Hello guys, I bought 12,000 units of shares in Daar communication during their IPO in 2007 as an undergraduate in OAU. Shares certificate was sent to address and my stockbroker open cscs account for me. Now, I am a graduate. I want to sell it in order to raise capital to start my own business. Please, whats the process to sell it? And how is Daar shares doing in stock market? I am totally broke cause I have no job at the moment.

How come Daar shares devalue to that amount? The company is still a leader in media. I bought the 12,000 unit at #60,000 in 2007. I expect it to double by now. And thats my only hope to get capital cause job hunting has been frustrating to me. Please, do anyone know what cause the massive fall of share price?

2cato:
dokpesi and his family don use ur money drink pepper soup. To know how much you are woth just multiply ur total unit by 50k i.e 50k * 12000 unit equal to N6000 naira or less. If you want to know more visit https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/562

Just can't stop laughing at this!!!!! You made my day bro.

@Livingstone2013, it's the truth o. The company is doing very poor in the stock market, as the current market price is 0.50 kobo as against N5 during their IPO. They have been releasing very bad results on all quarter and full year, massive decline in profit year on year, hence market reaction.

The same year I bought AG Leventis for #30 per share. Bought 12000 units. Today AG Leventis is #1. 6k per share.

Daar comm stock is illiquid now meaning no buyers for the stock and it has been like that for over three years.the 12000 unit worth only 6000 naira since the stock valued 50 kobo per share

livingstone2013:
whats the process to sell it? And how is Daar shares doing in stock market? I am totally broke cause I have no job at the moment.

_
Ask your stock Brooker nah. Your story did not tell us that he died.

@Op your own still good nah,alot of people lost their lives in the NSE scam,so sorry you found yourself in this position,it is well..it was when i saw your post that i remember i also bought their shares plus other company shares,i was at the point of getting some loan from the bank when the tension of shares was around that period but i went home think over it again otherwise who knows what would have happen to me by now with BANK LOAN OO

Op,sorry oooo