ARM Properties Plc PP

[bsr]

guys,

just did ARM this morning 50,000,000 units. Will post the appraisal later. I sincerely believe they will be doing another PP b4 they list by yrs end. Also they have a descent track record in the real estate markets. did at 9k premium for > 50,000,000 . 13k premium for <50,000,000. Guaranteed allotment.

As per spring, we are still contemplating buying at 1.90 for 250,000,000 units.

Cheers

[amoslord]

pls wat do u mean by premium stuff @ 13k.can u pls pour more light.
i firmly believe in anytin that has an A with a R and M in it.they'r jst too much.

[Apache]

Originally Posted by amoslord

pls wat do u mean by premium stuff @ 13k.can u pls pour more light.
i firmly believe in anytin that has an A with a R and M in it.they'r jst too much.

I have a FARM you might be interested in. it's located somewhere in the Niger delta. still intesrested

[japo]

BSR, pls tell me you want to sale ARM on premium, pls just tell me this not another joke, from your stable..............what do you mean by premium do we still have mugus doing that???????????????????? when the secondary market is there and you have dangote sugar at its price

[bsr]

Originally Posted by japo

BSR, pls tell me you want to sale ARM on premium, pls just tell me this not another joke, from your stable..............what do you mean by premium do we still have mugus doing that???????????????????? when the secondary market is there and you have dangote sugar at its price

let me reiterate what i have said several times. I don't nned to sell anything to anybody! That's not what am paid to do. Mine is to simply write an appraisal on a private placement, PO/IPO. I have just told u the decision my Oga's took this morning. So i dont think it's fair for u to start pointing fingers and throwing labels at me. If we bought at a premium, should it in any way affect your investment decision? Pls advise me on how best to buy 50,000,000 units of ARM? As per the secondary market, it's not my speciality and off course it's not the speciality of the so called experts out there. What happened to all those predictions the Bank PHB's, IBTC's of this world were predicting? What happened to UBA hitting 85 naira by august?
So once again, i am not here to tell u what to buy and what not to buy. That's for u decide!

[bisodun]

Originally Posted by bsr

guys,

just did ARM this morning 50,000,000 units. Will post the appraisal later. I sincerely believe they will be doing another PP b4 they list by yrs end. Also they have a descent track record in the real estate markets. did at 9k premium for > 50,000,000 . 13k premium for <50,000,000. Guaranteed allotment.

As per spring, we are still contemplating buying at 1.90 for 250,000,000 units.

Cheers

This BSR sef na wha for you. If am not mistaken that was how you posted wrong information on the De-United thread.

How can ARM hold one PP in July-August, hold another before the end of 2008 and then list before 2008 ends? Why not raise everything at once to better prepare for listing before the year ends.

And why buy at a premium for a commodity that is not scarce? And if you were truly to buy at a premium who will foolishly sell 50m units to you at a premium of 9k, when he can insist you break it down and sell at a bigger premium if the commodity is really that scarce. And premium is usually set per unit/share.

I think someone is fooling someone here o!

[bsr]

Originally Posted by bisodun

This BSR sef na wha for you. If am not mistaken that was how you posted wrong information on the De-United thread.

How can ARM hold one PP in July-August, hold another before the end of 2008 and then list before 2008 ends? Why not raise everything at once to better prepare for listing before the year ends.

And why buy at a premium for a commodity that is not scarce? And if you were truly to buy at a premium who will foolishly sell 50m units to you at a premium of 9k, when he can insist you break it down and sell at a bigger premium if the commodity is really that scarce. And premium is usually set per unit/share.

I think someone is fooling someone here o!

pls what was the wrong info i posted regarding dee united? regarding ARM, how many time have companies said they will list at so so and so date, and yet they back tracked. Look at what's happening with spring? Duh, 50,000,000 units with the premium guarantee's us full allotment with no return money. Pls apply for the minimum 20,000 units and lets see who gets return money. Pls i am still waiting for the mis information on Dee United! Like i said my role is not to decide on how much and when they are gonna sell. We buy it and simply hand it over to AIL securities. They decide on what they are gonna do!

