ositadima1:
Based on current plans and progress, Ellah Lakes Plc is anticipated to commence revenue generation in 2025. Their 2,400 hectare oil palm plantation in Edo State is projected to commence oil production in 2024, and their cassava processing plant is also anticipated to be operational in 2024. Upon the operationalization of these facilities, Ellah Lakes will be able to begin selling their products and generating revenue.

Its total equity stands at 19.9 billion naira as at the end of July 2023, which has been increasing, primarily owing to land appreciation. The group has been incurring an average of 900 million naira annually to run the farm and business. I estimate that they will expend a total of approximately 2 billion naira before commencing revenue generation in 2025. This amount will be covered by land appreciation.

ELLAHLAKES possesses 5,000 hectares of land, with 2,100 hectares currently planted, while OKOMUOIL owns over 32,000 hectares of land, with 19,000 hectares planted.

Below is a simplified back-of-the-envelope calculation of what may be anticipated from ELLAHLAKES in 2025:

*Currently, OKOMUOIL generates 16.2 billion naira in profit after tax (PAT) from their 19,000 hectares.

*I project ELLAHLAKES to generate 1.8 billion naira in PAT from their 2,100 hectares proportionally.

*Assuming reduced efficiency due to ELLAHLAKES being relatively new, 0.8 x 1.8 billion naira = 1.44 billion naira in PAT.

*Earnings per share (EPS) of 1.44 billion naira / 2 = 0.72 naira.

*At the current price of 3.13 naira per share, the price-to-earnings (PE) ratio should be 4.34 compared to 14 for OKOMUOIL.

*Estimated dividend yield of (0.72 naira / 3.13 naira) x .8 = 16%.

Conclusion: If all goes well, purchasing it now or at a lower price, if feasible, would be akin to purchasing UCAP in 2020, lol.

Additionally, I have observed increased interest in the stock in the last 3 months. A stock that previously traded below 10 million naira in a month is now trading 300 million and 190 million naira monthly.

emmanuelewumi:





Who is the new core investor of Ellah Lakes.


Okomu was not profitable when it was sold by FGN at N5.00 per share


Presco was not profitable when it was sold by Edo State and Delta State government at N5.00.


Think of what we get from palm oil

Vegetable oil when bleached, margarine when the bleached oil is hydrogenated.

Body cream, soap production, drugs etc

Harvestock01:


Have you factored in the recently completed Rights Issue, into the equation?

emmasoft:


Telluria Limited now have a majority stake in Ellahlakes. The new MD Chuka Mordi is a Director in Telluria Ltd.

emmanuelewumi:




Thank you.


Chika Mordi used to be the chairman of United Capital

ositadima1:


This information is from four years ago. Also, the advertisement banners on Nairametrics are obstructing the page.

https://nairametrics.com/2019/06/19/new-facts-behind-the-acquisition-of-telluria-limited-by-ellah-lakes-emerge/

aj8:


The average of the last 2 dividends x 10 comes very close to the peak price before the declaration of new dividends in anticipation that the new year's end should at least meet the previous year’s yield if the EPS has been surpassed or met. This is true for most of the banks that average a yield of 10% assuming the shares were bought just before the declaration at the peak price before declaration. That price should climb after the declaration to reflect the yield and prospects of the stock. For example, Zenith Bank pays about N3.50 on average which x 10 gives say N35.00. This price would hover about this price till new prospects emerge, then the climb. Notice also the price matches the last organic EPS x 4 ( adjust without the variations induced by the foreign exchange valuations). Same for UBA, GTCO, etc. You can cross-check, and notice they would roughly come within a Neighboring range of x4 eps-x5 eps or x10 dividends. The companies however with huge FDI yields average about 5% so best to use dividends x 20 approximately…. e.g. Breweries, Oil and gas, conglomerates, MTN, Airtel, etc. I only buy these stocks for price appreciation once the price shows it’s well below a price commensurate with a 5% yield e.g. NB at current price and sell off once it attains dividends x20. Holding such a stock till dividends would mean you have settled for a yield of about 5%.

