why is oando share price falling despite impressive 1st quarter result.? is there any info the investing public needs to have bt doesn't? pls reply

Plz can u post the link for dec 2012 result and 2013 1st quarter result you just talked abt? Any corporate action? As far as I know, they are yet to release them.

kachaskach: why is oando share price falling despite impressive 1st quarter result.? is there any info the investing public needs to have bt doesn't? pls reply

I may not be able to supply a single strong CAUSE, but consider the CORRELATION between the rise in US shale exploration and production and the downward pressure on the price of crude oil. Also consider the slowing demand from China as her investment drive cools. These various global forces reinforce in complex ways and may influence the outlook on small companies like OANDO. Of course, there could also be local reasons like the political problems associated with the passing of the Petroleum Industry Bill. All in all, the market prices in these issues leading to the expression of investors' feelings in the market price of OANDO.

Well, u need to know their last result dt came out was their 3rd quater 2012, the 4th quarter 2012 and 1st quarter 2013 are nt yet our let alone impressive.

I feel the fall has to do with the recent listing of their right issue abt 2days ago which was sold at N12.
Also the delay in their 4th quater 2012 result culd also have affected it amidst other factors.