₦airaland Forum

DeRuggedProff:
I love this game!

Stock betting

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. +6.97%

Was contemplating picking more Oando at sub N50 should it drop below N50. Afterall what one buys now has no 1 for 12 pickin like one bought before Jun 30th.

sterlingD:
From the attached they will be moved to be listed as shares on LSE

https://doclib.ngxgroup.com/Financial_NewsDocs/44450_GUARANTY_TRUST_HOLDING_COMPANY_PLC-GTCO-NOTICE_OF_CANCELLATION_OF_LISTING_OF_GDRS_CORPORATE_ACTIONS_JULY_2025.pdf

Thanks. So it will be like nothing changed for GDR holders. And we will continue to get $ dividends without interruption.

Ellah’s book keeping and report presented to NGX is of low quality. They need to improve on it going forward. is in a good growth sector so I started buying last year at N4. Also bought this year between N3 and N3.5 Have since sold a third of my holdings while still keeping the rest. I sold what I sold to take profits and reduce risk in view of the planned huge N250 capital raise plans before gaining strong momentum from the turnaround that seems to have started. Keeping a large chunk of holdings as comparative advantage favours Ellah as already demonstrated by PRESCO and OKOMU.

Sunrisepebble:
GT will be dual listed. Find below:

If the GDR which GT raised in 2007 is cancelled and delisted, what happens to holders of the GDR’s. Will their money be returned or their shares listed on LSE or moved to NSE depending on residency or what ?

aj8:
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.

Lovely.
Pray the company is working aggressively towards the $1T economy.

SmartInsure:
Market overview for today

Excellent summary pictorial. !!

Please confirm the size of the rectangle is proportional to the market capitalization of the stock. Likewise size of sector rectangle is proportional to size of sector capitalization.

EDUECO:
Baba don abandon ship to avoid story story.

Just sold about a 3rd of holdings and still retaing two thirds.

Could Ellah be coming out with upwards review of Biological Assets?
Has the 3T oil mill started?. Ellah should notify the market of the commissioning.

Perhaps these two are under-pinning the price rally. Though I am not a trader but an investor, I booked some profit today primarily because of the uncertainty around the HUGE capital raise.

SonofElElyonRet:
Japaul raising N500b, double that of Ellah

It's for the $1T economy. BIG funds are needed.

megawealth01:
Who has gotten the first tranche, abi na even 3 years MAX we go wait to get an sef?

It could take up to 3 years to get it from that statement. Think it's better both tranches are released before the end of this year.

megawealth01:
Make Wale give us our first right na

Him no want confusion of longer throat investors, of wanting to get another 1 for 12 from the Tranche 1 they just got.

Omooloriredade:
Tax credit explained in Press release. It's from the reversal of corporate income tax provisions from prior years.

And why is it now justified to be reversed?
Covering for one-off major expenses like repairs of pipelines or one-off restorations makes sense, in order to project stable profit numbers which management believe reflects the underlying performance of the business.

yMcy56:
OANDO
Press release on Q1 2025 result....

https://doclib.ngxgroup.com/Financial_NewsDocs/44340_OANDO_PLC-OANDO_PLC-PRESS_RELEASE_-Q1_2025_UAFS__CORPORATE_ACTIONS_JUNE_2025.pdf

It's very clear on the last page that the same number of shares will be distributed in Tranche 1 and Tranche 2 with qualification dates of 14th February 2025 and 30th June 2025 respectively. Since it's the same number of shares, Tranche 1 cannot be distributed till after 30th June, in order to prevent confusion. And it is 1 for 12 shares held on the qualification dates that will be distributed.

otokx:
That total in addition for Q1, 2025 appears short by 1, why the hurry that the presentation could not be proof read, though it may be immaterial.

Perhaps if you see the decimal points you will see its simply rounding and perfectly accurate !!

opaclem:
Succinct

Oando H1 result will definitely be massive considering the resumption of the operations on those pipelines and some workover activities on NAOC assets.
Renaissance already indicated 40% increment on production on SPDC asset they acquired. I want to believe Oando will have more if they are transparent enough. I personally work on some of those fields.
Give or Take, Oando will definitely repeat last year rally in near future.

They may surprise the market by releasing H1 next month or early August latest. Will be good to see increased production, good cash flow and sustained profits.

Omooloriredade:
The "major pipeline vandalism they were battling in Q1" reported by yourself a while back, is obvious in this result.

If they have now been able to achieve 34kboe which was their 2024 exit production rate in Q2, then Q2 should be much better. I assume pipelines have now been fixed. In fact, I expect 34kboe should be a base rate not target.

I could be totally wrong with this one but I'm inclined to think the tax credit might be related to reimbursement of JV infrastructure repair costs. Industry upstream GM is about 50% if I'm not mistaken so reporting a loss is very unusual.

This makes the tax credit meaningful if so.

emmanuelewumi:
Talking about dragging. A company expected to make a profit after tax of N200 billion in 2025 having 1 billion outstanding shares can drag another company in the sector that is not sure of making a profit after tax of N1 billion yet having out 5 billion outstanding shares with plans to cover more debts to equity

That still doesn’t make Ellah comparable to Afroil. Yes it is smaller than Oga PRESCO and it just resumed cash flow from redoil. That’s why it sells at a highly discounted PB comparatively.

emmanuelewumi:
Similar factor dragged Afroil from less than N1 to about N100 because other stocks in the petroleum marketing products sold for N100 and above.

