Eterna oil

[kfo]

i ve been taking note of the stock price of eterna oil recently seems to be some restructing going on as the stock price has been on the rise as at 10.39.Read in the papers of an impending IPO .Do you think i should buy now or wait till the IPO.
comments pls.

[Stockbear]

Turnover has grown from N200million to N3billion in 2006. That's a good sign since they changed mannagment and have undergone restructuring.

There lowest price this yr is N3.00 and as yessterday N10.90. Returns over a 12 month period is 316.03% and over a 3yr period is 500.58%.

As far as I can see this is a good buy.

[SpecNomics]

What sort of restructuring turns a N200m generator into a N3bln one!

What part of the Oil and Gas industry are they primarily operating in?
Is this abnormal growth sustainable or just caused by one off items like selling of assets?

Like all of us, I like a good quick trd, but buying into their IPO requires these questions be answered. They could simply have window dressing for the IPO!

Please provide the Prospectus when its released

[Stockbear]

Elumelu Urges Support for Eterna Oil

http://allafrica.com/stories/200702150712.html


I hope this helps somewhat?

[Stockbear]

Anyone with access to their financials?

[Stockbear]

http://www.africanfinancialmarkets.c...p?NewsID=17501



This is obviously last year's info, but reports their progress.



Part deleted by EIC for copyright infringement

[Taipan]

yeah, thanks for all the info. But from my limited knowledge of the stock market, making money is all about buying low and selling high. Obviously, Eterna's progress has been magnificent. But the question is this: What's the guaantee that one isn't buying at the peak i.e. how can one be sure that the price wouldnt start a steep slide tomorrow?

[Stockbear]

Here is some indication as to why there is a positive price movement.

as

Part deleted by EIC for copyright infringement

[NaijaFresh]

I suggest you buy a few units now if you can
When the IPO does come out you will be able to buy more at a lower price through a rights issue

[olusolakemmy]

What ethanal oil is offering is Right offer and not an IPO, atleast that is what we have on the blog of this site.
if there is IPO coming, someone shld please give me more info

[dotunk]

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.

[dpumping]

after the allotment has been concluded the excess fund will be returned after hw many month.SEC shld do something like paying certain % on returned fund.

[AMINU USMAN MUHAMMED]

hi
when enterna oil should open
its new fublic offer?

[pumping]

Originally Posted by AMINU USMAN MUHAMMED

hi
when enterna oil should open
its new fublic offer?

It will be better to ask the question in the existing thread below...

Eterna oil

[Dis GuY]

is Eterna oil a good buy, anyone with current information or calculation
most of those posted by stockbear have been removed for copyright infringement

help..

[Dominic]

I need information on the future prospects of ETERNA OIL? Any ideas

[newton]

Future prospects... oil stocks can swing always, if they get key supply contracts then ... d sky is d limit but if not, it'l be around the current price 4 long.
Certainly there makin a loss 4 yr end07, but they seem 2 want 2 approach d market again.

[sharesbank]

can anyone give me a working telephone number for Wema Registrar Limited,