De United Foods

[saintkayode101]

Originally Posted by BLUEMONEY

thanks for the info. This was Another James Bond PP.

Happy to miss this bullet. Short term gain possible but in the long run Indomine will be facing stiff competition from other manufacturers.

[Apache]

Originally Posted by BigSeun

It closed yesterday!!!
13th June 2008

I was actually interested in this one. Quite unfortunate

[hispy99]

Originally Posted by saintkayode101

Happy to miss this bullet. Short term gain possible but in the long run Indomine will be facing stiff competition from other manufacturers.

True, but they are the industry leader. Would have been good to have seen the memo and made a decision based on the contents.

[Michael]

Originally Posted by eazikoncepts

Any latest information about this PP ?.You can be rest assured that any grade A PP handled by IBTC will close same day it opens.This PP may be done thru expression of interest to be coded.

IBTC are my stockbrokers and I never heard of it. Maybe they bought up the lot am are warehousing

[bisodun]

In my opinion if you missed this private placement you have not missed much. The reason why the NSE is hammering on PPs is because a lot of companies are taking advantage of investors.

I saw the PP form, the only logo and name on the form was the company's name. No issuing house as far as I can tell was involved. Secondly, no one seems to have seen the PP doc - so you don't know what the indices were, how robust the company's financial's were that they were able to arrive at N9 per share.

Thirdly, is the company intending to list - I don't think so, if they are, when? -- Well since no one saw the PP doc how will you know. Was it a sale or subscription (bcos more competition is getting into the market), no one knows.

They say if something is too good to be true, it usually is. The company is a good one and should be doing well since its products are well known but nothing about it's future plans were made available so how can one make an informed judgement.

Any investment must justify a reasonable safety of capital, if not you might as well head for the nearest casino and hope the god of gambling will smile upon you and this is unfortunately what we are seeing and why quite a few people are losing money.

My advise to people would be look very well before you leap and don't think about lost opportunities rather look forward - you don't know if that "missed opportunity" has just saved you from a calamity.

But then in the capital market if you are not willing to lose money - you are not ready to make money, the idea is to take calculated risks.

Going forward people should ensure they have enough information to make reasonable decisions.

And the company cannot be held liable bcos you don't have anything to hold them to, no doc!

[saintkayode101]

Originally Posted by bisodun

In my opinion if you missed this private placement you have not missed much. The reason why the NSE is hammering on PPs is because a lot of companies are taking advantage of investors.

I saw the PP form, the only logo and name on the form was the company's name. No issuing house as far as I can tell was involved. Secondly, no one seems to have seen the PP doc - so you don't know what the indices were, how robust the company's financial's were that they were able to arrive at N9 per share.

Thirdly, is the company intending to list - I don't think so, if they are, when? -- Well since no one saw the PP doc how will you know. Was it a sale or subscription (bcos more competition is getting into the market), no one knows.

They say if something is too good to be true, it usually is. The company is a good one and should be doing well since its products are well known but nothing about it's future plans were made available so how can one make an informed judgement.

Any investment must justify a reasonable safety of capital, if not you might as well head for the nearest casino and hope the god of gambling will smile upon you and this is unfortunately what we are seeing and why quite a few people are losing money.

My advise to people would be look very well before you leap and don't think about lost opportunities rather look forward - you don't know if that "missed opportunity" has just saved you from a calamity.

But then in the capital market if you are not willing to lose money - you are not ready to make money, the idea is to take calculated risks.

Going forward people should ensure they have enough information to make reasonable decisions.

And the company cannot be held liable bcos you don't have anything to hold them to, no doc!

O boy, I agree with you. Money hard to make, easy to lose. Opportunities boroku for the patient and wise investor not gambler.

