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Costain West Africa appreciates by over 800 percent in 4 months.

April 27th, 2007 Ogbuotobo Chuks || chuks@stockmarketnigeria.com

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By Ogbuotobo Chuks

Things are indeed looking bright for Costain West Africa plc as the company recorded a share appreciation from about N1.60 in January 2007 to N10.35 in April of the same year.The company during the same period also had a management restructure which saw a foreign based US firm acquired 45 percent stake in the company.

Only recently, the company has been linked with some series of construction contracts that if and when executed would boost their profits. Some include the buliding of a 1.5 million litres storage tank reputed to be the biggest in Nigeria, likely construction of about 3 seperate estates in NLNG Bonny amongst others.

Costain WA was the first construction company to be listed in the Construction sub-sector of the Nigerian Stock Exchange.

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Comments

One Response to “Costain West Africa appreciates by over 800 percent in 4 months.”

  1. Onyekaonwu Ken on August 21st, 2008 7:49 pm

    please what is the future holding for COSTAIN? is it a good buy now? Thanks

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