Proshare Logo
   Market Date: 18-12-2014   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

Crusader Debenture/Rights closes 300908

Category: Public Offers Private Placements


  Read (2245)
Crusader Debenture/Rights closes 300908

-Projects 36 Kobo dividend in 2010 FYE

 

PETER OBIORA

Proshare NI

September 30, 2008 at 12: 27 GMT

 

 

Crusader Nigeria Plc (CRUSADER) 4.0 billion 12 percent Unsecured Convertible Debenture Stock 2013 offer and 797.884 Ordinary Shares of 50 Kobo each by way of Rights would officially close today Tuesday September 30, 2008. As the company projects a 36 Kobo dividend payout in its 2010 Financial Year End (FYE).

 

Forecast Offer Statistics extracted from the Reporting Accountant’s Report shows that Crusader Nigeria has projected to offer is investors a 20, 30, and 36 Kobo dividend payout in Year Ending December 31, 2008, 2009 and 2010 respectively.

 

However, the company affirms in the forecast Offer Statistics that the dividends per share have been computed respectively for each year on Profit after Tax (PAT) and 4,787,305,189 Ordinary Shares expected to be issued at the end of the above years.

 

 Gross Premium of the company is expected to increase from N5.292 billion in year 2008 to N15.053 billion in year 2010 indicating an increase of 184.43 percent in the forecast period.

 

Profit before Tax (PBT) is also expected to grow from N1.747 billion in year 2008 to N4.113 billion in year 2010 showing a growth of 135.43 percent.

 

While PAT would rise from N1.310 billion in year 2008 to N3.084 billion in year 2010 representing a rise of 135.41 percent in the period under forecast.

 

In the same vein, Crusader Nigeria has affirmed that it has made an application to the Council of the Nigerian Stock Exchange (NSE) for the admission to the Official Lost of the 4.0 billion 12 percent Unsecured Convertible Debenture Stock 2013 now being offered for subscription and the 797,884,198 being offered by way of Rights to existing shareholders.

 

Lead Issuing House to offer is Diamond Bank Plc, while Joint Issuing Houses include BGL Securities Limited, Chapel Hill Advisory Partners Limited, Ecobank Nigeria Plc and Fidelity Bank Plc.

 

Other Joint Issuing Houses are LeadCapital Limited, Partnership Investment Limited, Profound Securities Limited, Spring Capital Markets Limited and Sterling Capital Markets Limited.

 



Tags: , 



Comment With Your Facebook or Yahoo! ID


Latest news


News on Public Offers Private Placements

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Newsletter
Contact Us
Volunteer Program
Message from CEO
Resources

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
WebTV
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

#1minNews
News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Newsletters
Discussion Forum
Policy

Subscriber Agreement
Privacy Policy
Data Policy
Disclaimer
Copyright Policy
Trademarks
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Training
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014