₦airaland Forum

chimex38:
2027 Ending
After dem don acquire CBN

Streetinvestor2:
APR what is the catch.I have sold half and moved to chams with the cash....nothing personal
Ipo thing @1.20

Streetinvestor2:
This one una no want to update us on watin they talk for dogoyaro farm agm.watin management tell una as per lack of revenue

PuristForest:
https://ewnation.com/afriprud-on-path-of-little-resistance/

Omooloriredade:
You sure you read the report? Interesting!

The goal of my post is not to confuse or convince you to buy Ellah Lakes. I'm drawn to point out a few things so you have a better understanding when looking at reports like this. In fact, I encourage you to not touch Ellah Lakes with a long pole. It may not be good for your portfolio or health. They are still haemorrhaging. Pretty sure you are smart enough to know this anyway.

* Sitting on N3.9B in retained losses.
* N260M loss in the October quarter alone
* Possibly on track to reach N1B by year end. Well, change in financial year end to December in play here so may be restated......... Let's leave it here.
* Private placement to raise capital is still ongoing. For how many months na? O gi ni?

So instead of CNTRL+F to find "PIGS" in the report, maybe try "biological assets"?

Permit me to provide a summary of the farm related items of interest to you. No photo o so e fit still be scam or audio.

Plantation value as of 31st October
* Palm - N594M (A N109M addition in the October quarter)
* Others - N80.5M

Livestock value as of 31st October
* Pigs - N51.2M (Wait! What! It's in there? . Not really. They didn't quite mention PIGS)
A N31.8M increase in the Oct quarter.

Plant and PEN construction as of 31st October (You may need to look up the meaning of the bolded. Please let me know what you find)
*N256.5M (A N48.5M addition in the October quarter)
* Safe to assume CPO mill construction is included in "Plant".

Hey! If you are free on Thursday say about 11am, while not jump on the Zoom link that will be shared by company for their AGM. It will be live streamed. I hope shareholders that receive this link will be kind enough to share it here. At the very least, it could provide some comic relief for you? The scam shouting fit go next level after the meeting sef.

Disclaimer - Not a buy or sell recommendation. Ellah fit be just lake o as we no see any photo. DYOR.

Mills55:
We are still waiting for FBHN dividend. I'm yet to receive mine, despite using First bank account.

Sunrisepebble:
MD of Ellah Lakes sold 80mn units

Raider76:
There seem to have been an off market crossing of 1m shares of TRANSPOWER today. Please does anyone know at what price?

emmanuelewumi:
You only average down a stock that is doing well fundamentally but the price is falling.

I averaged down Presco, my average cost is less than N180 even with the purchases I made last week at between N450 and N455

chimex38:
Imagine.

Typical First bank businesses
First to start, bottom place years later.🤦

Kwibaba:
Oando is here o

emmanuelewumi:
But was not N5 million

emmanuelewumi:
In 2008 FBN securities asked clients whose portfolio was less than N5 million to transfer their accounts to other houses.

Cardinal Stone was newly established then, they just captured the clients given Red card by FBN securities, fast forward to 2020 and beyond Cardinal Stone started getting more businesses than FBN Securities

emmanuelewumi:
Cement

emmanuelewumi:
That was why they converted their loan to equity. Why didn't they get the loan from a bank.

MBC is a stockbroking/Investment banking firm. I don't know much about the capital raising exercise of Ellah.

MBC might have been the issuing house to their find raising exercise.

During the IPO of Presco at N5.00. Tbe offer was not successful. Stanbic IBTC being the issuing house to the offer had to warehouse about 100 million shares and paid Presco the fund they required.

Stanbic IBTC was then invited to the board of Presco represented by Yinka Sanni, Chief Segun Osunkeye the former CEO and later Chairman of Nestle became the chairman of Presco.

