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NTHC Horizon Fund: (GH¢) |
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Date:
Thursday,
November 13, 2008 |
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Price: |
GH ¢0.1297 |
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price change to date: |
GH ¢0.0272 |
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Year to date return: |
26.50% |
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Major Trading Currencies |
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Date: Wednesday,
November 19, 2008 |
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Forex Rates: Ghana Cedi (GH¢) |
|
Currency |
Buying
|
Selling
|
|
USD |
1.1786 |
1.2095 |
|
POUND |
1.7900 |
1.9209 |
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EUR |
1.5064 |
1.5827 |
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Inter
Bank Rates: Ghana Cedi (GH¢) |
|
Currency |
Buying |
Selling |
|
USD |
1.1563 |
1.1862 |
|
Pound |
1.7285 |
1.7743 |
|
EUR |
1.4439 |
1.4815 |
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Treasury Securities Rates |
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Mon-Fri, November 17 - 21, 2008 |
|
Period |
Discount Rates |
Interest Rates |
|
91 - Day |
23.24% |
24.68% |
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182 - Day |
23.22% |
26.26% |
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1Year Note |
-% |
20.00% |
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2 - YR Floating Rate |
-% |
-% |
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2 - Yr Fixed Rate Note |
-% |
21.00% |
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3 - Yr Floating Rate Bond |
-% |
% |
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3 - Yr Fixed Rate Bond |
-%
|
%
|
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NTHC Track Record
|
Year |
Client |
Assignment
|
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2005 |
Standard Chartered Bank Ghana Limited |
Issuing and
Floating GHC 91.5 Billion Irredeemable and Non-Cumulative Preference
Shares. |
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2005 |
General Leasing & Finance Company Limited.
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Valuation and Private Placement of Shares
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2005 |
Golden Web Limited |
Lead Manager for the formal listing of Golden Web Limited,
(vegetable oilseed processing company) on the Ghana Stock Exchange
in August 2005.
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2004 |
Golden Web
Limited
|
Provisional Listing of Golden Web Limited on the Ghana Stock
Exchange.
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2004 |
Government of
Ghana |
Initial Public
Offering of Benso Oil Palm Plantation Limited (BOPP): Valued the
Company and prepared prospectus. NTHC Limited sold Government’s 40%
interest in the Company valued at USD8.0 Million. Shares were
over-subscribed by over 173%.
|
|
2004 |
Anglo-Gold
Ltd. and Ashanti Gold Ltd. |
Co-Sponsors
for the merger of Ashanti Goldfields Company Limited and Anglo-Gold
Limited and listing of USD1.42 million worth of shares of Anglo-Gold
Ashanti Limited on the Ghana Stock Exchange. NTHC acts as Registrars
and has also been appointed as Depositary of the Company.
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2004 |
Clydestone
Ghana Limited
|
Lead Manager
for the formal listing of Clydestone Ghana Limited on the Ghana
Stock Exchange in May 2004. The shares were over subscribed by 57%.
|
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2003 |
Donewell
Insurance Company Limited |
Created and
implemented a platform/scheme for share movement
|
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2003
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Government of
Ghana |
Privatization
and sale of 40% of Government’s interest in Cocoa Processing Company
(CPC) NTHC was the Lead Manager, Sponsoring Broker and Underwriters
for Share Flotation on the GSE and Registrars for the Company. USD25
million was raised for the Government of Ghana.
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2003
|
Produce Buying
Company Limited (PBC) |
Advised and
valued a share Buy Back Scheme for PBC Shares effectively creating a
successful market for the price.
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2002
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Sam Woode
Limited (SWL) |
Lead Manager
and Underwriters for Share Flotation and Sponsoring Broker for the
Listing on the GSE and Registrars.
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Year |
Client |
Assignment
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2002 |
Government of
Ghana |
Produce Buying
Company Limited: Lead Manager, Underwriters for Share Flotation and
Sponsoring Broker for the Listing on GSE and Registrars. An amount
of ¢192 billion was raised for the Company.
|
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2000 |
Donewell
Insurance Company Limited (DICL)
|
Private
Placement of Shares.
