Revenue down 21%, Pretax profits down 44% YoY following their 9 months result yet the rally continues.
This is what we call Flock Trading.
Oando stock up 68 percent in a month as investors buy upstream story
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Revenue down 21%, Pretax profits down 44% YoY following their 9 months result yet the rally continues.
This is what we call Flock Trading.
I read the article and I still wonder, would it be wise for one to buy Oando at this time? Do you think it’ll rise or it’s a mere bubble that’ll burst soon?
Its rise or fall will depend on its ability to pay for the ConocoPhillips deal