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Atlas Development and Support Services listing in GEMS
mwekez@ji
#1 Posted : Wednesday, November 26, 2014 11:08:08 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,096
Atlas Development and Support Services has opened a private placement issue for selected Kenyan investors at KES 11.50 per share ahead of its listing by introduction on Growth and Enterprise Market Segment of the Nairobi Securities Exchange. The company is seeking to raise KES 540,500,000 of new capital to raise funds for expansion capital and capital expenditure. Investors will require a minimum of KES 1.0m to take part in the private placement. Allocations in the Kenyan placement will be made on or about 9th December 2014 ahead of the commencement of trading and completion of Kenyan listing on 17th December 2014 subject to regulatory approvals.(Source; Business daily, Kestrel Research)
hisah
#2 Posted : Wednesday, November 26, 2014 12:06:49 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@mweke - who is the lead for this float? Burbidge or Kestrel?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Mart_Consult
#3 Posted : Wednesday, November 26, 2014 12:22:13 PM
Rank: Member


Joined: 11/7/2013
Posts: 127
Location: Nairobi, Kenya
hisah wrote:
@mweke - who is the lead for this float? Burbidge or Kestrel?


I'm not the great @Mweke but I'll provide an answer.

The ever-so good with secret private placements: Burbidge capital it should be.
I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
mlennyma
#4 Posted : Wednesday, November 26, 2014 1:04:12 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,963
Location: nairobi
http://www.africaoilfieldlogistics.com/
"Don't let the fear of losing be greater than the excitement of winning."
Aguytrying
#5 Posted : Wednesday, November 26, 2014 9:53:02 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,023
this is the current vessel. private placement pap, sell to wanjiku a few days later. GEMS !
The investor's chief problem - and even his worst enemy - is likely to be himself
kysse
#6 Posted : Wednesday, November 26, 2014 10:18:36 PM
Rank: Elder


Joined: 1/17/2013
Posts: 4,693
Location: Earth
smile Applause

Impressive! I am not a stocks guru but I know what's cooking there.

Kudos S.W.

#following#
Gatheuzi
#7 Posted : Thursday, November 27, 2014 6:57:30 AM
Rank: Veteran


Joined: 8/16/2009
Posts: 981
Aguytrying wrote:
this is the current vessel. private placement pap, sell to wanjiku a few days later. GEMS !

Mastering the game engineered by their Flame Tree brothers.
Time is money, so money is time. Money saved is time gained in reverse!
mwekez@ji
#8 Posted : Thursday, December 04, 2014 7:56:14 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,096
Mart_Consult wrote:
hisah wrote:
@mweke - who is the lead for this float? Burbidge or Kestrel?


I'm not the great @Mweke but I'll provide an answer.

The ever-so good with secret private placements: Burbidge capital it should be.


On point. Indeed it's Burbidge Capital.
The optimist
#9 Posted : Thursday, December 04, 2014 9:47:06 PM
Rank: Member


Joined: 6/14/2010
Posts: 519
Location: Nairobi
Listing Price 11.60
Shares to be listed: 393,923,366
Listing is by Introduction
Magnate
#10 Posted : Wednesday, December 17, 2014 12:10:55 PM
Rank: Member


Joined: 11/1/2013
Posts: 256
Find attached the listing statement

http://ge.tt/4mhhc372/v/0

only 10,000 shares traded at 13.75 so far
demand 13,000
Supply 333,800
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
VituVingiSana
#11 Posted : Wednesday, March 18, 2015 5:35:47 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,445
Location: Nairobi
If Tullow chooses ADSS for this project then things are looking good for ADSS!

