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Hi,
Nigerian Wire and cable, a stock that has been in the gallows in the past 3 years at least has suddenly started rising to unexpected heights. the opening price this year was around .50k the stock has risen to N5 with a 2 - 3 week period. what is responsible for this rise? can anybody enlighten us? |
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Hi Dotunk,
This has been discussed under another thread, check it out-- engineering technology. However the company is in liquidation as it owes GTB and FBN I think 200m but because of the bullish market it has been rising for some strange reasons. |
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thanks alanbow,
i have gone thruogh the engineering thread and have been educated on the company. infact i thought i could make some quick money from the price increase and quickly divest from the company but i see thats not possible. thanks sha! |
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Please anyone in the house know if it was Nigerian Wire and Cable that was mentioned in Meristem's report of the stock being placed on technical suspension for a rights issue of 1.50k. I will appreciate a response from anyone in the house.
Kind Regards. |
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Might be Nigerian Wire, not Nigerian Wire and Cable
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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Is there a diff?
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Hello,
Does any 1 have any new on Nigerian Cable and Wire ![]() |
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