Costain West Africa - Is it a worthy investment? - Page 2

Gbike · #21 (**permalink**) 12th December 2007, 02:12 PM

at what price are they selling

Apache · #22 (**permalink**) 12th December 2007, 02:17 PM

at =N=13 per share for the PO and =N=11 per share for the rights issue

Gbike · #23 (**permalink**) 12th December 2007, 02:24 PM

do you know how long the offer is open for and how well do you think the stock would do?

newton · #24 (**permalink**) 12th December 2007, 05:28 PM

Closes 31 Dec, same wt the Aiico offer. They'r only offering abt 175m units to the public and it's bound to be oversuscribed, so we'd be looking at allotment issues.

Cedar · #25 (**permalink**) 12th December 2007, 05:35 PM

Quote:

Originally Posted by Gbike

do you know how long the offer is open for and how well do you think the stock would do?

i think the offer will be in the market till the last day of December. and for your second question, i think the construction sub sector would have their hands full in 2008. i heard that world bank is offering Naija some good money for road construction you can also make your personal research and see how well you may want to get involved in the sector.

Gentle Soul · #26 (**permalink**) 12th December 2007, 05:40 PM

Hello, does anyone know how much Costain's PO is going for.Tanx

newton · #27 (**permalink**) 12th December 2007, 05:55 PM

Scroll up... apache's comments

Apache · #28 (**permalink**) 12th December 2007, 06:00 PM

Quote:

Originally Posted by Gentle Soul

Hello, does anyone know how much Costain's PO is going for.Tanx

Haba Gentle soul, it's all over the thread. just read through

chephy · #29 (**permalink**) 12th December 2007, 06:27 PM

Quote:

Originally Posted by Apache

Hi guys,

There's has been a lot of buzz or should i say hype about this company in the press lately. Now, this might be connected to their impending public offer but i do think that this comany has a lot to offer and has some hidden value in it.
I would like y'all to through some insights about the company and share your views on the prospects of this company

i think the offer would open today & then we would all have the prospectus to dissect.a few days patience would do.

newton · #30 (**permalink**) 13th December 2007, 01:31 PM

Find the offer prospectus 4 the costain PO at Vetiva Capital Management » Passionately Professional

Apache · #31 (**permalink**) 13th December 2007, 01:40 PM

Guys,
Finally got the prospectus.
Please dissect and share findings

pumping · #32 (**permalink**) 13th December 2007, 01:54 PM

Quote:

Originally Posted by Apache

Guys,
Finally got the prospectus.
Please dissect and share findings

Again, thanks a lot!!!

BigJay01 · #33 (**permalink**) 13th December 2007, 05:09 PM

does anyone have costain Q2 07 results?

pumping · #34 (**permalink**) 13th December 2007, 05:13 PM

Quote:

Originally Posted by BigJay01

does anyone have costain Q2 07 results?

Costain 6 Months 2007.

Turnover (2007/2006) - 1.497B/1.457B
PAT (2007/2006) - 0.130B/0.676B

nimi23 · #35 (**permalink**) 13th December 2007, 05:32 PM

How come Costain's offer isn't listed under this site's Public Offers? I also checked Proshare and SEC and it is not there too.

BigJay01 · #36 (**permalink**) 13th December 2007, 06:19 PM

Quote:

Originally Posted by pumping

Costain 6 Months 2007.

Turnover (2007/2006) - 1.497B/1.457B
PAT (2007/2006) - 0.130B/0.676B

they have Q1 07 result on NSE website as follows

Turnover (2007/2006) N772.6m / N344.4m
PAT (2007/2006) N116.5m / (N205.0m)

which means that PAT increased by N13.5m only. My concern is
it still leaves them with N384m (~75%) to make up the forecast of N514m by the end of their year.

Did anything dramatic happen that would have affected their bottom line between Q3 and Q4?

Does not look good in the short term

More insights please

trustboy · #37 (**permalink**) 13th December 2007, 07:19 PM

Can someone please advise me how to buy the rights offer. I have read the Prospectus and cannot find an application for the rights offer.