Multi-Trex PP

[BLUEMONEY]

Originally Posted by Babsman

Pls find attached the promised letter from Multi-Trex.
A colleague, as confirmed this morning, has detailed one of his brothers to attend today on our behalf. The feedback will be duly circulated in due course. Cheersssss

The House is very Grateful. THANKS.

[BLUEMONEY]

Originally Posted by hispy99

Wait till you see a forward PE of 100 for 2008 and 60 for 2009

WHY Are you trying to scare us.

[Babs_O]

Originally Posted by hispy99

Wait till you see a forward PE of 100 for 2008 and 60 for 2009

If it turns out so I go worry especially if the price to book is too high. That is I smell a situation like I will carry far more risk than those currently in.

However if the price to book is still between 1 and 2 I will still be inclined to buy as markets and profits in a manufacuring business may need more time to build up.

[polosco]

Originally Posted by hispy99

Wait till you see a forward PE of 100 for 2008 and 60 for 2009

@hispy99
Pls wat do you mean by this? kindly explain to us, thanks........

[betty]

is their prospectus available, kindly post it.

[hispy99]

Originally Posted by polosco

@hispy99
Pls wat do you mean by this? kindly explain to us, thanks........

No mind me my broda....I'm just speculating given that we have seen a lot of Overpriced PP (OPP ) these days.

[blanka]

Has anyone laid hands on the PP document of this company?

[Babsman]

Originally Posted by blanka

Has anyone laid hands on the PP document of this company?

The prospectus is not yet out. However arrangements are in top gear to commence the PP soon.

[Montez]

Hi,
Pls does anyone have any info on the company?
Like their financials and all of that?
I'd like to take a look
Thanks

[Montez]

Hi people,
Pls is the prospectus out yet?
Anyone who has access to it should kindly post it here
I'm patiently waiting
Thanks guys!

[XXCASH]

The N20 dividend must be a typo error.


Multi-Trex Investments projects N20 dividend in 2011 FYE
Posted Tuesday, June 10, 2008

- As Placement begins

PETER OBIORA

Proshare NI

June 09, 2008 at 19:19 GMT

Multi-Trex Investment Limited has projected to offer its investors a N20.00 dividend payout in the 2011 Financial Year End (FYE). This was contained in a document made available to Proshare NI by Skye Financial Services Limited today in Lagos Nigeria.

In the Five-year financial summary ended April 30, 2008, the company is expected to pay a 0.03 Kobo dividend compared to the projected N20.00 in year 2011 indicating an increase 66,567 percent in the projected period.

Multi-Trex has also projected a dividend payout of N10.00 and N15.00 to its investors in the year 2009 and 2010 FYE’s respectively

Projected Turnover is expected to grow from N4.978 billion in year 2009 to N11.147 billion in year 2011 showing a growth of 124 percent increase in the projected period.

In the same vein, Profit after Tax (PAT) is expected to rise from N678.792 million in year 2009 to N2.119 billion in year 2011 representing a rise of 212.26 percent.

Meanwhile from the five-year summary ended April 30, 2008, Turnover of the company rose slightly from N835.822 million in year 2003 to N1.154 billion in year 2008 indicating a rise of 38.15 percent in the review period.

PAT also grew significantly from N15.582 million in year 2003 to N557.649 million in year 2008 showing a growth of 3,479 percent in the period under review.

As earlier reported by Proshare NI, Multi-Trex Investments is seeking to raise N6.0 billion by way of placement to investors by offering 2.0 billion Ordinary Shares of 50 Kobo each at N3.00 per share.

The company is offering a minimum of 500,000 Ordinary Shares and thereafter multiples of 50,000 for sale.

Lead Issuing House to the Placement is Skye Financial Services Limited, while Joint Issuing Houses are Goldman Assets Management Limited and Capital Assets Limited. And the offer is expected to close July 07, 2008.

[phillipmod]

The main issuing house is skye bank and the joint issuers are Goldman assets and one other house which i cannot remember now.

[Babsman]

Guys,

Pls find attached the PP memo on Multi-trex as promised earlier. Pls be guided as the info is for your critical analysis and informed decision-making. At this extreme bearish market situation, one needs to be too sure of any PP b4 risking any fund at disposal for it. Secondary market is too tempting abeg!!!
Cheers.

[BLUEMONEY]

Originally Posted by Babsman

Guys,

Pls find attached the PP memo on Multi-trex as promised earlier. Pls be guided as the info is for your critical analysis and informed decision-making. At this extreme bearish market situation, one needs to be too sure of any PP b4 risking any fund at disposal for it. Secondary market is too tempting abeg!!!
Cheers.

Thank you very much.
like you rightly said, the secondary market is very TEMPTING now and revealing how overpriced some of these PP are.
i have not fully analyse this one but if what i read on proshare is anything to go buy, then this one may be in the overpriced league.

[wanaj0]

Originally Posted by BLUEMONEY

Thank you very much.
like you rightly said, the secondary market is very TEMPTING now and revealing how overpriced some of these PP are.
i have not fully analyse this one but if what i read on proshare is anything to go buy, then this one may be in the overpriced league.

A forward PE of 22.0 for 2009 is a no go for me. There are better deals on the floor!!!! Not worth the risk.

[Babs_O]

Could have pardoned the low PE for 2009 of 22.1 if not for the high price to book for 2008 that stands at about 5.6 (In future when they list those currently holding the stock will still have a lot to gain even if they sell far below N3)

As already mentioned by others on this thread there are currently better, less risky and more liquid offers in the secondary market.

[Montez]

Thanks Babsman for the file.
You're the best.
We'll disect it now.