dejavoe:

@Akoscar

it closes on the 21/03/2008
i have the Prospectus here but its too large to attach
would send it to you if you need it

Pls could you email it to me on depthsheights at gmail.com

Thanks.

Jubilee-Life to raise N5 billion through P/Placements
Posted Thursday, February 14, 2008



Jubilee-life Savings and Loans Limited is getting set to raise fresh funds of N5.0 billion through Private Placement (PP) in a bid to meet the N2.0billlion minimum capital base requirement for operators in the Primary Mortgage sector of the Nigerian Economy.



Shem Oluwagbayi, Head, Business Development Unit of the company who spoke on behalf of Wale Osisanya, Managing Director (MD) of the mortgage firm disclosed this to Proshare News/Investigations. He said investors in the offer are expected to make a 100 per cent return on investment (ROI).



According to Oluwagbayi, the placement would open after the company has released results of the current financial year ending 30th April, 2008. “We are working out modalities to commence the Placement in June, 2008” he said.



“Jubilee-Life Savings and Loans Limited would offer ordinary shares of 50 Kobo each at N3.00 per share.



Without prejudice to our analyst review of the financials, face value results of recent financials of the company made available to our News/Investigations service for the period ended 30th April 2006 and 30th April 2007 showed gross earnings grew by 245 percent from N39.3 million in 2006 to N135.5 million in 2007.



While Profit before Tax (PBT) rose from an operational loss of N7.7 million in 2006 to N54.6 million in 2007 which represents a 610 percent increase. Profit after Tax (PAT) also increases from N7.7 million in 2006 to N50.7 million in 2007 indicating a 558 percent increase. The balance sheet of the company grew from N369 million in 2006 to N1.238 billion in 2007, representing a 235 percent growth.



Investors are encouraged to consult with their investment advisers and stockbrokers regarding this offer as no detail is available to us at this time; and no analysis has thus been done.



just digged this PP out but dont have any Info about the company.

can anyone give DETAILS , Thanks

@ Dejavoe,
Pls let me look at it too at d o s k y s m y l at yahoo dot . com

dejavoe:

@Akoscar

it closes on the 21/03/2008
i have the Prospectus here but its too large to attach
would send it to you if you need it

dejavoe,
Abeg, email me the thing and I go "megaupload" am so u don't need to keep emailing everyone. My email is

easimoni2004 at yahoo dot com

@ easimoni

thanks jare,
its on the way now now

deleted

ONWARD PAPER PP _{shine una eyes}

Just a line from the prospectus

Financial Review

The company recorded a loss after tax of N40.6 million due to its huge interest burden. This was as a result of bank facilities it undertook in order to fund its restructuring plan. It therefore intends to cushion the effect of its debt through the equity injection from its proposed private placement.

However, the company has been able to show its ability to improve performance through the growth in turnover in the last financial year. Its sales increased by 27% from N638.2 million to N810.9 million. This was mainly due to the restructuring exercise that is going on at OPML.


I just read this from the financial review of the PP. How easy is it to sell a company to the public that doesn't make any profits? Well, only in 9ja as usual. I would strongly advice everyone to sure read through every prospectus of these companies before investing. I just read eveyone asking about the application forms and the closing dates. I'd think people will talk about their opinion about a company's fundamental before investing. But then, in NSE, anything wey go market, person go de wey wan buy.


I would not be surprised if this PP gets oversubscribe still.  

That said, I no same anybody no buy anything o. _{Afterall, I bin use Onward exercise book go school.}

Loma is back!  Na now now I just ecape from Easi after my 419th post!  The experience pass jaw-breaking!

Looks left and right    I only managed to esape by pressing the escape key on his NSE laptop.

The good news is while I was tied up, I heard all the CICo and PP details he is planning on.

Oh here he comes, off I go!

Welcome back jare loma. No worry we go buy you anti- easimoni so he no go fit catch you again. We missed you.

loma:

Loma is back!  Na now now I just ecape from Easi after my 419th post!  The experience pass jaw-breaking!

Looks left and right    I only managed to esape by pressing the escape key on his NSE laptop.

The good news is while I was tied up, I heard all the CICo and PP details he is planning on.