Unfortunately Afroil is dead, speculators got trapped and yet to recover their funds 17 years after

Haba. Ellah is not like Afroil. It will be clear when the 3T mill starts operating. Then with more numbers released in financial statements FA analysts can do better comparisons.

Streetinvestor2:
I am waiting to see the revaluation from the biological garden too.
What yr do you think they can hit 1 billion revenue from 68 millions presently. I dey ask for my friend

Till more numbers are made available, with the 3T mill up and running, tell your friend such calculations may not be worth it.

mikeapollo:
What would be the benefit or reward to the shareholders who had not received dividend for several years? Remember those shares actually belong to the shareholders, as owners of any residual rights/value in the firm, in the real sense.
In my view, it is better to first reward shareholders who had sacrificed for the company, before making moves to offer new shares to new investors or the public. That also serves as indication or evidence that the company is serious about rewarding its shareholders when opportunity arises.

In other words, you are saying management is confident in improved cash flow and wants to reward its loyal shareholders first before any attempted attempt to board new shares through PO or PP. Okay, make them release Q1 and Q2.

ojeysky:
Looks like the 3ton to 3x gains from Ellah is going to materialise before 3ton even become operational

They will come together. Once that happens revaluation of biological assets and rising cash flow will be the new fuel.

mikeapollo:
That Prophetutuocha should not be taken for granted when it is about Oando.
He seems to know a lot about Oando in particular.
I suspect this latest hint may be connected to the plan to raise more funds via private or public offer, debt or a combination. I may be wrong, though.
Not a buy or sell advice.
DYOR

If OANDO needs to raise funds via PP or PO is it not better to sell the shares that they intend to distribute instead.? If distribution continues it implies forget PP or PO.

chimex38:
@Sunrisepebble is perhaps right. It's been on the RENCAP news on nairametrics..
Someone even posted the link on this thread few days ago. About $910million in one nairametrics link and another $1.6bn in another.
https://nairametrics.com/2025/06/16/cbn-forbearance-new-rencap-report-names-banks-facing-dividend-suspension-till-2028/

Perhaps some of the news are just junks from the analysts. Zenith has booked the heaviest loan loss impairments over the last three years of N1.2 Trillion.
2022 N123 b
2023 N410 b
2024 N659 b

I will believe what Zenith says that in less than 2 weeks it ain't got any issue that will hold back Interim dividend payment come September 2025

I thought the Zenith impairments were crazy before the CBN circular. Now it doesn't look that crazy again.

ojeysky:
Ellah closed green with over 100m worth transacted, small money but considering their previous daily volume its a signal that one man's food is another man's poison. We go again tomorrow. This 3ton mill must do 3x returns at the minimum before end of the year

Ellah 3x returns will really be befitting for commissioning of the 3ton mill this month N9+ comes

Not Financial Advice (NFA)

nosa2:
you see Ellah doing 10x in 10 years?? I see it doing 10x in 10 months

Just being extremely conservative.
.

SonofElElyonRet:
Young shall grow

................................................

As long as ELLAH mgt do a good job taking off into growth it’s good. In successful ventures the growth phase returns profit that multiplies money like x10 in a shorter period than more mature businesses. New ventures also carry risk of failure. But if there is no failure money multiples like x10 in less than a decade.

toyeoye:
The bell just rang! 🎯
Early movers on the pitch:
🟢 Oando leads with a 6.18% sprint
🔴 AbbeyBDS takes a tumble at -9.91%
Action is heating up...who’s holding strong, who’s slipping?

📊 Catch it all live on StockBubbles.

Ellah taking the lead right now with 9.64% climbing to a price of N4.32, can it powered with redoil maintain the lead. Oando now dropped to 4th position at this snap shot.

PharoahIII:
I'm confused on whether to go with oando, but even I know thats a big gamble, hopefully it falls very quickly and very steeply too, and perhaps that would be the best time to buy. But something tells me oando will hit 350 in 5 years

It may even hit it in 2 years. The probability will be clearer as early as the release of 2025 Q1 or Q2. 2025 Q1 is even due.

KarlTom:
UPDATE!
TOEWay
Direct: 1,462,796,256 units

https://doclib.ngxgroup.com/Financial_NewsDocs/175_Notification_Of_Share_Dealing_By_Insider_-_Tony_Elumelu,_CFR.pdf

This looks like an arranged buy off from a big fund exiting. Nevertheless it’s good to see TOE picking it up and supporting UBA stock price. Consistent steadily growing dividend is the best way forward.

Mpeace:
Lol. He wants hold UBA firmly. He might drive the price up in the near future

At the last AGM he was emphatic that UBA is undervalued by the market. And that UBA will only do rights to complete the mandated CBN capital raise to ensure shareholders and not outsiders get value for their investments. In the same AGM Shareholders were emphatic on sustained good dividends.

Let him continue with good results and sustained good dividends and the market will naturally drive the price up.

Omooloriredade:
Not explicitly stated in the report but take a listen to below interview conducted after Jan qtr result.

https://www.cnbcafrica.com/media/6369844572112/ellah-lakes-ceo-dissects-31bn-debt-to-equity-conversion-/

The revenue will continue to grow exponentially for the rest of the year. We are not talking about P/L or dividend yet o so best to stay clear if that is what you are after. Management should be grilled about the Oil mill commissioning. What is going on gan gan?

A key summary:
Ellah Lakes converted 3.1 billion naira debt to equity, leading to the listing of 1.1 billion additional shares on the Nigerian Exchange

This translates to N2.82 per share for the conversion. This is likely part of the shares sold between end of January till date at an average price of N3.2 in the market.