Jubilee-Life to raise N5 billion through P/Placements

[alanbow]

Another one on his way, lets wait for the prospectus and see.

Proshare News

[faoogoke]

I have been montoring Jubillee life since last year. I am however dissappointed that they plan to do the pp for 50k share and at N3.00. This is a company that just came back to profit for the first time.
I am not touching it! Whatever the pp prospectus might say.

[El-Kayode]

Originally Posted by faoogoke

I have been montoring Jubillee life since last year. I am however dissappointed that they plan to do the pp for 50k share and at N3.00. This is a company that just came back to profit for the first time.
I am not touching it! Whatever the pp prospectus might say.

I subscribe to your opinion Fao.

[ikpong]

Originally Posted by faoogoke

I have been montoring Jubillee life since last year. I am however dissappointed that they plan to do the pp for 50k share and at N3.00. This is a company that just came back to profit for the first time.
I am not touching it! Whatever the pp prospectus might say.

Thank you for a point well made. This speaks to a careful examination of the numbers in the prospectus to be sure the numbers are not cooked up for the offer, given the fact that the SEC does not oversee the pps.

[5959olu]

Any news on Jubilee Life PP. Can anybody with information on this PP update me please.

[dejacrue]

just fao said they just return from loss to profit n they r doin a pp at N3.THAT'S HIGH.FELOOW INVESTORS BE CAUTIOUS.

[paullyonline]

That's a bit hasty. A company can move from loss to profit-making and never stop again due to the experience gathered on the way out of the loss.

Let's try our hands on the prospectus, we just might find something objective. Kindly post it if you have it even if your dont buy it.

[efasela]

Any news here,pls.

When is it closing? who is the issuing house.

Can we confirm how much it is really going for,and what is the minimum we can do?

Any one with prospectus,plssss.

[polosco]

Pls has anyone info on this PP yet or have we forgotten about it? Let's not give up on it yet..........

[olusolakemmy]

Originally Posted by faoogoke

I have been montoring Jubillee life since last year. I am however dissappointed that they plan to do the pp for 50k share and at N3.00. This is a company that just came back to profit for the first time.
I am not touching it! Whatever the pp prospectus might say.

why not wait for the prospectus to know if the price is justified.
we have to consider the number of share outstanding among other things to conclude.

[pegheneji]

ur point on the price of N3 being too high may be right, but you need to consider the number of share issued a nd the number to be issued. they can decide to give existing shareholders bonus of 1 to 4 like charm did and issue 4b units and halve the price, in the end you will be having less EPS. Guiness does not make more profit than NB plc but its price is more than twice of NB b/c NBb ober 7B units IE insurance did pp at 0.75 and later reconstruct at a ratio of 3 to 1 why not do it at 225k if existing shareholders units are small. so let see the the prospectus, analise it and see the justification of the N3 b/4 condeming it.