okitipupa oil palm plc

[Gbike]

Guys I need some serious advice on this stock. Is it a very good investment oportunity or a bad gamble?

[phoneworks]

Its a penny stock so it depends on what you want. Its good to build for building portfolio

[pesadilla]

a pennystock doesn't translate to a good stock,always invest in companies you know in and out.what do you know about okitipupa oil?if somebody tells you when to buy,who is going to tell you when to sell? i will surgest you do your homework and as for okitipupa, stay clear.there are many fundamentally strong coys out there waiting to do business with you.

[pumping]

Originally Posted by pesadilla

a pennystock doesn't translate to a good stock,always invest in companies you know in and out.what do you know about okitipupa oil?if somebody tells you when to buy,who is going to tell you when to sell? i will surgest you do your homework and as for okitipupa, stay clear.there are many fundamentally strong coys out there waiting to do business with you.

Spot on.

I have never even seen any result from the company this year. Not any year for that matter. Buying such a stock is a gamble. You could make money but why gamble when you can make informed decisions?

[DaInvestor]

okitipupo is what some people can call a dead company. they have not paid dividend in years unless ofcourse they have been sending it to the wrong address. the problem with stocks like these is that u tend to see activity on them when the market is bullish so people tend to trade these shares b ut like in the case of this textile company that just closed down UNTL or so most of these companies are moribond. i suggest u do ur research well b4 investing in these ventures dats not to say if u do invest u cant make moey but i can assure u, u ll have to wait for a buyer like u b4 u can toss it no matter the price. a word is enough for the wise. good luck

[knightofdelta]

Heard that there is a turnaround expert who wants to invest N400million into Okitipupa. Who knows? It could be one of those rumors where people do insider trading and dump useless stocks on unwary investors.

Be careful.
The KOD

[faoogoke]

Originally Posted by knightofdelta

Heard that there is a turnaround expert who wants to invest N400million into Okitipupa. Who knows? It could be one of those rumors where people do insider trading and dump useless stocks on unwary investors.

Be careful.
The KOD

GTBank was reported in a major newspaper to have given loans to the coy in the millions even as new investors have taken over the company with the aim of turning around it's fortune.

[cooldudeng]

I thought if one can get this stock to buy i just checked the activity of this stock. Just 1000units was traded as for today

[jamiescrown]

I read the story about the GT bank given Okitipupa 320million naira for turn around and the foreign inveator Estaport has alos agreed to take up its Right issues when they are issued. I think this is a green light but my concern is the illiquid state of the stock and of course who knows the state of the balance sheet?

[shinacept]

hi,just want to know to know which one is better off investing in,since u guys adviced okitipupa oil is not a good investment n is ellah lakes another stock in dis sector a goog buy or should one just look into another sector?wats your opinion.Lest i forget do u think d loan by GTBank can turn things around for good for okitipupa in the future ?

[riskreturn]

Originally Posted by shinacept

hi,just want to know to know which one is better off investing in,since u guys adviced okitipupa oil is not a good investment n is ellah lakes another stock in dis sector a goog buy or should one just look into another sector?wats your opinion.Lest i forget do u think d loan by GTBank can turn things around for good for okitipupa in the future ?

Whatever is discussed about Okitipupa Oil would largely be just academic, as the shares are not even available to buy. I ordered for few units to be bought since early January but my brokers have still not succeeded. The number of trades in the stock is usually 1 or 2, involving just about 1,000 units - and, on most dayes, there are no trades at all.

[hispy99]

Latest Market Info
OKITIPUPA: YEAR END 2007

OKITIPUPA OIL PALM PLC. 2007 AUDITED ACCOUNT. TURNOVER 07 N214.3M 06 N186.0M

PBT 07 N12.7M 06 N14.3M

TAXATION 07 NIL 06 (N4.48M)

PAT 07 N12.7M 06 N18.7M

[hispy99]

The Punch :: Okitipupa Oil Palm to raise N3.5bn from capital market

[hispy99]

allAfrica.com: Nigeria: Okitipupa Oil Palm to Raise N500 Million From Capital Market (Page 1 of 1)

[hispy99]

Originally Posted by hispy99

Okitipupa Oil Palm to raise N500 million from capital market
Written by Michael Eboh
Friday, 24 October 2008
Okitipupa Oil Palm Plc has announced its determination to expand the scope of its operations and to return to the path of profitability, declaring that it plans to raise N500 million from the capital market to finance its growth plans.

Originally Posted by hispy99

Okitipupa Oil Palm to raise N3.5bn from capital market
By Femi Makinde, Akure
Published: Thursday, 9 Oct 2008
The management of the Okitipupa Oil Palm Limited has said that the company will soon go to the floor of the Nigerian Stock Exchange to raise N3.5bn in order to reposition it.

So which one is it? N3.5B or N500M?

[Salida]

Ondo, Estaport feud over palm oil firm?s management