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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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Old 28th March 2008, 11:19 PM
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Default Molten trust Ltd pp

Am not a fan of pp's but for those who cares.


Molten Trust Limited, (Member of the Nigerian Stock Exchange) (NSE) seeks to raise fresh funds (One billion naira) by way of Private Placement (PP). Anthony Oyewale General Manager (GM) of the company today made this disclosure to Proshare NI.



Oyewale explained to Proshare NI that Molten Trust is seeking to raise the amount in order to meet up the minimum capital requirement set by regulatory authorities for players in the Nigerian Capital Market.



“We are looking at raising the funds by April, 2008, and we are working out modalities to make sure that by April, we will begin the placement” Oyewale said.
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Old 29th March 2008, 11:16 AM
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Na wa oh!!!!!!! All these stockbroking firms, The question is....how many will eventually scale the recapitalization hurdle? How many will be listed out of 200 and something? Going into PPs is really some gamble. Housemembers The fact is that most of them are promising to get listed soon for people to buy in, But i'm sure the earliest they can achieve is 12-18 months time frame. so lets have that at the back of our minds when investing.....
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Old 29th March 2008, 11:36 AM
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You're right

One has to be really careful about all these pps. We should note that they are high risk investments. The returns can be highly impressive; but at the same time, a loss could be colossal.

For stockbroking firms, the risk is even higher because we do not know yet which ones will scale the recapitalisation hurdle.

I'm not trying to discourage anyone from investing; but look hard before U leap. Consider factors such as the company's financial position, management, prospects, industry & political risks & even corporate image.

Remember that the promises they make about listing & all are merely indicative. They are not bound by any of them.
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Old 29th March 2008, 12:05 PM
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My suggestion is that you should avoid stockbroking firms with a long pole.

If you want to participate, do your research and pick out the biggest / reputable and best 5.

They will or might have come to the market already.

Our market is funny, you might find all these other ones been listed but from feelers I am getting, the regulatory authorities are not very happy that stockbroking firms are talking about listing under a different guise.

They will face serious regulatory hurdles. What stockbroking firms should be doing is merging. 10 of them should merge and become 1. I must commend the recent merger of Chapel Hill & Denham and hope this will set a trend for the market.
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