I need to work out the PER for this firm as well as read up on the other countries and sectors it is involved in.

http://www.businessdaily...-/11vunr3z/-/index.html

"Tullow is building the new camp on a 426-acre parcel of land..."
"The plan is to have the new base replace Tullow’s four sites, currently located in the Lokichar and Turkana basins."
"Phase one of the new base will include a community liaison office, a 400 man camp, a contractors’ work area, a fuel and maintenance facility, security and information systems offices and a logistics centre."
"The second phase of the multi-million shilling project will include construction of a central power plant, fuel distribution and water treatments systems, an 800- man camp, an air terminal and medical centre."
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Pesa Nane
#12 Posted : Wednesday, March 25, 2015 1:35:48 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:

Atlas Development (AIM:ADSS), the Kenyan headquartered, African focussed support services and logistics company, is pleased to announce that it has been engaged to provide civil engineering supervisory, advanced life support, security and risk advisory services to a European and North African focussed oil and gas company operating in Western Sahara.

The agreement is in line with the Company’s strategy of leveraging its existing profitable operating platform and experience supplying international companies with critical support services and logistics in East Africa, to expand its geographic exposure and profile.

Atlas Development is continuing to pursue its objective of building a leading multi-divisional African support services business. In this regard, the Board has been focussed on implementing a defined growth strategy that includes geographic expansion and increasing capability.

Consequently, the Company has in recent months successfully expanded from Kenya and Ethiopia into Mozambique, Tanzania, Djibouti and now Western Sahara.
Pesa Nane plans to be shilingi when he grows up.
murchr
#13 Posted : Wednesday, April 29, 2015 8:37:07 PM
Rank: Elder


Joined: 2/26/2012
Posts: 14,883
Pesa Nane wrote:
Quote:

Atlas Development (AIM:ADSS), the Kenyan headquartered, African focussed support services and logistics company, is pleased to announce that it has been engaged to provide civil engineering supervisory, advanced life support, security and risk advisory services to a European and North African focussed oil and gas company operating in Western Sahara.

The agreement is in line with the Company’s strategy of leveraging its existing profitable operating platform and experience supplying international companies with critical support services and logistics in East Africa, to expand its geographic exposure and profile.

Atlas Development is continuing to pursue its objective of building a leading multi-divisional African support services business. In this regard, the Board has been focussed on implementing a defined growth strategy that includes geographic expansion and increasing capability.

Consequently, the Company has in recent months successfully expanded from Kenya and Ethiopia into Mozambique, Tanzania, Djibouti and now Western Sahara.


http://www.businessdaily...2/-/brio93z/-/index.html
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
dunkang
#14 Posted : Tuesday, December 01, 2015 3:00:35 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,808
Location: -1.2107, 36.8831
ONE YEAR LATER.....

Atlas Development closes its Kenyan subsidiaries

http://www.capitalfm.co....ts-kenyan-subsidiaries/

Quote:
NAIROBI, Kenya, Dec 1 – Atlas Development and Support Services (ADSS) has decided to close their operations in Kenya and will now place its Kenyan subsidiaries into liquidation by way of a Creditors Voluntary Liquidation.

Receive with simplicity everything that happens to you.” ― Rashi

mlennyma
#15 Posted : Tuesday, December 01, 2015 3:08:50 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,963
Location: nairobi
dunkang wrote:
ONE YEAR LATER.....

Atlas Development closes its Kenyan subsidiaries

http://www.capitalfm.co....ts-kenyan-subsidiaries/

Quote:
NAIROBI, Kenya, Dec 1 – Atlas Development and Support Services (ADSS) has decided to close their operations in Kenya and will now place its Kenyan subsidiaries into liquidation by way of a Creditors Voluntary Liquidation.


system ni ya majambazi
"Don't let the fear of losing be greater than the excitement of winning."
dunkang
#16 Posted : Tuesday, December 01, 2015 3:13:15 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,808
Location: -1.2107, 36.8831
mlennyma wrote:
dunkang wrote:
ONE YEAR LATER.....

