Quote:
Originally Posted by babatunde akinyemi
I bought japaul at 7.20 on hearing that they will soon be doing a po. My expectation was that they will buy up their shares to create artificial price appreciation. Now at =N=4.00 am I not in trouble, seeing that being a small company they may be undersubscribed ? What do the gurus think.
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you are notin trouble at all.
with the effect japaul oil pull from 90kobo to 7naira, i dont think they will be undersubscribe.
they have a good report of about 180%improvement from previous year.
i also bought at the price as u did.
the moment after conclusion of the PO,before the new shareholders (i.e those that bought po)_ got their certificate, the price will rise sharply due to scarcity, then you might be able to sell at 15naira. after the release of the cert, the price will drop, a balnce will be reached before another report will cause price appreciation.
so be cool with japauloil,they will do well