just heard that the company is coming out private placement, NGN1=NGN1.20. am currently looking out for the prospestus,
will keep you posted,

The Lagos Building Investment Company Plc has floated a private placement of 1.5billion ordinary shares of N1 each at N1.20 per share to strengthen its working capital.



The Managing Director, Mr. Babatunde Jinadu, said on Thursday that the placement is being made to finance the company’s strategic business development and create mortgage for low and medium income earners, real estate developers and joint venture activities.



The placement, which opened on October 17, 2007, will close on November 28, 2007,



According to Jinadu, other uses to which the N1.71bn net proceeds from the placement would be put include upgrade of information technology, improvement in head office and branches, increase return to shareholders, establishment of new branches and to take advantage of the emerging opportunities in the housing sector of the economy.



Minimum initial subscription according to the placement memorandum is 100,000 units ordinary shares and in multiples of 10,000 units thereafter.



Upon a successful exercise, the management and board of the company have proposed a dividend of N164m in 2008, N226m in 2009 and N299m in 2010.



Its projected turnover for 2008 is N619m, N805m in 2009 and N1.13bn for 2010, while forecast profit after tax for 2008 is put at N234.m, N324m for 2009 and N498m for 2010.



However, the company has not paid dividend in about three years due to a dip in profit.

Could anyone please paste a link to the application form?

aany one know their office address? I think its at the CBD but i am not sure. I wouldnt mind making a visit ther for more info

Thanks for the info.

Im looking for their prospectus as well.

I would be happy if any one knows where to get one. If i do ill post it as wel.

Please has any one got any information on how to participate in this yet?

I beg una wetin de happen as per this LBIC pp

@Etin;

A copy of the application form was scanned and emailed to me but you can hardly read the text. I had intended to complete the form and scan back to someone in Nigeria that would submit the form on my behalf but that is not possible due to the sorry state of the application form.

The offer closes on 27/11/07, so unless I can identify someone coming from Nigeria (to bring a hard copy) in the next few days, this looks like non starter. What a shame though, this PP is definitely worth investing in.

@crownvilla

please post the prospectus or appication from on here.

If i see if ill know where to go and look for the proper copy then ill post in on here for everyone.

Thanks

Crownvilla:

@Etin;

A copy of the application form was scanned and emailed to me but you can hardly read the text. I had intended to complete the form and scan back to someone in Nigeria that would submit the form on my behalf but that is not possible due to the sorry state of the application form.

The offer closes on 27/11/07, so unless I can identify someone coming from Nigeria (to bring a hard copy) in the next few days, this looks like non starter. What a shame though, this PP is definitely worth investing in.

Thanks

Can you upload it here then I'll see if i can improve it somehow?

@ all

Please click on the link below for the application form.

@ Atilla,

You can get hard copies of the form from Skye Bank. It would be appreciated if you can scan the hard copy on high resolution (minimum 300) and post here for our use.

I actually think the copy you have now is still usable but ill try my best to get the hard copy and post it on here for nlanders.

There are quite a number of P.Ps out now Fidson Healthcare and FTN cocoa processors.

If you guys are interested in investing in them I could post the prospectuses on here.

@ Atilla,

The LBIC form I posted looks OK on a computer but hardly any text is visiblewhen printed. That's why it would be appreciated if you can upload a better copy. An IT friend said it should be scanned at high resolution.

Pls go ahead and upload the PP forms for Fidson and Cocoa processores. Thanks.

@Crownvilla

Godbless you, I will also see if I can get my brother to scan a better copy

Find attached the application forms for FTN cocoa processors

Fidson healthcare form is too large so send me a mail and ill reply you with it.

If anybody is interested in applying for any let me know as my company CITI Investment Capital LTD  is a receiving agent to Equity offers.

Take care and happy private placing 

Ade

Anyone interested in the Universal Insurance PP @ 95000naira for 100000 min investments. I just got the 52 page document too large to upload. I will be happy to email to anyone interested. I learnt it would still be accepted up till next Friday.

Hi Etin please could you send the prospectus to me.



Thanks

atilla:

Hi Etin please could you send the prospectus to me.

my addy is adepemiatilade@citiinvestcap.com

Thanks

Sorted

Finally got the full propectus and a clear copy of the form see below

@ Crownvilla

I tried to send it directly to your email address but it came back undelievered.

seems too large to upload. 14pages

Anyone who would like me to email the form should please let me know.

Please send a copy to: blenheiminv@yahoo.com

Thanks Etin for sending me the prospectus. Could you also send this one to me as well. If its too large to print kindly post the link of the page you downloaded it from


Thanks a lot.

@ Etin,

You are a star. Please email me a copy of the LBIC prospectus/form to this email addy:

adezproject at yahoo.com

Thanks.

Etin:

Anyone interested in the Universal Insurance PP @ 95000naira for 100000 min investments. I just got the 52 page document too large to upload. I will be happy to email to anyone interested. I learnt it would still be accepted up till next Friday.

I hope you are aware that the private placement was actually done last year. Have you confirmed that they met the capitalisation requirement That is key before you put your money in a private placement.

@Wanaj0

Thanks for you information and for watching out for me. I can confirm that they did meet the capitalisation requirement and this one is definitely for this year through FutureView with intial closing date 16th of November 2007.

@atilla

I got the LBIC emailed to me from Skye Bank and Universal from FutureView. I havent got a url link to give. I have just emailed the LBIC to you.

@ Crownvilla and Blenheim LBIC form sent as requested

Etin:

@Wanaj0

Thanks for you information and for watching out for me. I can confirm that they did meet the capitalisation requirement and this one is definitely for this year through FutureView with intial closing date 16th of November 2007.

@atilla

I got the LBIC emailed to me from Skye Bank and Universal from FutureView. I havent got a url link to give. I have just emailed the LBIC to you.

@ Crownvilla and Blenheim LBIC form sent as requested

Etin, thanks.

Do you have the prospectus? If yes kindly e-mail to me.

Good job @Etin.
Can you send me a copy of the LBIC prospectus and form. mutu001@gmail.com

@Etin,
please do send me the UNIVERSAL PP prospectus.

ibooku200(at)hotmail.com

thanks in advance

@ mutu1 - LBIC sent
@ hbrednic - Universal PP sent
@ Wanaj0 - I havent got your email.

@Etin
many thanks,you are a brothers keeper

@ Etin,

Thanks a million.

I've received your email re LBIC form/prospectus.

@ Etin,
Could you e-mail the LBIC prospectus and form to me . murphy_n2003(at)yahoo.co.uk
Thanks