Okomu Oil Plc shares have now been marked down following the one for one bonus issue. I had singled the stock as a buy in my review of their full year results. Then the price was N95 and rose to N106 following their dismal Q1 results. Following the mark down, the share price now trades for about N51.02 (market value divided by the outstanding shares which have doubled following the bonus issue. Any chance of this stock hitting N100 this year??
Okomu Oil Share Price Marked Down – Buy Opportunity?
Ugodre Obi-chukwu
Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com
