KarlTom:
I dey wait o

designking:


Yes ooo and many of my friends have been buying the ₦16+ Oando...

Streetinvestor2:
You sure your friend never enter mugu for one sharp yahoo boy.He is generating clone receipt they wire am.

Ginalex:
Like an arbitrage trade, buy low in one market and sell high in another. I'm not exactly sure how it's done but I know it's possible. There'll definitely risks involved (foreign exchange risk for example)

designking:


The JSE Oando is it the same as the NGX Oando?

zendi:

The loot where I say make you go bank queitely, na him you wan carry go ship JSE Oando to come credit to your CSCS here.
Sharp Nigerian, see as business idea jump enter your mind.
But if cowboy catch you ehen...
JSE Oando na contraband in Nigeria.

designking:
My friend claimed he bought Oando shares today at ₦16 and he even sent me this screenshot.

Do we have 2 different Oando stocks trading on the NGX

KarlTom:
I just confirmed something. Seems 'your friend' bought from JSE not NGX.

OandO is trading on JSE between ZAR 0.18 and 0.23 (NGN15.87 and 20.20).

We would only be concerned IF his NGX portfolio is updated to reflect the units bought...

ositadima1:


hahahaha!!!

Na wahala I just find o.

Sunrisepebble:
Time to jijo in Aradel https://businessday.ng/markets/article/aradel-holdings-grows-half-year-profit-by-695-to-n104bn/?amp

Sunrisepebble:
We pointed out this trade at #4,995, now trading @ #6,739(+35%) and WILL cross the 7k barrier tomorrow unfailingly. If you are highly capitalised and liquid, you can still enter as it will continue to rally till qualification date. They say im not blowing the trumpet loud enough, I don blow again o. A word is enough for the wise. Do your own DD sha.

megawealth01:
SEC approves Quidax and Busha as legally recognised crypto exchanges in Nigeria 

https://nairametrics.com/2024/08/29/sec-approves-quidax-and-busha-as-legally-recognised-crypto-exchanges-in-nigeria/

Sunrisepebble:
Is it liquid on JSE?

ositadima1:
Are the Oando listings on JSE Depositary Receipts or actual shares.


Depositary Receipts:
These are negotiable financial instruments issued by a bank to represent a foreign company's publicly traded securities. The depositary bank holds the underlying shares in custody in the company's home country.

Ownership Structure:
The actual shares are held by the depositary bank in the company's home country.
The receipts traded on foreign exchanges represent ownership of these underlying shares.

Trading Implications:
In this scenario, you're not directly trading the original shares, but rather the receipts that represent ownership of those shares. This structure has several implications:
a) Conversion: Many depositary receipt programs allow for conversion between the receipts and the underlying shares, though this process may involve fees and take some time.
b) Price Differences: While the prices of the receipts and the underlying shares should theoretically be equivalent (adjusting for exchange rates), discrepancies can occur due to different trading hours, liquidity levels, and local market conditions.
c) Corporate Actions: Holders of depositary receipts generally have the same rights as direct shareholders, including dividends and voting rights, though the process might be slightly different.
d) Regulatory Considerations: The depositary receipt structure helps companies comply with different countries' regulatory requirements, making it easier for foreign investors to trade.

Arbitrage Potential:
While arbitrage is still possible in this scenario, it's more complex:
You'd be trading different instruments (receipts vs. actual shares) rather than the same shares on different exchanges.
The conversion process between receipts and underlying shares can take time and incur costs, potentially reducing arbitrage opportunities.

Risks and Considerations:
Currency Risk: As you're dealing with instruments potentially priced in different currencies.
Political Risk: Changes in regulations or political situations in either country could affect the depositary receipt program.
Liquidity Risk: Sometimes, depositary receipts might be less liquid than the underlying shares.

Professional Execution:
This type of arbitrage is typically executed by institutional investors or specialized arbitrage firms due to its complexity and the need for quick execution and advanced trading systems. Copied

KarlTom:
@designking

The Wealthng platform does not look legit.

1. The prices of certain stocks are 'outdated' e.g. TOTAL is currently 388.9 (NGX: 618.30), OKOMU is 292 (NGX: 417.70), OANDO is 16.4 (NGX: 69.95)
2. Some stocks are still listed e.g. ARDOVA, UNIONBANK.
3. There is not place to fill in CHN, CSCS, BVN, NIN
4. They do not have an official bank account. Payment is by FLUTTERWAVE (if you know, you know)
5. They do not appear to have a regulator...

The good news is that you are yet to buy (I really hope so).
My advice is RUN!

Pesuzok:


Thank you, but try remove eye from Oando. The journey is still far, and we are expecting pull back,

KarlTom:
ELLAH.

At a glance: Nothing spectacular...

https://doclib.ngxgroup.com/Financial_NewsDocs/42071_ELLAH_LAKES_PLC.-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_AUGUST_2024.pdf

emmanuelewumi:



How come there is no revenue

KarlTom:
@designking
The Wealthng platform does not look legit.

1. The prices of certain stocks are 'outdated' e.g. TOTAL is currently 388.9 (NGX: 618.30), OKOMU is 292 (NGX: 417.70), OANDO is 16.4 (NGX: 69.95)
2. Some stocks are still listed e.g. ARDOVA, UNIONBANK.
3. There is not place to fill in CHN, CSCS, BVN, NIN
4. They do not have an official bank account. Payment is by FLUTTERWAVE (if you know, you know)
5. They do not appear to have a regulator...

The good news is that you are yet to buy (I really hope so).
My advice is RUN!

megawealth01:


What's the os?

Agbalowomeri:
Nigerian Breweries

https://www.thisdaylive.com/index.php/2024/08/29/sec-ngx-approve-nigerian-breweries-plans-to-raise-n599-1bn-via-rights-issue/

zendi:
Oando cannot command the same sentiments in South Africa as in Nigeria because South Africans do not know crude oil as we do.
Is there anybody here who cannot point at one billionaire or more from his State who are rumored to have made it through the "lifting of crude oil" ?
Nigeria is a petro-dollar nation, SA is not, to my awareness. So many Nigerians who have grown tired of dreaming of laying hand on NNPC Term Contract to market crude oil, let alone grabbing an oil block, are seizing opportunity to snap up the shares of Oando while it's still affordable.
The South Africans, meanwhile, are probably disecting Oando through Ewumi-style forensic analysis and, seeing no dividends in the near term, are valueing it accordingly.

When Oando shall start dishing dividends, it may be highly profitable for dividend hunters to to go and load it that place because I believe the payouts will be the same in currency equivalence giving that the buy out proposal for the attempted Delisting was the same 7.07 or equivalent.

brotherly:


If you place a sell order for your units tomorrow, I can bet you that it won't last 10 seconds before you see it executed. So, if na me be you ...I go buy this ₦16 units to add, then sell everything at ₦70 per unit tomorrow.

megawealth01:
SEC approves Quidax and Busha as legally recognised crypto exchanges in Nigeria 

https://nairametrics.com/2024/08/29/sec-approves-quidax-and-busha-as-legally-recognised-crypto-exchanges-in-nigeria/