Modupe Gbadeyanka
By Modupe Gbadeyanka
Nigerians have been advised to key into the ongoing Initial Public Offering (IPO) of Skyway Aviation Handling Company (SAHCO) Plc because they are sure of better return on their investment.
Speaking recently at the firm’s fact behind its IPO at the Nigerian Stock Exchange (NSE), Managing Director/Chief Executive Officer of SAHCO, Mr Basil Agboarumi, said the company was beyond liquidity challenges as it had grown revenue by over 100 percent since its privatisation.
Mr Agboarumi, who was represented by the company’s Executive Director in charge of Sales and Marketing, Mr Olaniyi Adigun, explained that the sale of the IPO will give Nigerians the opportunity to participate in the firm’s growth story, improve the liquidity and tradability of the company’s shares, increase its visibility in the Nigerian market as well as broaden SAHCO’s access to capital in order to fund the company’s future growth initiatives.
“SAHCO has the best asset base, cash flow and a confident management and we have grown our revenue by more than 100 percent.
“Liquidity is not a problem at SAHCO as we believe that we can do the right things. We are not there yet but we believe that we will keep churning out innovations in our business model in the long term.
So I encourage investors who want to invest, to invest in the company’s shares,” the MD/CEO said at the event.
Also speaking at the briefing, CEO of NSE, Mr Oscar Onyema, commended SAHCO for listing its shares on the local bourse.
“We are pleased that SAHCO has chosen to use this platform to further inform the market of this ongoing transaction and other strategic and corporate developments,” he said.
