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Atlas Development & Support Services listing
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littledove
#1 Posted : Tuesday, December 16, 2014 8:33:19 PM
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to list tomorrow on 17/12/2014
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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littledove
#2 Posted : Tuesday, December 16, 2014 8:35:29 PM
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littledove wrote:
to list tomorrow on 17/12/2014

London-listed firm Atlas Development & Support
Services is set to cross-list and begin trading at
the Nairobi Securities Exchange tomorrow, it has
announced.
In a listing statement dated November 14, ADSS
says it will list 393.9 million shares on the Growth
Enterprise Market Segment of the NSE by way of
introduction.
ADSS has priced the offer at Sh11.60 a piece,
valuing the company at about Sh4.57 billion. It is
targeting the oil and gas exploration and
production industries, as well as other extractive
industries such as mining and geothermal energy,
it said in a statement.
The firm – formerly known as Africa Oilfields
Logistics Ltd – is registered in Kenya as a foreign
company. It is listed on the London Stock
Exchange’s Alternative Investments Market
segment.
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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kysse
#3 Posted : Tuesday, December 16, 2014 10:58:12 PM
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Pray
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hisah
#4 Posted : Wednesday, December 17, 2014 7:03:18 AM
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Joined: 8/4/2010
Posts: 8,977
Perfect when oil is on a nosedive streak! This will be on my radar and a definite play for 2015.

Buy fear basket - MSC and this one
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#5 Posted : Wednesday, December 17, 2014 9:19:38 AM
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Joined: 7/11/2010
Posts: 5,040
hisah wrote:
Perfect when oil is on a nosedive streak! This will be on my radar and a definite play for 2015.

Buy fear basket - MSC and this one


my eyes also lit up coz of that. I may take a thorough beating bringing it to a good valuation or under valuation. on MSC take caution, high stakes game esp with gava in there
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#6 Posted : Wednesday, December 17, 2014 12:38:49 PM
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Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Aguytrying wrote:
hisah wrote:
Perfect when oil is on a nosedive streak! This will be on my radar and a definite play for 2015.

Buy fear basket - MSC and this one


my eyes also lit up coz of that. I may take a thorough beating bringing it to a good valuation or under valuation. on MSC take caution, high stakes game esp with gava in there
ADSS is a logistics play. They will work for anyone... Oil prospectors, gold prospectors, gas prospectors, etc ... If they play their cards right, they can grab some of KenGen's geothermal business i.e provide logistics.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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TheGeek
#7 Posted : Friday, December 19, 2014 10:37:41 AM
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Joined: 7/3/2014
Posts: 245
VituVingiSana wrote:
Aguytrying wrote:
hisah wrote:
Perfect when oil is on a nosedive streak! This will be on my radar and a definite play for 2015.

Buy fear basket - MSC and this one


my eyes also lit up coz of that. I may take a thorough beating bringing it to a good valuation or under valuation. on MSC take caution, high stakes game esp with gava in there
ADSS is a logistics play. They will work for anyone... Oil prospectors, gold prospectors, gas prospectors, etc ... If they play their cards right, they can grab some of KenGen's geothermal business i.e provide logistics.



Corporate action: Please note Atlas Development & Support Services Ltd has been suspended awaiting regulatory announcement that Atlas will make in London. under trading rules 9.4.2: (iii) Prior to obtaining a clarification from the company on a report regarding the company which has been brought to the attention of the Exchange.
In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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S.Mutaga III
#8 Posted : Friday, December 19, 2014 11:51:49 AM
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Joined: 3/26/2012
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What is their eps and dividend yield?
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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dunkang
#9 Posted : Monday, March 02, 2015 10:52:47 AM
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Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Atlas Development & Support Services Limited (NSE: ADSS), the African focussed support services and logistics company, announces that it has changed its accounting reference date from 30 June to 31 December. As a result of the change, the Company's reporting calendar will be as follows:

• Audited interim accounts for the six months ended 31 December 2014 will be published during April 2015;

• Unaudited interim accounts for the 12 months ended 30 June 2015 will be published by 30 September 2015;

• Audited accounts for the 18 months to 31 December 2015 will be published by 30 April 2016.

