₦airaland Forum

ufotty2001:
please, I thought that before year end financial statement will be release! Banks/ Companies will first of all call on AGM of all shareholders to look into the statement.. All banks are yet to call on AGM excluding fcmb on the 11th march .. ? Banks such as zenithbank, gtbank, and access bank will release good results!!

Raider76:
People use the rules to manipulate. Why should a stock that closed on bid yesterday open 5% lower today, just because some people are allowed to bid what they want before full market open?

stokfrick:
Exactly my thoughts! They make the rules such that they can exploit it to suit themselves. Just look at d very strong bid right now on DAT stock. Yet it can't even move. That's d height of manipulation!! And some one is here talking of rules!!

Raider76:
But why are they keeping the price band so narrow? You can't bid more than N0.90. Are some people holding it low so they can accumulate first?

passwelle:
Very well said Sir. But watch this space, I am very optimistic. Things will change in our land in that regards. With a revitalized EFCC, ICPC, FIRS, and BVN in place in the financial services sector (with Banks flagging cash deposits and withdrawals). Things will no longer be business as usual

hotcake:
True but don't forget that is barring corruption.

DeRuggedProf:
Fayemi's portfolio

Elai147:
The demand and supply thing was artificially created. They have the price where they want it and are now ready to bid it up to where they want it before stabilizing the price. The men in black were responsible for more than 80% of the huge offers we have been witnessing in the past week. They started reducing the offers over time thereby creating an artificial display of gradual interest in the stock as offers were reducing and then all of a sudden, and on a Monday morning, offers disappeared completely and the stock is on full bid. They didn't clear the offers on ground. They made the offers disappear by opening the price at the usual -5% during pre-open but unlike before, after the stock opened at 5.71, there were no new offers at a further -5% as we witnessed throughout last week. People didn't adjust their offer prices (N5.71) by a further -5% before the bid started coming in just immediately after pre-open. Those who have the bravery to enter now may benefit from uncle Wale's attempt to stabilize the price. Some may find it dificult to break-even unless you are "audacious" enough to average up . This is just my observation.

Manonamission:
Actually, ref price is N5.71. You can only bid +/- 5% of this price.

currentprice:
see as people bidding OandO they rejected last week with over 50 million offer

human really funny

PETERiCHY:
The kind of debts and fine that OANDO is owning I dont think Federal Government can afford it.
I bite the bullet on first week of Sept but I'm better off now.
Dont worry by july 2016 when they are through with their share reconstruction couple with all their yeye forward looking statements we go come back.

FranklinRich:
"Those in that bus" kee!! Oga seems like you have sold your oando!! Na wa ooo after all the preaching about "safe heaven". I hope you told people when you were selling.

benedictnsi:
If you don't believe in miracles, you die in obstacles...... -- Benson idahosa

angelo82:
No reasonable person will buy 60M units of a stock without a motive................

davide470:
Lol. Sir, has one put in a bid ever in the last 52 weeks for one not to have gotten an offer?

davide470:
Company that recently gave a 30kobo dividend for a 50kobo stock. c60% dividend yield. Lol. The "beauty" about it, is that the free float can be compared to that of Forte Oil, which as you know has made some people smile a lot

Also, RAK Unity is a "silent subsidiary" of Sahara Group and Sahara is entering the market next year. Do the maths.

#MyVeryPersonalView. #NotaRecommendation

angelo82:
This JSE get as e be.............33% in a trading day.........Does that even make sense?...........

bigass:
Oando gained 33% in Johannesburg market today.

PETERiCHY:
Stop loss is meant for short term traders, if not I would advice him to starve his loss by averaging down since the price is low.
I bought my OANDO btw N32 and N9:20k my average currently stood @ N13:28k after 14months of waiting game.

spicytayomic:
Too bad, Morgan needs to work on its customers relation. Am sure not all its customers got this information