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Notification Of Suspension Of Trading In The Shares Of Oando Plc - Business - Nairaland

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SEC Suspends All Trading In Shares Of Oando Over Insider Trading / Under Siege The Battle Of Oando / NSE Suspends Trading In Shares Of 17 Firms (2) (3) (4)

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Notification Of Suspension Of Trading In The Shares Of Oando Plc by froz(m): 10:55pm On Oct 18, 2017
The Securities and Exchange Commission (SEC) has directed The Nigerian Stock Exchange (NSE) to suspend trading in the shares of Oando Plc as follows:

1. Effective for forty-eight (48) hours from today, 18 October 2017 to 20 October 2017, The Exchange should implement a full suspension in the trading of the shares of Oando Plc; and

2. Effective from 20 October 2017 and until further directive, The Exchange should implement a technical suspension in the shares of Oando Plc.

A full suspension is the halt of trading activities in a listed security for a period. A technical suspension is the interruption of price movement in a listed security for a period so that any dealings in the securities which occur during the period of the suspension will not result in any change in price, which change may have occurred had the suspension not been implemented.

In the 48 hour period commencing today, there will be no trading in the shares of Oando Plc. Thereafter, effective 20 October 2017, investors will be able to trade in Oando Plc’s shares but such trading will not result in any movement in the price of the shares.

SOURCE: https://brandspurng.com/notification-of-suspension-of-trading-in-the-shares-of-oando-plc/
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by rodeo0070(m): 6:31am On Oct 19, 2017
Oando should please resolve this their thing na
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by DanielsParker(m): 7:15am On Oct 19, 2017
ok
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by nony43(m): 7:15am On Oct 19, 2017
Noted
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by kay29000(m): 7:15am On Oct 19, 2017
Hmm
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Otapipia: 7:16am On Oct 19, 2017
Buhari

3 Likes

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by ejifranks(m): 7:17am On Oct 19, 2017
B = Buhari
T= Tinubu

Warning shot is all I see
cos there is no fire without smoke
This is no gentle Ebere tease
Depreciate,Destroy, then decapitate the western boa

3 Likes

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by fxbking: 7:19am On Oct 19, 2017
I.C.T Training and Certification, Click here:- http://dimoch.com/stgapply.html
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by capatainrambo: 7:20am On Oct 19, 2017
shame
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by ChangetheChange: 7:21am On Oct 19, 2017
grin grin grin

2019 has begun

From Atiku to Tinubu, Buhari wants to neutralize any threat to his 2019 ambition

5 Likes

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Nobody: 7:23am On Oct 19, 2017
Its now a Fight between Buhari and Tinubu. Serve him right, he forced Buhari on Nigerians, let him also bear some grunts in Buhari administration

10 Likes

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by cupid4ig(m): 7:26am On Oct 19, 2017
Welcome development

1 Like

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Badonasty(m): 7:28am On Oct 19, 2017
froz:
The Securities and Exchange Commission (SEC) has directed The Nigerian Stock Exchange (NSE) to suspend trading in the shares of Oando Plc as follows:

1. Effective for forty-eight (48) hours from today, 18 October 2017 to 20 October 2017, The Exchange should implement a full suspension in the trading of the shares of Oando Plc; and

2. Effective from 20 October 2017 and until further directive, The Exchange should implement a technical suspension in the shares of Oando Plc.

A full suspension is the halt of trading activities in a listed security for a period. A technical suspension is the interruption of price movement in a listed security for a period so that any dealings in the securities which occur during the period of the suspension will not result in any change in price, which change may have occurred had the suspension not been implemented.

In the 48 hour period commencing today, there will be no trading in the shares of Oando Plc. Thereafter, effective 20 October 2017, investors will be able to trade in Oando Plc’s shares but such trading will not result in any movement in the price of the shares.

SOURCE: https://brandspurng.com/notification-of-suspension-of-trading-in-the-shares-of-oando-plc/


Just stifling opposition left,right and center

1 Like

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by lunacol(m): 7:32am On Oct 19, 2017
Tinubu Good morning

5 Likes

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by realnas(m): 7:32am On Oct 19, 2017
This is what happens when you bite more than you can chew, wole tinubu borrowed large sums of money from various banksand raised equity from wealthy investors like dahiru mangal and Mr volpi order to purchase conophillips assets in Nigeria around 2013 .This was done with the believe that oil prices will stay high hence allowing oando to settle it's debt quickly, unfortunately that wasn't the case as a result of the crash of commodity prices that was engineered by Saudi Arabia in order to frustrate shale gas producers in the United States .
Oando has been unable to repay it's debt due to low oil prices and this reflected it's share price that went from 15 naira a share to less three naira burning alot of investors like yours truly in the process.

