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  #1 (permalink)  
Old 21st February 2007, 02:09 PM
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Default Eterna oil

i ve been taking note of the stock price of eterna oil recently seems to be some restructing going on as the stock price has been on the rise as at 10.39.Read in the papers of an impending IPO .Do you think i should buy now or wait till the IPO.
comments pls.
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  #2 (permalink)  
Old 22nd February 2007, 01:32 PM
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Turnover has grown from N200million to N3billion in 2006. That's a good sign since they changed mannagment and have undergone restructuring.

There lowest price this yr is N3.00 and as yessterday N10.90. Returns over a 12 month period is 316.03% and over a 3yr period is 500.58%.

As far as I can see this is a good buy.
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Old 22nd February 2007, 05:28 PM
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What sort of restructuring turns a N200m generator into a N3bln one!

What part of the Oil and Gas industry are they primarily operating in?
Is this abnormal growth sustainable or just caused by one off items like selling of assets?

Like all of us, I like a good quick trd, but buying into their IPO requires these questions be answered. They could simply have window dressing for the IPO!

Please provide the Prospectus when its released
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Old 22nd February 2007, 07:04 PM
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Default Daily Trust News

Quote:
Elumelu Urges Support for Eterna Oil
http://allafrica.com/stories/200702150712.html


I hope this helps somewhat?

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Old 22nd February 2007, 07:09 PM
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Default Rebranding


Anyone with access to their financials?

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Old 22nd February 2007, 07:13 PM
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Default The Punch

http://www.africanfinancialmarkets.c...p?NewsID=17501



This is obviously last year's info, but reports their progress.



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Old 22nd February 2007, 07:24 PM
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yeah, thanks for all the info. But from my limited knowledge of the stock market, making money is all about buying low and selling high. Obviously, Eterna's progress has been magnificent. But the question is this: What's the guaantee that one isn't buying at the peak i.e. how can one be sure that the price wouldnt start a steep slide tomorrow?
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Old 1st March 2007, 12:18 AM
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Default Raising Funds

Here is some indication as to why there is a positive price movement.

as

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Old 5th April 2007, 07:05 PM
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I suggest you buy a few units now if you can
When the IPO does come out you will be able to buy more at a lower price through a rights issue
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  #10 (permalink)  
Old 17th May 2007, 09:52 PM
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Default right offer n not IPO

What ethanal oil is offering is Right offer and not an IPO, atleast that is what we have on the blog of this site.
if there is IPO coming, someone shld please give me more info
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  #11 (permalink)  
Old 18th May 2007, 09:46 PM
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well you are right.

what they are offering is the a rights issue...very annoying if you ask me.

well i think we should just try and get in via the secondary market before the the issue is out.
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Old 10th October 2007, 10:53 PM
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Thumbs up Allotment issue

after the allotment has been concluded the excess fund will be returned after hw many month.SEC shld do something like paying certain % on returned fund.
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  #13 (permalink)  
Old 27th October 2007, 04:50 PM
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Default fundamentals of Eterna OIL

hi
when enterna oil should open
its new fublic offer?
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Old 27th October 2007, 05:20 PM
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Default

Quote:
Originally Posted by AMINU USMAN MUHAMMED View Post
hi
when enterna oil should open
its new fublic offer?

It will be better to ask the question in the existing thread below...

Eterna oil
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Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

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Old 17th November 2007, 07:52 PM
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Default scarce info

is Eterna oil a good buy, anyone with current information or calculation
most of those posted by stockbear have been removed for copyright infringement

help..
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  #16 (permalink)  
Old 20th February 2008, 08:51 PM
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Default fundamentals of Eterna OIL

I need information on the future prospects of ETERNA OIL? Any ideas
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  #17 (permalink)  
Old 14th March 2008, 05:36 PM
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Future prospects... oil stocks can swing always, if they get key supply contracts then ... d sky is d limit but if not, it'l be around the current price 4 long.
Certainly there makin a loss 4 yr end07, but they seem 2 want 2 approach d market again.
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Old 15th March 2008, 07:30 AM
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Default contact detail

can anyone give me a working telephone number for Wema Registrar Limited,
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Old 17th March 2008, 05:22 AM
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2007: Eterna Oil May Record Loss

THISDAY ONLINE

Report also states that company may do another PO
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  #20 (permalink)  
Old 17th March 2008, 11:26 AM
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Default Careful!

Bros,

did u just say u saw their audited figures...?

they doin an offer later this year, wd declare a loss but might just give a bonus as incentive.
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