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Atlas Development and Support Services listing in GEMS
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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)
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@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!
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Rank: Member Joined: 11/7/2013 Posts: 127 Location: Nairobi, Kenya
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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)
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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http://www.africaoilfieldlogistics.com/ "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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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
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Rank: Elder Joined: 1/17/2013 Posts: 4,693 Location: Earth
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  Impressive! I am not a stocks guru but I know what's cooking there. Kudos S.W. #following#
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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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! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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.
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Rank: Member Joined: 6/14/2010 Posts: 520 Location: Nairobi
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Listing Price 11.60 Shares to be listed: 393,923,366 Listing is by Introduction
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Rank: Member Joined: 11/1/2013 Posts: 257
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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
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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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
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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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.
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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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
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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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
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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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."
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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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
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Rank: User Joined: 1/20/2014 Posts: 3,528
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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 Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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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 If Obiero did it, Who Am I?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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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
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Rank: Member Joined: 8/16/2012 Posts: 660
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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 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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