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1999 |
Western
Castings (Ghana) Limited |
Corporate
Advisory Services to determine the investment market value of the
Company on behalf of the shareholders.
|
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1998/9 |
Metalloplastica (Ghana) Limited (MGL) |
As the
Sponsors and Market Makers of MGL on the GSE, NTHC was appointed to
place additional shares worth ¢2.16 billion as Rights and
successfully listed all the shares on the GSE.
|
1998 |
Aluworks
Limited |
NTHC concluded
a four-year long Rights Share issue involving ¢5,940 million and
successfully sponsored the listing of all the shares on the Ghana
Stock Exchange.
|
|
1989/1990 |
Fan Milk
Limited |
Sponsored for
listing on the Ghana Stock Exchange and acted as Market Makers for
the Company. As Corporate Advisors/Registrars and Lead Managers,
NTHC raised over ¢191 million for Fan Milk Ltd. through a successful
public Flotation in which NTHC provided 100% underwriting.
|
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1998 |
Consumer
Credit Limited |
Share
valuation and restructuring of the Company to determine clearly the
respective shareholding of Social Security and National Insurance
Trust and SSB Bank Limited (now SG-SSB Bank LtdBank LtdBank LtdBank LtdLimited)
|
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1997 |
Subri
Industrial Plantations Limited |
Comprehensive
corporate and financial advisory services to value Ghana
Government's equity investments in the Company, valuation of entire
fixed and plantation assets, strategic investor search and
preparation of documentation for eventual divestiture of the
Company. Secondly to assist in realizing the corporate objectives of
the Board in setting up an integrated Pulp and Paper Mill to exploit
the Multi-purpose-cultivated industrial plantation.
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Year |
Client |
Assignment
|
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1996 |
Aluworks
Limited |
Assisted in
the incorporation of Aluworks; organized private placement of the
Company’s shares; handled the rights issue and arranged 3.6 million
rights issue to shareholders. Co-managed and co-sponsored the
restricted placement of shares valued at ¢6.75 billion. As
Co-Managers, NTHC raised over ¢3.3 billion for Aluworks Ltd. in
public Flotation and sponsored Aluworks Ltd. for listing on the
Stock Exchange. NTHC is the Market Makers and Managers of the
Aluworks Ltd. Share Re-purchase Scheme.
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1995 |
Ghana
Commercial Bank |
Valuation of
Financial Assets of GCB in line with their divestiture.
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1990 |
Standard
Chartered Bank Ghana Limited
|
Sponsored for
listing on the Ghana Stock Exchange and acted as Market Makers for
the Flotation of shares.
|
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1990 |
Metalloplastica Limited |
Sponsored for
listing on the Ghana Stock Exchange and acted as Market Maker for
the Company.
|
|
1989 |
Fan Milk
Limited |
As Corporate
Advisors/Registrars and Lead Managers, NTHC raised over ¢191 million
for Fan Milk Ltd. through a successful public Flotation in which
NTHC provided 100% underwriting.
|
|
1986 |
Accra Hotels
Limited |
Successfully
raised ¢40 million through private share placement for Novotel Hotel
Project that brought Ghana Airways into the Accra Hotels Ltd.,
owners of Novotel.
|
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1981 |
National
Investment Bank Limited |
Provided
preliminary corporate advisory services for the Flotation of
National
Investment Bank.
|
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1978 |
Aluworks
Limited |
As the Lead
Managers and Registrars, NTHC successfully raised nearly ¢1.0
billion equity capital for Aluworks Ltd. during its formative year.
|
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1978-1994 |
Government of
Ghana |
Appointed by
the Ghana Government as Trustees to hold and manage on behalf of the
State, shares transferred and confiscated in over 18 companies.
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1976-1990 |
Government of
Ghana |
Provided
over-the-counter share trading before the establishment of the Ghana
Stock Exchange.
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