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...

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...

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

Wait fess, shey I can buy on JSE and sell on NGX?

Me sef wan confirm.
I dey come...

~ I don't think it is allowed

Ginalex:
Wait fess, shey I can buy on JSE and sell on NGX?

Pls which stock is.advisable to buy tomorrow since today is gone already

Same company. Different Exchanges. Entirely different rules...

e.g. JSE does not use the ±10% daily price cap. This implies that ZAR 0.23 can become ZAR 0.001 overnight...

designking:


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

Please does anyone know when Unity Bank will return to the stock market? Insider info perhaps? Also when will UCAP bonus be allotted? These questions keep me up at night

Omorwumi:
Pls which stock is.advisable to buy tomorrow since today is gone already

Are you new here?

Yes sir am new o

KarlTom:
This option is serious...

ositadima1:


In my opinion, people buying NB are basing their hopes on a company they once knew, not the current reality on the ground. NB will sell for 15 naira or below when things become clearer (negative equity already). It's a very risky stock; I would stay clear of that one.

KarlTom:
IMO
The bolded is a possibility only IF USD sells for ₦2500+ (which is not looking likely) ...

NB, Nestle, MTN are in same WhatsApp group.

I told you NB has big issues. You replied to me like so. Even that MTN that you are seeing is in trouble. I pointed it out then, but MCY56 talked me down. The next day, it did 10%, confirming her. So, I shut my mouth.

Where is MTN now? Do you think it's easy to sustain such losses and dismiss them so easily? Some of these companies will probably disclose even more losses when the 2024 results are out. Watch out for Dangote Sugar.

Meanwhile, some very resilient companies are being overlooked. CAP, which is in paint and owns Caplux paint, has a debt-to-equity ratio of less than 10%. I think two years ago, the debt was just 1%. And the equity has grown annually by an average of over 25% since 2019. All this forex turmoil didn't affect them; they sailed through smoothly.

Omorwumi:
Yes sir am new o

Go and buy Oando and Eterna stocks. They are the hottest stocks right now.

Pls is there whatapp group an new

E be like all the sugar/salt gang dey our trending lawyer/govt stock if not eh... Na vawulence you for chop

ositadima1:







I told you NB has big issues. You replied to me like so. Even that MTN that you are seeing is in trouble. I pointed it out then, but MCY56 talked me down. The next day, it did 10%, confirming her. So, I shut my mouth.

Where is MTN now? Do you think it's easy to sustain such losses and dismiss them so easily? Some of these companies will probably disclose even more losses when the 2024 results are out. Watch out for Dangote Sugar.

Meanwhile, some very resilient companies are being overlooked. CAP, which is in paint and owns Caplux paint, has a debt-to-equity ratio of less than 10%. I think two years ago, the debt was just 1%. And the equity has grown annually by an average of over 25% since 2019. All this forex turmoil didn't affect them; they sailed through smoothly.

KarlTom:
Me sef wan confirm.
I dey come...

~ I don't think it is allowed

Really? How come we can buy Seplat and Airtel from LSE and sell on NGX but not JSE?

Omorwumi:
Pls is there whatapp group an new

Which WhatsApp group?

You mean the one setup by Wale Tinubu?

designking:


Go and buy Oando and Eterna stocks. They are the hottest stocks right now.

Better keep your capital...

Read from page 1 to date of this forum before you start your investment journey...

My one dollar counsel

megawealth01:
E be like all the sugar/salt gang dey our trending lawyer/govt stock if not eh... Na vawulence you for chop

hahahaha!!!

Na wahala I just find o.

designking:


I waited too long... Tomorrow I am cashing out all my Oando shares too.

Oando pullback will be epic

Bank your loot quietly.
Clean your mouth. Thank God.
Don't join the oandocast choir.
Leave Baba Market to deal with Oando as he deems fit.

zendi:

Bank your loot quietly
Clean your mouth. Thank God.
Don't join the Oandocast choir.
Leave Baba Market to deal with Oando as he deems fit.

That choir

So I asked ChatGPT:

Yes, you can sell OANDO shares that you bought on the Johannesburg Stock Exchange (JSE) on the Nigerian Exchange (NGX), but like with SEPLAT shares, the process is not direct. Since OANDO is also dual-listed, you would need to go through a cross-border transfer process to move the shares from the JSE to the NGX before you can sell them on the NGX.

