₦airaland Forum

bastardson:
Omo mehnn, so far there has been no direct answer.. Invest in ARADEL or OANDO 🤣

sky2891:
Likewise, I am yet to access my ARADEL shares.
Please, what can be done to resolve this?

Sunrisepebble:
“Lots of demand” according to NGX

KarlTom:
Welcome ARADEL

KarlTom:
Q1. ₦101.3 > ... $0.08

H1. ₦480.7 > ... $0.29

Every mallam to his kettle...

sterlingD:
Below is what l got from Stanbic IBTC Stockbrokers

Listing and Closing Gong Ceremony by Aradel Holdings Plc

Dear Esteemed Investor

Please be informed that the "Facts Behind the Listing" presentation and "Closing Gong Ceremony" by the board and management of Aradel Holdings Plc will be held on Monday 14 October 2024.

This is in view of the listing of a total of 4,344,844,360 units of ARADEL shares on the NGX main board.

And also @Bagwa posted something check his post https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/8272#132396796

KarlTom:
I see ARADEL doing ₦2000 easily.
Likewise, I believe that SEPLAT will do a share split by/before Q1 2025.
OandO will do many things largely dependent on the results...

Willie2015:
Dont worry ..too much
It will come back to full offer ...
Like Trancorp Power ...
Na to siddon dey look...

olig:

I hear; until I see it.
They may only manage to duplicate it further.

Those comparing us with the western world, I hope you are also paying for the security of your money in banks?

You will keep money in bank and still pay for the security of your money in the name of cyber security fee/tax. Yet, you will still pay VAT and stamp duty. Plus uncountable bank charges. GT will tell you that you can not transfer more than 5m per day (your own money o), even current account can only do 10m, and they will will collect 10k from that for the sake of maintenance.

You will keep money with banks, and you will be the one to pay for Maintenance, ATM, SMS, Commision, Security, and government will collect, VAT, Stamp duty and Cyber security fee.

In Germany, for example, for those comparing everything. You only pay one bank charge/fee/tax per month (I mean traditional banking, not online). And if you are receiving salary on that account, you don't pay anything at all. Also, if you are a student and below 30 years, you don't pay, and other exemptions. On top that, you will sit down in your house and your ATC card will coke and meet you. Why cant we copy that?

olig:
Here, it is asking for too much.

Why?

Because, if by tomorrow, I lose all my investments and and become incapacitated, no government will look my side. Unlike those you are comparing us with (the western world). No social structure/benefit here.

More so, my problem is making things complex. Simplify the tax system of Nigeria, and don't make it complex. And that is part of the problems with crypto. Today you say you ban it, tomorrow you warn banks against it, next you are asking for tax etc.

GeeKudi:
I receive email every year to declare my income and pat tax on taxable incomes earned in my second home. I said taxable income because not all incomes are taxable. As far as Nigeria is concerned, capital gains on the nse is not taxable.

Omooloriredade:
Actually, because a lot of Nigerians have taxes remitted to the government from their salaries, they are not too familiar with their tax obligations.

The govt also can't be bothered chasing individuals for their fair share of taxes of income because of lack of sufficient data. The new bill will be addressing this loophole. You cash out from an investment, the NGX, CSCS, banks etc will share data amongst themselves and disclose this to the tax office. At the end of the financial year, the tax office will expect you to declare your ALL your income AND Capital gains and they will apply the correct tax rate.

Sunrisepebble:
Trading will stop today but hearing Thursday is likely listing date

ositadima1:
Please, be informed, you are required to pay a 10% tax to the FIRS on all capital gains, including those from the sale of property or stocks. Even the sale of your old car join.

ositadima1:
I don't need to disclose my personal information to substantiate a factual discussion. I can simply provide evidence that the 10% FIRS tax has been in place for a long time.

As for the VAT on commission, it's deducted directly from my account. I'm not familiar with how your broker handles it, though.

Omooloriredade:
It is but that is about to change if the bill passes which I expect it will.

BAT is trying to introduce tax reforms like he did in Lagos. Since he came into power, how many bank charges (taxes) have been muted so far already?

ositadima1:
Another criminal!!!

ositadima1:
Is VAT on commission not a tax? Capital gains realized from selling stocks are subject to a flat 10% tax paid to the FIRS. So, have you been remitting the 10% capital gains tax to the FIRS? Please don't tell me you are a criminal.

Omooloriredade:
Hopefully you understood my post.

Now, you mind showing me the fair share of taxes of your capital gains have been paying all along? You don't have to show the value the categories will do.

Sample below:

ndept:
Above is a 15 July 2024 post from me in conversation with yMcy56. Oando was still selling at around N17 then.

Once again, I wish to reiterate that the best time to make a kill on a stock is when a perceived bad stock is going through a turnaround, which is the case of Oando. Therefore, let us master the art of entering a stock when it is undervalued due to the prevailing circumstance surrounding the stock. Except one wants to be economical with the truth, it has been evident from the beginning of this government that Oando is a stock that will benefit massively from government support. Another reason why I bought when it was selling between N7 and N10 was because I have nothing to loose, worst case scenario in the event of delisting is for the company to pay me back the same amount I bought. Even at that, the body language of Wale does not suggest that Oando will delist then.

Moving forward, we need to come to terms with the fact that Oando is no longer the same company as we used to see them before. Those results will still be released in due course and there will be improvement in it to justify the stock price. Infact, I see Oando price around N130 in the next 6 months. But for me, I will be monitoring it to buy at a dip before they release the outstanding result on 23 October 2024. Any price below or around N70 is a buy for me. For those that bought at higher price, I will advise you do not sell at a loss.

NB: Above are my personal opinion please.

megawealth01:
Zenith never recover from the celebrations

yMcy56:
Oga, you sure say you know the difference between emotions and facts?
You sure say you know the meaning of emotions at all? Lol.

You don't care if it gets to SEPLAT price?
If you jump in will you tell anybody? 😁
Self deceit is a crime against oneself......and possibly those who believes in you. 🤭

Sunrisepebble:
Aradel now trading @ a higher market cap than Seplat Wahala

Bagwa:
O

https://trinidadexpress.com/newsextra/3-shortlisted-to-purchase-refinery/article_f82dd1ee-8025-11ef-abf1-af1d54a7aecd.html

megawealth01:
We’ve Cleared Ways And Means Debt Of Over ₦‎30 Trillion - Tinubu

https://www.thecable.ng/weve-cleared-ways-and-means-debt-of-over-n30trn-says-tinubu/amp/

Streetinvestor2:
vex self dey catch me. The stock I saw last month for my 1 million naira challenge has almost done 50%.I saw it at 1.20.Na to begin look for another one.
Happy new month and the month of my birth. I
won't say independence because nothing to celebrate for such occasion .My starting month was suppose to be October for its significancy to me.Now almost 50% is already gone and may affect my target if I still go with it

ositadima1:
I hope your stock market analysis is not on the same level that led you to conclude that Streetinvestor, Godlyguy, and Undead are the same person. That would be bad, and you would do better doing follow follow.

ositadima1:
I hope your stock market analysis is not on the same level that led you to conclude that Streetinvestor, Godlyguy, and Undead are the same person. That would be bad, and you would do better doing follow follow.

ojesymsym:
Their writing styles are different, there is less than a 10% chance that they are the same person with different monikers.

Streetinvestor2:
I starts and end with clownish...lol

Harvestock01:
Yawn 🥱