₦airaland Forum

emmaodet:
They have cleared their debts, a substantial increase in cash, OCF is also positive and 500% more than PAT.
I still think it is overvalued on the short and medium time frame

Free float deficiency dey support price.
Typically, it should be selling below N1.5.
But I heard it may start doing FB next week, Cuz Loco is on its case ..

Oyindamolah:
NDIF
Zenith Bank
Presco
Aradel
Nascon

Thank you 🙏

This one is not Oyel Money. This one is manipulation. The stock is moving by +10% with no open offer on the market everyday and with only 10k volume. Nothing in the result to justify the current price.
It is just being moved by insiders, they’ll then do a split and bring it to NGX.

jckgroup1:
Okitipupa

30+ last three months now 229.52

Oyel money

Agbalowomeri:
Would you now say Zenith bank is a bargain at current price? BV of 0.5 is rightly priced. I won't be surprised to see Zenith at 35 before year end

We are looking at 2 different things, I am looking at a business and you are looking at a stock

GeeKudi:
They probably want to bring it to the ngx.

By the way, I downloaded the NASD app but it never worked. Does anyone know why, please?

Through the nasd app, you will have to register with one of their accredited brokers.
Should be done within a week, after you can trade

Sunrisepebble:
This one is not Oyel Money. This one is manipulation. The stock is moving by +10% with no open offer on the market everyday and with only 10k volume. Nothing in the result to justify the current price.
It is just being moved by insiders, they’ll then do a split and bring it to NGX.

Yo! You damn smart.

KarlTom:
One thing I look forward to the most in 2025 is the listing of NNPCL & DANGREFINE.

I must partake in all this 'audio' profit. (₦3.29tn is no joke)...

That’s definitely one of the biggest financial events to watch in 2025! The listing of NNPCL & DANGREFINE could bring major shifts in market dynamics, and with a valuation of ₦3.29tn, it’s not something to take lightly. While there’s always a lot of hype around such listings, the key is to separate speculation from real opportunities.

Keeping a close eye on live stock charts will be essential to track real-time price action, volume trends, and investor sentiment. Early movements will set the tone for long-term performance, and having the right data at your fingertips can help identify the best entry points. Let’s hope this turns out to be more than just ‘audio’ profits—real gains will depend on market execution and investor confidence.

Are you planning to go in early, or waiting to see how the market reacts?

IyaTola:

Why the smile, do you know sth about it?

Yeah. The very first step of setting up the App doesn't work. It involves keying in a code sent via email. The App does not even allow to type the code in at all. I have tried it several times.

emmaodet:
Through the nasd app, you will have to register with one of their accredited brokers.
Should be done within a week, after you can trade

Following in the foot steps of Aradel

I might be wrong

Sunrisepebble:
This one is not Oyel Money. This one is manipulation. The stock is moving by +10% with no open offer on the market everyday and with only 10k volume. Nothing in the result to justify the current price.
It is just being moved by insiders, they’ll then do a split and bring it to NGX.

emmanuelewumi:
We are looking at 2 different things, I am looking at a business and you are looking at a stock

Right on the head...lol

Sunrisepebble:
This one is not Oyel Money. This one is manipulation. The stock is moving by +10% with no open offer on the market everyday and with only 10k volume. Nothing in the result to justify the current price.
It is just being moved by insiders, they’ll then do a split and bring it to NGX.

They go know say we no be mugu when they come back to ngx.The crash go they loud

With Aradel at least there was legitimate demand on NASD with open bid and offers and with a lot of volume trading. I’ve tried bidding since N20 late last year for Okitipupa and not a single offer in the market

jckgroup1:
Following in the foot steps of Aradel

I might be wrong

Ding

Xidget:
I guess the result is not fantastic. And they are probably waiting to announce it along side a good news (probably merge news)

The merger is not happening anytime soon

KarlTom:
One thing I look forward to the most in 2025 is the listing of NNPCL & DANGREFINE.

I must partake in all this 'audio' profit. (₦3.29tn is no joke)...

Bro nobody is listing anything soon.

Zegra:
The merger is not happening anytime soon

How did you know?

