Daar Communications Plc (AIT)

[Gbike]

Originally Posted by BLUEMONEY

The allotment has been published and no money was returned as it was fully subcribed. scroll backward for full details.

Thank you for the information. So the usual long wait for the certificate begins then.

[BLUEMONEY]

Originally Posted by Gbike

Thank you for the information. So the usual long wait for the certificate begins then.

Exactly, the wait continues.

[olusolakemmy]

Originally Posted by Gbike

Thank you for the information. So the usual long wait for the certificate begins then.

the bros promised to credit it directly into cscs acct.

well, i dont expect him to full the promise or i will be surprise if AIT actualy do E-ALLOTMENT because we are in nigeria where every business man is a politician or must sugarcoat their product

well, we they wait

[billions]

Proshare News and Analysis
DAAR Communications to list at N5.00 on Sept 26
Posted Wednesday, September 17, 2008



Proshare NI

September 16, 2008 at 20: 11 GMT

Broadcast Giants DAAR Communications Plc (DAAR) owners of radio station Ray Power 100.5 Frequency Modulation (FM) and African Independent Television (AIT) would September 26, 2008 list is shares at N5.00 per share on the Floors of the Nigerian Stock Exchange (NSE). A source close to Proshare NI made this confirmation today in Lagos Nigeria.

DAAR in February 2008 approached the Nigerian Capital Market to raise fresh funds of N13.947 billion through a hybrid offer of Initial Public Offering (IPO) by way of an offer for subscription of 1.829 million and DAAR Investment Holding Company Limited offer for sale of 960 million ordinary shares of 50 Kobo each at N5.00 per share respectively.

During the offer from the Prospectus made available to Proshare NI, DAAR affirmed that an application has been made to the council of the NSE for admission to its Daily Official list of its 8.0 billion Ordinary Shares of 50 Kobo each.

This is coming on the heels of investors concern as regards the listing of the Broadcast Giants.

Though as at the time of filling in this report, Proshare NI could not get further details in respect of the proposed listing of the company.

In the same vein, come October, 2008, DAAR would be launching its satellite television in Abuja Nigeria; viewers are expected to pay in order to have access to this satellite station.
Copyright © 2004 - 2008 ProShare Limited. All rights reserved

[BLUEMONEY]

Originally Posted by billions

Proshare News and Analysis
DAAR Communications to list at N5.00 on Sept 26
Posted Wednesday, September 17, 2008



Proshare NI

September 16, 2008 at 20: 11 GMT

Broadcast Giants DAAR Communications Plc (DAAR) owners of radio station Ray Power 100.5 Frequency Modulation (FM) and African Independent Television (AIT) would September 26, 2008 list is shares at N5.00 per share on the Floors of the Nigerian Stock Exchange (NSE). A source close to Proshare NI made this confirmation today in Lagos Nigeria.

DAAR in February 2008 approached the Nigerian Capital Market to raise fresh funds of N13.947 billion through a hybrid offer of Initial Public Offering (IPO) by way of an offer for subscription of 1.829 million and DAAR Investment Holding Company Limited offer for sale of 960 million ordinary shares of 50 Kobo each at N5.00 per share respectively.

During the offer from the Prospectus made available to Proshare NI, DAAR affirmed that an application has been made to the council of the NSE for admission to its Daily Official list of its 8.0 billion Ordinary Shares of 50 Kobo each.

This is coming on the heels of investors concern as regards the listing of the Broadcast Giants.

Though as at the time of filling in this report, Proshare NI could not get further details in respect of the proposed listing of the company.

In the same vein, come October, 2008, DAAR would be launching its satellite television in Abuja Nigeria; viewers are expected to pay in order to have access to this satellite station.
Copyright © 2004 - 2008 ProShare Limited. All rights reserved

These guys are really Funny. I dont know of anyone that have received His certificate and yet they want to list in Nine days time ?????

It is Either they want to create an artificial scarcity to manage the share price or will send the certificate by DHL because even if they decide to send it by NIPOST today, it wont get to its destination in 9 days time and I trust NIPOST for that.

I believe they want to do the Former because First Registrars which is the Registrar of this company is very good at creating artificial scarcity. The certificate of some shareholders for Union Diagnostic Plc is still Nowhere to be found and the company has been listed. These guys are realy biting more than they can chew.

[olusolakemmy]

Originally Posted by BLUEMONEY

These guys are really Funny. I dont know of anyone that have received His certificate and yet they want to list in Nine days time ?????

It is Either they want to create an artificial scarcity to manage the share price or will send the certificate by DHL because even if they decide to send it by NIPOST today, it wont get to its destination in 9 days time and I trust NIPOST for that.

I believe they want to do the Former because First Registrars which is the Registrar of this company is very good at creating artificial scarcity. The certificate of some shareholders for Union Diagnostic Plc is still Nowhere to be found and the company has been listed. These guys are realy biting more than they can chew.

dont worry, if daar comm fulfilled it promised of e-allotment and you provided your cscs number during application, things might not be as bad as you think

[BLUEMONEY]

Originally Posted by olusolakemmy

dont worry, if daar comm fulfilled it promised of e-allotment and you provided your cscs number during application, things might not be as bad as you think

O.K, I am waiting.

