Afroil

[oghena Godfrey]

why is the price of afroil plc falling everyday?

[oghena Godfrey]

Originally Posted by oghena Godfrey

why is the price of afroil plc falling everyday?

why is the share price of afroil plc falling everyday?

[Taipan]

Recently, i heard rumours that afroil is bringing on board new management with the implication that the stock might be making a comeback. I was also told that institutional investors are now monitoring the company which is always an indication that something good might be happening.
Please has anyone heard any news to this effect? If it's true, we might be inline for making the coup of our lives!

[ghm]

All,

Let all hand be on deck as we confirm this rumour, It is a sign of a boom if they are true. Remember the earlier you enter the greater the kill....

[bwalaman]

Thanks for the tip...

Any views on Japaul ?

[Taipan]

I bought some Japaul shares during the IPO about 2yrs back at N2.20 and then watched it slide to 90k last year. Of cos many were dismayed and began to sell their stocks but I started buying aggressively in order to reduce my average price per unit since I knew that the low share price was just an issue of technicals. Well I believe I'm being proved right! The company really has prospects what with govt. policy and the share price is really moving up and I think it will easily surpass the IPO price. If you agree with me, then there's no better time to buy but now. Don't be like the rest of the masses who only buy when a stock has reached its peak.

[enurayce]

Please i need a pro advise on Afroil.I also want to know if anyone has any recent news on the company and what prospects lie in buying their shares.All view are welcomed

[Tunde]

I am also looking for additional information on AFROIL. Its rise from grass to grace looks too good to be true.

[Stacks]

Enurayce, i hope you took a leap of faith and bought the shares. As of 4-4-07they were still going for 1.59. Today they are 3.70. I personally will buy some more shares this week..

[olusolakemmy]

Hey,
afroil is enjoyin arrival of foreign investment,since then they have been hitting the sky, the next thing we will hear is right offer or IPO, when the price get to say N10-N12.
But ANy which way, it is a good idea to buy.

I Place order for the shares for a month was not available, as in over scarcity is the nickname of the shares now!!!!!!!!!

However, may be mybrokerdidnt try enof

[adeniyia]

Hi guys,
I want to run something by you. It concerns Oando shares. I reside outside Nigeria but I very well recognise the potentials that exist in the market. In 2004, I bought Oando shares at 97.5 on their IPO! (Big mistake).
Ever since then, the price has been hovering between 70 and 75. My wife advised tehn that we should sell the shares, but being a 'stubborn investor' that I am I refused to listen to her. Now I am kind of having a second thought. My money is tied down with NO hope of capital growth. Their "bullshit" N4 dividend doesn't faze me at all.
Do u guys think I should just sell these shares now at a loss (and bite the bullet) or I should just hold on and keep hoping for the best? I am growing impatient.
Good thing was that then I bought Zenith shares ( primarily because I worked for them before leaving Nigeria) and GTB and I've been smiling on those since.

Response very appreciated

[dotunk]

well i think it willbe difficult to advice you appropriately.

you are right about Oando... i also bought and kicking myself. i also have a friend who wants to sell but i told him not to. then it was N68. today its N77.

i was of the same opinion 2 days ago (but still stubornly holding on) about the stock ans was thinking of selling. a friend sain Oando will improve. he gave reasons that where reasonable but i can remember now.

but today i saw their 1st Qtr result and it indicates a 68% increase in PAT. well i think that is significant.

like i said i can advice you but i think i will hold on to it.

An IBTC Research report indicates and advice a HOLD on the stock both in the medium and short term.

In the short term... may be you can sell to avoid significant capital loss.

the choice is yours... in the end.

[dotunk]

Please who has any info and figures about Afro oil?

there is this saying that when it is known by most people that a stock is going to rise, it has probably risen to its peri-high price, so most people are buying at the high price.

An ex, Afro oil was N1 - N2 some weeks ago, now its aroung N5. i guess if there will be anymore increase it cant be more than what has already been gained.

any other thots?

[segunuga]

I need a reliable information from a credible source as regards the the present condition of afro oil.The share price has been falling for while.
Is it a good buy? Could a follow on effect favour afro oil share price.i asked because the performance of other stocks in the petroleum sub sector are not doing badly. pls I need an answer very quickly

[Avocado]

Originally Posted by segunuga

I need a reliable information from a credible source as regards the the present condition of afro oil ... pls I need an answer very quickly

One suggestion is that you go check the afro oil website, if they have one. You could also call Afro Oil - they should have an office - to ask these questions, and/or ask for where to find answers to the questions. We should be glad for you to share your findings with us.

Cheers.

[olusolakemmy]

afroil will do well following the bearish run that affected them, and also lots of people made huge returns, remember it was traded for less than 50kobo at the begininng of the year.

Also they also have foreign funds input into the company, i pray it falls as low as N4 or 3.5, then i will but big time and if not i will buy at the present price, then ethernal oil will do well after the right issue, just that the normal scarcity will make it impossible to buy

[wanaj0]

Originally Posted by olusolakemmy

afroil will do well following the bearish run that affected them, and also lots of people made huge returns, remember it was traded for less than 50kobo at the begininng of the year.

Also they also have foreign funds input into the company, i pray it falls as low as N4 or 3.5, then i will but big time and if not i will buy at the present price, then ethernal oil will do well after the right issue, just that the normal scarcity will make it impossible to buy

Why will any petroleum marketing company do well in an environment where the margins are fixed because of lack of deregulation? What is Afroil, Eterna Oil etc going to do differently? Check out Total, Mobil, Texaco and even OandO and see how the margins are dropping.

Zenon is making money because they have the main contract to import diesel into the country. Is Eterna or Afroil trying to compete with them?

In a bullish run, almost all stocks will do well. Check out Nigerian Wire and Cable which has not produced a single wire in years. This is a company with no management in place. However see how the stock has risen this year. Hence don't interprete a rise in share price to mean good performance. When corrections happen, those are the stocks that finds it difficult ot stand.

[SWEETADE]

What do you mean by the last statement when corrections happened, those are the stocks that finds it difficult to stand. I am investing in Nigeria stock ignorantly or according to information from friends.Please help to elaborate on your statement, as some of us are just investing according to paper speculation.