₦airaland Forum

Health3:
One (Oando) is staring at you

(based on SA only, not a buy or sell recommendation)

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.

Sunrisepebble:
I even want to chop their FY 24 dividend. That one will cover any price drop from here

Youngzedd:
It's going to be Get rich or rekt scheme.

ojeysky:
You think wapco will pay plenty dividends?

mails4funshi:
ELLAH Lakes AGM Link:

https://cordros.us7.list-manage.com/track/click?u=3c93a86e5e30d5a65db2828c4&id=9470991560&e=7f4174ce9a

Xidget:
Wow

Xidget:
Wow

Yemy3m:
Did you know
Oando supposed to raise # Three trillion to fund their projected 2024 budget,
# One trillion as bonds by June 2024 but maybe the devaluation of the # made them to pause. They even engage consultant for their rating score. *Also use private offer from major shareholders for # Two trillion not sure if they include right/public* and *Shares for payment to vendors*

Agbalowomeri:
Na you go tire Lol

Sunrisepebble:
I even want to chop their FY 24 dividend. That one will cover any price drop from here

ojeysky:
Joined briefly, are you sure that was the link to a agm? It all looks quite informal. No branding, no video etc. It is well o

mails4funshi:
ELLAH Lakes AGM Link:

https://cordros.us7.list-manage.com/track/click?u=3c93a86e5e30d5a65db2828c4&id=9470991560&e=7f4174ce9a

ojeysky:
Joined briefly, are you sure that was the link to a agm? It all looks quite informal. No branding, no video etc. It is well o

ojeysky:
Joined briefly, are you sure that was the link to a agm? It all looks quite informal. No branding, no video etc. It is well o

Youngzedd:
Login to you itrade and click on Market View under MARKET.

ojeysky:
Joined briefly, are you sure that was the link to a agm? It all looks quite informal. No branding, no video etc. It is well o

jadyclem:
Abeg any chairman in the house using investment one app to buy stock, can you please direct me on how to go past "the opt-in" wait period when buying stock there for the first time?

My account has been verified and everything is okay with the account. I've seen messages to the investment one customer support regarding the issue but they yet to respond for over 2 weeks now.

Please, what can I do to purchase stocks on the investment one app without it telling me to opt-in everything and declining the trade?

Locotrader:
Chams is the only MH stock I have now.
We will keep on watching it while we enjoy our Xmas in peace.

All it needs to rally is already in it.

Xidget:
Wow

megawealth01:
Naira has moved from 1740 to 1680 = 1$ as at today...

We are watching closely

Krisuba:
How is loco even sure it's the same entity that is supply??

emmaodet:
It is because this is December.
Many abroadians are gradually coming home with dollars.
Naira always strengthen against dollars historically from November to early January then naira slide continues again.
Dollars is flooding the economy now

temi4fash:
I joined the cham train too.. First time on this train..

DD is on me...

Sunrisepebble:
Not necessarily because of the pending acquisition, the new owners will prefer to preserve cash. The dividend yield also won't be great considering where the price is now. Looking at cardinal stones report they forecast N3.47 divided per share based on an EPS of 5.81with a 60% payout ratio which was consistent in previous years. However If we're being conservative, using an annualised EPS of 4.97 based on 9M results and a payout ratio of 50%, that gives us N2.50 per share

Yemy3m:
.it will be clear soon

Sunrisepebble:

ojeysky:
Something is brewing at championbrew