buying private placements

[koresh]

hi,
thouhg i've heard that private placements are for high networth individuals, i still think there's a way that some of us who's networth doesn't run into billions should be able to buy as profit is almost certain.

for example i heard that the international energy insurance private placement just closed and it was minimum of 70,000 which is fair.

could anyone please enlighten me, because i would like to be able to buy.

[Taipan]

Please has anyone heard anything about a Zenon private placement? A friend was asking me about it and I'll like to confirm. If it's really true, I feel it will be a great opportunity to invest.

[olusolakemmy]

Originally Posted by Taipan

Please has anyone heard anything about a Zenon private placement? A friend was asking me about it and I'll like to confirm. If it's really true, I feel it will be a great opportunity to invest.

TAIPAN, I LOVE THE WARREN BUFFET QUOTE ON UR PAGE (concentration build wealth while diversification preserve it)

I hope we will get more on the zenon information and before it closed or too late, cause one thing is certain such companies is likely to be oversubscribe.
but am a look out

[Dennis Osarumwense]

hello. I'm new
Waht is goin on???

[juliusdudu]

whatz going on pls?

[chidiohaz]

Dennis and Julius should read the threads and contribute knowledgable, challenging and factual notes. When you don't know what is going on around, stop and watch!!!

[juliusdudu]

Ok. i just got the message. i looked at chams prospectus and it seems good with good timetable for listing. i think this private placement is nice or what?

[chidiohaz]

I read somewhere that private placements is like buying into mutual funds. I further learnt that it has its own pros and cons! Please I need to be enlightened in these areas!!!

[yusuff]

Juliusdudu ,can you pls give more information about chams privaste placement.the prospectus,issuing house ,price ,opening and closing date and if possible the site

[Avocado]

Discuss Chams PP here: http://www.stockmarketnigeria.com/fo...placement.html
.

[newton]

Well Chidiohaz,
Surely everything inlife has its pros n cons. I bought d universal insurance pp @ 95k each n was called only yesterday that my entire money has been returned wt no allotment basis n no further clarification. But the same way i bought IEI pp @ 70k n i'v gotten my certificate ever since, even at its current price i'm close to a 200% margin. I wd say PP are more esoteric investment mthds n thye require extreme care, ofcourse thats why the rtns could be staggering

[crtide]

Originally Posted by newton

Well Chidiohaz,
Surely everything inlife has its pros n cons. I bought d universal insurance pp @ 95k each n was called only yesterday that my entire money has been returned wt no allotment basis n no further clarification. But the same way i bought IEI pp @ 70k n i'v gotten my certificate ever since, even at its current price i'm close to a 200% margin. I wd say PP are more esoteric investment mthds n thye require extreme care, ofcourse thats why the rtns could be staggering

I don't know what happened in your case but I still know of people getting in on the Universal PP as at last week, though @ a premium so something definitely smells fishy there believe me

[nnana]

i was offered universal @N1.50 by my broker what do you guys think on PP

[newton]

Well thats about 60% over the offer price. Plus there's the chance that ur broker wd put a caveat that u cant sell till .... whenever. If u are assured that a share certificate wd come in your name at the end of the offering then i still think its a good deal. Doubt if any insurance stock (even d non performing) wd sell at below N2.5 by mid year.

[zubychyle]

hey guys,
just want to know what's going on with the universal insurance pp, just read that one of us had his money returned, is this as a result of oversubscription or what? pls can you clarify on this cos i also participated in the pp.

cheers mate.

[ttoladele]

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SEC warns Nigerians against private placement
Friday Ekeoba, Lagos - 18.02.2008

The Securities and Exchange Commission (SEC) has expressed concern over the recent increase of private placements by some private companies in the country even as it called on the public to be wary of such transactions.


The commission said the companies, which were offering their shares to raise money from unsuspecting members of the public, should be well scrutinised before any business was done with them.


The Head, Media of the commission, Mr. Lanre Oloyi, who gave the advice in a statement made available to the Nigerian Tribune at the weekend, said the public should know that the securities of wholly private companies were not registered with the commission as private companies were by law outside the regulatory purview of SEC.


He noted that any company that had membership in excess of 50 persons was by law a public company and, therefore, required to comply with the requirements of the commission in terms of making offers to the public.


“Members of the public who buy shares of private companies that are neither registered by the commission nor listed on the Nigerian Stock Exchange (NSE) are therefore doing so at their own risks”, the statement said.


According to him, SEC was committed to effectively regulate and develop the Nigerian Capital Market and make it investor-friendly.


The Director General of the Nigerian Stock Exchange (NSE), Professor Ndi Okereke-Onyuike had earlier warned investors to be cautious with their investment in private placement as it had become an avenue for some unscrupulous individuals or non-quoted companies to siphon people’s money.


Meanwhile, the Director General of SEC, Musa Al-Faki, has promised tough times for quoted companies and capital market operators that indulge in unethical practices this year.


According to him, this year was going to be a tough one for those found guilty as the commission would leave no stone unturned in sanitising the market.


Al-Faki, who disclosed this at the weekend in Lagos at the commission’s annual media luncheon for business editors and capital market correspondents, lamented that what was happening in the market now was disheartening and could erode investors’ confidence on the market.


--------------------------------------------------------------------------------


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[ikpong]

Please access the Businessworld web site below for a good educational piece on pp:
Business World Intelligence | Economic Intelligence Delivered

Thanks.