Daar Communications Plc (AIT)

[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.

[hispy99]

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]

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]

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]

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]

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]

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

[faoogoke]

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]

Tanx,

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

Let the Network grow stronger!

[olusolakemmy]

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

[juliusdudu]

surely waiting

[bigboylarry]

@ All

Is There Any Update On Dar Listing Or There Pp Info

[hispy99]

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]

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]

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]

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

[richestowealth]

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

[olusolakemmy]

DAAR comm, its alright at N5.
but studying the prospectus will really open our eyes more to the advantage and or disadvantage of buying into the company.
offer for sales does not really mean that the existing shareholders want to sell because the coy is not good to hold onto, sometimes it is a strategy.

[suni]

Originally Posted by bigboylarry

@ All

Is There Any Update On Dar Listing Or There Pp Info

Yes! there has been an update, the following information confirms to that:

I think it is worth given a thought, what do you say

Nigeria’s pioneer satellite broadcast outfit, DAAR Communications Limited, has concluded arrangements to raise N13.5 billion from the floor of the nation's capital market.

Dr. Raymond Dokpesi, the chairman and chief executive of DAAR Communications, disclosed this at the floor of the Nigerian Stock Exchange (NSE) in Lagos.

Dokpesi said the company has resolved to use the opportunity provided by the NSE to move the communication outfit forward.

He said the overall objective was to attain the standard of international broadcast systems like the Cable News Network (CNN).

Under the two-in-one offer, DAAR Investment and Holding will offer 980 million shares of 50 kobo each at N5 per share while DAAR Communications will offer 1.890 billion shares of 50 kobo each at N5 per share.

According to him, the combined offer is valued at N13.5 billion.

He said that the proceeds of the offers would be used to digitalise the operations of the company.

This, he said, would enable the company to shift from analogue to digital system, engaging in global telephone to provide multi-channel digital television system across West African regions.

He said that the company was also nursing the ambition of penetrating other sub African regions and foreign countries.

DAAR Communications Limited, owners of African Independent Television (AIT) is the first broadcast outfit in the country to approach the capital market for funds.

It is understood that DAAR Communications had met all the requirements stipulated by law to come to the market. - Guardian

[newton]

But lets get a hold of the prospectus or betterstill prior year financials to be certain of the valuation.

Though, beyond the fundamentals, its certain this wd be oversuscribed goin by recent trends in the market