Daar Communications Plc (AIT)

[phemmie06]

The investing public and Nigerian as a whole should try and give our indigenous companies a chance to prove their self. I think daar comm should be able to perform well and give a good result at the end of each financial year end,just as other companies did.

[olusolakemmy]

Originally Posted by phemmie06

The investing public and Nigerian as a whole should try and give our indigenous companies a chance to prove their self. I think daar comm should be able to perform well and give a good result at the end of each financial year end,just as other companies did.

almost all the companies listed on NSE are indigenous.
but when it comes to business. sentiment should not be allowed caused your money is involve.

[henry_bonds@yahoo.co.uk]

Daar Communication offered 2.789B Ordinary shares at N5 per share in her IPO and was accordingly valued. An IPO that was not that over subscribed is listing 8 Billion shares instead of the combined offer of 2.789 B shares.

I would like to know the following:
-The impact the 8 Billion shares would have on the previous valuation. Does everything remain the same?
-Would the share remain valued at N5 per share in the face of this over bloated listing?
-Did Daar communication not short changed investor by encouraging them to invest in 2.789B ordinary shares only for her to list 8 Billion shares? Considering the fact that the assets and liability of the company still remain the same?

Over to GURUS in the house, I would like to hear your opinion and answers to the above PUZZLES (questions).

[hispy99]

Originally Posted by henry_bonds@yahoo.co.uk

Daar Communication offered 2.789B Ordinary shares at N5 per share in her IPO and was accordingly valued. An IPO that was not that over subscribed is listing 8 Billion shares instead of the combined offer of 2.789 B shares.

I would like to know the following:
-The impact the 8 Billion shares would have on the previous valuation. Does everything remain the same?
-Would the share remain valued at N5 per share in the face of this over bloated listing?
-Did Daar communication not short changed investor by encouraging them to invest in 2.789B ordinary shares only for her to list 8 Billion shares? Considering the fact that the assets and liability of the company still remain the same?

Over to GURUS in the house, I would like to hear your opinion and answers to the above PUZZLES (questions).

Valuation of the company remains unchanged. Whether the price will remain at N5 will be determined by market forces.

The balance of 8B-2.79B is held by Dokpesi and co. You were not cheated if you bought the offer. What happened was that Dokpesi sold part of his own holdings and raised new capital during the IPO. The total amount raised during the IPO was 2.79B * N5 even though the company is now worth 8B * N5. Just imagine if you had a company and sold part of it to the public. When the company is listed, the entire shares are listed, not only the shares you sold to the public.

I hope I was clear enough.

[austine_stock]

Daar jhes planed to raise money from the public through the capital market early 2009 for additional expansion plz it this company a company that raise money without put and making good result i do not think this is a good buy for investors and as well u can get the plan IPO details from stockwatch


Day monday Date 29 month september year 2008 this is a stupid company i regret buying the ipo

[henry_bonds@yahoo.co.uk]

Originally Posted by hispy99

Valuation of the company remains unchanged. Whether the price will remain at N5 will be determined by market forces.

The balance of 8B-2.79B is held by Dokpesi and co. You were not cheated if you bought the offer. What happened was that Dokpesi sold part of his own holdings and raised new capital during the IPO. The total amount raised during the IPO was 2.79B * N5 even though the company is now worth 8B * N5. Just imagine if you had a company and sold part of it to the public. When the company is listed, the entire shares are listed, not only the shares you sold to the public.

I hope I was clear enough.

Thanks for the clarification. Such insightful response is why we look up to this forum for answers to our questions.
Pls. Keep up the good work

[olusolakemmy]

does anybody by chance have his/her shares credited straight into cscs acct?

Anybody got certificate yet?

only one person reported receipt of her certificate so far in this forum!!

as for me, i have not receive my certificate neither is my cscs credited!!

[BLUEMONEY]

Originally Posted by olusolakemmy

does anybody by chance have his/her shares credited straight into cscs acct?

Anybody got certificate yet?

only one person reported receipt of her certificate so far in this forum!!

as for me, i have not receive my certificate neither is my cscs credited!!

I Have received my certificate and have taken it to my Broker for verification but it has not been credited into my CSCS Account. Even if they did e-allotment, I Believe it was done for the selected few because I included my CSCS Number in the Application form but received a Hardcopy certificate.

[Davog]

i have received mine too.

[phemmie06]

I have not received my share certificate

[BLUEMONEY]

Originally Posted by phemmie06

I have not received my share certificate

Then maybe you should wait a little because First Registrars have been sending them out.

[olusolakemmy]

Originally Posted by BLUEMONEY

I Have received my certificate and have taken it to my Broker for verification but it has not been credited into my CSCS Account. Even if they did e-allotment, I Believe it was done for the selected few because I included my CSCS Number in the Application form but received a Hardcopy certificate.

thanks for the info
i am yet to receive my certificate
i really dont know why letter sent from abebe close in costain will take forever to get to Campus lagos island

No shaking am waiting

[BLUEMONEY]

Originally Posted by olusolakemmy

thanks for the info
i am yet to receive my certificate
i really dont know why letter sent from abebe close in costain will take forever to get to Campus lagos island

No shaking am waiting

The reason you may not have recieved your own yet could be NIPOST and thier slow delivery system.

[olusolakemmy]

Originally Posted by BLUEMONEY

The reason you may not have recieved your own yet could be NIPOST and thier slow delivery system.

i subscribed for the public offer and offer for subscription
i got one of the certificate yesterday, didnt even really look which of it came and i asked why cant nipost send both at once?

well, we are always satisfy with second class or poor services in nigeria.

[tonidol]

Originally Posted by olusolakemmy

i subscribed for the public offer and offer for subscription
i got one of the certificate yesterday, didnt even really look which of it came and i asked why cant nipost send both at once?

well, we are always satisfy with second class or poor services in nigeria.

Yet to receive any certificate despite all the six weeks noise made by Dokpesi.

Going beyond stocks now, we are not yet ready for a new Nigeria. The wicked and deceitful need to be wiped out of our nation before meaningful progress can be made.

[BLUEMONEY]

Originally Posted by olusolakemmy

i subscribed for the public offer and offer for subscription
i got one of the certificate yesterday, didnt even really look which of it came and i asked why cant nipost send both at once?

well, we are always satisfy with second class or poor services in nigeria.

If you bought the offer for sale or the offer for subcription, the certificate will come in only one name i.e DAAR COMMUNICATION PLC.