Valueline Securities PP

[solainvest]

Valueline Securities Diversifies Operations, Floats N6b Private Placement
( 22.02.08 )

Source: The Guardian

As stockbroking firms jostle to meet the N6 billion recapitalisation mark in the capital market, indications that some of them have met and surpassed it emerged midweek in Lagos.

Besides, some of the stockbrokers are even making moves to go into other areas of the capital market and even money market to enhance their positions and consolidate further.

For instance, Valueline Securities and Investments Limited, which capital base currently stands at N1.8 billion, has floated a N6 billion private placement to enhance its operations and diversification programme.

The company, according to its Managing Director, Mr. Sam Enyinnaya is also warming up for listing on the Nigerian Stock Exchange, and will also increase its capital to N15 billion to enable it carry out micro-finance business, bureau de change business, telecommunications business, among others.

Enyinnaya said: "Our capital base is now N1.8 billion and we are targeting N15 billion. We are selling three billion shares through private placement at N1.70 per share to raise about N6 billion. Our authorised share capital is now N4 billion and it is being processed to increase to N15 billion, and our paid-up capital would be N14 billion.

He continued, "the essence of increasing our capital base is to enable us have enough capacity to carry on with the business for which we have divide ideas and hey include telecommunications outfits, microfinance, bureau de change, margin trade financing for our numerous customers, stockbroking, issuing houses and underwriting business.

"We needed up to N20 billion to do all these business and we will get there before the year runs out."

The company's private placement, according to Enyinnaya, would be packaged by Afribank capital markets as the issuing house, and its being aided by investment agencies like Premium Securities, Oceanic Bank, Fidelity Bank, Unex Securities, AIL Securities among others.

On the proposed listing of the company, he said: "A restructured Valueline outfit under a new name would be listed by introduction before the year runs out, precisely before the end of this quarter. We will set up a microfinance bank and have a foreign participation in telecommunications business."

The structure was arranged by a firm of consultants from Canada and Israel

[pesadilla]

sounds very good,but the prospectus will give a better view of the company.
thanks for the infor solainvest.

[newton]

Website
Valueline Securities & Investments Ltd.

Called a marketer there, said prospectus wd be out monday, they can deliver to ur office if within lagos.

[mbchfal5]

Hi all.

I believe I'm one of the newest in the forum. I am a young medical doctor based in Abuja and don't know sh-t pls. I have been following your threads and I'm particularly interested in this one.

Please guys, forgot not those of us who live outside Lag. So pls holla me quick on how to get the PP forms for Valueline here in abj.

Regards to ya all (my egbons - senior bro/sis)

Peace!

[newton]

U'r welcome.

Check d site, link attached in earlier post, they've got an office in abuja so same shd apply there.

Regards

[gafunk]

Originally Posted by newton

U'r welcome.

Check d site, link attached in earlier post, they've got an office in abuja so same shd apply there.

Regards

would be much obliged if the pp of Valueline Securities can be sent to my email gafunk@hotmail.com

[Davog]

For those in Abuja, this is the add.
Abuja Office:
Valueline Securities and Investments Limited
Banax Plaza New Site
Block B, Suite 44 (2nd Floor)
741 Aminu Kano Crescent
Wuse II, Abuja.

Tel: 09-4133538

[adewale]

That you newton for the info that you always provide for us on the forum and i want to let you know that their site had being check but their is no info concerning their address or phone number so we can called them.
Thank you newton for the info

[efasela]

Hi Ladies and Gentlemen,
This is my first post on this forum.U guys have been doing a great job here.
Pls, can someone graciously educate me.
i.How profitable is this valueline private placement likely going to be.
ii.What is the minimum no of units that can be purchased.
iii.How soon will the company be Listed on the NSE.
I am planing to throw some cash on it but I don't know much about the fundamentals of the company.

[hispy99]

Originally Posted by efasela

Hi Ladies and Gentlemen,
This is my first post on this forum.U guys have been doing a great job here.
Pls, can someone graciously educate me.
i.How profitable is this valueline private placement likely going to be.
ii.What is the minimum no of units that can be purchased.
iii.How soon will the company be Listed on the NSE.
I am planing to throw some cash on it but I don't know much about the fundamentals of the company.

No one knows how profitable it'll be. We need to see the prospectus to be able to make an educated guess
The min # of units will be determined when we see the prospectus, which is not yet available
Regarding the listing date, I have no idea.

Before you throw your money inside, please read the prospectus first.

[faoogoke]

Someone please help with valuline telephone number(s). They one posted is not working and worst stiill their web site has no telephone information.

[mbchfal5]

Hi all.
Thanks for your reply. I have noted the Abj address of Valueline Securities and would pay them a visit soonest. However, I know the prospectus may not be there yet (Abj usually lags behind Lag). So if anyone lays hand on it should kindly post it or the important details (price, minimum unit, etc) to the forum.

Thanks and on the look out

Regards

[alanbow]

Originally Posted by faoogoke

Someone please help with valuline telephone number(s). They one posted is not working and worst stiill their web site has no telephone information.

The website has got the Telephone and contact address under About us.

Lagos Office:
Valueline Securities and Investments Limited
Investment House, 3rd Floor
21/25 Broad Street, P.O. Box 54630
Falomo, Ikoyi.

Tel: +234-1-2660078, 2663859
Fax: +234-1-2660029

[faoogoke]

Originally Posted by alanbow

The website has got the Telephone and contact address under About us.

Lagos Office:
Valueline Securities and Investments Limited
Investment House, 3rd Floor
21/25 Broad Street, P.O. Box 54630
Falomo, Ikoyi.

Tel: +234-1-2660078, 2663859
Fax: +234-1-2660029

Thanks Alanbow

[faoogoke]

Originally Posted by mbchfal5

Hi all.
Thanks for your reply. I have noted the Abj address of Valueline Securities and would pay them a visit soonest. However, I know the prospectus may not be there yet (Abj usually lags behind Lag). So if anyone lays hand on it should kindly post it or the important details (price, minimum unit, etc) to the forum.

Thanks and on the look out

Regards

Gave the company a call and was told that the pp is yet to commence though it was supposed to open from 3rd of next month. I was told it would come on by next month end or before next month end that I should call in from time to time to know.
The price I was told would be N1.70 for N1.00 share.

[Davog]

Faoogoke,
thanks, your post has been so helpful. meanwhile congrat for being a senior member, you deserve it.

[faoogoke]

Originally Posted by Davog

Faoogoke,
thanks, your post has been so helpful. meanwhile congrat for being a senior member, you deserve it.

Thanks Davog. Look forward to seeing you there too.