₦airaland Forum

Princkez:
https://doclib.ngxgroup.com/Financial_NewsDocs/42663_ELLAH_LAKES_PLC.-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_NOVEMBER_2024.pdf Good morning all in the house ,happy new month. This is the month of prosperity .

vacanci:
I remember we were shouting here that the visit to that farm was a scam but most no want to even listen at all. Herd mentality no good.

While some were rushing ELLAH LAKES above N5 expecting it to hit N10 after those journalists use some overstated report to help insiders to cash out, the patient ones will still get theirs for N2.50 as the share price is going back to base.

I read the above newly released financial report for october 31, and was looking for key word "PIGS" and i cannot find anything of such. Not even an expenses to show that pigs were fed.

The directors have been converting parts of their unpaid salaries to equity shares as reported.

I wonder why their report is not showing any significant growth in landed asset. Abi their farm land no dey appreciate?

Princkez:
I don load finish @ sub #3...#20 loading after agm, watch out...

vacanci:
I remember we were shouting here that the visit to that farm was a scam but most no want to even listen at all. Herd mentality no good.

While some were rushing ELLAH LAKES above N5 expecting it to hit N10 after those journalists use some overstated report to help insiders to cash out, the patient ones will still get theirs for N2.50 as the share price is going back to base.

I read the above newly released financial report for october 31, and was looking for key word "PIGS" and i cannot find anything of such. Not even an expenses to show that pigs were fed.

The management have been converting parts of their unpaid salaries to equity shares as reported.

I wonder why their report is not showing any significant growth in landed asset. Abi their farm land no dey appreciate?

vacanci:
I remember we were shouting here that the visit to that farm was a scam but most no want to even listen at all. Herd mentality no good.

While some were rushing ELLAH LAKES above N5 expecting it to hit N10 after those journalists use some overstated report to help insiders to cash out, the patient ones will still get theirs for N2.50 as the share price is going back to base.

I read the above newly released financial report for october 31, and was looking for key word "PIGS" and i cannot find anything of such. Not even an expenses to show that pigs were fed.

The management have been converting parts of their unpaid salaries to equity shares as reported.

I wonder why their report is not showing any significant growth in landed asset. Abi their farm land no dey appreciate?

vacanci:
I remember we were shouting here that the visit to that farm was a scam but most no want to even listen at all. Herd mentality no good.

While some were rushing ELLAH LAKES above N5 expecting it to hit N10 after those journalists use some overstated report to help insiders to cash out, the patient ones will still get theirs for N2.50 as the share price is going back to base.

I read the above newly released financial report for october 31, and was looking for key word "PIGS" and i cannot find anything of such. Not even an expenses to show that pigs were fed.

The management have been converting parts of their unpaid salaries to equity shares as reported.

I wonder why their report is not showing any significant growth in landed asset. Abi their farm land no dey appreciate?

emmanuelewumi:
People are allowed to learn however they want to. They can learn the hard way, learn the easy way or learn from others

ositadima1:
Shebi na dogoyaro? Leave matter for people way get malaria nah, abi u get malaria?

Princkez:
Time will justify...leave it for us,I will load more if it comes below #3.

Mpeace:
I doubt if they will be calling for an EM and also closing the register if its just the Majority shareholding that is being bought. But only time will tell.
250 is my prayer. Make the blessings of this year complete.

chimex38:
Your point isn't different from what he said.
He said the patient ones will get it at ₦2.5 or so.. Same as sub 3 u highlighted. Which is the ideal support level.

chimex38:
Your point isn't different from what he said.
He said the patient ones will get it at ₦2.5 or so.. Same as sub 3 u highlighted. Which is the ideal support level.
So he isn't writing the stock off.

ositadima1:
₦3 not ₦2, what if eh no touch ₦3 again. Na to make decision, buy and average down or follow Oga Emma to wait for ₦2 and if eh no happen, joke is on you. That is if u dey interested in dogoyaro.

Sunrisepebble:
Is it not just standard procedure to have a closed period anytime there’s a board meeting

Sunrisepebble:
I’m hearing Wapco will be acquired by a Chinese company

*NFA/ DYOR

robobo:
if the news of buyout/delist flies below are my night school analysis of what a fair price should look like


Lafarge (Wapco) back of envelope possible buy out price (going by link shared by sunrise)

Hoacin bought Lafarge Zambia with a capacity of 1.5m/t for $150m for 70%

Meaning 100% of Lafarge Zambia is priced at $200m for 1.5m/t which equals $133m for 1m/t capacity

Hoacin bought Lafarge Malawi with a capacity of 0.25m/t for $10m for 100% which equals $40m for 1m/t

Above means Hoacin paid an upper of $133m for 1m/t capacity and a lower of $40m for 1m/t with an average of $89m for 1m/t

From above for a Lafarge Nigeria with a capacity of 10.5m/t the

Upper buy could be 10.5 by $133m equals $1.4bn @ 1600/$ gives N2.24 trillion with outstanding shares of 16.11bn gives a valuation of N139 per share

