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Nairaland Forum / Nairaland / General / Business / Notification Of Suspension Of Trading In The Shares Of Oando Plc (7671 Views)
Oando PLC Acquires Nigerian Agip Oil Company For $783 Million / Throwback: Court Voids SEC’s Suspension Of Oando Management / Under Siege The Battle Of Oando (2) (3) (4)
Notification Of Suspension Of Trading In The Shares Of Oando Plc by froz(m): 10:55pm On Oct 18, 2017 |
The Securities and Exchange Commission (SEC) has directed The Nigerian Stock Exchange (NSE) to suspend trading in the shares of Oando Plc as follows: 1. Effective for forty-eight (48) hours from today, 18 October 2017 to 20 October 2017, The Exchange should implement a full suspension in the trading of the shares of Oando Plc; and 2. Effective from 20 October 2017 and until further directive, The Exchange should implement a technical suspension in the shares of Oando Plc. A full suspension is the halt of trading activities in a listed security for a period. A technical suspension is the interruption of price movement in a listed security for a period so that any dealings in the securities which occur during the period of the suspension will not result in any change in price, which change may have occurred had the suspension not been implemented. In the 48 hour period commencing today, there will be no trading in the shares of Oando Plc. Thereafter, effective 20 October 2017, investors will be able to trade in Oando Plc’s shares but such trading will not result in any movement in the price of the shares. SOURCE: https://brandspurng.com/notification-of-suspension-of-trading-in-the-shares-of-oando-plc/ |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by rodeo0070(m): 6:31am On Oct 19, 2017 |
Oando should please resolve this their thing na |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by DanielsParker(m): 7:15am On Oct 19, 2017 |
ok |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by nony43(m): 7:15am On Oct 19, 2017 |
Noted |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by kay29000(m): 7:15am On Oct 19, 2017 |
Hmm |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Otapipia: 7:16am On Oct 19, 2017 |
Buhari 3 Likes |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by ejifranks(m): 7:17am On Oct 19, 2017 |
B = Buhari T= Tinubu Warning shot is all I see cos there is no fire without smoke This is no gentle Ebere tease Depreciate,Destroy, then decapitate the western boa 6 Likes |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by fxbking: 7:19am On Oct 19, 2017 |
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Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by capatainrambo: 7:20am On Oct 19, 2017 |
shame |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by ChangetheChange: 7:21am On Oct 19, 2017 |
![]() ![]() ![]() 2019 has begun From Atiku to Tinubu, Buhari wants to neutralize any threat to his 2019 ambition 5 Likes
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Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Nobody: 7:23am On Oct 19, 2017 |
Its now a Fight between Buhari and Tinubu. Serve him right, he forced Buhari on Nigerians, let him also bear some grunts in Buhari administration 10 Likes |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by cupid4ig(m): 7:26am On Oct 19, 2017 |
Welcome development 1 Like |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Badonasty(m): 7:28am On Oct 19, 2017 |
froz: Just stifling opposition left,right and center 1 Like |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by lunacol(m): 7:32am On Oct 19, 2017 |
Tinubu Good morning 5 Likes |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by realnas(m): 7:32am On Oct 19, 2017 |
This is what happens when you bite more than you can chew, wole tinubu borrowed large sums of money from various banksand raised equity from wealthy investors like dahiru mangal and Mr volpi order to purchase conophillips assets in Nigeria around 2013 .This was done with the believe that oil prices will stay high hence allowing oando to settle it's debt quickly, unfortunately that wasn't the case as a result of the crash of commodity prices that was engineered by Saudi Arabia in order to frustrate shale gas producers in the United States . Oando has been unable to repay it's debt due to low oil prices and this reflected it's share price that went from 15 naira a share to less three naira burning alot of investors like yours truly in the process. 25 Likes 2 Shares |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by dustydee: 7:34am On Oct 19, 2017 |
what is the relationship between Bola Tinubu and Oando? |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by GentleYoung(m): 7:34am On Oct 19, 2017 |
One of the relevant post to make front page in weeks 3 Likes |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Kundagarten: 7:35am On Oct 19, 2017 |
Laffing at Tinubu in Cantonese. 2 Likes |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by lurther: 7:35am On Oct 19, 2017 |
Tinubu.........you see your life? By the time Buhari is done with you and Atiku, you will curse the day you called Goodluck Jonathan a dictator and called Buhari who is the real dictator a saint. Sheba BBC closed Radio Continental yesterday......This is just the beginning. We reminder you of how Abiola was messed up by his military Fulani friends, you refused to listen. Now in our very eyes, they have started with you. Hope they don't take your life like Abiola. Anyway, this was how they started with Abiola, crippled his businesses first, then took his life. Let the battle begin. Royal Rumble for the Jagaban of Africa and The Fulani Hegemony. 8 Likes |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by gazza07(m): 7:37am On Oct 19, 2017 |
All I see when I look around me is loose, loose situation for Tinubu.. He tot baba will die for his prodigy to take over, baba still bouncing.. he got his picture removed from APC Secretariat, his title for APC national chairman given to baba, his fight with atiku for APC B.O.T chairman in shatters,his wife nearly got beaten and raped by fierce Dino Melaye, and now Oando shares in tortoise crawl.... Mba nu!! for one person! lwkmd! Afonjas will still shout Sai baba come 2019. they will forget and vote for baba.. they always forget! 9 Likes |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by masseratti: 7:37am On Oct 19, 2017 |
realnas:thanks for the insight, now I know its not political 7 Likes |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Themandator: 7:39am On Oct 19, 2017 |
Voodoo management has grounded the company..... 419 wonder boy company 3 Likes |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Henrypraise: 7:39am On Oct 19, 2017 |
in d coming days more will unfold.... D media will soon tell us dat buhari is investigating d 26b dollar scam alert, hence moves such as suspending oando's shares av to be made for thorough investigation... 1 Like |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by gazza07(m): 7:39am On Oct 19, 2017 |
dustydee: google is always there for u or simply, na Tinubu get Oando 2 Likes |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Kundagarten: 7:39am On Oct 19, 2017 |
masseratti:Wait until Buhari finds #1Trillion under Tinubu’s bed. Sense fall on you 5 Likes |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Kundagarten: 7:41am On Oct 19, 2017 |
dustydee: Bola Tinubu owns it by proxy. 1 Like |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by ChangetheChange: 7:41am On Oct 19, 2017 |
Kundagarten: ![]() ![]() ![]() Don't mind the guy, he is still one of the few remaining Buhari zombies, senses will soon fall on him 6 Likes 1 Share |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by Themandator: 7:42am On Oct 19, 2017 |
gazza07: Bola Tinubu is not same as Wale Tinubu.... Get fact before rushing to comment. 1 Like |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by ejifranks(m): 7:43am On Oct 19, 2017 |
masseratti:Even Atiku's was not political. ![]() ![]() 9 Likes |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by ChangetheChange: 7:45am On Oct 19, 2017 |
Themandator: Oga park one side They are relations Wale Tinubu is a nephew to Bola Tinubu They both own stakes in Oando 3 Likes |
Re: Notification Of Suspension Of Trading In The Shares Of Oando Plc by lurther: 7:45am On Oct 19, 2017 |
Wile Tondu is Bola Tinubu Nephew. Bola Tinubu own the company but managed by his nephew wile Tinubu. Themandator: |
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