In other words to put it simply… if sentiments anticipate a 5% yield meaning that those invested in the stock are happy with a 5% yield, then the price would reflect 5% but the earliest investors probably got the stocks at a premium. earning far more than the new investors e.g. Seplat. , NB, Guinness, etc. since they bought at prices far much lower in the past.

So check the average yield in the sector. That should help. But 10% for banks. (EPS X4 or dividends x 10 most times reflects the target price before new EPS or dividends) .

Would be happy to apply the calculations on the next report of a company with a good yield so you appreciate it better.

Hope this clarifies it a bit better.

yMcy56:


Reminds me of @Deepsuk

ositadima1:
Based on current plans and progress, Ellah Lakes Plc is anticipated to commence revenue generation in 2025. Their 2,400 hectare oil palm plantation in Edo State is projected to commence oil production in 2024, and their cassava processing plant is also anticipated to be operational in 2024. Upon the operationalization of these facilities, Ellah Lakes will be able to begin selling their products and generating revenue.

Its total equity stands at 19.9 billion naira as at the end of July 2023, which has been increasing, primarily owing to land appreciation. The group has been incurring an average of 900 million naira annually to run the farm and business. I estimate that they will expend a total of approximately 2 billion naira before commencing revenue generation in 2025. This amount will be covered by land appreciation.

ELLAHLAKES possesses 5,000 hectares of land, with 2,100 hectares currently planted, while OKOMUOIL owns over 32,000 hectares of land, with 19,000 hectares planted.

Below is a simplified back-of-the-envelope calculation of what may be anticipated from ELLAHLAKES in 2025:

*Currently, OKOMUOIL generates 16.2 billion naira in profit after tax (PAT) from their 19,000 hectares.

*I project ELLAHLAKES to generate 1.8 billion naira in PAT from their 2,100 hectares proportionally.

*Assuming reduced efficiency due to ELLAHLAKES being relatively new, 0.8 x 1.8 billion naira = 1.44 billion naira in PAT.

*Earnings per share (EPS) of 1.44 billion naira / 2 = 0.72 naira.

*At the current price of 3.13 naira per share, the price-to-earnings (PE) ratio should be 4.34 compared to 14 for OKOMUOIL.

*Estimated dividend yield of (0.72 naira / 3.13 naira) x .8 = 16%.

Conclusion: If all goes well, purchasing it now or at a lower price, if feasible, would be akin to purchasing UCAP in 2020, lol.

Additionally, I have observed increased interest in the stock in the last 3 months. A stock that previously traded below 10 million naira in a month is now trading 300 million and 190 million naira monthly.

aj8:



For growth stocks I use eps x4 as target. I buy only when the price is significantly below this. However I calculate the estimated FY eps on the best quarter x 4 . E.g TIP . Buying only if the future looks bright.

ositadima1:
Based on current plans and progress, Ellah Lakes Plc is anticipated to commence revenue generation in 2025. Their 2,400 hectare oil palm plantation in Edo State is projected to commence oil production in 2024, and their cassava processing plant is also anticipated to be operational in 2024. Upon the operationalization of these facilities, Ellah Lakes will be able to begin selling their products and generating revenue.

Its total equity stands at 19.9 billion naira as at the end of July 2023, which has been increasing, primarily owing to land appreciation. The group has been incurring an average of 900 million naira annually to run the farm and business. I estimate that they will expend a total of approximately 2 billion naira before commencing revenue generation in 2025. This amount will be covered by land appreciation.

ELLAHLAKES possesses 5,000 hectares of land, with 2,100 hectares currently planted, while OKOMUOIL owns over 32,000 hectares of land, with 19,000 hectares planted.

Below is a simplified back-of-the-envelope calculation of what may be anticipated from ELLAHLAKES in 2025:

*Currently, OKOMUOIL generates 16.2 billion naira in profit after tax (PAT) from their 19,000 hectares.

*I project ELLAHLAKES to generate 1.8 billion naira in PAT from their 2,100 hectares proportionally.

*Assuming reduced efficiency due to ELLAHLAKES being relatively new, 0.8 x 1.8 billion naira = 1.44 billion naira in PAT.

*Earnings per share (EPS) of 1.44 billion naira / 2 = 0.72 naira.