Here’s a general outline of the steps:

1. Initiate Transfer: Contact your broker to initiate the transfer of your OANDO shares from the JSE to the NGX.

2. Registrar Coordination: The company's registrar will handle the cancellation of the shares on the JSE and reissue them on the NGX.

3. Settle and Sell: After the shares are reissued on the NGX, you can then sell them through your broker on that exchange.

This process might involve fees and could take some time to complete, so it's advisable to consult your broker for detailed instructions, potential costs, and timelines.

Ginalex:
Really? How come we can buy Seplat and Airtel from LSE and sell on NGX but not JSE?

This person get mind sha.... Wealthng with their outrageous charges?😠

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

designking:
He is very confident that it is the same Oando. Abi Wale Tinubu don carry us on handicap?

Ok. Let's talk about NGX rules......
How is it possible for a transaction of N16 to pass thru the automated trading Engine, bypassing all the full bids at 69.95 to sell at 16?

All transaction's must pass thru the trading Engine for proper documentation, etc.
Pls note that youre not talking to dunce here....

I dey come......make i do small search....😊

Since Monday I don dey queue to get my top up 20 units, it didn't reach my turn even up till today, how someone can now buy 16 is the mystery we have to unravel here...

Can anyone shed more light on the REISSUE aspect?
Will the reissued units be ranked pari-pasu across exchanges OR the value on LSE will be used to reissue on the NGX?

@Ginalex.
How does it work with SEPLAT

KarlTom:
So I asked ChatGPT:

Yes, you can sell OANDO shares that you bought on the Johannesburg Stock Exchange (JSE) on the Nigerian Exchange (NGX), but like with SEPLAT shares, the process is not direct. Since OANDO is also dual-listed, you would need to go through a cross-border transfer process to move the shares from the JSE to the NGX before you can sell them on the NGX.

Here’s a general outline of the steps:

1. Initiate Transfer: Contact your broker to initiate the transfer of your OANDO shares from the JSE to the NGX.

2. Registrar Coordination: The company's registrar will handle the cancellation of the shares on the JSE and reissue them on the NGX.

3. Settle and Sell: After the shares are reissued on the NGX, you can then sell them through your broker on that exchange.

This process might involve fees and could take some time to complete, so it's advisable to consult your broker for detailed instructions, potential costs, and timelines.

I dey wait o

yMcy56:

Ok. Let's talk about NGX rules......
How is it possible for a transaction of N16 to pass thru the automated trading Engine, bypassing all the full bids at 69.95 to sell at 16?

All transaction's must pass thru the trading Engine for proper documentation, etc.
Pls note that youre not talking to dunce here....

I dey come......make i do small search....😊

KarlTom:
So I asked ChatGPT:

Yes, you can sell OANDO shares that you bought on the Johannesburg Stock Exchange (JSE) on the Nigerian Exchange (NGX), but like with SEPLAT shares, the process is not direct. Since OANDO is also dual-listed, you would need to go through a cross-border transfer process to move the shares from the JSE to the NGX before you can sell them on the NGX.

Here’s a general outline of the steps:

1. Initiate Transfer: Contact your broker to initiate the transfer of your OANDO shares from the JSE to the NGX.

2. Registrar Coordination: The company's registrar will handle the cancellation of the shares on the JSE and reissue them on the NGX.

3. Settle and Sell: After the shares are reissued on the NGX, you can then sell them through your broker on that exchange.

This process might involve fees and could take some time to complete, so it's advisable to consult your broker for detailed instructions, potential costs, and timelines.

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)

Is Morgan Capital having issues, the final prices have not been updated for today?

How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies

https://www.legit.ng/business-economy/money/1610614-dangote-sells-bank-n12-billion-shuts-companies-government-policies/

designking:


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

#16+ is the fair value of oando

gare2510:
Is Morgan Capital having issues, the final prices have not been updated for today?

I have the same issue.

designking:


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

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 by this ₦16 units to add, then sell everything at ₦70 per unit tomorrow.

godlyguy:

#16+ is the fair value of oando

For the NGX Oando or the JSE Oando?

Only ENI AGIP is worth ₦100 per share given their valuation.

designking:


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

That is arbitrage on display a la Oando!