RE: Oando down and mart up Can anyone speculate why mart is up so nicely while t.oer is trending down. They should have similar news flow in the coming months.
------------------------
I don,t think you can compare the 2. furthermore, OER is sadly tighly heald by Mommy Oando ( 94.6%) of the shares that are not trading. Hence look at the daily volume ~less then 10 000 shares per day hence simply no marklet, as such anyone who is bored and decides to dump 5000 shares can easily make that things trip 30% in an eye beat.
lastly, Mommy is trying hard to raise oiver $1.4 billions dollars to pay up ConocoPhillips for their recent OML acquisition - given that Mommy is already way way in debt, they are having a heck of a time trying to get people to buyin , into the PP they have going on the Nigerian stock market + not many Bankers coming forward to grab a hold of the $300+ Millions debt they want to raise.....
Add it all up and consider that IF succesful Mommy turns opver the OML to little OER and smacks it with an addtional $1,4 Billions (with a B) worth of fresh debt....
Granted there will be fresh cash flow, but in my opinion one needs to learn to walk before heading to the Olympics 10 000 meters run !
To be seen if Mommy closes this deal and if so the impact on Sunny.....watching at this end but not touching.