Daar Communications Plc (AIT)

[panasharp]

Anyone have the pdf copy of the full or abridged prospectus for this offer?

Apache,
I could not open the pdf file you attached.

thanks

[Udo]

A PE ratio of 12.50 as you indicated is good in any sector of the NSE. Check the different sectors for average PE ratio. Another point going for AIT is that they will be the only one in their sector. It means no comparism so the price can be anything. Check C&I, UAC properties... they are all in a similar situation and they have all done well. Won't you consider a N5 stock a penny stock in today's NSE?

I think its good.

[Apache]

I am still waiting to see the prospectus but i think this is a good offer. The problem now is Over subscription and returned monies bcos i can assure you that AIT will advertise this one die! afterall, that's their business

[riskreturn]

Originally Posted by Udo

A PE ratio of 12.50 as you indicated is good in any sector of the NSE. Check the different sectors for average PE ratio. Another point going for AIT is that they will be the only one in their sector. It means no comparism so the price can be anything. Check C&I, UAC properties... they are all in a similar situation and they have all done well. Won't you consider a N5 stock a penny stock in today's NSE?

I think its good.

We should not compare end-2008 forward P/E ratio with the current one. I can assure you, at the current prices, the P/E ratio of most of the banks will fall to about 12.50 times by end-2008 - i.e., based on the annual results that would flood the market around March 2009. P/E ratios of many of them that have just raised funds (and the profits of which are very likely to be more than doubled in the next 4 quarters), e.g. GTB, Diamond Bank, are in the neighbourhood of 25 times, implying that their P/E ratios would also attain 12.5 times by end-2008. Projected P/E ratio at offer prices are 10 times (or is it 9 times) for Skye Bank PO (end-June 2008) and slightly below 6 times for First Inland Bank PO (end-April 2009). Presently, Guinness PLC trades in the secondary market at P/E ratio of about 17 times. Four quarters from now (assuming modest increases in profits), the P/E ratio is not unlikely to also fall to 12.5 times - without any risk whatsoever of under-allotment. This clarification is without a prejudice to whether the IPO under consideration is cheap or expensive. It is just to put comparison of P/E ratios in proper context so that we do not confuse current with project P/E ratios. Being a penny stock, it may trade in the secondary market (when listed) at P/E ratio well above 20 times - i.e. if the ongoing hype and herd behaviour in favour of penny stock still persists. Assuming it trades at P/E ratio of 25 times (which is not unlikely), subcribers (that are fully alloted) will have realised 100% gain.

[ovuthethird]

The Offer finally opened on the 25th of this month. I would advice everyone interested to subscribe via both forms (Offer for Sale and Subscription). Dont worry, its not multiple subscription since two seperate allotments would be submitted to SEC. The form is really scarce, need to really search it out. Those BGL guys are at it again!!!

[investor08]

Does anyone know when the DAAR offer is closing?

[riskreturn]

Originally Posted by investor08

Does anyone know when the DAAR offer is closing?

The offer closes on 31 March 2008 AD.

[panasharp]

Is the prospectus for this offering available to the public yet on the internet?

[Davog]

Good news guys, i have the complete prospectus here.
DAARAbridgeProspectusFinalPrint.pdf

[Davog]

pls, the gurus in the house cross check the prospectus and give us feedback ASAP.

[chiemekaOnyin]

thanks davog for that i ahve spent all night trying to get the prospectus till i read yr post
I think its a good offer with investors wary about POs these days i reckon there would not be over board over subcription and hoping SEC comes true with their strict compliance and well RAY said it would be out by 6 weeks anyways !!!!!
Feeed back on props would be apprct'd re offer.

@ OVUTHETHIRD
Wld apprcte if u confirm re multiple subcrptn as per getting both sale n offer?????

[5959olu]

Good News! Daar communication's prospectus can be found on the Daar Comm thread in the Private Placement section

[panasharp]

Hear is the link to the IPO form and prospectus for Daar Communications daar IPO.

[ovuthethird]

Its already confimed. BGL would be doing two allotments - Offer for Sale and Offer for Subscription, since technically they have two Offers on their hands. A single document was used because the pricing was uniform. Like i earlier said, my instincts tell me that its an ok stock, enough head-room to make capital appreciation is almost guaranteed.

[Babs_O]

No need for analysis. It is 100% underwritten. It will be oversubscribed. The question now is what will be the cut off point for returned money.

[efasela]

Hi Guys,
When will Daar communications be finally Listed on the NSE.Any info ?

[Davog]

This question should be for the gurus in the house.
Your Excellencies, Apache, Faoogoke and Hispy99 pls respond.

[Davog]

Originally Posted by efasela

Hi Guys,
When will Daar communications be finally Listed on the NSE.Any info ?

This question should be for the gurus in the house.
Your Excellencies, Apache, Faoogoke and Hispy99 pls respond