Imperial Telecoms Placement

[solainvest]

Proshare News

Imperial Telecoms projects 53.3K div by 2011 FYE
Posted Sunday, August 31, 2008


-Seek N2.0 billion via Placement



PETER OBIORA

Proshare NI

August 29, 2008 at 18:51 GMT



Imperial Telecommunications Limited has projected a 53.3 Kobo dividend payout in its 2011 Financial Year End (FYE) as the company seeks to raise a fresh fund of N2.0 billion via Private Placement (PP).



This was contained in confidential Placement Memorandum dated August 11, 2008 made available to Proshare NI today in Lagos Nigeria at the Nigerian Stock Exchange (NSE).



Imperial Telecoms has projected a 21.6 Kobo and 38.9 Kobo dividend payout to its investors in years 2009 and 2010 FYE’s respectively; while there would be no dividend payout in year 2008.



Proshare NI notes that the above stated dividend payout in page 22 of the Memorandum is different from the forecast offer statistics Extracted from the Reporting Accountants Report on page six; which shows a forecast Dividend per Share (DPS) of 13, 23, and 32 Kobo dividends for years 2009, 2010 and 2011 respectively.



The above Imperial Telecom affirms are based on post offer of 3.0 billion Ordinary Shares in issue in years 2008,2009 and 4.5 billion Ordinary Shares in 2010 and 2011 respectively.



Turnover of the company is expected to grow from N339.368 million in year 2008 to N9.745 billion in year 2011 indicating a growth of 2772 percent in the forecast period.



Profit before Tax (PBT) is also expected to increase from N1.072 billion in year 2008 to N6.357 billion in year 2011 representing an increase of 493 percent.



Also Profit after Tax (PAT) would rise from a negative N1.083 billion in 2008 to N5.371 billion in year 2011 showing a rise of 396 percent in the period under forecast.



Imperial Telecoms seeks to raise N2.0 billion by offering to select investors 1.0 billion Ordinary Shares of N1.00 each at N2.00 per share.



The company is offering a minimum of 100,000 units and multiples of 50,000 units thereafter.



However, Proshare NI has observed that there is no opening or closing date stated in the Placement Memorandum.



Arrangers of the Placement are Strand Capital Partners and Wema Asset Management Limited. While Financial Advisers are BGL Limited and Vetiva Capital Management Limited.

[muranay@yahoo.com]

Originally Posted by solainvest

Proshare News

Imperial Telecoms projects 53.3K div by 2011 FYE
Posted Sunday, August 31, 2008


-Seek N2.0 billion via Placement



PETER OBIORA

Proshare NI

August 29, 2008 at 18:51 GMT



Imperial Telecommunications Limited has projected a 53.3 Kobo dividend payout in its 2011 Financial Year End (FYE) as the company seeks to raise a fresh fund of N2.0 billion via Private Placement (PP).



This was contained in confidential Placement Memorandum dated August 11, 2008 made available to Proshare NI today in Lagos Nigeria at the Nigerian Stock Exchange (NSE).



Imperial Telecoms has projected a 21.6 Kobo and 38.9 Kobo dividend payout to its investors in years 2009 and 2010 FYE’s respectively; while there would be no dividend payout in year 2008.



Proshare NI notes that the above stated dividend payout in page 22 of the Memorandum is different from the forecast offer statistics Extracted from the Reporting Accountants Report on page six; which shows a forecast Dividend per Share (DPS) of 13, 23, and 32 Kobo dividends for years 2009, 2010 and 2011 respectively.



The above Imperial Telecom affirms are based on post offer of 3.0 billion Ordinary Shares in issue in years 2008,2009 and 4.5 billion Ordinary Shares in 2010 and 2011 respectively.



Turnover of the company is expected to grow from N339.368 million in year 2008 to N9.745 billion in year 2011 indicating a growth of 2772 percent in the forecast period.



Profit before Tax (PBT) is also expected to increase from N1.072 billion in year 2008 to N6.357 billion in year 2011 representing an increase of 493 percent.



Also Profit after Tax (PAT) would rise from a negative N1.083 billion in 2008 to N5.371 billion in year 2011 showing a rise of 396 percent in the period under forecast.



Imperial Telecoms seeks to raise N2.0 billion by offering to select investors 1.0 billion Ordinary Shares of N1.00 each at N2.00 per share.



The company is offering a minimum of 100,000 units and multiples of 50,000 units thereafter.



However, Proshare NI has observed that there is no opening or closing date stated in the Placement Memorandum.



Arrangers of the Placement are Strand Capital Partners and Wema Asset Management Limited. While Financial Advisers are BGL Limited and Vetiva Capital Management Limited.

Please upload the full Placement Memorandum for the offer.

[ona]

Hi Guys,

This Is A Very Good Offer To Miss, Pls Link Me With The Company Because The Prospect Of Thgis Offer Is Very High, Considering The Sector They Are Operating

[ona]

Hi Guys,

The Issue In Telecomms Is The License Which Is Very Scarce To Obtain And Where Available Is In Billions Of Naira, Pls Help Urgently With The Address

Thanks

[BLUEMONEY]

Originally Posted by ona

Hi Guys,

The Issue In Telecomms Is The License Which Is Very Scarce To Obtain And Where Available Is In Billions Of Naira, Pls Help Urgently With The Address

Thanks

Ona, Welcome to SMN.

I am not too sure if you can still get this PP to buy because it was in mid-September I bought mine from WEMA ASSET MANAGEMENT LTD. But there is no harm in trying to find out if it is still Open so this is thier Address ;

1st Floor, Leventis Building,
42/43 Marina, P.M.B 12862,
Lagos, Nigeria.
Tel: (234)1-264 0411, (234)1-773 3355.

Website : Wema Asset Management Limited

[ona]

Very good offer indeed and the potential is great.
Thank you