Thursday, December 27,
2018 06:09 PM /Proshare Research
sentiment towards the stock of FO was positive
at the end of trading today as the share price moved up by a tick size of 9.92%
to close at N34.35k from the previous price of N31.25k.
terms of Market CAP, FO gained N4.04bn
to increase its total Market CAP to N44.74bn from N40.70bn.
upwards movement in share price followed the announcement by the oil and gas
firm that its majority shareholder has reached an agreement to divest his full
75% direct and indirect shareholding in the
company’s downstream business.
Visit Forte Oil Plc IR Page in Proshare MARKETS
Oil Plc: Will Planned Divestment Unlock Value?
2. FO Chairman,
Femi Otedola, Divests Full 75% Direct and Indirect Holding In Company’s
Five Losers - FO Tops With 9.23% Loss; Records N2.67bn Drop in Market CAP
Week After: FO Share Price Moves Up by 25.71%; Adds N5.86bn in Market CAP
Share Price Drops by -16.67% in Four Days - Coincidence or News Led?
6. FO Declares
N9.13bn PAT in Q3'18 Results; Revenue Grew by 39.4%,(SP:N21.60k)
7. Forte Oil Plc
Announces the Outcome of Its 39th AGM Held On May 23, 2018
Advise Caution Over Forte Oil’s Announced Plans To Divest
Oil To Sell Some Nigerian Assets, Exit Ghana
10. FO Declares
N7.92bn PAT in Q2''18 Results; Revenue Grew by 32.4%,(SP:N25.05k)
Approve Forte Oil’s Divestment Plan From Subsidiaries
12. Forte Oil Plc -
Decent Q1’18 Numbers, AGM To Decide On Plans to Divest Subsidiaries
13. Forte Oil Plc
Obtains Exclusive Right to Distribute Chevron’s Havoline Motor Oils
14. FO Declares
N2.96bn PAT in Q1 2018 Result,(SP:N37.45k)
15. Forte Oil Plc -
Earnings Beat On Strong Power Performance