25 Likes 2 Shares

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by dustydee: 7:34am On Oct 19, 2017
what is the relationship between Bola Tinubu and Oando?
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by GentleYoung(m): 7:34am On Oct 19, 2017
One of the relevant post to make front page in weeks

3 Likes

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Kundagarten: 7:35am On Oct 19, 2017
Laffing at Tinubu in Cantonese.

2 Likes

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by lurther: 7:35am On Oct 19, 2017
Tinubu.........you see your life?

By the time Buhari is done with you and Atiku, you will curse the day you called Goodluck Jonathan a dictator and called Buhari who is the real dictator a saint.

Sheba BBC closed Radio Continental yesterday......This is just the beginning.

We reminder you of how Abiola was messed up by his military Fulani friends, you refused to listen.

Now in our very eyes, they have started with you. Hope they don't take your life like Abiola. Anyway, this was how they started with Abiola, crippled his businesses first, then took his life.

Let the battle begin. Royal Rumble for the Jagaban of Africa and The Fulani Hegemony.

8 Likes

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by gazza07(m): 7:37am On Oct 19, 2017
All I see when I look around me is loose, loose situation for Tinubu.. He tot baba will die for his prodigy to take over, baba still bouncing.. he got his picture removed from APC Secretariat, his title for APC national chairman given to baba, his fight with atiku for APC B.O.T chairman in shatters,his wife nearly got beaten and raped by fierce Dino Melaye, and now Oando shares in tortoise crawl.... Mba nu!! for one person! lwkmd!

Afonjas will still shout Sai baba come 2019. they will forget and vote for baba.. they always forget!

9 Likes

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by masseratti: 7:37am On Oct 19, 2017
realnas:
This is what happens when you bite more than you can chew, wole tinubu borrowed large sums of money in order to purchase conophillips assets in Nigeria around 2013 with the believe that oil prices will stay high hence he will be able to pay off the debt quickly that wasn't the case as a result of the crash of commodity prices that was engineered by Saudi Arabia in order kick shale gas producers in the United States Out of business. Oando has been unable to repay it's debt due to low oil prices and that has been affected it's share price that went from 15 naira a share to less three naira burning alot of investors like yours truly in the process.
thanks for the insight, now I know its not political

7 Likes

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Themandator: 7:39am On Oct 19, 2017
Voodoo management has grounded the company..... 419 wonder boy company

3 Likes

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Henrypraise: 7:39am On Oct 19, 2017
in d coming days more will unfold.... D media will soon tell us dat buhari is investigating d 26b dollar scam alert, hence moves such as suspending oando's shares av to be made for thorough investigation...

1 Like

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by gazza07(m): 7:39am On Oct 19, 2017
dustydee:
what is the relationship between Bola Tinubu and Oando?

google is always there for u or simply, na Tinubu get Oando

2 Likes

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Kundagarten: 7:39am On Oct 19, 2017
masseratti:
thanks for the insight, now I know its not political
Wait until Buhari finds #1Trillion under Tinubu’s bed.
Sense fall on you

5 Likes

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Kundagarten: 7:41am On Oct 19, 2017
dustydee:
what is the relationship between Bola Tinubu and Oando?

Bola Tinubu owns it by proxy.

1 Like

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by ChangetheChange: 7:41am On Oct 19, 2017
Kundagarten:

Wait until Buhari finds #1Trillion under Tinubu’s bed.
Sense fall on you
grin grin grin

Don't mind the guy, he is still one of the few remaining Buhari zombies, senses will soon fall on him

6 Likes 1 Share

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Themandator: 7:42am On Oct 19, 2017
gazza07:
All I see when I look around me is loose, loose situation for Tinubu.. He tot baba will die for his prodigy to take over, baba still bouncing.. he got his picture removed from APC Secretariat, his title for APC national chairman given to baba, his fight with atiku for APC B.O.T chairman in shatters,his wife nearly got beaten and raped by fierce Dino Melaye, and now Oando shares in tortoise crawl.... Mba nu!! for one person! lwkmd!

Afonjas will still shout Sai baba come 2019. they will forget and vote for baba.. they always forget!



Bola Tinubu is not same as Wale Tinubu.... Get fact before rushing to comment.

1 Like

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by ejifranks(m): 7:43am On Oct 19, 2017
masseratti:
thanks for the insight, now I know its not political
Even Atiku's was not political. angryDude was running illegal unconstitutional business since just recently grin. Don't be fooled.

6 Likes

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by ChangetheChange: 7:45am On Oct 19, 2017
Themandator:




Bola Tinubu is not same as Wale Tinubu.... Get fact before rushing to comment.

Oga park one side

They are relations

Wale Tinubu is a nephew to Bola Tinubu

They both own stakes in Oando

3 Likes

Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by lurther: 7:45am On Oct 19, 2017
Wile Tondu is Bola Tinubu Nephew. Bola Tinubu own the company but managed by his nephew wile Tinubu.
Themandator:




Bola Tinubu is not same as Wale Tinubu.... Get fact before rushing to comment.

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