I try buying PRESCO with Bamboo broker in two different occasions but the buying order was declined, don’t know what is wrong
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I try buying PRESCO with Bamboo broker in two different occasions but the buying order was declined, don’t know what is wrong
As an investor, it is imperative to check the liquidity of stocks before buying. High liquidity stocks can be bought and sold quickly and fairly, while low liquidity stocks cannot be bought and sold quickly and fairly. If your buying order was declined, it could be due to the low liquidity status ofRead more
As an investor, it is imperative to check the liquidity of stocks before buying.
High liquidity stocks can be bought and sold quickly and fairly, while low liquidity stocks cannot be bought and sold quickly and fairly.
If your buying order was declined, it could be due to the low liquidity status of the shares.
In order to buy successfully, you would have to reduce your buying price because no seller is available to sell at the price you are willing to buy.
Check the “order book” of the company, you will see the prices buyers are willing to buy (bid), and you will also see the prices sellers are willing to sell (ask).
See lessIf your buy order for Presco Plc keeps getting declined on Bamboo, it’s usually caused by one of these very common reasons: Most Likely Reasons Your PRESCO Order Was Declined 1. Low Liquidity (Very Common with PRESCO) PRESCO is not heavily traded every day. That means: Sometimes no seller is availabRead more
If your buy order for Presco Plc keeps getting declined on Bamboo, it’s usually caused by one of these very common reasons:
Most Likely Reasons Your PRESCO Order Was Declined
1. Low Liquidity (Very Common with PRESCO)
PRESCO is not heavily traded every day. That means:
Sometimes no seller is available
Your order cannot be matched
Bamboo declines the order
This is very common with Nigerian stocks.
Example:
You want to buy 10 shares
But nobody is selling at that time
➡️ Order gets declined
2. Price Movement (Limit Order Issue)
If you placed:
A limit order
And price moved quickly
Your order may be declined because:
Market price changed
Your price no longer matches sellers
3. Market Closed
Nigerian stock market trading hours:
Monday — Friday
10:00 AM — 2:30 PM (Nigerian time)
If you place order:
Before market opens
After market closes
It may fail or remain pending.
4. Minimum Order Size
Some Nigerian stocks require:
Minimum number of shares
Round lots (like 10 shares, 50 shares, etc.)
If you try to buy too small: ➡️ Order may be declined
5. Insufficient Buying Power
Even if you have money, you must consider:
Brokerage fees
VAT
Stamp duty
Example:
You have ₦50,000
PRESCO cost + fees = ₦50,300
➡️ Order declined
What I Recommend You Do
Try this step-by-step:
Try buying during market hours (10am–1pm)
Use limit order slightly higher than current price
Try smaller quantity (like 5–10 shares)
Try again on another day
My Personal Observation About PRESCO
PRESCO is:
A good long-term dividend stock
But not very liquid
Orders sometimes take time to fill
So your experience is normal, especially as a beginner 👍
Since you’re already:
Using Bamboo
Buying Nigerian stocks
Asking about dividends
See less