₦airaland Forum

Streetinvestor…You again? Lol 😆. See below the earlier post. I salute your tenacity.

Streetinvestor2:
Leave this hope anthem when corruption is the order of the day.
I know about the take over in 2019.
I want answer on why telluria farm Ltd which was doing well,making revenue and was already producing FFB before joining ellahlakes stopped producing revenue after the take over. The records showed that telluria already had matured palm farm. I know ellahlakes was an insolvent fish farm.

Thrn on another note you said you buy strategy in the past has always related to eps multiple by 4 x4.why is it not being the case for ellahlakes. Abi the it is reserved for only some company. You do call it common sense strategy. Have the strategy been dustbined so that we know now.This could help us understand the word prejudice better in relation to common sense strategy

Thank you Streetinvestor sir, I did earlier mention in one of my posts that Ella Lakes was not based on Common Sense. I will re post it if only for the purpose of giving flesh to this discourse. You are free to audit the Common Sense strategy . What has been the failure rate?

Streetinvestor2:
Lwkd.Abeg which business be this one.Is it classified as PLC too.Money way ogas they take settle him boys this days for onitsha. Abi na ellahlakes. If yes, so the company don reach 30 yrs in existence .
I come in peace

Ella Lakes is just 5 years old under this new management, a year plus of which was under Covid. The old Ella was insolvent till taken over by young brains that share the belief that something good could come out of Nigeria. These brilliant ones should be celebrated. Had it not been for this lifeline, those who had invested in the company would have lost all. Chuka Mordi has all it takes to turn Ella Lakes into the pride of Nigerians. I only wish he would be less economical with information. NIGERIA can be better. N250 billion will not only lift Ella Lakes but lift Nigeria if used to develop the land banks and their special agric processing zones. It's a noble project. May she succeed with all our support.


From our National Anthem….

O God of all creation,
Grant this our one request,
Help us to build a nation
Where no man is oppressed
And so with peace and plenty
Nigeria may be blessed.

Amen.

megawealth01:
My 15th pick for 2025 is DAAR COMMUNICATIONS. Enter with PATIENT FUNDS

When entering penny stocks as risky as DAAR please use FUNDS not significant...

DYOR

🤔

pluto09:
What is the 321 for? The 321 you added to eps of 262.

Previous loss Q1 on an x axis negative to positive

GeeKudi:
It's a life lesson for me. I sold NAHCO too early. It has been difficult to get back in as earlier planned.

For stocks that have significant multiple insider purchases, never sell at any price less than x150% of the average of their recent purchases. For NAHCO, this translates to approximately (79.58+75+75.86) /3=N115.22.…150% applied

This is based on the premise that it has to be good and better than the fixed income.

May help next time.


You will discover some interesting figures with BUA cement despite all its volatility.

Common Sense Target for Cadbury N69.96-93.28
I applied a 75% penalty because of the huge Retained loss. Target probably into 2026 Q1 especially if considering N93.28
Please do your research. Purely based on the current trajectory if maintained or surpassed. Not likely to turn the corner to positive till Q2 2026. Now is the front-row seat I guess. Current price N39.25

unite4real:
If GTL is the problem and not WEMA, so i will advice you keep your wema. Sell on or before qualification dates, then re-enter after markdown.

Anytime you want to cash out, you can sell and the proceed of your sales has nothing to do with GTL.

This is what i would do

Noted. Thank you. Mostly unclaimed/new dividends. Wema Bank was an interesting case with a mouth watering Rights offer juxtaposed close to dividends and presenting value all the way till date, making the above strategy a bit more challenging.

Locotrader:
Cileasing is not a low revenue company.They have their shareholders in mind hence they depend on leveraging issueing commercial papers than raising funds via right issue or private placement.

Judging by the last result which is unaudited 2024,they made a revenue of 37B which is almost 100% from the prior year.
They would have make a good profit if not redemption of commercial paper they issued sometime in 2024.I still believe they can still pay dividend if they want even if it is 5kobo to shareholders.

The company assets has risen to 113B in 2024.The 2 foreign subsidiaries are positioned to make money in the leasing and marine industries.In Nigeria,the presidents CNG initiatives are looking favourable to them because of the sector they operate.

I am anticipating a 100% revenue increase for CIleasing and a good profit margin in Q1 2025 which is about to be released.

