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madeonline
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TECHNICAL ANALYSIS
Good News
"Share certificates to be out in six weeks" - Chairman DAAR Goup, Chief RAymond Dokpesi
[According to Dokpesi, everything relating to the hybrid offering would be done electronically and with the latest technology, “you can download your forms from the internet, make your payments directly and shares would be allotted directly, and within six weeks of the closure of the offer; everybody should be able to have their share certificates” he said.] , Source Proshare <http://www.proshareng.com/myproshare/portal_news.php?id=3680>
Highlights
1. Listing of shares of DAAR on the NSE by 2nd June 2008
2. Global outlook: 6 Regional offices, 2 Offshore offices and an Abuja Head Office
3. Investors to get certificates in 6 weeks - Proshare
4. Affordable price and units of sale with minimum of 1000 ordinary shares & multiple of 100 thereafter at 5 naira each.
5.100% firm underwriting of the offer
6. Seasoned management team
7. Dividend projected for share 2008y/e and next two consecutive years
8. Further equity diffusion planned until 2011
9. Strong business case, strong potentials & ability to compete favourable with market leaders if given strong financial backing
(Case Study: note Aljazeera recently stood shoulder to shoulder with CNN in quality satellite broadcasting)
HOW TO BUY ONLINE:
1. Print out a form as attached.
2. Fill out the form in blank ink, scan and email to your stockbroker
3. If you are yet to have a CSCS Number, click here <http://www.nairaland.com/nigeria/topic-63098.0.html> to get one through a leading stockbroking firm and Joint Stockbroker to the DAAR IPO (free of all charges, these numbers are essential for the electronic processing)
4. Email your scanned form to your Stockbroker
5. Effect online payment online via means provided by your stockbroker (if available)
6. Insist on evidence of purchase (Online statement of account and/or scanned copy of receipt of payment/payment confirmation)
7. Look out for your Shareholding/value on the CSCS via their website online access Learn how to log on to your CSCS account online here <http://www.nairaland.com/nigeria/topic-58129.0.html>
HOW TO AVOID/SECURE RETURNED CHEQUES
Consult with your stockbroker, banker and/or financial adviser.
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w3live (m)
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I am at a loss as to which of the offers to buy into. Is it the offer for subscription, or the offer for sale? Is it possible for one individual to apply for both separately? Or is one bound to apply for only one of the offers?
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Crownvilla (m)
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@W3live,
You can but both offers or only one, the choice is yours. In my humble opinion the IPO will be massiviely oversubscribed so any sums over the N5K minimum are are likely to be refunded after the 6 week deadline.
Dangote returned almost a $1 bn to investors of Dangote Flour IPO. If you consider that Dangote Flour was 3ce as expensive and didn't have 1/10th of the publicity of Daar; then its a no brainer that Daar will return huge sums of money.
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Crownvilla (m)
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@W3live,
You can buy both offers or only one, the choice is yours. In my humble opinion the IPO will be massiviely oversubscribed so any sums over the N5K minimum are are likely to be refunded after the 6 week deadline.
Dangote returned almost a $1 bn to investors of Dangote Flour IPO. If you consider that Dangote Flour was 3ce as expensive and didn't have 1/10th of the publicity of Daar; then its a no brainer that Daar will return huge sums of money.
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w3live (m)
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@ Crownvilla
Thanks for the info. The reason why I'm concerned is because, the instuctions behind the form say you will be disqualified if you make more than one application. What happens if one applies for both. Will he/she be disqualified?
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madeonline
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w2live,
kinly buy into the offer for subscription, the white form not the grey form. It is likely to be oversubscribed.
Regards
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