As God would have it few years after Presco was listed, the company became profitable, paying dividends and growing earnings, Stanbic IBTC was able to sell their 100 million shares for N20 per share with 5 years it was listed

emmanuelewumi:
At times the creditor might not have any other option to getting his money back other than accepting to cover the loan to equity and then have a seat on the board

The Koko is the loan conversion rate and other benefits as a board member and a major insider

OakPearl:
Keep it simple:
If someone who has 1 million Transcorp sees N48 million as it still reflects in most digital portfolios decided to sell 200,000 out of his reconstructed 250,000 (though he is not aware his total is now 250,000 post reconstruction) the transaction will not sail through?
If you understand that it will, that’s what I’m saying.
In his mind he thinks he still has 800,000 left out of his pre-reconstruction 1 million, not knowing the reality is that his 1 million shares is now 250,000 shares post reconstruction.
To him, he has booked huge profit selling 200,000 at N48, being ignorant that what he will be having left is just 50,000 Transcorp shares and not 800,000 shares.
You get my point now?

OakPearl:
Analogue brokers clients may be selling down thinking they are booking profits from the unchanged quantity with post reconstruction price.
Wahala!

megawealth01:
UBA is a goal. I will use the loots of UBA, ACCESS, FIDELITY and a few others for my 4th account. E get one stock wey dey enter my eyes but it never reach my desired ENTRY

We are all expecting that stock to fall yakata

designking:
He is a smart businessman that understand the power of money and strategic thinking.

This is one reason people should keep stockpiling Dangote Sugar and NASCON and even pray the stock price deep further so that you can buy more units.

DangSuga and Nascon are great investments waiting for an explosive rally.

BabsO2:
And someone reported here a broker that also visited bought some at 2.9

Does nothing is really going on there means there are no lands with palm trees growing on them with fruits coming up for harvest soon?

Sunrisepebble:
What is driving Ellah? They invited a broker friend of mine over a few weeks ago and he told me nothing is really going on there besides piggery at the moment

Megapower:
Can you share where one can find these info - all in one place?

Streetinvestor2:
This post made be discover sweet shock. Not the type of Agba oh.This has to do with the MD of that seplat.You see that madam MD was something else in 93 set in D then
It is good to sabi book.The madam brain dey hot just like the papa the great late Prof of chemistry department ABU.Well know with his special gray hair everywhere. The house that was wonderful to us whr plenty different plants wr growing in lab tubes.
That madam made plenty chop drawing of ears/knock from thr parents in prize and speech day oh.You go hear best student in maths na madam.She go come collect prize go seat.After like 2 minutes you go hear best student in chemistry she stand go collect price.This happened in all science subjects. Na so other students begin collect from thr parents..lol.That H family is doing sharp.The younger H man is the MD too in a big global company producing a product with name N for all house hold here and abroad.
The madam na serious brain since oh.Weldon ibi ada H as I use to know her.The signs was always with you.

megawealth01:
Those who said this government is in good terms with Alhaji might be right after all because Bulaba na correct politician wey sabi the game wella

Emir01:
I used to laugh whenever I hear this statement, Otedola has a stake in Dangote refinery, Otedola and Tinubu are very close, he supported Tinubu from the beginning to the end during the election. I still don't understand how people know that Tinubu don't have stake in d refinery as well. Tinubu on his own is silent investor.

chimex38:
Exactly, as you stated in your last line Sir.

As a new business you cant have assets generating 0% for 2-3yrs or more as a commercial entity, especially a public one.. (though I doubt that's the case)

Streetinvestor2:
Which flimsy excuses. You still dey learn job.They invite you all to come see farm. You all gather after for car park go take pictures. Which kind street sense be dat.This was how I raised alarm about dangota rice during proposed marger.why didn't they take pictures to show the growth level of the different crop.we have seen how many digital agriculture trended in the past on social media.I personal have gone to Numan to see dangota sugar farm.They didn't need to take all those hustlers for paparazzi. They wound have done a video documentary of the farm like
dangota refinery and post on media houses for HATERS like me to see .In farm business it is not just immediate financials.Show the world this biological assets and let them see the possible time it would start yielding results and decide

BabsO2:
And Ellah Lakes kicked off with 10% on the next trading day. Missed out on this. And it is one the stocks that got a lot of attention on NSMPA. Wish those on board a safe journey. Nigeria needs a lot of entrepreneurial ventures to unlock its comparative advantages and unleash its potential.

yMcy56:
Pardon my ignorance o.
...buy the new shares have not been added to the existing one....
Is the EPS not yet on the old OS?