Starcomms

[princed]

Just been told they have sold out the units they had.

Phone: +234-1-2694080, +234-1-2694775, +234-1-686584

[wewe2008]

anyone knows who is still selling aside from Partnership investement? i really want to buy this share. i was no around when it hit d PP market.

[Babs_O]

Originally Posted by wewe2008

anyone knows who is still selling aside from Partnership investement? i really want to buy this share. i was no around when it hit d PP market.

Take time to read through the pages of this thread and you will see a package sale from Afrinvest for N15. You can call Afrinvest if it is still available for purchase.

[yang2005]

All:
Does any one have information about Starcomm listing? See approval from SEC.
Approved New Issues

[owen1968]

What would happen to Starcomms if it were listed in today's market? Do people still looking to buy take that into consideration?

[alanbow]

Originally Posted by yang2005

All:
Does any one have information about Starcomm listing? See approval from SEC.
Approved New Issues

I got the note Below from IBTC yesterday so hopefully by September Stacomm should be listed

Please find enclosed a share transfer form for your execution to enable the Registrars to the Placement issue you a share certificate. Kindly complete the shaded portion of the form and return same to Stanbic IBTC Bank Plc no later than close of business on Tuesday, 01 July 2008.


The registrars will begin dispatch of share certificates no later than 08 July 2008. We expect the shares to be listed by Introduction on The Nigerian Stock Exchange before the end of August 2008.


We thank you for your participation in this exciting investment opportunity."

[newton]

Originally Posted by yang2005

All:
Does any one have information about Starcomm listing? See approval from SEC.
Approved New Issues

This doesn't really follow, it is only an approval for the placement/offer which 4 pps are only a formality but aids in listing subsequently on the exchange.
Notice that chams has long been approved and yet they'v not listed as against Omatek that dint even appear on the 'Approve new issues' page is already available on the floor of the NSE.

[wanaj0]

Originally Posted by alanbow

I got the note Below from IBTC yesterday so hopefully by September Stacomm should be listed

That means that the game has changed!!!!

[Apache]

Going by the link provided above, Starcomms will be listed at N13. Judging by recent PPs that have listed (Omatek, Tanties), you might be able to get Starcomms cheaper than N13

[suzyQ]

Proshare news has it that SEC will be meeting on Friday to consider Starcomms application for listing. This seems to give credence to IBTC's expectation that Starcomms will list before the end of August.

[solainvest]

The Punch: Starcomms extends service to Shagamu, Ijebu-Ode

[japo]

Starcomm certificates are due out next week friday latest......returm monies are ready too at IBTC and Chapel hill

[japo]

approval for listing recieved listing due on or before end july

[chyke70]

Nigeria Stock Exchange announced today that Starcomms Plc is scheduled for listing on Monday, 14th July, 2008 and, Eterna Oil Plc has also submitted an application for supplementary issue made up 252 million units Offer for Subscription at N28.90k and Right Issue of 168 million units at N26.90k per share.

[kenebobo]

Originally Posted by chyke70

Nigeria Stock Exchange announced today that Starcomms Plc is scheduled for listing on Monday, 14th July, 2008 and, Eterna Oil Plc has also submitted an application for supplementary issue made up 252 million units Offer for Subscription at N28.90k and Right Issue of 168 million units at N26.90k per share.

Was the PP done at 50k per value or N1 par value because the listing is at 13.65 per 50k on monday while I know that the PP was around N12. Does it mean that those that took part in the PP didnt make much profit?

[zainabusman]

Originally Posted by kenebobo

Was the PP done at 50k per value or N1 par value because the listing is at 13.65 per 50k on monday while I know that the PP was around N12. Does it mean that those that took part in the PP didnt make much profit?

The par value was 50k. Yes they wont be making much profit. Infact some bought at N15. Furthermore some units will be available on Monday to buy. From what i read, stockbroking firms are allowed to bid no more than 500,000 units on Monday. So if u are interested u can ask ur broker to bid on ur behlaf.

The reality is they are listing at a difficult time and anything can happen.

The era of making huge returns on PP's seems to be over.

[realdeal]

Originally Posted by zainabusman

The par value was 50k. Yes they wont be making much profit. Infact some bought at N15. Furthermore some units will be available on Monday to buy. From what i read, stockbroking firms are allowed to bid no more than 500,000 units on Monday. So if u are interested u can ask ur broker to bid on ur behlaf.

The reality is they are listing at a difficult time and anything can happen.

The era of making huge returns on PP's seems to be over.

Zainab - Pretty much don't expect an upward swing on DAY 1 of this listing on secondary market?

Interesting that they have units available considering most people that purchased pp did not get all their allotment