Eternal Oil Plc IPO

giwababatunde · #1 (**permalink**) 16th March 2007, 01:56 PM

Hi

I heard of eternal oil for the first time, does their share a good stock to buy? Pls, someone should enlight me on eternal oil IPO.

Thanks

olusolakemmy · #2 (**permalink**) 17th May 2007, 09:45 PM

Ethanol oil is a very good stuck, sometimes last year, it was N2.5, and rose to N11.3, its present price.

Recently i heard there is a foreign investment coming to boost their productivity, what they are offering is right issue and not IPO.

I will advice it as i am also going to buy it.
Goodluck

dotunk · #3 (**permalink**) 18th May 2007, 09:45 PM

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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