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Private Placements Discuss Nigerian Private placements here. Unlike a public offering, a private placement is a direct private offering of stocks to a limited number of sophisticated investors.

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  #1 (permalink)  
Old 20th February 2008, 09:33 PM
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Red face Negris Pp

House,
Just learnt NEGRIS is planning a PP soon.
NEGRIS is an independent power project contractor.
They were involved in the Rivers state IPP project and for other states too.
All, pls be on the look out.
I will try getting more details

Cheers
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  #2 (permalink)  
Old 20th February 2008, 10:27 PM
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Yeah, heard of the firm.
But lets get a hold of the prospectus to be sure of proper valuation, though wd expect they get it right.

Ltr!
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Old 20th February 2008, 11:20 PM
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Quote:
Originally Posted by Abinishio View Post
House,
Just learnt NEGRIS is planning a PP soon.
NEGRIS is an independent power project contractor.
They were involved in the Rivers state IPP project and for other states too.
All, pls be on the look out.
I will try getting more details

Cheers
i heard one the coy once, but is it fully owned by nigerian or foreign?
whats the level of goverment participation?
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Old 21st February 2008, 07:52 AM
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Quote:
Originally Posted by olusolakemmy View Post
i heard one the coy once, but is it fully owned by nigerian or foreign?
whats the level of goverment participation?
Negris is an engineering company. I think it is a Nigerian company but a rep of some foreign companies. I think they are the only company allowed to import Solar Turbines into Nigeria. That's how they got involved in the power projects since most of the turbines are Solar.

Will try and get more info.
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Old 21st February 2008, 08:03 AM
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Thumbs up Good Investement!!

Negris is an indigenous company managed by Engr (Dr) Abidoye Ayoola. They are into independent power production via solar systems, gas turbines etc. The handled the Rivers state power projects and have supplied many oil coys Agip, Shell, NNPC with power generating installations. Considering the dearth of PHCN in Nigeria, I think this coy has a lot of future doing business in Nigeria. I hope we can find out when they intend to come out. Visit Welcome To Negris Limited..
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Old 21st February 2008, 08:34 AM
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Hmmm! this sounds very interesting. Considering the power situation we have in the country and the state of emergency declared, The future looks bright for this sector.
More info needed pls
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Old 21st February 2008, 09:17 AM
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This is interesting. We will appreciate your analysis of the pp and more informatin about when it should be expected
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Old 21st February 2008, 09:45 AM
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Still on Negris pp. Is anybody privy to the coy's financial status for it to enjoy this commendation as a good investment? I'm sure very little is known of its activities. Could it be another Japaul in the making? Have a fruitful deliberations.
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Old 21st February 2008, 10:26 AM
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Quote:
Originally Posted by idowu_k View Post
Still on Negris pp. Is anybody privy to the coy's financial status for it to enjoy this commendation as a good investment? I'm sure very little is known of its activities. Could it be another Japaul in the making? Have a fruitful deliberations.
i don't think anyone has said it's a good investment as that can only be stated when the prospectus has been seen. but considering the potentials for the sector which this company operates in, the future looks promising. Let's focus our energy on trying to get more info.
I have sent them a mail todauy, hopefully someone will reply. Tried calling but their phone numbers are not going through on my mobile.
(my phone no be Mtel o!)
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Old 21st February 2008, 10:31 AM
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Thumbs up

I would be interseted in this Negris placement.But, how and when is the PP...?ANYBODY
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Old 21st February 2008, 10:34 AM
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Thumbs up

wanajo and Apache have being doing a hell of job.thumbs up for you guys
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Old 21st February 2008, 03:04 PM
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Angry

House,
I have today found out that the placement is being handled by Meristem.
Pls anyone with link at Meristem to pls activate contact.
This one should not pass us.
I hear also that plans are near completion to start this PP.
Lets keep our ears to the ground
I will keep digging

Cheers
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Old 21st February 2008, 03:32 PM
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Apache will soon be promoted more(if possible) in this forum. Guys what do you guys think?
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Old 21st February 2008, 03:34 PM
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From Negris site, it is like a group with about four subsidiaries. Well it looks good but as has been said above, we need prospectus.
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Old 21st February 2008, 03:46 PM
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Default prospectus????

Good work guys,
....still waiting for the prospectus.????
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Old 21st February 2008, 07:51 PM
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meristem handling it???????????????????
i hope the story will bot go like that of chams handled by IBTC
still waiting
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Old 21st February 2008, 08:03 PM
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Quote:
Originally Posted by shakasha View Post
Negris is an indigenous company managed by Engr (Dr) Abidoye Ayoola. They are into independent power production via solar systems, gas turbines etc. The handled the Rivers state power projects and have supplied many oil coys Agip, Shell, NNPC with power generating installations. Considering the dearth of PHCN in Nigeria, I think this coy has a lot of future doing business in Nigeria. I hope we can find out when they intend to come out. Visit Welcome To Negris Limited..
the negris website is not going further from the welcome or home page.
well, may be its from the system am susing.
anyway, we are anxiously waiting for more news.
SEC release a statement stating their worries over several PP that is happening now.
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Old 22nd February 2008, 09:15 AM
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IBTC dint handle chams,

plus as far as this forum is concerned i'd say chams was a success for members here.
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Old 25th February 2008, 09:56 AM
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Confirmed that they are planning a PP but it has not started. Once it is ready, will inform the house.