Atlas Development closes its Kenyan subsidiaries

http://www.capitalfm.co....ts-kenyan-subsidiaries/

Quote:
NAIROBI, Kenya, Dec 1 – Atlas Development and Support Services (ADSS) has decided to close their operations in Kenya and will now place its Kenyan subsidiaries into liquidation by way of a Creditors Voluntary Liquidation.


system ni ya majambazi

Listed at about 11 bobs, now at sub-2 bobs.
Receive with simplicity everything that happens to you.” ― Rashi

Othelo
#17 Posted : Tuesday, December 01, 2015 3:21:32 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
dunkang wrote:
mlennyma wrote:
dunkang wrote:
ONE YEAR LATER.....

Atlas Development closes its Kenyan subsidiaries

http://www.capitalfm.co....ts-kenyan-subsidiaries/

Quote:
NAIROBI, Kenya, Dec 1 – Atlas Development and Support Services (ADSS) has decided to close their operations in Kenya and will now place its Kenyan subsidiaries into liquidation by way of a Creditors Voluntary Liquidation.


system ni ya majambazi

Listed at about 11 bobs, now at sub-2 bobs.

Wanjiko yawa is being shafted with gava, investment, crooks, fraudsters, manamba yawa smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
Swenani
#18 Posted : Tuesday, December 01, 2015 3:21:52 PM
Rank: User


Joined: 8/15/2013
Posts: 13,039
Location: Vacuum
dunkang wrote:
mlennyma wrote:
dunkang wrote:
ONE YEAR LATER.....

Atlas Development closes its Kenyan subsidiaries

http://www.capitalfm.co....ts-kenyan-subsidiaries/

Quote:
NAIROBI, Kenya, Dec 1 – Atlas Development and Support Services (ADSS) has decided to close their operations in Kenya and will now place its Kenyan subsidiaries into liquidation by way of a Creditors Voluntary Liquidation.


system ni ya majambazi

Listed at about 11 bobs, now at sub-2 bobs.


woi
Poverty is the root of all evil
maka
#19 Posted : Tuesday, December 01, 2015 3:31:34 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,202
Location: Nairobi
Swenani wrote:
dunkang wrote:
mlennyma wrote:
dunkang wrote:
ONE YEAR LATER.....

Atlas Development closes its Kenyan subsidiaries

http://www.capitalfm.co....ts-kenyan-subsidiaries/

Quote:
NAIROBI, Kenya, Dec 1 – Atlas Development and Support Services (ADSS) has decided to close their operations in Kenya and will now place its Kenyan subsidiaries into liquidation by way of a Creditors Voluntary Liquidation.


system ni ya majambazi

Listed at about 11 bobs, now at sub-2 bobs.


woi


Hii market ina wenyewe...
possunt quia posse videntur
Museveni
#20 Posted : Tuesday, December 01, 2015 3:55:23 PM
Rank: Member


Joined: 8/16/2012
Posts: 657
Othelo wrote:
dunkang wrote:
mlennyma wrote:
dunkang wrote:
ONE YEAR LATER.....

Atlas Development closes its Kenyan subsidiaries

http://www.capitalfm.co....ts-kenyan-subsidiaries/

Quote:
NAIROBI, Kenya, Dec 1 – Atlas Development and Support Services (ADSS) has decided to close their operations in Kenya and will now place its Kenyan subsidiaries into liquidation by way of a Creditors Voluntary Liquidation.


system ni ya majambazi

Listed at about 11 bobs, now at sub-2 bobs.

Wanjiko yawa is being shafted with gava, investment, crooks, fraudsters, manamba yawa smile


No wajikus on board here
Quote:
The firm offered 10 percent of its 393.9 million total issued shares for cross-listing on the NSE with price per share set at Sh11.50 with a minimum subscription of Sh1 million per investor.

The firm successfully raised Sh450 million (US$5 million) through a private placement to Kenyan investors after issuing 39 million shares offered solely in Kenya.


Today down a whooping 18% to 1.75 KeS

83% wealth wiped since listing.

Those who invested 1M now it is worth 170K. WoW!
Live and learn; and don’t forget, nothing ventured, nothing gained.
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