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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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  #1 (permalink)  
Old 12th May 2008, 10:28 AM
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Default Swap Technologies Pp

I was informed over the weekend that the pp offer of this coy is ongoing.
N3.50-issuing house is Springcapital. No details of the pp memo yet.
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  #2 (permalink)  
Old 12th May 2008, 01:17 PM
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Default

Quote:
Originally Posted by eazikoncepts View Post
I was informed over the weekend that the pp offer of this coy is ongoing.
N3.50-issuing house is Springcapital. No details of the pp memo yet.
Nice one.

Have a look at their corporate vision

SWAP "Welcome to the official website"

Lets see what their prospectus will look like.
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Old 13th May 2008, 09:46 AM
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Default Swap - Expression of Interest

I got this from Spring Capital.
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File Type: pdf Expression of Interest Letter - SWAP TECH.pdf (154.0 KB, 208 views)
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Old 13th May 2008, 10:46 AM
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Default swap tech

Caution to the whole house. Application is done on original numbered forms just like omatek and multiverse. Scanned copies are not useful. A strong buy !
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Old 13th May 2008, 12:09 PM
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whats the min 4 de pp
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Old 13th May 2008, 12:18 PM
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Arrow Appears Closed

This offer appears to have a close date of Friday April 19, 2008

Any confirmation please??
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Old 13th May 2008, 12:30 PM
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Default Swap Technologies

What I pasted was the expression of interest form which Spring Capital sent to me.

The PP started yesterday. U can only apply with the forms endorsed by Spring Capital. As I write, they have almost run out of forms!
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Old 13th May 2008, 12:37 PM
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Quote:
Originally Posted by fredski View Post
This offer appears to have a close date of Friday April 19, 2008

Any confirmation please??

the letter for expression of interest was dated 23 April 2008 and they said submission of the EOI form should be done by Friday April 19 208.. April 19 is not a Friday (first mistake)... the date can't be before the date on the EOI (second mistake)...

Last edited by en_y : 13th May 2008 at 12:42 PM.
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Old 13th May 2008, 12:47 PM
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Default What's the Minimum?

Quote:
Originally Posted by suzyQ View Post
What I pasted was the expression of interest form which Spring Capital sent to me.

The PP started yesterday. U can only apply with the forms endorsed by Spring Capital. As I write, they have almost run out of forms!

I must sincerely commend the efforts of the guys in the house. Please, what's the minimum for this pp?

I expect ur quick response.
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Old 13th May 2008, 01:04 PM
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Default swap pp

Minimum of 100,000 units @ N3.50 per share. At a forward Pe of 10. It is good. Have not yet sighted the prospectus
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Old 13th May 2008, 02:42 PM
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I am not really clear about what this guys do. Business trading and investment activities?
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Old 13th May 2008, 07:18 PM
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Quote:
Originally Posted by richestowealth View Post
I am not really clear about what this guys do. Business trading and investment activities?
then read this -- SWAP "Welcome to the official website"

Last edited by BLUEMONEY : 13th May 2008 at 07:25 PM.
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Old 19th May 2008, 10:22 PM
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@All
I was offered Swap Technologies PP at N4.40 today. Kindly give your opinions if it is a good offer. I have not been able to get a firm commitment on full subcription yet. Also do you know about the level subcription received by Spring Capital so far. Cos it wont be worth it if it is heavily oversubscribed.
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Old 19th May 2008, 10:47 PM
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Quote:
Originally Posted by en_y View Post
@All
I was offered Swap Technologies PP at N4.40 today. Kindly give your opinions if it is a good offer. I have not been able to get a firm commitment on full subcription yet. Also do you know about the level subcription received by Spring Capital so far. Cos it wont be worth it if it is heavily oversubscribed.

We will need to see the prospectus before we can comment
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Old 20th May 2008, 02:01 PM
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Got this from the sister site....as Apache would say
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File Type: pdf SWAP Tech.pdf (2.57 MB, 126 views)
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Old 20th May 2008, 08:20 PM
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Default swap pp

Oga hispy thanks for the pp doc. The original form I saw was numbered. I dont think the form here can be used
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Old 20th May 2008, 08:21 PM
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Got this from the sister site....as Apache would say
thank you very much
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Old 26th August 2008, 04:23 AM
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Default Re: Swap Technologies Pp

Swap Tech restates commitment to investors
By Stanley Opara
Published: Tuesday, 26 Aug 2008
Swap Technologies & Telecomms Plc, on Friday, said it was committed to maximising returns on investment for its investors.

The company, which recently concluded its private placement, said the maiden stakeholders’ forum was organised to inform the stakeholders of its current achievements as well as its future plans.

According to the Managing Director/Chief Executive Officer, Swap Technologies & Telecomms, Mr. Tunde Titilayo, “There are 570 investors of Swap Plc today, and the company is planning listing on the Nigerian Stock Exchange soon.”

He said that the organisation had grown from a small company distributing recharge cards to a top public limited company, which distributes telecoms products all over the country and builds cell sites for clients like Multilinks, Visafone, ZoomMobile and Huawei among others.

He added that Swap would continue to give maximum returns to the shareholders and tread the path of exemplary corporate governance.

The Chairman of the company, Mr. Godwin Adokpaye, said Swap was keen on understanding the expectations of its stakeholders and infuse them into its future plans.

He lauded the activities of mobile phon