₦airaland Forum

Harvestock01:
Time to move on from Ella in search of the next diamond in the dirt.

Mankind2024:
Ellah Lake is my FCF today🤣😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑

HesInMe:
Is it really that easy to collect other people's money? Perhaps Ellah will get to 5. Or even 10! But it'll not be the fundamentals that drive the stock there for the next few years.

To claim that management is transparent doesn't even pass the laugh test. They have consistently over-promised and under-delivered over the years. Investors have short memories. Remember those 500 pigs they had? Well, they've "culled" them pigs; the herd was too local and unproductive, apparently, so they now have to breed improved pigs. No more revenue from pigs till 2026 or later.

So focus on oil palm, now that Presco is all the rage. I looked up a series of satellite imagery of the Edo plantation from 2024 and 2025, using the rough location the company was shamed into disclosing. (It's not hard; drop these coordinates into Google Maps and Google Earth, then zoom in: 6°01'46.9"N 5°51'31.8"E.)

If I have the right plantation, which was the only one within 2400 hectares square space from the Oben gas plant, a number of observations:

- There are actually plantings of oil palm. You can see the fronds if you zoom into the cleared area. Optimal industry practice is to space oil palm trees about 9m apart, and you can confirm that is the rough spacing using the Measure Distance feature on Google Maps.
- The planted area seems well short of 500 hectares the company now claims. (First, they only disclosed they had 2400 hectares total, but had cleared 900 hectares.) My best estimate, again using the MD feature to gauge the planted area (which has some error), is about 200 hectares. And I was being extremely generous.
- The planted area does NOT seem to have changed meaningfully from 2024. Maybe they are counting the seedlings in their nursery.

Bottom line, this company get k-leg. Their short-term strategy seems to be to book revenue from milling last-last, raise new equity, then sort out the actual plantation over the coming years. Maybe they'll get there. But that road long. I'd rather stay with Presco.

Princkez:
ELLAHLAKES has dropped oil mill and palm plantation address ooo...incase you want to go and verify you are welcome,oil mill to be commissioned by end of this month.

megawealth01:
This market is sweetie if you ignore noise and maintain your FOCUS after proper knowledge. Just understand that time and patience reveal...

My ELLAH is full bid 😘
My NB still cool 😘

Just understand the game and you are good 💯

Payunsin:
Start buying Cadbury now before their full recovery.
It's a potential N100 stock

Princkez:
I don't know yet ooo,just a rumour...we wait and see

Princkez:
I dey hear acquisition rumour on ELLAHLAKES...nah rumour ooo

Princkez:
ELLAHLAKES on full bid #3.94

unite4real:
has the settlement not always been T+2 or am i mistaken?

crownprince2017:
Another window to clarify your doubts.

Locotrader:
Chuka has done the highest thing he can do.
Maybe he did this to respond to Mankindman and other shareholders like Nosa who have been asking questions.

Jijo people decided to make use of the interview for 10-30%.

Ellah shareholders should plan and visit the farm and ask those workers in the farm some questions about Chuka & sons Enterprises.

I don't like the next support of the share price if nothing serious is done.

HesInMe:
So, for this supposedly farming operation, buyers also bore Ellah's expenses for:

- Raw materials and other inputs (seed, feed, fresh fruit bunches for mill, fertilizer, pest control, crop insurance, etc.)
- Direct labour
- Overhead costs attributable to sales (e.g., facility costs, electricity, equipment depreciation)

Sales straight out of thin air... And we thought Oando's financial engineering was next level.

Una neva see.

Agbalowomeri:
Ahh you put Access and ROE in the same sentence

KarlTom:
Yes it is.

The sales were at no cost to the company.
More like the buyers bore the cost of transportation etc...

Mpeace:
Along the line, I heard something like "the next equity raise"
Hmmm make them make small profit first naa. We don dey this thing for long. Make we enjoy small before the next equity raise abeg

crownprince2017:
I will personally send you the address myself but to your email.

thebargainhunte:
Ellalake don release their bomb, make Una check am, make Una no forget to tell us wetin dey result.

vefexam:
I remember i do have an account with these people.

Whats there commission like?

Care4:
I use them too. They are not near the best. Slow response, high fees. Some MARKET orders dont even market it to the market floor.

Firebox123:
don't use this website or app to invest

Low review on playstore

Probably scam

orriyomi33:
Is it a website or an App sir

orriyomi33:
Good evening house.

Which stock broker is the best in investing in Nigeria stocks?

I'm currently using Bamboo.

DeRuggedProf:

We can allow you enter first even if you alert us on time. What are friends for. We are good people...
I love your honesty.

Locotrader:
From Gtb Bank to Digital Agriculture.
Don't forget to display the pictures of the farm when you see it.It will help boost your ministry.

BabsO2:
Now you are making me more bullish on Ellah.
I recall Nosa was bullish on NEM years back.
In 2009 the lowest NEM went for was 50kobo. (Don't know if they have had a stock split or reconstruction since then) Right now NEM is N15.
That is 30 bagger. That was an excellent pick in hindsight based on market price today.

PETERiCHY:
Back in 2009 I bought NEM @ circa 35kobo based on NOSA recommendations and later sold @ circa #1:00k in 2010, Today it's selling @ circa #15.

The question now is those rushing into ELAH LAKES are they ready to wait for 15ys in other to get the full benefits

Streetinvestor2:
The first time I bought presco na #29 before I sold below #100.The thing still they pain me each time I see the present price of this stock because I had big quantity then.