Daar Communications Plc (AIT)

[amajike]

people assuming i buy both the "offer for sale" and the "offer for subscription", will i be guarantied 1000 units of each since the're two different offers, comments are highly wellcome.

[riskreturn]

Originally Posted by amajike

people assuming i buy both the "offer for sale" and the "offer for subscription", will i be guarantied 1000 units of each since the're two different offers, comments are highly wellcome.

There is no rule that guarantees you full allotment of the minimum units, be it 1,000 or whatever. However, be sure that the offer for sale and offer for subscriptions should be treated INDEPENDENTLY in the allotment process. You would not be allotted less units in one simply because you also subscribed for the other. In this regard, it is like applying for First Bank and Union Bank public offers, the allotments of which should be made independently.

[amajike]

Originally Posted by riskreturn

There is no rule that guarantees you full allotment of the minimum units, be it 1,000 or whatever. However, be sure that the offer for sale and offer for subscriptions should be treated INDEPENDENTLY in the allotment process. You would not be allotted less units in one simply because you also subscribed for the other. In this regard, it is like applying for First Bank and Union Bank public offers, the allotments of which should be made independently.

Thanks so much Riskreturn, i think i'l be working with that

[olusolakemmy]

Originally Posted by riskreturn

There is no rule that guarantees you full allotment of the minimum units, be it 1,000 or whatever. However, be sure that the offer for sale and offer for subscriptions should be treated INDEPENDENTLY in the allotment process. You would not be allotted less units in one simply because you also subscribed for the other. In this regard, it is like applying for First Bank and Union Bank public offers, the allotments of which should be made independently.

hi, do u really think this offer will be popular enough to be oversubscribed?
well, i have decided not to get involved in PO, am really thinking of AIT.
well, i will speak with my broker tomorow and see the popularity of the offer with her, even though her statistic might not be enough to judge but can give me an insight, cause i want to guide against returned fund.
anyway, it was as if transcorp too was popular during the offer, only for them to announced that they were about 45% subscribed!!!!!!!!!!

[panasharp]

Originally Posted by idowu_k

I have a contrary view to other contributors regarding the success of the ongoing AIT IPO offer which may not neccessary attract "the movers and shakers" of the stock investment. Not optimistic about it over-subscription as many feared. Use to think aloud on why the owner of the coy couldn't initiate a private placement to spread its ownership from single to multi-ownership. The Pp may have served a dual purpose of test running the acceptance of the coy by the larger Nigerian investors as well as giving the impression that the game is not a one-man show. Wouldn't mind if the Pp had tactically been restricted to the owner's family members and slightly extended to some members of the coy's board of directors to have a broader ownership prior to the IPO. The prospectus shows that none of the long-serving Directors of the coy aside from the chairman, has a single unit of share in the company. The same goes for the 15-members of board of directors and the family of the currently owner. Did I hear someone saying the phrase "trust and integrity" at play. Members should therefore, thread with utmost care in their crave for huge return on investment. As for me and members of my family, we are staying clear of this IPO. Prosterity will judge me right or wrong. Wishing all the best. Cheers and Good Luck!!!

Here is why I think a PP was not the route to go:
R. Dokpesi owns 100% Daar Investment and Holdings (DIH), which owns 95% of Daar Comm. and the remaining 5% of Daar Comm. is owned directly by Dokpesi. Although it is not disclosed, I will go on a limb to say that DIH used borrowed funds from major Nigerian banks to finance its ownership of 95% state in Daar Communication. This leaves Daar Comm (AIT) free of debt with zero leverage on it balance sheet. This was probably part of the restructuring that took place when a few years ago the company could not pay its financiers.

The banks probably want to get paid and one quick way of doing so is for DIH to shed some of its investment in AIT.

Mere speculation on my part.

[Zito]

Your speculation makes a lot of sense.

