₦airaland Forum

What is happening to Abbey Mortgage Banks, someone has been dumping 10s of millions daily for like 4 days straight now going below 5.40 tomorrow. Any gist from the grape vine?

Coolcash1:
Buy CUTIX and thank me later.

why do you say this sir

where did you get thi? can you share the link

Raider76:
Please why is NEIMETH giving a RI of 1 for 7 at N4.00 per share when it's SP on the floor today, the qualification date, is N10.75?

And I bought some shares today. Do I qualify?

Excellent, thank you very much

deathwing:
Beware of Bamboo.
They were the pioneers for bringing NGX to the masses but they have issues regarding updating pricing and customer service. I use Cardinal stone and they reply emails fast (they reoleid me within 20mins this morning for eg). I don't know what kind of service you are looking for but my Customer Service experience so far has been great.

Modified: You can ask Cardinal stone about the services you listed before enlisting.

Thank you. Customer service is very important for me

nosa2:
I use Investment one and Bamboo and I recommend both of them

Thank you for replying, do you have an suggestions for a better broker, that would be helpful . I dont want to go elsewhere and be stuck with the same same

nosa2:
If you are not happy with their service get another broker. Its not by force to use them

Question to the house:
Please, what does it generally take for a broker like Meristem to assign a dedicated account officer or offer access to more tailored services such as specialized products, detailed research reports, or reduced fees?

Is there a specific portfolio threshold that typically qualifies a client for that level of attention? If yes, what ballpark range are we talking about?

I’m currently not satisfied with the level of service I’m receiving, especially considering the fees and I’m wondering whether it’s simply because my portfolio, while modest, is within the upper double-digit millions.

Are there brokers out there who provide stronger client engagement and better support for investors in that range? I’m beginning to feel like I may be too small for Meristem and might get better treatment elsewhere if I move.
thanks in advance

So what is the surprise Cutix say they have. they made a twitter announcement surprise coming soon. Hope its not rights issue LOL

chimex38:
Copy and paste gone wrong.
Unedited sections..
Now I see the correlation between their results and the Tie the CEO was wearing the other day which someone pointed out..

Please Eli5, explain like i am 5yrs old

aj8:
Relax. The first was unaudited. Now this should be the audited but wrongly captioned. They would probably correct in the coming week. That is not to say I am impressed….far from it.

A loss of 1.5 billion is scary oo , I hope they get this December deal and it goes through. that's almost 3 times the unaudited, that's a huge difference , all this accounting abracadabra, i don't like it . Well Ellah has a cult following so hopefully that keep it stable for now. I invested recently even when my mind said no , lol .

aj8:
https://doclib.ngxgroup.com/Financial_NewsDocs/45407_ELLAH_LAKES_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_NOVEMBER_2025.pdf




Should have been stated as audited FY as at July 31st or year ending July 2025. However, shouldn't they be in breach signing in October?
Needs to be made readable too. Financial signees on certification (Head of accounts, Financial Manager) are not consistent. I wish they would pay a bit more attention to what is handed out to the public. What of statement ending September 2025? Already in breach I guess.

the link says november but its july results and some numbers are just widely different , see personnel expenses or the loss for the period ..Wahala

OMG ! Ladies and gentlemen ..Ellah Lakes, same period EOY July 2025, different results ..
May God have mercy , I am invested in this company. Please someone explain this and tell me I am tripping, please tell me how I am wrong

aj8:
https://doclib.ngxgroup.com/Financial_NewsDocs/45407_ELLAH_LAKES_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_NOVEMBER_2025.pdf


Same as before https://doclib.ngxgroup.com/Financial_NewsDocs/45407_ELLAH_LAKES_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_NOVEMBER_2025.pdf


November

Someone in Ellah lakes must be annoyed with them , you are right both files are as at July 2025 but the numbers are different .OMG !! I am going to try and clean and enhance this new one, something fishy is going on . I wonder if we have investigative journalists who will look into this

mikeapollo:
This should not be a big issue.
The fault might be from the scanning machine that was used to scan/upload the result, either at the company or NGX and can be rectified/reloaded easily.

I hate how Nigerians roll over so easily, always managing. No it should never have made it to the public. This is not some ministry (which doesnt make it better) this is a multibillion company we are part owners , so i have every right to be pissed . Did you see the first result page where they used tipex to change some numbers then scanned it hahahahaha Jesu!

Mpeace:
https://doclib.ngxgroup.com/Financial_NewsDocs/45407_ELLAH_LAKES_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_NOVEMBER_2025.pdf

Ella is here

Can you read the nonsense? Ngx should start giving fines to companies who post results you cant read . 1 million naira per day the rubbish stays up LOL. Absolute disgrace, and we want oyibos to come

Retnaija:
Good morning Aj8. Thank you for this common sense target table on the banking sector. I observed that the target for Jaiz is 2+. Is there a reason why its' low as I thought it should range within the N6-N9 band.
I must be missing something. Kindly clarify and if you'd be so kind as to do something similar for consumer goods and industrial goods sector.
Thank you.

The table is a relative value model, not the market reality.
It tells you who’s cheap compared to GTCO, not who’s absolutely cheap in the market.

So:

UBA, Zenith, Access → cheap vs GTCO

Stanbic → expensive vs GTCO, meaning investors pay a quality premium

GTCO itself → used as baseline

Locotrader:
Royalex has the best Q3 result among the penny stocks in the insurance industry.

Thank God results don dey show .

Traffic go so Chanel to the companies with good Q3.

YOU ARE WRONG !!
Here’s a clean side-by-side comparison of Royal Exchange Plc vs Veritas Kapital Assurance Plc (Q3 2025) — all figures in ₦ million for clarity.

Metric (Q3 2025) Royal Exchange Plc Veritas Kapital Assurance Plc
Gross Premium Written ≈ 1,855 18,680
Insurance Revenue ≈ 1,640 16,310
Profit Before Tax (PBT) 1,486 4,883
Profit After Tax (PAT) 1,486 4,124
Total Assets 11,132 36,356
Shareholders’ Funds / Equity 7,625 19,468
Earnings Per Share (kobo) 36 ≈ 30–32
YoY Profit Growth (%) +90 % +44 %
Return on Equity (ROE) ≈ 19 % ≈ 21 %
Leverage (Assets ÷ Equity) 1.5 × 1.9 ×
🟩 Quick Verdict
Category Winner Comment
Profitability (ROE / PAT) Veritas Kapital Larger profit and slightly higher ROE.
Balance-Sheet Strength Veritas Kapital Bigger asset base and equity cushion.
Growth Momentum Royal Exchange Faster year-on-year rebound from a small base.
Efficiency / Scale Veritas Kapital Operates more efficiently with diversified income.
Valuation / Size Veritas Kapital Roughly 3× larger balance sheet.

✅ Best overall: Veritas Kapital Assurance Plc – stronger earnings power, balance sheet, and efficiency.
⚠️ Smaller but improving: Royal Exchange Plc – solid recovery and lean leverage, but far behind in scale.

GeeKudi:
How come nobody spotted this obvious error in the figure quoted for Q3 Income Tax Expense in the NAHCO report before pushing it out? Could this be the reason people sold it off today?

Good observation, tax is more than revenue. abi na new tinubu tax be dis hahahaha

SOS Livestock in distress
https://doclib.ngxgroup.com/Financial_NewsDocs/45245_LIVESTOCK_FEEDS_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_OCTOBER_2025.pdf

Like SS Below and C&I leasing will reach 15 naira too by december abi LOL

PETERiCHY:
TIME will COME when JAPAULGOLD will HIT 🎯 #15..

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS* octopus 🐙🦑