Golden Securities PP

[maxiakala]

Golden sec Pp of 500 million shares of N1 at N1 per share. Tried searching for their website but don't think they have one. Here is their contact:

Golden securities
Bookshop House (8th Floor), 50/52, Broad Street, Lagos P. O. Box 5219, Marina. Tel: 01-2642447, 2631375 mobile: 08029442977, 08032383266, 08023321743, 08053948167, e-mail: goldensecltd@hotmail.com.

Check out the details of the PP on:
Guardian Newspapers

[suzyQ]

Thanks for posting Maxi.

N1 offer price for N1 nominal value looks good to me considering also that the company has already converted to public and plans to list its shares soon.

Please, anybody that gets the prospectus should post;let's analyse it.

[Davog]

Originally Posted by suzyQ

Thanks for posting Maxi.

N1 offer price for N1 nominal value looks good to me considering also that the company has already converted to public and plans to list its shares soon.

Please, anybody that gets the prospectus should post;let's analyse it.

i think this will be a good offer.

[idowu_k]

The guardian newspaper reportage did not indicate the Registrar or the Issuing house(s) for the Pp. Can anybody help with this info., please?.

[odutaa]

i send email to the hotmail address about the pp,how i can get the soft offer,i was told by email they can't send it to me thru email,i have to pick it up,so i reply the mail by tell them to give me address to pick it up,still waiting will keep u guys posted.when i get the address.

[ttoladele]

With flood of private placements coming out, how do we ensure the safety of our hard earned funds? What will happen to investors money invested through private placement in stock broking firms that still can't make the minimum recapitalisation hurdle set by the govt. Most of us will remember that many people lost their money to many banks (through various investment vehicles like private placements, investment funds etc) that fail to make the 25 billion recapitalisation hurdle. I know 1 or 2 people still hoping they will get their money back. There are so many stock broking firms in the system, how do we seperate ''the wheat from the chaff or the men from the boys ?''. A lot of them will soon become history or be swallowed up by stronger ones, either way their share holders will pick up the loses.

I want to appeal to every member of the forum to put their ears on ground for valuable information that will enhance our investment decisions. We don't want to invest in dead or dying companies.

Please lets have more quality information, goodluck to everyone.

[suzyQ]

I called their office and they have promised to send me a soft copy of the prospectus. The prospectus will provide full details. Will post it as soon as I receive it

Ciao... & have a good weekend everybody!

[Davog]

please read through
Proshare News

[olusolakemmy]

Originally Posted by ttoladele

With flood of private placements coming out, how do we ensure the safety of our hard earned funds? What will happen to investors money invested through private placement in stock broking firms that still can't make the minimum recapitalisation hurdle set by the govt. Most of us will remember that many people lost their money to many banks (through various investment vehicles like private placements, investment funds etc) that fail to make the 25 billion recapitalisation hurdle. I know 1 or 2 people still hoping they will get their money back. There are so many stock broking firms in the system, how do we seperate ''the wheat from the chaff or the men from the boys ?''. A lot of them will soon become history or be swallowed up by stronger ones, either way their share holders will pick up the loses.

I want to appeal to every member of the forum to put their ears on ground for valuable information that will enhance our investment decisions. We don't want to invest in dead or dying companies.

Please lets have more quality information, goodluck to everyone.

you are correct, for me, the only landmark that can attract me to invest in a stockbroking firm, is if the firm is affiliated or own by a bank, by that atleast ou that they have back bone incase of emegency.
in my opinion, i still need to sit with financial expert to analysed the situation in our capital market, i dnt know if it is a good or bad idea, the amount of company raising funds particularlyt through PP is alarming, to the extent that SEC had to come out with a comnuique on the matter.
so i sincerely hope that in our bid to be rich, we dnt get sacrificed

[Bomsky]

We should be very careful in the PP's that we invest in because some of them may not make the recapitalisation eventually.

The best advice is to sit with one's financial adviser to study the prospectus to authenticate the veracity of their claims, or else, some people's monies may go the way of some liquidated banks duringthe banking recapitalisation.

Happy Investing!!!

[zainabusman]

Indeed we should be careful. Otherwise if the company fails to get the N1 billion required we could be stuck. At a minimum we need the prospectus to determine the following among others:

1) The current shareholders funds of the company. If they have at least N500 million, we know chances of survival are high
2) We need to know the directors of the company. Can they easily raise the money
3) The quality of the issuing house(s)
4) Is the offer underwritten

I subscribed to Globe Reinsurance private placement and they failed to be recertified by NAICOM. Only God knows when things will be resolved. For now my money is stuck. Once beaten twice shy.

[creflo]

please has anyone seen the prospectus of this offer so we can look into it before it ends. Really interesting offer thats is worth checking. for so of us abroad posting the prospectus or the form here will be helpful. this forum has been very informative.keep it up yu all!!

[polosco]

Originally Posted by creflo

please has anyone seen the prospectus of this offer so we can look into it before it ends. Really interesting offer thats is worth checking. for so of us abroad posting the prospectus or the form here will be helpful. this forum has been very informative.keep it up yu all!!

I will get a copy of the prospectus on tuesday and will try to put it online, but i learnt from a staff of the coy dat no photocopy will be accepted as d forms are numbered so as to control oversubscription and possible take over by the moneybags

[dologun]

Hi Guys,
I have a copy of Golden securities's prospectus, am still analysing it.Does anyone know when they will be listed, bcos that is the koko!!!

[shakasha]

Just got a reply to my mail to golden securities, minimum subscription is 50,000 units. Runs from 3rd March to 24th April, what a long period. Could allow for oversubscription. Since we are yet to see the prospectus, its hard to say how good this offer is....we'll still wait for that.

[dologun]

Point of correction closing on the 24th of April and not 4th

[MR. CEE]

Originally Posted by dologun

Hi Guys,
I have a copy of Golden securities's prospectus, am still analysing it.Does anyone know when they will be listed, bcos that is the koko!!!

If you have the copy please upload it so that we can all have access to it