₦airaland Forum

zendi:
Keep your eyes prayerfully on crude oil.

Brent should absolutely not drop below $60, because Nigeria's cost of production is said to be above $40.

mikeapollo:
Oando will surely pay for our patience.. It is a must

chimex38:
your food don Land

BabsO2:
16Apr2025 = 60Kobo
19Aug2025 = 40Kobo

Streetinvestor2:
How did uarrive at #1.
I thought the interim dividend is 40kobo

SonofElElyonRet:
click on the earlier posted link
Meanwhile, can't find that my post on the thread anymore..

SonofElElyonRet:
"Mordi stated that Ellah Lakes remained committed to sustainable value creation for shareholders, stressing that once the company became cash flow positive, its top priority would be the distribution of dividends"
@EDUECO and other Anti Ellah "ECHOES"

EDUECO:
It should be 7 to 10 years if the management is honest.

KarlTom:
A NEW DAWN

chimex38:
I will personally report your moniker to Wale
You no go receive tranche 2..😂😂

emmanuelewumi:
If you invest in solid dividend growth companies, the dividend grows faster than inflation and rent increase

1 million units of Nahco paid a dividend of N2.9 , million last year, same 1 million unit paid a dividend of over N5 million this year

EDUECO:
I call Dividend Stock Investment the 'Invincible Real Estate' !

emmanuelewumi:
I am still buying Presco, Nahco, Zenith, Aradel, GTCO and Okomu


This month of August these wonderful stocks and bonds, will give me a modest dividend and coupons of almost N6 million

emmanuelewumi:
It was an integrated energy firm when the public offer was marketed 20 year ago

Also spent over $1 billion for the purchase of ConocoPhillips asset about 13 years ago, we thought that would be the game changer.

That does not mean things won't change in the future, afterall the motto of the company is " Oando- the future".

SonofElElyonRet:
I'm just saying his non inclusion of the encounter will not constitute proof that it didn't happen. He has a reason not to include it. He's Muslim. He could face backlash from fellow northern Muslims for "advertising" Christianity

GeeKudi:
Not just this. There is a state owned palm plantation with refining facility that is up for sale by the Cross River state government.

crownprince2017:
I personally i said here that ellahlakes CEO has a tangible results as his bargaining power which is yet to be revealed to the public.

Its important to also note that, I said they just want to corner some as they are feeling entitled just like majority of us will do. How much they want to corner is what we don't know.
That dangote guy will never come if he did not see breast in loco voice.

But time will reveal who is correct between us.

SonofElElyonRet:
The thought crossed my mind but it seems highly unlikely that Ellah wouldn't know that Presco would be interested in the asset and would be ridiculous to think that Ellah would hope to beat Presco to an asset belonging to the latter's chairman

emmanuelewumi:
Personally, I don't want to believe the revenue figures quoted by Ellah Lakes.

I believe it is higher than that.

Micro and smaller businesses are generating more N70 million revenue in 9 months

emmanuelewumi:
But it is selling at a premium to it Book Value of 6. It should sell at a discount


The net asset of about N23 billion could only generate a meagre revenue of less than N70 million in 9 months

Dupeodus:
Yes, I know that. The multiples of book value over capitalization and low p/e ratios are the primary reasons I reallocated my portfolio to the quality banks. However, a single incident of write off of a large troubled asset can wipe off the shareholders' funds and the p/b ratio is suddenly not as juicy as it looks.

emmanuelewumi:
It is selling above the Book Value even though it not profitable and declaring losses coupled with poor revenue...

For the justified Price to Book Value ratio to be more than 1 on BGX, the return on equity must above 20%

megawealth01:
Today's Top Volume Trades

SonofElElyonRet:
Yes
Loco's N10 projection would be good though

EDUECO:
EPS of around 3+ Naira for half year and someone rebuked me for calling FCMB as a blue chip company. The 3+ Naira is about 25 percent of the current stock price.

Someone should tell me if the half year EPS of Nestle, Okomu,Presco or even GEREGU is up to 25 percent of their current stock price?

Many investors relegate the earning factor of any company when buying stocks. The future success of any company depends on its good or excellent earnings potential and not on its poor or fair earning potential.

The intelligent investor must take cognizant of the intrinsic value/margin of safety when buying a company's stocks.

A company that has consistently been paying good dividends is a company that possesses intrinsic value;and such a company has margin of safety.

SonofElElyonRet:
Did rough calculation. Stand to be corrected. Japaul currently has 14 billion shares and going to 100b shares meaning they are creating 86b new shares. They're raising N500b. 500b ÷ 86b = N5.81 per share. Roughly price per share for capital raise. Floor price expected to exceed this

mikeapollo:
Okay, I think there are two issues involved but we've mixed things up somehow:
1). Oando refunded money (equivalent $635m) to two shareholders, which reduced their equity balance, going into negative.
2). They received shares forfeited/returned by some related entities who could not settle their debt. in cash.

The shares from (1) and/or (2) above are the ones being redistributed to existing shareholders now.