Daar Communications Plc (AIT)

suni · #1 (**permalink**) 24th December 2007, 11:53 AM

Am sure you are aware of the listing of Daar communication owners of AIT Ray power in the stock market, it means we could be especting an IPO from them next year, what do you think, and investment in the media sector, is it worth while trying, if am not wrong this is the first of its kind.

hispy99 · #2 (**permalink**) 24th December 2007, 03:27 PM

Quote:

Originally Posted by suni

Am sure you are aware of the listing of Daar communication owners of AIT Ray power in the stock market, it means we could be especting an IPO from them next year, what do you think, and investment in the media sector, is it worth while trying, if am not wrong this is the first of its kind.

If we see the prospectus, one might be in a position to say if it's worth it or not

newton · #3 (**permalink**) 24th December 2007, 03:43 PM

Yeah the company announced recently (during their 10yr anniversary) that it intends to be listed on the NSE. But surely they'd do an offering to meet the listing requirements, followin trends in the market i'd say they wd go 4 a private placement initially, list by intro, watch d stock rally up significantly, get a TS and float their IPO.

olusolakemmy · #4 (**permalink**) 24th December 2007, 10:28 PM

one has to see the prospectus, am sure in the prospectus the balance sheet of their last ten years of business will be included, by so doing, you can have an informed decision on trying or not.

newton · #5 (**permalink**) 25th December 2007, 03:39 AM

Quite right. But sure no firm wd do more than d required 5yr summary in their offer documents as that wd result in undue expenses.

suni · #6 (**permalink**) 27th December 2007, 11:02 AM

Its like we just have to wait until they make their business transactions public, so that we can know how viable they could be.

chubby · #7 (**permalink**) 8th January 2008, 03:22 PM

Lets first see what their business history is like then, we will know if they are worth investing in.

faoogoke · #8 (**permalink**) 11th January 2008, 08:27 AM

ALL,
AIT ran an advert just before the news commenced yesterday implying that their veiwers would soon have an opportunity to be part owners of the "AIT DREAM".
Raymond Dopkesi have hinted before now of the company's plan to go public.
You and I are aware that as part of the SEC conditions for list raising of fund by way of private placement would have to be done.
Let everyone keep their ears to the ground concerning the Daar communication move.

newton · #9 (**permalink**) 11th January 2008, 09:33 AM

Tanx,

We'll all keep checkin to ensure we get the info ASAP.

Let the Network grow stronger!

olusolakemmy · #10 (**permalink**) 11th January 2008, 11:35 PM

ait dream???????????????????????
we are waiting

juliusdudu · #11 (**permalink**) 14th January 2008, 09:50 AM

surely waiting

bigboylarry · #12 (**permalink**) 20th January 2008, 05:31 PM

@ All

Is There Any Update On Dar Listing Or There Pp Info

hispy99 · #13 (**permalink**) 23rd January 2008, 04:19 AM

Quote:

Originally Posted by juliusdudu

surely waiting

Daar communication to do a PO

THISDAY ONLINE

Price is N5; 1.82 billion shares will be by PO and 0.96 billion shares Offer for Sale

crtide · #14 (**permalink**) 23rd January 2008, 11:41 AM

The prospectus of this needs to be studied very carefully, because there is an offer for sale in the IPO. If it's that lucrative why would some existing investors be divesting......why not wait till it is listed and make more frfom your investment or is the discount not worth the wait?

Etubom · #15 (**permalink**) 23rd January 2008, 05:25 PM

Quote:

Originally Posted by crtide

The prospectus of this needs to be studied very carefully, because there is an offer for sale in the IPO. If it's that lucrative why would some existing investors be divesting......why not wait till it is listed and make more frfom your investment or is the discount not worth the wait?

You are probably right. When Dangote sold part of his DSR holdings, he gave as his reason his strong desire and personal philosophy to spread the wealth around. And this was not a one-off thing. He has made all the top management echelon of his company very rich by awarding them shares in companies in his group. Did the same thing this year.

But again who knows, Daar director(s) or Dokpesi (partial sell, off course) who want to sell probably need the capital for a better investment opportunity somewhere else.

nezvest · #16 (**permalink**) 23rd January 2008, 06:44 PM

Guys, who have the prospectus? Post for our perusal, pls.

richestowealth · #17 (**permalink**) 31st January 2008, 04:33 PM

Daar is probably coming out via IPO. This was hidden in this report about WEMA. "It was gathered that the quotation department of the NSE had started working on the application along side that of Daar Communications Plc and others before the suspension of Omoyeni from office by the Central Bank of Nigeria and the appointment of Mr. John Aboh as the Acting GMD/CEO..." http://www.thisdayonline.com/nview.php?id=101772