Public Offer Vs Private Placement - Starcomms Offer as Case Study
...The choices open to investors to participate in the ‘primary market’ is encouraged by the belief that the investor will be guided and protected by the regulators who are expected to ensure that activities of companies and operators are guided by a set of rules known to all stakeholders.
Fundamental to this is the need to understand the differences, advantages, disadvantages, implications and remedy available under the different options open to companies and where/how investors decide to engage in either private placements or public offerings.
To contextualise this within the prism of the 2008 Starcomms offer and the attendant issues arising therefrom, we have produce below a table highlighting the characteristics of each offering, the peculiarities and the specifics of the offer.
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Sentiment Analysis Report: W/E 010612 – Market Slips into Reversal Mode
Analysis of market activity in the week ended June 01, 2012 technically revealed the sustained weak market optimism and continued sell tendency in the investors’ trading pattern as against the moderate profit-taking tendency amid falling market optimism observed in the previous week’s performance.
Nevertheless, the key benchmark indices maintained downtrend as sentiments remained red, taking hits majorly from Large CAP stock which was particularly driven by Zenith Bank while Medium CAP stocks also contributed to the outlook recorded today due to continuous sell pressure witnessed in Conglomerates, Consumer Goods, Financial services and Oil & Gas sectors.
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010612: Market CAP sheds N85.62bn in four trading days
The bears continued to dominate market activities for the fourth week in a row as unprofitable transactions permeated the bourse in all trading days of the week while NSE key market indicator, ASI, closed below 22,000 psychological lines as envisaged in our previous report .
Furthermore, Equity Market resumed southwards movement by -0.24% to open the first trading day of the week negative after recording a marginal gain in the previous session as selling activities outweighed bargain hunting amid negative while the bears continue to dominate market activities for the second consecutive session amid positive market breadth as ASI slide further by -0.04% after the second session.
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SEC Approvals in respect of Starcomms 2008 Offer
Here are the approvals granted by the SEC in respect of the 2008 Starcomms offer as obtained from legally obtained documents related to the case.
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CMA announces Executive Development Programmes in Association with Proshare
The Capital Markets Academy is pleased to announce a suite of Executive Development Programmes to be held in Lagos in 2012, in association with Proshare Nigeria.
Delivered by leading international experts and featuring guest speakers from the Nigerian Financial Community, these interactive programmes have been specifically designed to
Facilitate greater understanding of the key products within the Nigerian Capital Markets today
· Equip staff with practical learning they can apply immediately in their roles
· Enable attendees to benefit from a highly interactive learning approach
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People
Dana Plane Crash -President Jonathan Declares 3 days of National Mourning
President GEJ acted in the best interest of our democracy
Tribute to Late Oba Oladele Olashore
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Corporate Earnings
Corporate Earnings for the Week Ending 1st June, 2012
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Reports
Public Offer Vs Private Placement - The Starcomms Offer Reviewed
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