Thisday Reports the Computer Warehouse Group is planning to list in the Nigerian Stock Exchange in November 2013. According to the paper the company will be listing 2.5 billion shares of 50 kobo each on the exchange at a price of N5.48 per share, translating to a market capitalisation of N13.7 billion.
They also quote an analyst as saying the company has posted an average return on Equity of 30% between 2008-2012.
“CWG has had a very successful history operating privately as a pan-African ICT company. Now it is moving to a new level and it is a good opportunity for members of the investing public to acquire the shares and enjoy significant return on their investments,” the source said.
In terms of return on equity, CWG is said to have posted an average return of 30 per cent between 2008 and 2012.
Computer Warehouse Group operates through three divisions CWL Systems, DCC Networks and ExpertEdge Software. The company provides VSAT, Metropolitan, Wide Area Area Network (VSAT), Metropolitan Area Network (Micro Wave Radio) and Local Area Networks (Structure Cabling), softwares, routers, training services etc. to corporate organisations including banks. It has been in operations since 2005 as a group. Some of their partners are IBM, Cisco, Dell, Microsoft, HP etc. The company was founded by Austin Okereke.