Resourcery PP

[newton]

This firm is currently undergoing due diligence in a bid to approach the market for what seems most likely to be a PP
Brief
'Resourcery is one of Nigeria’s leading Solutions Integrators providing a
comprehensive range of enterprise-wide, information and communication technology solutions and services. Founded in 1985, Resourcery has grown to a staff strength of over 100 professionals with offices in Lagos, Abuja and Port Harcourt'
Website
Welcome To Resourcery Limited

[en_y]

@newton

any update on the Resourcery PP?

[alomabello]

According to a very reliable source, this closed on Monday this week. I was barely lucky to get in at N1.70 myself

[olusolakemmy]

Originally Posted by alomabello

According to a very reliable source, this closed on Monday this week. I was barely lucky to get in at N1.70 myself

what was the minimum unit?
u got it at 1.70, what was the actual price?
who was ur contact?
thanx

[alomabello]

My contact was within the company, they sold to staff and he bought 500k unit at N1.7. I dont know if that was the original price

[olusolakemmy]

Originally Posted by alomabello

My contact was within the company, they sold to staff and he bought 500k unit at N1.7. I dont know if that was the original price

thanks for your promt response.
please dont be annoyed if u consider my probe as been to far.
i wanted to know if he bought 500k for you or he bought 500k for himself and then sold part to you?
is 500k unit the minimum?
was the PP for staff only?
which company is putting the offer together?

[solainvest]

I just got this.

[zainabusman]

Originally Posted by solainvest

I just got this.

Thanks. Looks affordable. PE of 2008 a bit high but forward PE of 2009 is 10.

Members can still try to submit at Ecobank tommorow. Try to submit to the Investment Bank in Ecobank HO at Ahmadu Bello way. They might just collect it.

[mutu1]

No prior financials only forecasts!,
PE 2008 is 24, 2009 is 10.
A lot of banks, insurance companies and other stocks listed now have better projections that that. Unless one is banking on the initial listing rally which the certificates might not be available by then...

[wanaj0]

Originally Posted by zainabusman

Thanks. Looks affordable. PE of 2008 a bit high but forward PE of 2009 is 10.

Members can still try to submit at Ecobank tommorow. Try to submit to the Investment Bank in Ecobank HO at Ahmadu Bello way. They might just collect it.

Don't bother!!! As at the last count, its already 150% oversubscribed!!!! expect huge refund.

[zainabusman]

Originally Posted by wanaj0

Don't bother!!! As at the last count, its already 150% oversubscribed!!!! expect huge refund.

Thanks. No surprise since they are trying to raise just about a billion.