*At the current price of 3.13 naira per share, the price-to-earnings (PE) ratio should be 4.34 compared to 14 for OKOMUOIL.

*Estimated dividend yield of (0.72 naira / 3.13 naira) x .8 = 16%.

Conclusion: If all goes well, purchasing it now or at a lower price, if feasible, would be akin to purchasing UCAP in 2020, lol.

Additionally, I have observed increased interest in the stock in the last 3 months. A stock that previously traded below 10 million naira in a month is now trading 300 million and 190 million naira monthly.

naturalflow:
It is that time of the year for Morgan.Every year by this time, one issue or the other,hope they fix their website before Monday money sha.

yMcy56:

JAIZ don hijack this one from GTBank
* Over 28yrs experience in cognate banking, with 22yrs in Mgmt position in GTB and 8yrs as MD in GT.......until Oct 2023
* November 2023, he assumed the role of CEO in JAIZ Bank.....
* We should expect a positive turn around in JAIZ.....

seyisanya:
I was just about to ask if anyone was experiencing the same here. I wanted to check my portfolio balance in preparation for market tomorrow only to realise that their certificate has expired.

DUNKA:
https://westafricaweekly.com/unity-bank-fraud-an-unfolding-story-of-nigerian-corporate-malfeasance/

DUNKA:
https://westafricaweekly.com/unity-bank-fraud-an-unfolding-story-of-nigerian-corporate-malfeasance/

SetrakusRa:
https://westafricaweekly.com/unity-bank-fraud-an-unfolding-story-of-nigerian-corporate-malfeasance/

BullBearMkt:
The Nigerian Stock Exchange's Bullish Trend Continues
The Nigerian Stock Exchange All Share Index (NSE ASI) concluded November with a robust bullish trend. Following a brief pause in September after reaching a record high in August, the bullish momentum has continued. This raises the question: Will this bullish trend extend into December?

Historical data from the past 15 years reveals a pattern of positive sentiment for the index in December. Out of these years, the index ended on a positive note 13 times, with only three instances of a negative close.

Nonetheless, given that the index has recently surpassed its previous all-time high, it's crucial to consider the possibility of a retest of support levels before starting another bullish move.

Currently, there is no sign of weakness in the market, and investors/traders will do themselves good by looking for stocks that have a little dip, which could offer profitable opportunities.

Wishing everyone happy trading and investing!

PLAN YOUR TRADES AND TRADE YOUR PLANS

BullBearMkt:
The Nigerian Stock Exchange's Bullish Trend Continues
The Nigerian Stock Exchange All Share Index (NSE ASI) concluded November with a robust bullish trend. Following a brief pause in September after reaching a record high in August, the bullish momentum has continued. This raises the question: Will this bullish trend extend into December?

Historical data from the past 15 years reveals a pattern of positive sentiment for the index in December. Out of these years, the index ended on a positive note 13 times, with only three instances of a negative close.

Nonetheless, given that the index has recently surpassed its previous all-time high, it's crucial to consider the possibility of a retest of support levels before starting another bullish move.

Currently, there is no sign of weakness in the market, and investors/traders will do themselves good by looking for stocks that have a little dip, which could offer profitable opportunities.

Wishing everyone happy trading and investing!

PLAN YOUR TRADES AND TRADE YOUR PLANS

Agbalowomeri:
December/January high chance of continued bull run.

February to your tent O Israel

Agbalowomeri:
December/January high chance of continued bull run.

February to your tent O Israel

aj8:



My common sense target for TIP is N1.92. Range N1.92-N2.40. Bought some on Friday @ N1.01 . Will buy more only below this price.

Agbalowomeri:
December/January high chance of continued bull run.

February to your tent O Israel

Akpaamunsi:


But why has the market being on a bullish trend since the current government came to power as against the 8yrs stagnancy and retrogression of buhari's government.

Is it that Buhari and everything around him that he touches or is connected to including his cows are cursed or what?

Pls can someone pls explain, I am a novice, because I haven't seen exactly what Tinubu government has done apart from removal of fuel subsidy to have warranted this sort of renaissance of the stock exchange.