IHS Nigeria Limited

[creflo]

Originally Posted by andico26

Thanks hisppy for the docs. I really appreciate it like the rest. A note of caution, skye bank said that the application should be done on original stamped and numbered forms. @ babs o, It is my opinion that the ihs pp is selling at a discount of about N1.50. Follow me:

PAT FOR YEAR END APR 2008- 745M

NO OF SHARES PRE OFFER -2.86BN

TRAILING EPS AT YEAR END- 745M/2.86BN- 26KOBO

TO BE LISTED IN TELECOMMS SECTOR, SINCE THERE IS NO OTHER COY TO COMPARE THE PE RATIO WITH, WE USE AN APRROX PE OF ABOUT 25, WHY AVG PE RATIO OF ENG SECTOR

MULTIPLY 0.26 BY 25- N6.50

PP PRICE- N5.00


WILL POST ON CASHFLOW ANALYSIS LATER ON

I think generally the company is a good one and fairly strong fundamentals. However, just a little caution on these P/E analysis. I am just becoming uncomfortable with companies that (intend) to pay only a small fraction of their EPS as dividend cos lets keep in mind that sometimes it is actually the dividend that push the price or cause dumbing of a particular share. If am buying @ N5 now and they are going to declare only 11k of the 53K projected EPS am a little nervous just a little. I was expecting like 30K u know and they can retain the rest. anyway all na projection they may actually declare higher when the time comes. am just saying.

[Apache]

Originally Posted by creflo

I think generally the company is a good one and fairly strong fundamentals. However, just a little caution on these P/E analysis. I am just becoming uncomfortable with companies that (intend) to pay only a small fraction of their EPS as dividend cos lets keep in mind that sometimes it is actually the dividend that push the price or cause dumbing of a particular share. If am buying @ N5 now and they are going to declare only 11k of the 53K projected EPS am a little nervous just a little. I was expecting like 30K u know and they can retain the rest. anyway all na projection they may actually declare higher when the time comes. am just saying.

Actually, the bolded statement should be the other way round for a long term investor cos it shows that money is being ploughed back into the business for future growth.
@andico, I am eagerly awaiting your analysis

[panasharp]

Originally Posted by andico26

Thanks hisppy for the docs. I really appreciate it like the rest. A note of caution, skye bank said that the application should be done on original stamped and numbered forms. @ babs o, It is my opinion that the ihs pp is selling at a discount of about N1.50. Follow me:

PAT FOR YEAR END APR 2008- 745M

NO OF SHARES PRE OFFER -2.86BN

TRAILING EPS AT YEAR END- 745M/2.86BN- 26KOBO

TO BE LISTED IN TELECOMMS SECTOR, SINCE THERE IS NO OTHER COY TO COMPARE THE PE RATIO WITH, WE USE AN APRROX PE OF ABOUT 25, WHY AVG PE RATIO OF ENG SECTOR

MULTIPLY 0.26 BY 25- N6.50

PP PRICE- N5.00


WILL POST ON CASHFLOW ANALYSIS LATER ON

At the bolded: there are quite a few comparisons e.g Reltel PP, Starcomms PP, and of course the completed MTN Nigeria PP. Those as indicated in their respective memo will be listed at some point and therefore should be good comparison.

[solainvest]

Proshare News

[sequoia]

a discount of N1.50 at an expected PE of 25, the question i ask is at what price would listing be and at what PE; to be attractive to pple like me, at least one should be able to have 60-80% profit on listing and what would the PE be then?

at 60% profit, listing at N 8.00 Trailing PE - 31x
at 80% profit, listing at N 9.00 Trailing PE - 35x
at 100% profit, that na different matter!

at least IAA was listed at 160% profit when compared to PP price.

this is my own 200 cents

[andico26]

most companies are conservative in their earnings estimate, some are highly optimistic. It is my opinion that ihs would meet the earnings forecast they projected with their etisalat contract at least( they are the sole contractor to build nothing less than 1,500 base stations- grapevine info). Hence i dont agree with the 31x pe ratio u gave them. U have to factor in the EPS and PE ratio of the quarter they are listing, assuming it is Jan 2009

[lolobo]

Telecoms Infrastructure Services Company IHS Nigeria Limited is giving a 100 percent allotment to investors taking part in its ongoing Private Placement (PP). Anupam Saraogi, Chief Financial Officer (CFO) of the company confirmed this to Proshare NI in Lagos Nigeria.