The average buy could be 10.5 by $89m equals $935m @ 1600/$ gives N1.5 trillion bn with outstanding shares of 16.11bn gives a valuation of N93 per share

Lower buy could be 10.5 by $40m equals $420m @ 1600/$ gives N672 million with outstanding shares of 16.11bn gives a valuation of N42 per share

So we have three possible scenario of N42; N93 and N139

42 is already affirmatively broken, so maybe we could test 92 next (if no info comes out before it gets there)

Selah


i have some few units of Wapco so i might be blinded by sentiment

Sunrisepebble:
https://www.reuters.com/markets/deals/holcim-sell-lafarge-africa-stake-huaxin-cement-1-bln-deal-2024-12-01/?taid=674c2c9b0366ac0001c85aa1&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
It is just the Majority Shareholder

Sunrisepebble:
From my quick calculation. This comes to about N130 per share (Using 1750)

emmanuelewumi:
That is about N100 per share if the $1 billion is for the whole company and about N112 per share if the $1 billion is for the shares owned by the core investor.


The Chinese will definitely delist the company

vacanci:
I remember we were shouting here that the visit to that farm was a scam but most no want to even listen at all. Herd mentality no good.

While some were rushing ELLAH LAKES above N5 expecting it to hit N10 after those journalists use some overstated report to help insiders to cash out, the patient ones will still get theirs for N2.50 as the share price is going back to base.

I read the above newly released financial report for october 31, and was looking for key word "PIGS" and i cannot find anything of such. Not even an expenses to show that pigs were fed.

The management have been converting parts of their unpaid salaries to equity shares as reported.

I wonder why their report is not showing any significant growth in landed asset. Abi their farm land no dey appreciate?

Sunrisepebble:
From my quick calculation. This comes to about N130 per share (Using 1750)

ositadima1:
Why are you rambling? Is it that you don’t know how to analyze financials, or are you just emotionally blabbing? Let me analyze it for you and show you how it’s done.

Understanding Ellah Lakes Plc: A Comprehensive Look at Financials, Inventory, and Expansion

Based on the recent financial statements of Ellah Lakes Plc, the company is undergoing a period of strategic expansion within the palm oil industry while managing debt and demonstrating commitment from key stakeholders.

Director's Loan: A Sign of Confidence?

A notable entry in the company's financials is a "Director's Loan" of ₦1,500,000,000 from Mr. Emmanuel Jakpa, which appeared after July 31st, 2024. While the financials don't specify the loan's purpose, it could represent:

1. Direct investment in the company, reflecting Mr. Jakpa's confidence in its future.
2. Financing for expansion activities, potentially bridging a funding gap.
3. A salary conversion arrangement similar to the management team's conversion of salary payable into equity shares.

The large size of the loan and the lack of details regarding its terms warrant further investigation to fully understand its implications for the company.

Inventory Focus: Palm Oil Seedlings for Cultivation

Ellah Lakes Plc's inventory solely consists of palm oil seedlings valued at ₦96,264,000. These seedlings are not intended for resale but rather for cultivation within the company's own palm oil plantations. This conclusion is supported by several factors:

1. The company's identity as an agricultural company specializing in palm oil production.
2. The significant increase in "biological assets" - a category that includes palm plantations. The value of "biological assets" increased from ₦585,121,000 to ₦725,940,000 during the reporting period. Note 4 details the cost and carrying value of biological assets, broken down into three categories: Palm Plantations, Livestock, and Others. The specific types of livestock included within this category are not specified.
3. The ongoing acquisition of land for expansion, suggesting a need for additional seedlings.

Strategic Expansion: Investing in Future Growth

The financials clearly indicate Ellah Lakes Plc's commitment to expanding its palm oil production capacity. The company:

1. Acquired 80% of ELP Sunshine Limited, signaling a direct move to expand operations.
2. Is in the process of converting the remaining 20% equity in ELP Sunshine Limited (owned by the Ondo State Government) into a long-term lease on 5,000 hectares of land, further increasing its land holdings for cultivation.

These expansion efforts, combined with the existing inventory of palm oil seedlings, suggest Ellah Lakes Plc is preparing for significant future production increases.

Xidget:
Just like the case if Guinness, it won't benefit minority stakeholders

emmanuelewumi:
Because they are not planning to delist the company.

The Chinese can't cope with the public scrutiny required to be on NGX.

The will delist Lafarge

Sunrisepebble:
https://www.reuters.com/markets/deals/holcim-sell-lafarge-africa-stake-huaxin-cement-1-bln-deal-2024-12-01/?taid=674c2c9b0366ac0001c85aa1&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
It is just the Majority Shareholder

Omooloriredade:
Good info, Sunrisepebble. Calculation on point too except for the exchange rate used.

Emergency meeting required indeed now that the info is out there.

vacanci:
You can still communicate without sounding insulting and proud. Your entry comments makes ur post senseless to me

vacanci:
You can still communicate without sounding insulting and proud. Your entry comments makes ur post senseless to me

emmanuelewumi:
Because they are not planning to delist the company.

The Chinese can't cope with the public scrutiny required to be on NGX.

The will delist Lafarge