Thereafter interim and annual reports will be published each year for the six months to 30 June and the 12 months to 31 December respectively in accordance with the NSE listing rules.

Carl Esprey, Chief Executive Officer of Atlas Development, said:

“This change has been made to align the reporting periods of all the group companies.”

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

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VituVingiSana
#10 Posted : Monday, March 02, 2015 2:08:59 PM
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I like how these 'foreign' firms operate. There is a timetable to the announcements rather than making us guess when the results will be announced!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#11 Posted : Monday, March 02, 2015 3:17:06 PM
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Joined: 7/11/2010
Posts: 5,040
.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#12 Posted : Monday, March 02, 2015 3:18:56 PM
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There's very low investor interest in this firm. and also very little is known about. I'll dig into it if any interest sparks
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#13 Posted : Monday, March 02, 2015 3:30:02 PM
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Location: Nairobi
Aguytrying wrote:
There's very low investor interest in this firm. and also very little is known about. I'll dig into it if any interest sparks
And that's a good thing for an accumulator. Watch Warren Buffett on IBM. He likes falling prices as long as the (quality) firm is 'performing' ... And he accumulates at cheaper prices.

ADSS will go through a tough phase as oil prices fall and exploration is cut back but I like their expanding regional focus (KE, TZ, ET). Tullow is a major client which has received additional funding to continue exploring (a multi-year process) for crude oil.

I read that ADSS has partnered with a Geothermal driller and seeing how GDC (corruption) may falter, perhaps ADSS can replace GDC and cronies!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#14 Posted : Monday, March 02, 2015 3:40:51 PM
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Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
Aguytrying wrote:
There's very low investor interest in this firm. and also very little is known about. I'll dig into it if any interest sparks
And that's a good thing for an accumulator. Watch Warren Buffett on IBM. He likes falling prices as long as the (quality) firm is 'performing' ... And he accumulates at cheaper prices.

ADSS will go through a tough phase as oil prices fall and exploration is cut back but I like their expanding regional focus (KE, TZ, ET). Tullow is a major client which has received additional funding to continue exploring (a multi-year process) for crude oil.

I read that ADSS has partnered with a Geothermal driller and seeing how GDC (corruption) may falter, perhaps ADSS can replace GDC and cronies!


very true. ill check out the company on London AIMS, to truly know about it. I wonder what incentive made them crosslist here in Kenya
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#15 Posted : Monday, March 02, 2015 10:00:11 PM
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Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Aguytrying wrote:
VituVingiSana wrote:
Aguytrying wrote:
There's very low investor interest in this firm. and also very little is known about. I'll dig into it if any interest sparks
And that's a good thing for an accumulator. Watch Warren Buffett on IBM. He likes falling prices as long as the (quality) firm is 'performing' ... And he accumulates at cheaper prices.

ADSS will go through a tough phase as oil prices fall and exploration is cut back but I like their expanding regional focus (KE, TZ, ET). Tullow is a major client which has received additional funding to continue exploring (a multi-year process) for crude oil.

I read that ADSS has partnered with a Geothermal driller and seeing how GDC (corruption) may falter, perhaps ADSS can replace GDC and cronies!


very true. ill check out the company on London AIMS, to truly know about it. I wonder what incentive made them crosslist here in Kenya

That's the new trend you will see as Kenya's economy 'opens up' with Exchange Controls eliminated, cross-listings allowed and the appetite of local investors for more than the usual suspects.

The new GEMS regime helps firms such as ADSS list on NSE. Kestrel did private placements for Mayfox Mining and Stockport (listed in Toronto) which are expected to list/cross-list on the NSE.

It is also good politics to have local shareholders in the country you do business in e.g. KCB has cross-listed in most EAC countries just as Equity, etc...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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