Costain West Africa - Is it a worthy investment?

[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

[Apache]

Also, can anyone help with information regarding their number of issued shares and the month of their financial year end

[yodiyokun]

Originally Posted by Apache

Also, can anyone help with information regarding their number of issued shares and the month of their financial year end

Stocks That Can Make You Rich In 2007 - Nairaland

You can check out that link for some details - not sure if its reliable enough but its a start.

Year end is in march I think.

[Apache]

Originally Posted by yodiyokun

Stocks That Can Make You Rich In 2007 - Nairaland

You can check out that link for some details - not sure if its reliable enough but its a start.

Year end is in march I think.

Thanks yodiyokun

One key message i got from the link is that the company has no plans to pay dividend for this financial year. I think buying from the PO would be better since it will be given at a discount. It's just that one can't tell how high the current price will rise before it is placed on technical suspension.
Moreover, from the FSDH site, it says their year end is September. I guess they will want to use their year end result to boost the figures for their upcoming offer

[yodiyokun]

Originally Posted by Apache

Thanks yodiyokun

One key message i got from the link is that the company has no plans to pay dividend for this financial year. I think buying from the PO would be better since it will be given at a discount. It's just that one can't tell how high the current price will rise before it is placed on technical suspension.
Moreover, from the FSDH site, it says their year end is September. I guess they will want to use their year end result to boost the figures for their upcoming offer

I dont think FSDH has the right Information on Yr end.

Their publication in Businessdayonline says march

[pumping]

Originally Posted by yodiyokun

I dont think FSDH has the right Information on Yr end.

Their publication in Businessdayonline says march

Yes, I believe March 31st is correct. I verified the information with multiple sources.

[Apache]

so what do you guys think about this stock? all indications are pointing towards a "buy". is there any onfo that contradicts this?

[Betiku Franklin Olugbenga]

[quote=Apache;6382]so what do you guys think about this stock? all indications are pointing towards a "buy". is there any onfo that contradicts this?[/ AQUOTE]

Yes buying into constain looks to be a good deal if all the outstanding contracts they claim to have is true but i would really prefer to deal on the secondary market, that is take possition before the P.O. comes out. Problem is, no one knows if the current rally will continue and if will drop before the P.O i think it is good for 16-17 naira on the floor.

[Betiku Franklin Olugbenga]

[quote=Apache;6382]so what do you guys think about this stock? all indications are pointing towards a "buy". is there any onfo that contradicts this?[/ AQUOTE]

Yes buying into constain looks to be a good deal if all the outstanding contracts they claim they have is true but i would really prefer to deal on the secondary market, that is take possition before the P.O. comes out. Problem is, no one knows if the current rally will continue and if will drop before the P.O i think it is good for 16-17 naira on the floor.

[Betiku Franklin Olugbenga]

[quote=Apache;6382]so what do you guys think about this stock? all indications are pointing towards a "buy". is there any onfo that contradicts this?[/ AQUOTE]

Yes buying into constain looks to be a good deal if all the outstanding contracts they claim they have is true but i would really prefer to deal on the secondary market, that is take possition before the P.O. comes out. Problem is, no one knows if the current rally will continue and if it will drop before the P.O i think it is good for 16-17 naira on the floor.

[Apache]

Just placed an order for some quantities. I don't think the price might come down to the 16-17 naira you are thinking. the publicity in the papers is not helping matters bcos the price is just rising. I hate getting into a stock when the price is rising but i guess i don't have a choice. this one is long term for me.

[balaliyu]

Apache bro...you always have a choice. In this case, you can wait until the frenzy subsides, or buy off the PO since its ong term for you. Its your cash, its your call.....& we always have choices. Dont forget that.

[Apache]

I think the main point i wanted to get is if it is a good buy which has already been established, and if buying at the current price will be too high in terms of PEs and other technical valuations.

[skyl]

I am a new investor and I will really need the support and suggestion from the members to direct me on stocks to buy. I already have a broker but some time I don't want to 100% depend on them. I need ur advice

[Apache]

The share price of Costain has been suspended on the exchange and they are coming out with a public offer of =N=13 and a rights issue of =N=11. Can't mait to see their prospectus. I think this is one offer i will definitely participate in

[shakasha]

Please does any one have an idea of the exact date Costain is coming out? I've been hearing this public offer for a long time?

[Apache]

I heard they had some issues with SEC and the offer document was not approved. They have been sent back to rework and tidy up some issues raised by SEC hence the delay.