“As soon as we get to the N7.7 billion mark up, we close the placement; investors who take advantage of the Placement before the closing date would definitely get a 100 percent allotment” Saraogi confirmed.



IHS Nigeria is also expected to distribute share certificates within four weeks of the close of the Placement through its Registrars, Intercontinental Registrars Limited.



The company is offering to select investors 1,540,000,000 Ordinary Shares of 50 kobo each at N5 per share. And the minimum subscription is 500,000 units at N5.00 each and in multiples of 100,000 units thereafter.



Saraogi confirmed to Proshare NI that the purpose of the offer was to fund the expansion programme of the company and also provide it with additional working capital. “With this I can tell you we will consolidate as an industry leader” he said.



“We have done more than 1,200 sites in Nigeria; our market size is in the region of about 15 to 18 percent presently. However, there are six to seven players in our industry. With access to enough funds, we would definitely move it into a better positive collection by way of equity” Saraogi said.



The Placement which has since opened is expected to close on June 02, 2008. Skye Financial Services Limited is the Issuing House.

[lolobo]

I read the Interview Proshare NI had with the CFO, who said hopefully listing will be in October 2008.

Guys, what are you waiting for, this is a goldmine to tap into.

[BLUEMONEY]

Originally Posted by lolobo

I read the Interview Proshare NI had with the CFO, who said hopefully listing will be in October 2008.

Guys, what are you waiting for, this is a goldmine to tap into.

all this MDs/CFO are fond of saying many things they cannot accomplish.

[Babsman]

Originally Posted by BLUEMONEY

all this MDs/CFO are fond of saying many things they cannot accomplish.

Yes, that's it Blue money. I recollect that Dr Akinniyi of Union Diagnostic promised an unprecedented landmark listing of their shares by Nov'07. Up till now, 6 month after, we are nowhere near there. Those utterances are all marketing gimmicks common in our capital market to promote their offers.
Methink our fund is too hard-earned to be risked on mere ego-boosting and empty promises of our unfaithful MDs/CFOs. Any PP without solid fundamentals shd be let go, after all secondary market is currently a buyers' market for blue chips with good financials.

[lolobo]

Originally Posted by Babsman

Yes, that's it Blue money. I recollect that Dr Akinniyi of Union Diagnostic promised an unprecedented landmark listing of their shares by Nov'07. Up till now, 6 month after, we are nowhere near there. Those utterances are all marketing gimmicks common in our capital market to promote their offers.
Methink our fund is too hard-earned to be risked on mere ego-boosting and empty promises of our unfaithful MDs/CFOs. Any PP without solid fundamentals shd be let go, after all secondary market is currently a buyers' market for blue chips with good financials.

I agree with you. But you see, we should know our rights as investors and be able to monitor our investments. This is where the need for you to be more informed arises. I have been following the news & information sent out by Proshare on an hourly basis and I can tell you it is quite informative. If they can continue with their Investment forums like the one they held in March where key investors and players come together to discuss current issues in the market place, it would be good, because it is our hard earned money as you have said correctly.

[solainvest]

IHS To Become PLC

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Nigeria's leading telecommunications infrastructure company, IHS Nigeria has received the nod of the Corporate Affairs Commission (CAC) to be known and styled IHS Nigeria, PLC. A certificate to that effect has already been issued to the company by the CAC.

The certificate was issued as a result of IHS enlarged share structure, which now prepares it for listing on the Nigerian Stock Exchange (NSE). Both officials of I H S and NSE have held crucial talks that have moved the telecommunications infrastructure provider for the listing.

Chief Commercial Officer (CCO) of IHS, Mr. Gbenga Onakomaiya confirmed that the meeting was mandatory for the listing process. "We are tidying up the process to be among the first Telecom Infrastructure company to be listed on the floor of the stock exchange", he said in a statement.

