Capital oil

[Gbike]

is capital oil plc a good buy?

[pesadilla]

capital oil is good cos of the expansion going on,bad cos it is very illiqiuid,right now not for me.is it for you? only you can decide.

[Taipan]

Aba pesadilla, 4.57am! U no dey sleep?

[pesadilla]

@Taipan,
na sleep i go chop?
may you not be caught napping,while the NSE speed train passes on.
how i go sleep,abi you wan make i miss the train.sleeping no be good thing ooooh,the appostle wey go pray with jesus knows better.
hope my xmas turkey do dey fedex office?

[Taipan]

No worry, we go chop d christmas turkey 2geda. Just no 4get me wen u don make all ur millions.
Enjoy

[crtide]

I gave instructions for capoil when it was 69k that was late September/October but its not been available and as far as I know it has not changed.
Perhaps if you know different let's know so that I can change broker

[chidianosike]

69k?? i'm looking at a page online that puts capoil at more than 2 naira...
am i missing something? Crtide how far?

[SpecNomics]

I can confirm the that close price of Capital Oil as N2.42 as at friday 30/11, source Cashcraft Asset Management Limited - A member of the Nigerian Stock Exchange (I have tested their prices against NSE prices, when their page is functional, and they check back).

Interesting that you are interested in CApital Oil, Gbike, the question is why?

I can imagine part of your interest is that it has been setting record high on a daily basis since september. This usually bodes well for a buy trade. U simply need to keep in mind how much you are willing to lose should the trend reverse. Technically this looks like a good trade, but I have no fundamental to dwell on e.g. why the sudden rise!

Does this company operate upstream? If so maybe its the fact crude has been on an upward trend, moving fast towards the $100 mark! I don't know, do you?

The liquidity risk is certainly an issue, no point buying if there would be nobody to sell to! So who is doing the buying that has been driving the price up? Perhaps, its a share buyback, who knows?

Either way I would buy, liquidity risk is negligible if I am buying with the trend, if this price continues rising, the people driving the price up at the moment, would be buying my stock should I choose to sell. I do not believe you can move this market Gbike, and this is not a shot at your net worth!

[crtide]

Originally Posted by chidianosike

69k?? i'm looking at a page online that puts capoil at more than 2 naira...
am i missing something? Crtide how far?

I don't know if you have any resource for checking historical data on stocks, if you do, check around that period and you will see. You will also see that the average daily volume is relatively low.

Concerning why the stock has been moving north, the coy has been pumping money into expansion, building terminal in Apapa, building more stations in the east. By the way they operate in the down stream sector.

CAPITAL OIL & GAS IND LTD

[olusolakemmy]

I have been reading about capital oil revamping since they were 4.5kobo!!!!!!!!!!!!!!!!!!!!!
i tried to buy volume since then, my broker could not get me one unit!
i open with another broker to get me the coy, but no, its not always available

its kind of scars anyway but am sure it will drop price at some point to allow us enter.

[SpecNomics]

I do not get that, prices are dependent on trading, someone is obviously buying and the other selling (why would one buyer be preferred over the other), thats why the price is moving. Is the stock quoted electronically or does it have market makers?

[olusolakemmy]

Originally Posted by SpecNomics

I do not get that, prices are dependent on trading, someone is obviously buying and the other selling (why would one buyer be preferred over the other), thats why the price is moving. Is the stock quoted electronically or does it have market makers?

in case of scarcity, prices usualy move up simply because demand is far more than supply.
this situation can be cause by many sources, and some scarcity are not really genuine, it might be diffiicult to identify a true scars stock, but the truth is it can be so severe that you might not be able to buy, infact your broker will tell from the word go that you should order for another company that the one you asked for is scars and yet you will be seeing that same company been traded every day on the floor.

[pumping]

Originally Posted by olusolakemmy

in case of scarcity, prices usualy move up simply because demand is far more than supply.
this situation can be cause by many sources, and some scarcity are not really genuine, it might be diffiicult to identify a true scars stock, but the truth is it can be so severe that you might not be able to buy, infact your broker will tell from the word go that you should order for another company that the one you asked for is scars and yet you will be seeing that same company been traded every day on the floor.