[ifeanyi.emmanuel]

please someone tell me whats new on market

[bsr]

i have 10,000,000 units of dee united! if ur interested holla! An IPO will be coming out pretty soon.

cheers

[faoogoke]

Originally Posted by bsr

i have 10,000,000 units of dee united! if ur interested holla! An IPO will be coming out pretty soon.

cheers

While it may be true that you have 10,000,000 unit of the shares, the IPO is definately not coming very soon.
Best wishes.

[bsr]

Originally Posted by faoogoke

While it may be true that you have 10,000,000 unit of the shares, the IPO is definately not coming very soon.
Best wishes.

IPO is coming out in 2 months. It's gonna be the same prices as the PP!

[hispy99]

Originally Posted by bsr

IPO is coming out in 2 months. It's gonna be the same prices as the PP!

I thought that a company could not do an IPO till at least 1 year after listing?

[BLUEMONEY]

Originally Posted by hispy99

I thought that a company could not do an IPO till at least 1 year after listing?

That Rule is limited to companies new listed by introduction on the NSE. if a company has not been listed, then they can do an IPO.

[BLUEMONEY]

Originally Posted by bsr

IPO is coming out in 2 months. It's gonna be the same prices as the PP!

so if the price of the IPO is thesame with the price of the PP then why should anyone be interested in your 10,000,000 units you intend to sell ?????

Dont you think it will be better for us to wait for the IPO that has the Blessing of the Regulatory Authourities and maybe buy (that is if thier financials are strong enough to support the price) rather than entering at this PP stage ?????

[bsr]

Originally Posted by BLUEMONEY

so if the price of the IPO is thesame with the price of the PP then why should anyone be interested in your 10,000,000 units you intend to sell ?????

Dont you think it will be better for us to wait for the IPO that has the Blessing of the Regulatory Authourities and maybe buy (that is if thier financials are strong enough to support the price) rather than entering at this PP stage ?????

my brother,

Am not selling 10,000,000 in bits and pieces. Am looking for a one time buyer! Regarding the IPO, do you think u can get 1,000,000 units from the IPO? The guys i work for, buy these things in tens to hundreds of millions. Hence i dispose the rest to willing buyers! Let me just post part of the appraisal i did for defil:

Comment:
DPFL has a monopoly on Indomie Noodle industry in Nigeria. Based on their analysis, the consumption of indomie noodles is has risen substantially with time. Following the offer, they hope to achieve the following strategic goals: Increase in market share and market size, leader in quality (ISO 9001:2000 certification), improved cost efficiency, employee development, and exports (Ghana).
They have also developed a backward integration plan that will enable them produce the raw materials that are needed for indomie production. Their plan includes owning their own palm oil plant, flour plant, packaging plant and seasoning plant.
Those who partake in the private placement will own shares in two companies (Tolaram Group and Salim Group) that make up Dufil Prima Foods Limited. Subsequently 33.5% of their share holding will be extracted and offered to the public in the form of an IPO. It is note worthy to mention that participating in the PP guarantees that we get full allotment and also positions Afribank to own significant share holding post IPO.
The certificates will be issued 15 days after the Private Placement closes. Listing will occur upon close of IPO (Latest by 1st week of December). In addition to the aforementioned information, those participate in the IPO will get their certificates early next year. Hence, they will not be able to sell their holdings until their certificates have been confirmed. Hence, Capital appreciation will occur due to the scarcity that will result from the inability of the IPO participants to sell their shares.


cheers

[emmanuel ewumi]

Originally Posted by BLUEMONEY

That Rule is limited to companies new listed by introduction on the NSE. if a company has not been listed, then they can do an IPO.

The IPO,must pass through the scrutiny of the NSE.l think the rule will apply to De United,if they are actually coming for an offer.You can not have a PP in June and then come to have an IPO in october,l dont think NSE will approve the offer.
Guys l expect your comments on this.

[wanaj0]

bsr, what do you mean by monopoly? I know that May and Baker, Dangote and Honeywell are involved in the production of noddles. I wiat for Flour Mills to join also. Right now, Dangote and Honeywell has competitive advantage since they are also into flour production.