The company, which was set up in 2001 has been carrying out the business of infrastructure deployment for various telecommunications firms and has been a staunch advocate of collocation in order to drive down prices of telecom services for the utmost benefit of the general public.

According to the Managing Director of IHS, Mr. William Saad, said that with the company's concept of building, operating and leasing of sites to operator, it is playing a major role in reliving them from the headaches of sites acquisition, providing equipment and infrastructures.

"In a nutshell, the CAPEX and OPEX of operators are significantly reduced thus allowing the operators concentrate on other tasks", he said.

Recently, the Nigerian Communication Commission's (NCC) has adopted collocation as part of its strategy for telecommunication infrastructure deployment, and it is currently finalising the process of award of collocation licenses.

[bivins1]

I beg anybody don hear news about IHS? E be like say dem and chams no just dey shake bodi at all because of the way wen market be but it would have been good if we can get updates and get our certificates so that we go dey chop small dividends dey clean mouth .then wen government magomago comot dem fit list

[threecrown]

SEC Approves IHS Shares for NSE Listing
( 24.09.08 )

IHS Nigeria Plc last week received the nod of Securities and Exchange Commission (SEC) to register its shares on the floors of the Nigerian Stock Exchange (NSE). This came a week after IHS received its collocation licence from the Nigerian Communications Commission (NCC) to provide telecoms infrastructure sharing and collocation services. Also, IHS has been awarded the Telecoms Infrastructure Company of the Year by Nigerian Telecoms Awards.

SEC noted in the approval letter given in Abuja on September 18th, that approval is being given to the company to register the entire 4.4 billion ordinary shares of 50k each, in accordance with the Investment and Security Act of 2007 and the commission's rule and regulations and having thoroughly scrutinised the books and documents presented for approval.

With the approval, the company is now set to be listed on the floors of the Stock Exchange and this is coming on the heels of IHS Nigeria PLC collection of Collocation License to provide Telecom Infrastructure Sharing and Collocation Services throughout the country from the telecom regulator; the Nigerian Communications Commission, which was also given last week to the company in Abuja.

The Collocation License was awarded to the company after finding IHS to have the technical, financial and logistical requirements to provide the services. The company in a statement by Managing Director, Mr. William Saad, said by the approval from SEC, which is a precondition for listing on the floors of the Nigerian Stock Exchange, IHS is now set to provide state-of-the-art telecom infrastructure for the industry and determined to bring telecommunication to the underserved areas of the country. He also said that the shareholders of the company are now set to have quick and good returns on their investment as the shares of the company will soon be available on the floors of the stock market.

IHS Nigeria Plc is a pioneer in the various aspects of telecom infrastructure services ranging from the building of telecom infrastructure to the management (O&M) and collocation aspects. IHS was setup in 2001 as the Nigerian Communications Commission opened the telecommunications market and licensed MTEL, MTN and Econet (currently Zain) to provide GSM services before eventually licensing two more (Globacom and Etisalat) and several CDMA and other PTOs.

IHS has built telecom infrastructure in more than 30 states and has offices in Lagos, Abuja, Benin, Kogi, Akwa Ibom, and Port Harcourt. IHS is also licensed by NCC to carry out supply, installation, and maintenance of telecommunications network under the Nigerian Communications Act of 2003.

IHS has made considerable investments in human resources with a specialist and well-trained staff strength of several hundreds ensuring high quality deployment targets are met. Since its establishment, IHS has developed a niche in its area of service delivery, thereby earning the confidence of its growing clients. It has strategic branch offices and warehouses in Nigeria for the purpose of effective and efficient service delivery to its growing number of clients.

[bivins1]

IHS certificates are ready for disbursement. contact your broker now and dematerialise quickly. I will keep you posted. listing to follow very soon

[wanaj0]

Originally Posted by bivins1

IHS certificates are ready for disbursement. contact your broker now and dematerialise quickly. I will keep you posted. listing to follow very soon

Why the hurry to list? Use the PP money to improve bottomline before thinking of listing and doing a PO. Don't know who are doing strategic planning for all these companies.

I know that a lot of people may be planning to exit though!