| IPO Details |
| Company Profile |
| Summary of the Offer |
| Important Highlights |
| Important Dates |
| Advisers and Vendors |
| Historical Financials |
| IPO Prospectus |
| In the News |
| Name | Costain West Africa plc |
| Security Type | Ordinary |
| Ticker | COSTAIN |
| Reuters Code | |
| ISIN | NGCOSTAIN006 |
| Number of Employees | 1,942 |
| Address | 174 Funso Williams Avenue |
| Formerly Western Avenue Ebute-Matta | |
| Lagos, Nigeria | |
| Website | www.costainwa.com |
| Phone | +234-01-7748540 |
| Fax | +234-01-5801879 / 01-5852507 |
| info@costainwa.com | |
| Nature of Business | Costain West Africa Plc was incorporated in 1948 as a private company in Nigeria to take over various works then being undertaken in Nigeria by the building department of John hold and Company (Liverpool) Limited. Costain West Africa Plc's establishment in Nigeria was spearheaded by Richard Costain West Africa Plc Limited (Now known as Costain West Africa Plc Group Plc (UK)), which had established a world-class reputation in building and civil engineering, open-cast mining, dredging and other construction related activities. Leveraging on the experience and strength of the Costain West Africa Group Plc (UK) ("Costain West Africa Plc UK") activities world-wide, Costain West Africa Plc (West Africa ) Plc has over the last 59 years executed a wide range of building and civil engineering projects throughout Nigeria for the Federal Government, State Governments and private organizations. The considerable experience of its consistently deliver excellent construction services to its clients and rapidly transform itself into one of the frontline construction companies in Nigeria. The company went public on the 13th of March, 1974 and its shares were subsequently quoted on the Nigeria Stock Exchange. |
| Offer Type | Public Offer |
| Offer Method | Offer for Subscription |
| Purpose | |
| Utilization of Proceeds | |
| Target Investors | |
| Par Value of each share | NGN 0.50 |
| Authorised Share Capital | 1,500,000,000 |
| Fully Paid Share Capital | 159,920,000 |
| Shares Offered for Sale | 178,162,966 |
| % of Fully Paid Shares Offered for Sale | 111.41% |
| Offer Price per Share | NGN 13.00 |
| Price Earning (PE) Ratio at Offer Price | -- |
| Dividend Yield at Offer Price | -- |
| Offer Open Date | Wednesday, Dec 12, 2007 |
| Offer Close Date | Monday, Dec 31, 2007 |
| Allocation Begin Date | Monday, Jan 14, 2008 |
| Allocations End Date | Monday, Feb 25, 2008 |
| Results of Allocation Announced | Monday, Mar 03, 2008 |
| Crediting of CDS Accounts with Shares | Thursday, Mar 13, 2008 |
| Dispatch of Share Certificates | Thursday, Mar 13, 2008 |
| Dispatch of refund checks (if applicable) | Monday, Mar 03, 2008 |
| Commencement of Trading on Nigeria Stock Exchange | Thursday, Mar 13, 2008 |
| Key Numbers | |
| Fiscal Year End | 31st March |
| Currency | Nigeria-Niara (NGN) |
| Sales (in millions) | 6,947.76 |
| 1 Year Sales Growth | +75.73% |
| Annual Income Summary (in millions except EPS data) | ||||
| March 31, 2009 | March 31, 2008 | March 31, 2007 | March 31, 2006 | |
| Sales | 6,947.76 | 3,953.66 | 3,016.40 | 1,111.76 |
| Pre-Tax Income | -574.79 | 380.52 | 147.60 | -1,279.21 |
| Net Income | -615.12 | 353.22 | 141.30 | -1,279.21 |
| Average Shares | 1,084.38 | 159.92 | 159.92 | 159.92 |
| EPS | -0.57 | 2.21 | 0.88 | -8.00 |
| Total DPS | -- | -- | -- | -- |
| Quarterly Income Summary (in millions except EPS data) | ||||
| -- | -- | -- | -- | |
| Sales | -- | -- | -- | -- |
| Cost of Goods | -- | -- | -- | -- |
| Gross Profit | -- | -- | -- | -- |
| Pretax Income | -- | -- | -- | -- |
| Net Income | -- | -- | -- | -- |
| Average Shares | -- | -- | -- | -- |
| EPS | -- | -- | -- | -- |
| Annual Balance Sheet Summary (in millions) | ||||
| March 31, 2009 | March 31, 2008 | March 31, 2007 | March 31, 2006 | |
| Cash & Equivalents | 2,784.60 | 46.14 | 97.45 | 92.12 |
| Total Current Assets | 8,259.33 | 2,872.02 | 1,442.85 | 1,048.83 |
| Total Liabilities | 5,532.03 | 5,577.53 | 3,840.52 | 3,542.01 |
| Share Holder Equity | 8,692.29 | -932.38 | -1,288.42 | -1,429.72 |
| Long Term Debt | -- | 1,144.81 | 1,150.74 | 825.48 |
| Annual Consolidated Cash Flow (in millions) | ||||
| March 31, 2009 | March 31, 2008 | March 31, 2007 | March 31, 2006 | |
| Net cash flows generated from (used in) in operating activities | -1,468.15 | -737.30 | 23.60 | -281.32 |
| Net cash flows generated from (used in) in investing activities | -2,886.00 | -819.46 | -157.53 | 217.09 |
| Net cash flows generated from (used in) in financing activities | 8,641.18 | -147.05 | 171.05 | -123.71 |
Costain West Africa plc Abridged Prospectus |
| Costain West Africa plc |
|
Costain West Africa plc Full Prospectus |
| Costain West Africa plc |
|
Costain West Africa plc Rights Circular |
| Costain West Africa plc |
| Appointment of new Chairman |
| Costain West Africa plc - 23 Nov, 2007 |