Japaul Oil - Page 9

Cedar · #**161** (**permalink**) 15th November 2007, 01:15 PM

Quote:

Originally Posted by Owo

can confirm this for me,
Is it possible to buy shares of companies under tecnical suspension in the secondary market. Thanks

owo

Sure it is possible to buy shares of company under technical suspension in the secondary market. One even stand the advantage of getting out at any as soon as the technical suspension is lifted, here you would not have to wait for the certificate to be released and subsequently verified before you can take action on you stocks.

Cedar · #**162** (**permalink**) 15th November 2007, 01:22 PM

Oops
Sure it is possible to buy shares of company under technical suspension in the secondary market. One even stand the advantage of getting out at any time as soon as the technical suspension is lifted, here you would not have to wait for the certificate to be released and subsequently verified before you can take action on your stocks.

Owo · #**163** (**permalink**) 15th November 2007, 08:20 PM

thanks Cedar.
I have been watching japaul share prize for a while now. It appears to be stuck to 6.02. Any reason while the prize is not moving up. iam looking forwar to buying some in secondary market but bit concern that the prize is stationary.
thanks

chidianosike · #**164** (**permalink**) 15th November 2007, 10:03 PM

Japaul share price is stationary because its on Technical Suspension. I guess it will be lifted in December. You can buy now even with it on TS but you will be at a premium.
If i were you i will wait for TS to be lifted before i take position..However, your broker has to be sharp to get it within the 1st 2 days of trading..there are alot of people like you waiting to buy so i expect the price to head North due to demand. If it happens that way that means for everyday ur broker is'nt able to buy, the next day will see it cost more.

en_y · #**165** (**permalink**) 16th November 2007, 12:21 AM

i think japaul offer closed on 31 oct and the regulation is that TS should be lifted after 2 weeks.. this means it should have been lifted today.. guess we should look out for it in the next couple of trading days..

u can bid for japaul right now but its on net bid with 8million units.. however, someone using your stockbroker might have placed a sale order and ur broker can just do a cross trade to sell the person's shares to you.... il advice you place the bid now but give a max limit price in case you broker cant get it now before the TS is lifted.. and there is a possibility of the price shooting up just after the TS...

phoma1 · #**166** (**permalink**) 16th November 2007, 11:07 AM

Quote:

Originally Posted by en_y

u can bid for japaul right now but its on net bid with 8million units.. however, someone using your stockbroker might have placed a sale order and ur broker can just do a cross trade to sell the person's shares to you.... il advice you place the bid now but give a max limit price in case you broker cant get it now before the TS is lifted.. and there is a possibility of the price shooting up just after the TS...

Please where can I get information on what is on bid and what is on offer (i.e how did you know that there is a net bid of 8 million units on offer? )

Thanks.

olusolakemmy · #**167** (**permalink**) 16th November 2007, 05:27 PM

Quote:

Originally Posted by en_y

i think japaul offer closed on 31 oct and the regulation is that TS should be lifted after 2 weeks.. this means it should have been lifted today.. guess we should look out for it in the next couple of trading days..

u can bid for japaul right now but its on net bid with 8million units.. however, someone using your stockbroker might have placed a sale order and ur broker can just do a cross trade to sell the person's shares to you.... il advice you place the bid now but give a max limit price in case you broker cant get it now before the TS is lifted.. and there is a possibility of the price shooting up just after the TS...

i expect the TS to be lifted by monday, the two wekks ended today friday 16/11/07, so by 19/11/07 we should expect maximum rise in price by 5%daily until it hit N18!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

the other guy, i usualy get summarised news on bid and offer through proshare news under investor daily perspective.
but the volume bidded and offered will not be there, but i guess you can get that on NSE live, its a paid service

RethinK2.0 · #**168** (**permalink**) 16th November 2007, 07:48 PM

Quote:

Originally Posted by olusolakemmy

i expect the TS to be lifted by monday, the two wekks ended today friday 16/11/07, so by 19/11/07 we should expect maximum rise in price by 5%daily until it hit N18!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

the other guy, i usualy get summarised news on bid and offer through proshare news under investor daily perspective.
but the volume bidded and offered will not be there, but i guess you can get that on NSE live, its a paid service

18 is hugely optimistic, i dun think we will see 18 this year.

en_y · #**169** (**permalink**) 16th November 2007, 09:01 PM

u can get net bid and offer information with volume of units on the home page of fidelity union securities ltd. Welcome to Fidelity Union Securities Limited

but i think its not a complete list..

son5070 · #**170** (**permalink**) 26th November 2007, 02:04 PM

Japaul suspension has been lifted today!

c kenneths · #**171** (**permalink**) 26th November 2007, 05:09 PM

And a bull is just unleashed!

nezvest · #**172** (**permalink**) 26th November 2007, 06:02 PM

Guys I expect japual to hit at least N12 in the next couple of days as the TS is lifted today. I ampredicting that they might release their 3rd quater result to boost share price movement

hispy99 · #**173** (**permalink**) 27th November 2007, 05:13 AM

Quote:

Originally Posted by nezvest

Guys I expect japual to hit at least N12 in the next couple of days as the TS is lifted today. I ampredicting that they might release their 3rd quater result to boost share price movement

N12 in the next couple of days? For a stock with forward PE of 35? Strange things have opened and this may be one of them (Japual hitting N12 in the next couple of days)

Natty · #**174** (**permalink**) 27th November 2007, 09:24 AM

Quote:

Originally Posted by hispy99

N12 in the next couple of days? For a stock with forward PE of 35? Strange things have opened and this may be one of them (Japual hitting N12 in the next couple of days)

@Hispy, I think Nezvest is right on his prediction. If you agree less with me, checkout C Kenneths' slogan by Bernard Baruch.

The release of their 3rd Q result will certainly have impact on the current price (but when are they releasing the result?).
I will be one of the happiest people if Japaul hits N12+ in a couple of weeks

RethinK2.0 · #**175** (**permalink**) 27th November 2007, 10:10 AM

Quote:

Originally Posted by Natty

@Hispy, I think Nezvest is right on his prediction. If you agree less with me, checkout C Kenneths' slogan by Bernard Baruch.

The release of their 3rd Q result will certainly have impact on the current price (but when are they releasing the result?).
I will be one of the happiest people if Japaul hits N12+ in a couple of weeks

12 naira is a bit too far fetched. Afterall we all saw the prospectus last month.
having said that, i think japaul is a good stock.

Survival2006 · #**176** (**permalink**) 27th November 2007, 02:01 PM

3rd Quarter result of Japaul:

Turn Over
2007 1.79bn
2006 621.2m

PAT
2007 317.57m
2006 98.7m

JAPAUL IS DOING WELL

c kenneths · #**177** (**permalink**) 27th November 2007, 02:27 PM

Japaul is doing very well indeed, but to predict prices would not be too good. The market can behave in an irrational manner. Sellers could just invade the floors tomorrow.