SMN 5 Stocks:BENUE CEMENT COMPANY PLC
March 24th, 2007 Ogbuotobo Chuks || chuks@stockmarketnigeria.com
By Ogbuotobo Chuks
Nature of Business: Manufactures of Cements.
Head Office Address: Km 72, Makurdi-Gboko Road, Tse-Kucha-Mbayon, P.M.B. 063, Gboko, Benue State.
Website: None
Date of Incorporation: 16th July, 1975
Date Listed on the Lagos Exchange: 8th April, 1991
Auditors: Oyediran, Falaye, Oke & Company (Chartered Accounts), 130 Kashim Ibrahim Road, Makurdi, Benue State.
End of Accounting Year: 31st of December.
BRIEF HISTORY
For what it is worth, Benue Cement company came into the limelight when it was bought over by Alhaji Aliko Dangote.The company has embarked on several turn-key projects and is already reaping some good benefits. We will start a detailed analysis next week so stay tuned.
To wet your appetite, the share price rose from N5.00 in July 2006 to about N60 in February 2007, an increase of about 1000 percent in less than a year.
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