Oh here he comes, off I go!

LOL, una no go take laff kill me o!

Food Concepts Prospectus.

http://www.megaupload.com/?d=P3R3P2UX

All hail Dejavoe!

Hello everyone

There is something I don't really understand. Why did NAHCO go from a high of 70 to as low as twenty something.

beginner:

Hello everyone

There is something I don't really understand. Why did NAHCO go from a high of 70 to as low as twenty something.

they did a bonus issue

This week I tried to get a loan from my bank in Tejas, and got this reply (see pic 1) because the guy in the 2nd pic had beaten me to it!

@ EKWA

Welcome!

How did your broker manage 7 million units of AIICO?
Was is from the secondary market or PO?

Couldn't get it even through an AIICO director - said there was no such thing except for the ones specifically mentioned in the prospectus.

Can you please share your brokers name. Will like to open an account with them.

@ Easimoni

Thanks for the Food Concepts prospectus. Been looking for it.

Samstone4

What is penny Stocks?

In the U.S. financial markets, the term penny stock commonly refers to any stock trading outside one of the major exchanges (NYSE, NASDAQ, or AMEX), and is often considered pejorative. However, the official Securities and Exchange Commission (SEC) definition of a penny stock is a low-priced, speculative security of a very small company, regardless of market capitalization or whether it trades on a securitized exchange (like NYSE or NASDAQ) or an "over the counter" listing service, such as the OTCBB or Pink Sheets. The terms penny stocks, microcap stocks, small caps, and nano caps are also all sometimes used interchangeably, however per the SEC definition, penny stock status is determined by share price, not market capitalization or listing service.

Small definitions:

Market capitalization (aka market cap, mkt cap or capitalized value) is a measurement of corporate or economic size equal to the share price times the number of shares outstanding of a public company.

The OTC Bulletin Board or OTCBB is an electronic quotation system in the United States that displays real-time quotes, last-sale prices, and volume information for many over-the-counter (OTC) equity securities that are not listed on the Nasdaq Stock Market or a national securities exchange. Broker-dealers who subscribe to the system can use the OTCBB to look up prices or enter quotes for OTC securities.

The Pink Sheets is an electronic quotation system that displays quotes from broker-dealers for many over-the-counter (OTC-traded) securities. Market makers and other brokers who buy and sell OTC securities, can use the Pink Sheets to publish their bid and ask quotation prices. The name "Pink Sheets" comes from the color of paper the quotes were printed on prior to the electronic system. They are published today by Pink Sheets LLC, a privately owned company.

The term microcap stock (also micro-cap) is used to describe publicly traded companies which have a market capitalization of roughly US$250 million or less. The vast majority of U.S. stocks fall into this category, but they make up only a small fraction of the total stock market value. Most are traded on over the counter exchanges, and their prices are quoted on the OTC Bulletin Board (OTCBB) or the Pink Sheets.

In the UK markets, penny stocks, or penny shares as they are more commonly called, generally refer to stocks and shares in small cap companies, defined as being companies with a market capitalization of less than £100 million and/or a share price of less than £1 with a bid/offer spread greater than 10%, In the UK Penny Shares are covered by a standard regulatory risk warning issued by the Financial Services Authority(FSA).

In France, penny stocks generally refer to risky stocks with a price of less than 1 Euro.

Penny stocks generally have market caps under $500M and are considered extremely speculative, particularly those that trade on low volumes over the counter. The Securities and Exchange commission warns that, "Penny stocks may trade infrequently, which means that it may be difficult to sell penny stock shares once you own them. Because it may be difficult to find quotations for certain penny stocks, they may be impossible to accurately price. That is why leveraging on expertise is expedient and also doing your own due dilligence is very precious.

The information you are about to discover has long been secret among a few industry insiders.

Years of work from experienced research specialists have culminated into what you are about to read. These concepts will enable you to uncover your own explosive penny stocks before they make their moves.

These concepts are best understood if approached in order, starting with Picking Your Own Explosive Penny Stocks.

It all begins from here.
Download your application form and return to our office @ 55 OPEBI RD, IKEJA LAGOS. OR SCAN AND EMAIL TO US.