[wanaj0]

Info reaching me is that ARM will absorb ALL so nothing to fear as per oversubscription.

Buying at a premium is illegal and unethical and by the way no guaranteed allottment!!!!

[Michael]

Originally Posted by wanaj0

Info reaching me is that ARM will absorb ALL so nothing to fear as per oversubscription.

Buying at a premium is illegal and unethical and by the way no guaranteed allottment!!!!

How can you say there is Nothing like Guaranteed allotment when you've also said that ARM is going to absorb ALL? That seems like Guaranteed allotment to me. In fact one can start a business selling Guaranteed allotment for ARM at premium.

[BLUEMONEY]

Originally Posted by Michael

How can you say there is Nothing like Guaranteed allotment when you've also said that ARM is going to absorb ALL? That seems like Guaranteed allotment to me. In fact one can start a business selling Guaranteed allotment for ARM at premium.

Well someone may have already started it.

[Avocado]

Fascinating, this ARM PP business.

Fascinating.
.

[pegheneji]

Originally Posted by Apache

Please, analysis on this offer is highly welcome though for personal reasons, I have decided not to participate in this one.
Moreover, if this is really a good deal, then I should be able to pick it up on the floor at a lower price going by recent happenings.

i hope u are not thinking mkt will remain like this. the mkt price may be too high by the time it gets to the floor. i advice that if you feel satisfied with the offer and its price u better pick up some.

[waaan5]

Originally Posted by pegheneji

i hope u are not thinking mkt will remain like this. the mkt price may be too high by the time it gets to the floor. i advice that if you feel satisfied with the offer and its price u better pick up some.

Thank God for the bear mrkt. PPs are again being priced competitively with ARMs Prop having a forward PE of 4.

[Apache]

Originally Posted by pegheneji

i hope u are not thinking mkt will remain like this. the mkt price may be too high by the time it gets to the floor. i advice that if you feel satisfied with the offer and its price u better pick up some.

Unfortunately, I have exhausted my budgeted monies for PPs. moreover with the volumes that have to be sold on the first day of trading, getting this shouldn't be difficult. Abeg, make una enjoy. i will meet you guys at the next bus stop

[zainabusman]

Originally Posted by Apache

Unfortunately, I have exhausted my budgeted monies for PPs. moreover with the volumes that have to be sold on the first day of trading, getting this shouldn't be difficult. Abeg, make una enjoy. i will meet you guys at the next bus stop

Assuming you have the funds, is this something you would want to invest in?

[tobenna]

Not sure why Avocado and Apache are not being specific about the issues with ARM.

Let me help clarify.
ARM Properties owns Beechwood Estate somewhere along the Lekki/Ajah axis that was promised to buyers to be completed in December 2006.
The estate is not complete.
No communication whatsoever on what the issues are or where the delays are coming from.
Except a rather impolite letter to purchasers threatening revocation of the properties where 50% or less had been deposited as down payment and imposing interest rates.
The offer prospectus does not go into any details on this property. Infact, it seems as if they are trying to release as little information on this as possible.
This is not just any estate project like Apache seems to imply. It is a multi million dollar project with 920 plots and hundreds of dissatisfied customers that was advertised as completely sold out in 2007. Now the prospectus says 80% sold out.
For a property company with about 10 properties developed so far to have their biggest or 2nd biggest project after Fara Park having issues is a serious indication of what they can do with investor funds.

Unfortunately, I have a soft spot for ARM as an investing arm.
That's why this case is not in court yet.

As an aside, why advertise Adiva Plainfields and the website www.myadiva.com in the prospectus when the domain has not even been registered? Thats kinda like putting a fake office address up isn't it?
Someone smart, anybody, go register the domain and wait for them to come and buy the name from you.