Cileasing is not a low revenue company and I also believe their profit margins will increase in all the quarters in 2025.Economy is improving.Multinarional companies depend on leasing than outright .In the leasing industry in Nigeria, Cileasing is number one.Leasing and marine industries contributed immensely to the growth of Nigerian economy in Q1 2025.More are to be seen as the year advances

Pa Emma will tell you more about CiLeasing from the 1990s. What of the huge Eliminations in their last final FS and the significant drop in Group earnings? Lets see their Q1results first. I wish them well.

Locotrader:
Oga why you dey write thesis for practical things?
Why you dey compare rats with rabbits?
In as much as I believe Ellah is a growth stock,plenty things needs to be done

Why did they choose the option of diluting shares when they can sell commercial papers?
Did others start by diluting shares?
Check the outstanding shares of okomu and presco and check that of Ellah.Cant you see they are not in the same league?

My problem now is Ellah's latest results is not good,what prompted the rapid rise in price?
When the audited result is announced in the next few months,this same share price will nose dive.
They should do well and sell commercial papers. This is the only news I will appreciate than doing right issue or private placement/ public offer.

I have to thank Ellah for rewarding me to where I think I can stop until I see the next line of action which must be a positive one that can impact on the top and bottom lines.

Sir, there are many types of CEOs, the smart ones and the dumb ones. What if…. Just what if in the future the shares are reverse stock split? Would your opinion change sir? That's what could happen once they become profitable. Commercial papers are not free sir. They come with interest. Salt and pepper are not the only seasoning in the market…..deep thinkers will always go further.

I appreciate your response in English. Made rebuttal a lot easier. Thank you 🙏

Locotrader:
Peter,Loco made N7+ million in Ellah.I am done with it for now.
I will be interested to continue when I see the price at N10.
When a company wants to raise money to continue in operations,no Jupiter will block their way.They need to push the price to their desired junction in order to offer the right issue or whatever deems fit to them.

Ellah is a serious trap for now

Countries also raise money to continue operations. Nothing wrong in raising capital as long as it's put to productive use. The stock markets exist not just that we can make money, but that the companies too can raise funds and economies to grow. Little wonder a country’s GDP can track the stock market and vice versa. We as investors contribute to this growth by buying a stake in the companies we hold. It's not gambling as someone once put it, it’s we helping companies with good models to flourish and the sick ones that they are exposed. The stock markets are a beautiful mix of common sense, knowledge, fear, and greed. Often its like a phatomine and we all need to sieve through it all. Time only tells which side of the spectrum at any point in time, an investor/trader has fallen. Except those that are privileged to have insider information, the rest must sweat it out through due dilligenge backed by research.
A Billion Naira holding in Presco today, could well have been an investment of a few Millions years back. Our prayer, May God grant us life to reap the fruits of our investments; for with time, many will become Billionaires through the Ngx.
May we all prosper.

aj8:
Betaglass Common Sense Target now N266.56

Betaglass has hit the target. Hold for now.

Amaa2019:
Has anyone gotten his wema bank dividend?

I have not yet. Maybe a few more days. I plan to give them till Wednesday week before I initiate correspondence.

I am invested in Ella Lakes. I have confidence in the company. I believe in the vision and believe that the management has all it takes to deliver on the vision. How I wish more Nigerians would think more like them and Dangote; Invest to solve a need. And the need here is clear. The stock market was created for companies like this… creating a platform to raise capital and reward hard work. The last few years have been challenging for even the Blue Chips. “Green chip” Ella is weathering all the storms and will excel. That FPF is already available is heartwarming…and just that the mill is not ready yet but is still ‘work in progress’. Once the mill is running, the price will shoot to 10. That will happen soon. The team cannot fail. They have brilliant minds. And, Chuka is one of Nigeria’s best minds. The land bank is massive…from the audit report… and should provide some comfort for long-term investors. This stock is not for trading. Sink in only funds you won't need for the next few years. Those in Ella Lake, stick in there. Time will reward. Everyone has to be passionate about something.

ojeysky:
You gerrit, don't want to hold that much funds for long term on Ellah again. I also don't like that they've not released their Q1 up till now and no news about their activities so far. Especially the factory they said will start at Q1



I am still in with my original 75% stake, maybe the interesting part will recover my 10% loss and then continue to move with una

Their year end changed. Adopted at the last AGM.

crownprince2017:
When people buy things without reasons, you are bound to sell at loss without reason.

Another quotable quote “ When people buy things without reasons, you are bound to sell at loss without reason“

Crownprince2017

No ill intended

ojeysky:
Reduced my stake by 25% on Ellahlakes today @ about 10% loss. We moved

Just when it’s about getting interesting.