Spot on.

I also know for a fact that some institutional investors can make a stock do 5% rise daily for a while till they are ready to sell. They create artificial scarcity.

Imagine a stock with average volume turnover of around 5M shares daily. An order is now placed for 50M units by an investor or consortium of investors. The stock will just start the 5% rise a day dance since there is no supply to meet the demand.

[Dankem]

Hello All,

Good discussion here on Capital oil. I am also interested but I need more information to guide decision making. Can you get me their website and any latest analytical report on it.

Thanks

Dankem

[olusolakemmy]

Originally Posted by Dankem

Hello All,

Good discussion here on Capital oil. I am also interested but I need more information to guide decision making. Can you get me their website and any latest analytical report on it.

Thanks

Dankem

i really dont have any report on the company, but i have read some stuff about them, they are doing lots of investment and increasing their capacity to become bigger.
the only set back some one mentioned at a time during this discussion is that the coy is own by a family in which the father, mother and sons are the directors!!
well, i didnt see anything wrong in that as far as they keep to the regulation of owning a public company

[chineduz]

"the Managing Director of Capital Oil and Gas Industries Limited, Ifeanyi Uba, said the company is not listed on the NSE and is therefore not being probed by the Securities and Exchange Commission (SEC) for share price manipulation.
Speaking to journalists in Lagos, Uba said that the clarification became necessary following several telephone calls and enquiries by members of the public who want to buy the shares of Capital Oil Plc.
Capital Oil Plc is a public company listed in the second tier of the NSE. Although the company has been inactive for many years."

link to the write up in bussinessday
http://www.businessdayonline.com/investor/4909.htmly

I wonder how Mr Uba claiming no knowledge and association with Capital Oil PLC knew the company has been inactive for many years. I'd say we have not heard the last of the current allegations of price manipulations/insider trading on the floor of NSE

AfricanSelect | Capital Oil plc - CAPOIL: Stock quote and news

And as follow up checked above link, then u can see for yourselves the details with the ticker CAPOIL shown below
Company Profile
Name Capital Oil PLC Website CAPITAL OIL & GAS INDUSTRIES LIMITED
Security Type Ordinary Phone +234-1-8181640-1, +234-1-7936439
Ticker CAPOIL Fax +234-1-5830902
Reuters Code Email info@capitaloilandgasind.com
ISIN Address 1 Capital Oil Close
Number of Employees Westminster
Year Listed Apapa, Lagos, Nigeria
Nature of Business Capital Oil & Gas Ind. Ltd commenced business following the Federal Government Deregulation of the Downstream Sector of the Oil Industry in the year 2001. It's corporate head office is located at Umunze House, 12 Apapa Oshodi Expressway, Apapa, Lagos.
The company is a wholly-owned indigenous conglomerate that engages in the Production, Importation, So urcing, Storage, Marketing and Distribution of Petroleum Products such as Diesel (AGO), Kerosene (DPK), Petrol (PMS) Ga s (LPG), Oil (Lubricants), amongst others

[mastro]

Capital Oil and Gas Industries Limited and Capital Oil PLC are seperate companies see below link if you are interested.

Proshare News

Chief Executive Officer of Capital Oil and Gas Industries Limited, Mr Ifeanyi Uba decried the misconception trailing the identity of the two companies.



He stated that most investors are not aware of the fact that Capital Oil and Gas Industries and Capital Oil Plc are two separate companies, owned by different people who have no connection whatsoever...........................

Investigation showed that Capital Oil has been technically out of business for sometime because its two operational filling stations had been out of service for about five to 10 years...........................

Reacting to the issue of price manipulation, Eng. Ayo Fanimokun, managing director/chief executive officer of Capital Oil said he is not a stockbroker and has not gone out to ask people to buy the shares of company, adding that SEC has yet to notify them about the investigation of share price movement....