Samstone4,if you read my mail very well you can see i mentioned (PO) Aiico and Japaul are still in process because my broker reassured me that every thing is looking good and also he use many names for me and he knows somebody inside and he will get 1million naira per deal in respect of his xmas bonus.I look after my broker he can go extra mile for me he know's he will get something good.
For my broker i will not mention it here after all this information bcus you don't know how's reading.

A little work can go a long way.

In the case of penny stocks, the amount of effort and research you put into finding the perfect investments is directly proportional to success.

Almost all traders who get involved with penny stocks are doing so for the wrong reasons. For example, they hear a hot tip from a friend at work, or see a small news article about a company in the paper. Unfortunately, by the time you hear about the shares, they are already common knowledge.

For those of you who are willing to research extensively, the theories will be incredibly valuable.

If you are not inclined to do very much work, or do not have the time to commit, these concepts become even more important. They will show you how to

Easily rank stocks
Avoid the common mistakes
Perhaps you do not want to do any research yourself at all, but instead prefer to use a professional penny stock picking service. This is also an excellent way to proceed, as long as you decide on a service that is reliable and accurate.

I recommend that you do use the services of a professional penny stock analysis company, but besides PeterLeeds.com, I would not consider any of the other options out there to be 'professional.' Generally they are individuals who have figured out how to program a web page, and their expertise does not go far beyond that.

A Little Work
As I have mentioned, a little work can go a long way. However, most traders do not put in the required effort, or any effort for that matter. Those of you who are willing to do the extra due diligence or analysis will benefit greatly from what you are about to read.

Understand that 95% of penny stock companies should be considered bad or dangerous investments. However, the proven approach outlined in the next several sections of Understanding Penny Stocks makes it easy to tell which stocks should be ruled out.

A Long Way
As you become more experienced, you will learn that a good penny stock trader can make money on good and bad penny stocks alike, simply by investing at the right time. Since every stock fluctuates, you shall see that money can be made by buying even the worst companies at the right time, and money can be lost by buying the best companies at the wrong time.

Ideally you want to accumulate the best penny stock companies at the most advantageous prices. I suggest using fundamental analysis to discover which are the best penny stock companies, while using technical analysis to pick the most opportune buying prices.

@peribiz
From Delta to Lagos, how come? you disappear reach Lagos

What is all this penny stock defination about from NYSE to NSE?

if you get stock to sell or sometin just HIT THE NAIL ON THE HEAD

I still remember somebody mention it here few months back,try your best to be friendly to your broker it can only do you good long run.last year I travelled to Nigeria for 3days to attend my broker wedding ceremony,just for him,his honeymoon in London for 2weeks i paid for the flight and hotel.

@Ekwa, how is what you are doing different from bribery? No vex o, just justify your actions as small investors cannot afford to send somebody to London.

Where has 'level playing field' gone to?

INVISIBLE,my point is in respective people work for us we should treat them with respect and kindness to get best out of them even my gate man.In Nigeria I have 35 staff,I pay them monthly out of 35 staff ,I already given 21 car registered on their names.
My broker is not obliged to give me inside news and information for me to better my life and family.As my people use to say you use money to get money.

is it just me!!ekwa is sounding pretty much like elder napoleon?!anyway ur contributions will be most welcomed if it assists other forum members in making more naira!!
@all what do u guys say about utc,japaul,and wapic medium term(9 months).thanks

@ easimoni and Dejavoe

Per the food concepts pp prospectus,the megaupload thingy is not available,pls mail it to me via dlast2 at yahoo dot com (that's webzite,not website)

Oga ekwa just told u how to make money,
FIND A GOOD BROKER
PAMPER HIM FOR LONG TERM
GET HIS LOYALTY
AND BE RICH
to be honest with u i agree with him
people say u cannot be overseas and run a business in naija
and i am able to do it becos i use the formula of LOYALTY.
_{small gal like me talking where adults are, run quickly to her room to shut up and continue to learn}

@rasputinn

on itz way 2 U

dejavoe:

@rasputinn

on itz way 2 You

Thanx man,checking in a sec

@dvonne

i checked out your fashion outlet
o le gan O
we suppose hook up on more bizz in dat level O
abi kilo so si,