Streetinvestor2:
Oga are you sure.Are u saying people whr ready to buy wema at #9 above the right price. How much is wema on the floor

Unless an error from the NGX my brother.

faoogoke:
My broker sold my WEMA rights and the account statement he gave shocked me to the marrow.
Please gurus in the house is this statement true.

08-May-2025 05-May-2025 Stock Sale: 500 RR25WEMA @NGN1.05 for A/C 49286 N510.09
08-May-2025 05-May-2025 Stock Sale: 214,166 RR25WEMA @NGN1.00 for A/C 49286 N209,832.87

E gba mi o!

Depends on when exactly they sold. Initial started at 0.50 and as of yesterday sold at above N9.0. Rights are sold based on perceived market trajectory. It’s not a gift offering. It might have been best if you gave a limiting price. It’s unfortunate as you could have gotten more.

faoogoke:
My broker sold my WEMA rights and the account statement he gave shocked me to the marrow.
Please gurus in the house is this statement true.

08-May-2025 05-May-2025 Stock Sale: 500 RR25WEMA @NGN1.05 for A/C 49286 N510.09
08-May-2025 05-May-2025 Stock Sale: 214,166 RR25WEMA @NGN1.00 for A/C 49286 N209,832.87

E gba mi o!

Hmmmm.

Wema that’s going to above N20.00.

faoogoke:
My broker sold mine on Monday for a process I initiated the day the offer took off.
Contact your broker and give them no rest.
I hope you make it with little time left for the offer to end.

Thank you 🙏

Please has anyone information on how to sell rights on the NGX platform ( during market trading) ? RR25WEMA. I see sells populated on the ticker but can’t seem to access it. Kindly guide me please.

sterlingD:
What happened is this as stated on page 11of the financial statement

Basic earnings per share are calculated by dividing the profit for the year attributable to shareholders by the weighted average number of ordinary shares in issue during the year.

The calculation of basic earnings per share as at 31stMarch2025 was based on the profit attributable to ordinary shareholders and weighted average number of ordinary shares outstanding:

The figure circled in yellow was what was used to calculate the EPS which was then annualized

35,800,740 / 17, 858,502 = 2.004689

Annualized 2.004689 * 4 = 8.0188 approx. to 8.02

l am still trying to understand the factor that they used to arrive at the weighted average. They have been using this method. l went back to review last year's quarterly financial statement and l noticed this same patten was used to calculated and arrive at EPS for each quarter which was then annualized

In other words, something must be right or CBN, external auditors, all the egg heads in Wema etc., must be wrong to approve year end 24.

Fidelity vs Wema….quite a match playing out here.

Betaglass Common Sense Target now N266.56

yMcy56:
NASCON or DS?
NASCON will still find it's feet back I Blvd.
E go reach a time when both go Waka separate, because I can't even understand the punishment for another stock's sin

NAHCO

aj8:
My sister, is there a change in CEO? Kindly peruse.

Page 4

NAHCO.
With a change of CEO, will be prudent not to assume that the trajectory would be automatically sustained, though could be surpassed. The taste of the pudding is in the eating.

yMcy56:
It might not even reach 9mths if it continues this way.

* Meanwhile, it seems Sugar's result is bad, having negative impact on Nascon... 😑

My sister, is there a change in CEO? Kindly peruse.

Page 4

unite4real:
Take the PAT and divide by the OS for the Q1. Multiply by 4 to annualize and you are still way faar from the EPS they reported

Refer to the note…14

jonnysessy:
ZENITH BANK 2024 FINAL DIVIDEND.

This is the first time dividend is paid, and am yet to be credited. This is strange, despite having a valid e- dividend mandate for dividend in the same bank for dividend. Do we now have to wait for T + 3 days. I thought dividend payments is instant. I also thought having the same bank for dividend is a added advantage ( though, it was Veritas Registrars that change my dividend bank without my consent when they discovered I have an account with Zenith Bank)

No wonder someone was trying to find out the best Registrars on this platform , so that he can consider their stocks. I actually felt that Registrars doesn't matter as what one should focus is a good stock. Well, I have no option but wait as I have discovered am not the only one with this issue. But, Zenith Bank needs to improve as dividend payments ought to be seamless especially having their Bank for dividend. I have no choice but to wait. The vulture is a patient bird according to James Hardley Chase. In investment patient is a virtue.

Lesson learnt: Never spend money you have not received.

Sorry, it can be quite frustrating. Give Veritas till tomorrow close of work. If not through by then, send a nice email. They are good with emails.