[Apache]

Originally Posted by olusolakemmy

hi, do u really think this offer will be popular enough to be oversubscribed?
well, i have decided not to get involved in PO, am really thinking of AIT.
well, i will speak with my broker tomorow and see the popularity of the offer with her, even though her statistic might not be enough to judge but can give me an insight, cause i want to guide against returned fund.
anyway, it was as if transcorp too was popular during the offer, only for them to announced that they were about 45% subscribed!!!!!!!!!!

Just think about International breweries and it will give you an idea. It was never advertised, the results were wacked, fundamentals were crazy but the potential and future was bright and see the result - Over subscription (I think they even offered more units that what AIT is proposing).
You can now compare it with AIT that is advertising in all formats of media, has good results and future also looks very bright. I don't need broker's advise on this one o!. Not going near it with a million feet pole.
Caveat Emptor

[threecrown]

Originally Posted by Apache

Just think about International breweries and it will give you an idea. It was never advertised, the results were wacked, fundamentals were crazy but the potential and future was bright and see the result - Over subscription (I think they even offered more units that what AIT is proposing).
You can now compare it with AIT that is advertising in all formats of media, has good results and future also looks very bright. I don't need broker's advise on this one o!. Not going near it with a million feet pole.
Caveat Emptor

you are right Apache, but i think the problem with IB po was the prefrential allotment. the po offer was 1.6b and about 70% went to prefrential allotment.
the daar offer does not have prefrential allotment which is about 1.8b but the daar sale does have.

[panasharp]

If I buy into this IPO, I am surely not letting them keep my funds; without "buygin" myself some form of "insurance". Another trial strategy.

[nezvest]

I think DAAR is a good buy but going by what has been happening to other IPOs, I advice people to go for smaller units as I forsee oversubscription and subsequent money return. As for me, I am not going for more than 10000 units. I learnt my lesson in Dangote floor and Bagco.

[olusolakemmy]

Originally Posted by Apache

Just think about International breweries and it will give you an idea. It was never advertised, the results were wacked, fundamentals were crazy but the potential and future was bright and see the result - Over subscription (I think they even offered more units that what AIT is proposing).
You can now compare it with AIT that is advertising in all formats of media, has good results and future also looks very bright. I don't need broker's advise on this one o!. Not going near it with a million feet pole.
Caveat Emptor

i am not seeking for my brokers advice.
i simply want to ask her whats the rate of purchase and enquiry from prospective investor.
i have learnt enough lessons not to take my brokers advice!!!!!!!!!!!!!!!!!! but can ask question that i know they should know.
on daar am not comparing it with transcorp, they are two companies with pole apart.

[michael08]

Originally Posted by efasela

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

is daar communication a good stock to buy?

[sharesbank]

that is nothing but the truth, Guys oversubscription is an added advantage to both the company and the brokers. if a company want N2 billion and end up with N6 billion naira , all they do is fixed the balance of N4 billion for as long as possible 4-5months .Interest rate over 10million is 18% per annum
brokers....... when brokers received cheque on behalf of their client instead refund ,they too will keep the cheque in the bank for at least 4-6 weeks.(personal experience) so if you work in financial industries you will know is all game . (When trading and trade wisely ,your life depend on it)

[sharesbank]

Originally Posted by [I

panasharp;13010]If I buy into this IPO, I am surely not letting them keep my funds; without "buygin" myself some form of "insurance". Another trial strategy.

[/i]

imagine skye bank gave some if not all there staff target of 20million each in there last IPO , all they wanted is oversubscription and they will keep the money for 6months will awaiting allotment ,first bank kept over 4 billion for 6months.
The question is , if is not an added advantage , how are they able to pay interest on over 4 billion
when trading trade wisely

[Apache]

BusinessDay... the voice of business - DAAR Communications assures on possible over subscription of public offer

[juliusdudu]

Originally Posted by Apache

BusinessDay... the voice of business - DAAR Communications assures on possible over subscription of public offer

Pls, and pls, tread softly. The oversubscription in this stock will be incredible. Dont buy more than 1000 unit if not, u will link the womb as i am doing in virtually app the PO and Ipo i have subscribed to.
A word is enough for the wise.