Impending IPO Of Dangote Sugar Refinery

@ gbengaijot
I have a friend ,who is in the Us, that is also investing. All he is doing is to transfer the funds through IBTC's correspondent bank to their stock broking outlet. He was asked to download the form, fill  and scan it and then send it to them. That way the shares are recorded directly in his name.

I don't think the price per unit of transcorp is =N=6.00 as speculated in the newspapers. The Group MD only said that the price will be competitive and affordable. How does that translate to =N=6.00 ?

Obalola

If na u u go sell  for 6 and suffer commisions. It will definately go higher and then they'll do the IPO at a discount to the bidded up mkt price.

Thinking about it, those that bought @ N6 and had their money tied down for one year now may not have fared so well, as things currently stand. ,  giving that during this time, the market has been remarkably bulish,

For this reason, I doubt they'll sell for less than N6 at IPO.

@ Frankiriri
 What do u mean by saying am just seeking attention.From who am i even seeking the attention. You should always learn to respect other members of this group. Any post i have on this forum is my own opinion, which could be right or wrong.
  I shared my opinion about mutual funds,period!. You just exhibited a high level of immaturity.
About mutual funds, it depends on the type of investor you are.To me mutual funds is for people that want long term investments. I am not saying mutual funds are bad but its not the best for investors who want to make short term profits.
Take care and Godspeed
 
 

@freelance
Its a pity you think I'm immature but as you said I was just expressing my own opinion also. You have however resorted to name calling.
Anyway I've removed the offensive part of that post.

You go all out in recommending that people pick certain stocks and then turn around to poo poo mutual funds, that's not the sign of someone who is financially savvy.
I'm not claiming to be a Capital market expert but I will have you know that I am chartered accountant and a student member of the chartered instutute of stockbrokers.
By taking a plunge into picking stocks on his own the individual investor is taking more risk than if he holds a well diversified mutual fund. 
The stock market is not for anyone who wants to make short term profits. While prices may rise in the short term there is no guarntee that any one stock will do well in the short term. So your arguement flies in its own face.
I personallly take my chances by picking stocks on my own but I know the risk involved. If the appreciation in prices don't materialise I hold on and wait.
For example I invested in Platinum in Dec last year hoping that they'll rise like other newly listed stocks only to for the priceto be placed on a technical suspension that lasted forever.
Anyway sha I don't want to join issues with you. In fact to show say I no get anything for mind, I have asked you for advise on forming an investment club.
I take it that you haven't read that post.

We no dey fight o!.
Na wetin u dey find I dey find.  we are all trying to "hammer"
No vex

@ Frankiriri
   No hard feelings. As you said na d same we all they find. So make we help eachother. No probs. Congrats Frankiriri ACA,. But i don't think i recommend stocks for people. Its all good, anything you feel its best for you invest in. I have some friends that never invest in stocks and prefer to do business and they ar doing very well. So its all good.
Take care and see u @ the top !

@Josho
Almost all the companies that want to raise funds in Nigeria first of all bid up their prices by asking their brokers to buy shares as at increasing prices. Most of those that bought into transcorp initially are insiders and they would just be trading the shares between themselves in order to bid up the price.
From my calculations It will take them about 2weeks of trading for the price to hit N10. ( the maximum price gain a stock is allowed is 5%)
So lets see if you can get it to buy within that period.

I don't think you should compare it with Dangote.
With Dangote you'll be getting a company whose fundamntal information you can vouch. They have a trading record to back their price but with Transcorp it's only the assets ( some of which are of doubtful value) and the pedigree of the directors that u can rely on. In one of the posts on this thread the issue of political risk was raised, this will apply even more to Transcorp than it will DSR.
I am investing in both of them but I wont sacrifice Dangote for Transcorp.

I'm investing in both DSR and TransCorp,  equally. TransCorp is a more recent decision, but I'm not bothered by political risks. I doubt that will affect TransCorp. It's highly unlikely that any goverment in power will go against them.

Any ideas when TransCorp IPO is starting?

That's also the main source of my confidence and reason I'm willing to invest inin TransCorp. However, the influence of the directors + the fact that Nitel is likely to fare much better under TransCorp plays a big part too.

Thinking about it, it's perception of risk like this that have made millionaires out of some shrewd investors. Yes, there is a lack of trading record, but something tells me TransCorp will fly. This is the scenario I see unfolding,

A new goverment will come in and give the thumbs up to TransCorp (I'm confident this will happen. Let's not kid ourselves. The 17Billion Nairia raised during the private placement, you'll find many many industrialists, senators and assembly men where investors here!). Then forget any probe for the next 8 years. It'll be praises all the way to a group of individuals for turning around an ailing giant, !

Hi Iyke D,
               I personally enjoyed your analysis on this forum and for sometime now,I have been following your write up on Transcorp and I really enjoyed it. You have done justice to the discussion as a true analyst and an entrepreneur. I would have love to speak to you but such a shame that people cannot connect together on this forum.
Anyway keep the good work going. Thank you again.

Quite interesting article on TransCorp / Dangote sugar IPO's,  should make good reading for all descerning investors.

http://www.vanguardngr.com/articles/2002/columns/franklyspeaking/fs26112006.html

frankiriri,

woooow! i remember when it was 50 Kobo 

I use a stockbroker.  My broker says that it is veeery hard t get as demand is veeeery high.  So it is best going through them as they buy in bulk after which they sell it piece-meal to their clients.

So, if u don't hv a broker already and you really need to buy transcorp stock, you might want to go that route 

I hope this helps.

joshO,

I know someone, asssuming she is telling me the truth, who got in at 50 kobo.  The girl is swimming in it

Interesting,  I thought it started @ N1 for the core investors, the Dangote, Elumelu and Ovia types and moved to N6 @ the Private Placement.  Would be interested to see where the 50K fits in this equation.

But if it's true, depending on how much she invested, she may be up to her eyes in money for a long time to come,

I confirmed this on Friday too. Well deserved for thos who invested much earlier when things were less certain and risk higher.

I had to review downward significantly, my investment in Dangote IPO on brokers advice of likely oversubscription.

Is it getting clearer when the TransCorp IPO's scheduled and for how much?  Also, any word on expected dividends / revenue in first year of operation?