 - 2007 @ Guardian Newspapers Limited

[BLUEMONEY]

Originally Posted by citizen

You guys are really funny sha. This is a company that went under a while ago because the oga rather spent the profits on lagos owanbe parties than servicing his debts to banks till he was forced to close shop embarrassingnly by them. It took some kind hearted nigerians to recapitalise and reschedule their debt payments.
Then all of a sudden they list and all you easily swayed nigerians start subscribing to the offer. Well you guys should know old habits die hard. All da best blokes- may they have truly turned over a new leaf

The Question I ask Folks like you that usually bring up the past failures of this company is ''What does it have to do with the Future performance of the Company''

Show me a company that hasn't been mismanaged at one point or the other and I will show you a company that is heading for Trouble. Every good company you see today had thier bad times yesterday but never went under because the owners decided not to be stuck with the past failures.

And You also said that : Then all of a sudden they list and all you easily swayed nigerians start subscribing to the offer

Well you are very Wrong because we subscribed to the offer First before they were listed yesterday.

[Michael]

Originally Posted by BLUEMONEY

The Question I ask Folks like you that usually bring up the past failures of this company is ''What does it have to do with the Future performance of the Company''

Show me a company that hasn't been mismanaged at one point or the other and I will show you a company that is heading for Trouble. Every good company you see today had thier bad times yesterday but never went under because the owners decided not to be stuck with the past failures.

And You also said that : Then all of a sudden they list and all you easily swayed nigerians start subscribing to the offer

Well you are very Wrong because we subscribed to the offer First before they were listed yesterday.

Citizen sounding high and mighty may have bought Transcorp

[olusolakemmy]

Originally Posted by Michael

Citizen sounding high and mighty may have bought Transcorp

so how is t.corp related to DAAR?

[Monwowo]

Originally Posted by citizen

You guys are really funny sha. This is a company that went under a while ago because the oga rather spent the profits on lagos owanbe parties than servicing his debts to banks till he was forced to close shop embarrassingnly by them. It took some kind hearted nigerians to recapitalise and reschedule their debt payments.
Then all of a sudden they list and all you easily swayed nigerians start subscribing to the offer. Well you guys should know old habits die hard. All da best blokes- may they have truly turned over a new leaf

Management is very important for a coy to really move forward in away pleasing to investors. If you have good insider information about this company (management or otherwise), that would really be beneficial. But the lifestyle of one person in the company (being the CEO not withstanding) may not be enough to write off the entire coy.

[olusolakemmy]

Originally Posted by Michael

Citizen sounding high and mighty may have bought Transcorp

donr forget that t.corp just surface from the moon, no previous record, no real capital base, just an intelectual property of the then president, and we bought!

hey daar has been in business for a while, and have survived even without the FOI bill!!!!!!!

what you look at is long term survival tendency and management

[BLUEMONEY]

Originally Posted by Monwowo

Management is very important for a coy to really move forward in away pleasing to investors. If you have good insider information about this company (management or otherwise), that would really be beneficial. But the lifestyle of one person in the company (being the CEO not withstanding) may not be enough to write off the entire coy.

If you ask me, the information on which the arguement of citizen is based is nothing but an old gist that happened in the 90's. but since then the company has made progress.

[BLUEMONEY]

Originally Posted by olusolakemmy

donr forget that t.corp just surface from the moon, no previous record, no real capital base, just an intelectual property of the then president, and we bought!

hey daar has been in business for a while, and have survived even without the FOI bill!!!!!!!

what you look at is long term survival tendency and management

@ olusolakemmy,

I dont think Micheal was comparing Daar Comm Plc with Transcorp Plc. what he was trying to point out was that Mr citizen that was Bashing Daar communication because of thier past failures may have bought into Transcorp that came to the market like a saint only to be exposed for what it is ---- A wolf in sheep clothing.

[olusolakemmy]

Originally Posted by BLUEMONEY

@ olusolakemmy,

I dont think Micheal was comparing Daar Comm Plc with Transcorp Plc. what he was trying to point out was that Mr citizen that was Bashing Daar communication because of thier past failures may have bought into Transcorp that came to the market like a saint only to be exposed for what it is ---- A wolf in sheep clothing.

sorry, if thats what he meant, i really really got him wrong!!!!!!!!!!!

[Michael]

Originally Posted by olusolakemmy

sorry, if thats what he meant, i really really got him wrong!!!!!!!!!!!

Think Nothing of it. I know you meant no harm.

@Bluemoney Thanks for coming to my defence.

[olusolakemmy]

Originally Posted by Michael

Think Nothing of it. I know you meant no harm.

@Bluemoney Thanks for coming to my defence.

thanks man


i mean thanks for understanding that i meant no harm even without me explaining.

it is important that someone intent is understood by others so as to keep tension low and ideas keep flowing as usual

[hispy99]

Daar’s shareholders fund increases by 75%
By Udeme Ekwere
Published: Monday, 29 Sep 2008
Daar Communications Plc has stated that its shareholders funds as at August 2008 stood at N19bn, which represented an increase by 75 per cent over the amount recorded the previous year.

The Chairman of the company, Dr. Raymond Dokpesi, disclosed this during the listing of the company’s eight billion ordinary shares of 50 kobo each at N5 per share, on the floor of the Nigerian Stock Exchange on Friday.

According to him, ”We have continued to record significant growth in our financial performance over the years. Specifically, in our financial statement as at August ending, we recorded a gross earnings of N2.3bn, a net profit of N398.55.

”Our net assets stood at N25.9bn, and we have a reserve of N700m. We had projected a net revenue of N8.3bn as well as a dividend per share 31 kobo, and we are still committed to the achievement of our projections,” he said.

Dokpesi indicated that the company will meet, and even surpass most of its projections after it had