[chokit]

Originally Posted by BLUEMONEY

O.K, I am waiting.

please inform us as soon as you see your e allotment of your hard copy certificate.

[Justina]

Daar Communication to List on NSE Friday Stories by Goddy Egene, 09.21.2008


Daar Communications Plc will this Friday make history as the first broadcast company to be listed on the Nigerian Stock Exchange (NSE).
The owners of Ray Power FM and African Independent Television (AIT) went public early this year by offering 1,829,478,000 shares of 50 kobo each at N5 per share for public subscription and 9, 60,000,000 shares were offered for sale. Following the conclusion of the highly successful offer, the shares of the company are to be listed on the NSE on Friday.
Feelers from stockbrokers indicate that the Daar Communications’ listing is already creating excitement among investors. Investors are said to be excited especially given the Daar Communication’s plans to add satellite broadcast to its business.
The company, which pioneered private radio broadcast in 1994 with the setting of Ray Power radio station, later added AIT to its line of business. Daar Communi-cations is now moving a step ahead with the launch of satellite broadcast under a new subsidiary- DAARSAT, a new satellite Direct-To-Home (DTH) Pay TV platform.
The company, which will be commissioned by President Umaru Musa Yar’Adua alongside the Minister of Information and Communication, on October 8, has promised to bring excitement to Nigerians with its rich broadcast content.
The Chairman of Daar Communications Plc, Chief Raymond Dokpesi, recently said that the Pay TV, which comes with a deep Afrocentric orientation that aligns with the traditions of Daar, will be the first satellite Pay TV platform offering service in Nigeria and operating wholly from Nigeria.
This, he said, is based on the group’s belief in the development of the technological manpower in Nigeria to meet the challenges of the 21st century.
It was gathered that over N15 billion investments have been invested in the company in the past few months.
A breakdown of the investments showed that about N11.1 billion was invested on DaarSat pay TV; N1.31 billion was spent for content acquisitions for the pay TV and free-to air; N784 million was used for payment of satellite fees; acquisition of new buildings gulped N541 million; N239 million was invested in buying new plants,. Besides, N698 million was used to buy equipment for 13 locations of the company’s radio and TV across the country.
“These investments are massive and would fetch good returns for the company in the nearest future. This will in turn boost returns to investors. Any investor who had bought the shares of the company at N5 had made a good investment. Besides, the listing will afford more investors the opportunity to buy into the company because given the huge investments and the potential of the new subsidiary, Daar Communications shares would be one of investor’s favourite in the market,” an operator said.
It was gathered that with a strong focus on exceptional customer service management, DaarSAT is conceptualised with a programme bouquet to satisfy the yearnings and aspirations of Nigerians.
Another thing that may easily warm the company into the hearts of consumers is the plan to commence operations with 40 channels that span entertainment, sports, movies, lifestyle, news, fashion and music. A major feature of the new pay TVs is the deliberate choice of the channels to align with the expectation of the Nigerian viewing public.
It is expected that given the track record of Daar Communications, the new baby will win over many customers who have been complaining about one thing or the other especially in terms of the services offered by the existing two firms offering pay TV services in Nigeria.

[jummie]

I got my certificate for DAAR Communication Plc on Friday despite the fact that I included my CSCS no. So let hold on and see what will happen on Friday as per the listing of the share.

It is a pity that most companies are not leaving up to the expectation as someone said that they are just sugarcoating their companies/opportunities for hapless Nigerians.

I dont even know whether the second one. Daar investment is going to be listed because I have not received my certificate. Anyway I am waiting for them to deliver as promised.

[BLUEMONEY]

Originally Posted by chokit

please inform us as soon as you see your e allotment of your hard copy certificate.

I Will and that is if they ever fulfil thier promise of e-allotment.

[BLUEMONEY]

[quote=jummie;31023]I got my certificate for DAAR Communication Plc on Friday despite the fact that I included my CSCS no. So let hold on and see what will happen on Friday as per the listing of the share.

It is a pity that most companies are not leaving up to the expectation as someone said that they are just sugarcoating their companies/opportunities for hapless Nigerians.

I dont even know whether the second one. Daar investment is going to be listed because I have not received my certificate. Anyway I am waiting for them to deliver as promised.[/QUOTE]


@ jummie,
Congratulations. The fact that you received your certificate by post even after you included your CSCS Number just confirmed my suspicion about the intentions of First Registrars. They may also do selective e-allottment and I hope that I will be among the selected Few.

DAAR COMMUNICATION came out with a Two in One Package and by my understanding will be listing only One company. Since they said the offer was Fully subcribed then I will expect them to list 8,000,000,000 ordinary shares @ N5 per share and nothing more.

The Purpose of the ''OFFER FOR SALE'' By DAAR INVESTMENT & HOLDING COMPANY LTD was to give investors an opportunity to become part owners of DAAR, which is currently 94.81% owned by Daar Investment & Holding Company Limited. The Offer will also enable the Company meet the requirements for a Listing on the floor of The Nigerian Stock Exchange.

