Oando shares is up about 10% on mid day training. The Oil giant released its long awaited results this morning with mixed outcomes. Whilst 2013 and 2014 Q1 all ended up in losses, the 2014 H1 results posted profits with higher margins.
The company also proposed 30 kobo and 70 kobo dividends respectively. This more than anything must have influenced the direction of the share price.
Oando’ s case has been like a lion in the cage, the lion is now about to be released to take its royal position in the jungle. My own vie please.