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Home Markets Equities Stock Market

Forte OIL: N152 is Last Line of Defense

Nairametrics by Nairametrics
October 13, 2016
in Stock Market
Forte Oil To Seek Shareholder Approval To Raise N100 bn
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Forte Oil Q3 hit the market yesterday with;

  • Revenue of N36.7bn mixed; -24.9% q/q; +20.4% y/y
  • Profit before tax of N1.4bn down; -53.7% q/q; -32.6% y/y
  • Profit after tax of N0.6bn down; -55.9% q/q; -67.9% y/y

Forte TRW E-trader:

  • Total volumes traded 102,759 units
  • Total volumes on offer 254,923 unuts
  • Total bids: NIL

forte-live

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FORTE OIL WEEKLY REPORT:

  • Current market price at N152.00 is within the March 2015 support levels
  • This current level will determine a Break/Fade rally (Consolidate within these levels or a Continuation of Current bear trend.

forte-chart

 

 

 

 

 

 

 

 

 

 

 

 

 


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Tags: Forte OilNSEOIl and Gas News
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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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