Meaning that the "OFFER FOR SALE" Was Neccesary if the Company was to be listed on the NSE at All. High Chief R. A. Dokpesi had to reduce his Holding in DAAR INVESTMENT & HOLDING COMPANY LTD which was 100% owned by Him.

[chokit]

[quote=BLUEMONEY;31040]

Originally Posted by jummie

I got my certificate for DAAR Communication Plc on Friday despite the fact that I included my CSCS no. So let hold on and see what will happen on Friday as per the listing of the share.

It is a pity that most companies are not leaving up to the expectation as someone said that they are just sugarcoating their companies/opportunities for hapless Nigerians.

I dont even know whether the second one. Daar investment is going to be listed because I have not received my certificate. Anyway I am waiting for them to deliver as promised.[/QUOTE]


@ jummie,
Congratulations. The fact that you received your certificate by post even after you included your CSCS Number just confirmed my suspicion about the intentions of First Registrars. They may also do selective e-allottment and I hope that I will be among the selected Few.

DAAR COMMUNICATION came out with a Two in One Package and by my understanding will be listing only One company. Since they said the offer was Fully subcribed then I will expect them to list 8,000,000,000 ordinary shares @ N5 per share and nothing more.

The Purpose of the ''OFFER FOR SALE'' By DAAR INVESTMENT & HOLDING COMPANY LTD was to give investors an opportunity to become part owners of DAAR, which is currently 94.81% owned by Daar Investment & Holding Company Limited. The Offer will also enable the Company meet the requirements for a Listing on the floor of The Nigerian Stock Exchange.

Meaning that the "OFFER FOR SALE" Was Neccesary if the Company was to be listed on the NSE at All. High Chief R. A. Dokpesi had to reduce his Holding in DAAR INVESTMENT & HOLDING COMPANY LTD which was 100% owned by Him.

Listing one and keeping the other what will this mean to investors in terms of the allotment or are both going to be listed as one ? ie if you are fully alloted on both level.

[hispy99]

Daar Communications Invests N19bn Ahead of Listing
By Goddy Egene, 09.23.2008

Daar Communications Plc has invested N19 billion in its operations ahead of its listing on the Nigerian Stock Exchange (NSE) this Friday.
Chairman of Daar Communications , Dr. Raymond Dokpesi, who disclosed this said that investments were made on new equipment for DaarSat pay TV; content acquisitions for the pay TV and free-to air; new buildings expansion/upgrade of the local stations, among others.

Daar Communications Plc is a broadcast group comprising Ray Power FM, African Independent Television (AIT) and Daar Satellite, a new satellite direct-to-home pay TV platform.

Daar Communications had between February 25 and March 31, 2008 accessed the nation’s capital market and made an Initial Public Offering of 1.829 billion ordinary shares of 50 kobo each at N5 per share to investors.

The net proceeds of the offer were expected to be invested in the company’s local and international expansion plans through the upgrading and expansion of local stations, upgrading and purchasing of equipment including local and international satellites.

Dokpesi explained that given the vision of the company to remain a leader in the broadcast industry and deliver good returns to investors, the N19 billion investments had to be made. Although the IPO was supposed to fetch N8.753 billion, sources said the company secured additional funding to realise its vision.

A financial analyst said:“The company offered those shares to give investors an opportunity to become part owners and for the company to meet the listing requirements of the NSE. Now that the purpose would be fully achieved with its listing on Friday, investors are set to reap significantly from their investments. “Besides, financial institutions now find the company a very good bride. This implies that getting additional funding for its business is no longer a challenge.”

A stockbroker contended that coming to the market for listing at this time is a good investment opportunity for investors to key in and wait for the expected returns ahead.

“The market is bearish at the moment with many investors confused about which stock to buy. But Daar is a very good investment at N5 given the potential of the group with the introduction of DaarSat that would be another cash cow for the group,” broker said.

Although the company is yet to deploy the proceeds from the offer as the end of its half to June 30, the company had reported a turnover of N1.6 billion for the six months. Gross profit stood at N700 million, while net profit was N286 million.

“With the new investments and the expected launch of DaarSat operations in October 8, 2008, the financial performance of the company will improve significantly in the years ahead. This is why investors should take position as soon as the shares are listing on Friday and reap good returns,” a broker said.

Giving a breakdown of the investments, Dokpesi said that N1.885 billion was expended on local and international expansion of its operations; N1.392 billion on the completion of 11 stations; N1.972 billion on upgrade of existing facilities; N1.988 billion on programmes content; N1.072 billion on programmes of digital satellite system; N6.375 billion on Digital Multi channel platform;
N4.464 billion on Outside broadcast truck for FIFA 2009 under 17 world cup,
among others.

Daar Communications pioneered private radio broadcast in 1994 with the setting of Ray Power radio station, later added AIT to it line business before the new DaarSat.

Dokpesi had explained that the Pay TV, which comes with a deep Afrocentric orientation, which aligns with the traditions of Daar, will be the first satellite Pay TV platform offering service in Nigeria and operating wholly from Nigeria.
This, he said, is based on the group’s belief in the development of the technological manpower in Nigeria to meet the challenges of the 21st century .