Market Data Delay due to NGX API Issue

The website is experiencing connectivity issues with NGX’s data feed, affecting real-time updates. The issue is from their end, and I'm monitoring closely.

I’ll update once it's resolved, thanks for your patience!

RodgersAkpafu:
This is not true

Macron to Trump's face clarified that Europe had spent over 60% of the total support to Ukraine
And Trump couldn't refute it 🙄

This whole lie of America paying the "highest cost of the war" is dubious
Europe has paid the direct and indirect cost of this war now a moronn in chief want to come take Russia side and essentially serve Ukraine in a platter

I like your comment but calling someone a slowpoke in chief is off for me. I wiah we can be more civil.

It's another day for PZ CUSSION to keep climbing to the moon.

toyeoye:
Market Data Delay due to NGX API Issue

The website is experiencing connectivity issues with NGX’s data feed, affecting real-time updates. The issue is from their end, and I'm monitoring closely.

I’ll update once it's resolved, thanks for your patience!

🚨 Market Data Restored

The earlier NGX API connection issue has been resolved, and live market updates are back on the website.

I’ve requested NGX to move us to a more stable server to ensure seamless real-time data going forward if possible.

Thanks for your usual patience, I'm working to keep market insights as real-time as they should be!

crownprince2017:
How did you know?

The rice company hasn't started yet except if he wants to merge Sugar and salt

Oando's movement is something else... You just can't predict what is next.

Wale too get doings! He has perfected the game.

Oando will do over ₦100 per share if Wale wants it to...

KarlTom:
DANGSUGAR BM held today.

Fingers crossed...

Any update?

Streetinvestor2:
Onado is really having serious wahala but I bought some today at @ #52.
Looking for what to sell tomorrow to buy more wahala. It could be some sugar or ucap.
I like the wahala loading.Or I sell some presco or total.I seriously want this third buy of wahala.
Wapco what is happening. Don't make me sell and move the money to oando

UNITED CAPITAL PLC proposed dividend of 50 kobo

https://doclib.ngxgroup.com/Financial_NewsDocs/43249_UNITED_CAPITAL_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_MARCH_2025.pdf

Has anyone seen AFRIPRUD's report yet?

Zegra:
The merger is not happening anytime soon

Well, even if merger doesn't happen soon, any positive news about rice production will move DS and NS price up.

I saw someone on X saying that Dangote Rice is about to hit the market.

ojeysky:
The EPS got worse, looks like it may dip further from tomorrow. I pray to have spare funds to average down.

The Explainer: Ellah Lakes In-Depth Analysis of Q2 Results and Investment Outlook

Ellah Lakes Plc, a player in the agricultural and food production sector, has faced significant financial challenges during the second quarter (Q2) ending January 31, 2025. Despite modest revenue growth, the company posted a loss of N396.6 million for the period, exacerbated by escalating administrative and personnel expenses. This analyst review delves into the company’s financial performance, offering an analysis of its core metrics and examining its future prospects for investors.

Ellah Lakes saw its revenue for Q2 2025 stand at N18.97 million, a notable improvement from the corresponding period in 2024 when the company reported no revenue at all. This growth, though positive, was insufficient to offset the sharp rise in operating costs. The company’s revenue generation, primarily driven by its agricultural activities, reflects an ongoing effort to expand its business operations. However, the modest increase in income was dwarfed by the surge in operational expenditures, which is a key factor contributing to the company’s poor financial performance.

The company's operating loss for Q2 2025 soared to N675.8 million, a significant deterioration from N344.2 million in Q2 2024. The steep rise in operating losses is attributed to higher administrative costs, which amounted to N249.3 million, a sharp increase from N86.3 million in the prior year. Additionally, personnel expenses nearly doubled, rising to N414.3 million from N119.5 million during the same period last year.

The sharp increase in operating costs is attributed to the company’s ongoing restructuring efforts, the scaling of its business operations, and inflationary pressures that have affected its cost base. As Ellah Lakes continues to ramp up operations, these higher costs will likely persist unless the company achieve significant efficiencies in its processes or pass on the higher costs to consumers.

One of the most concerning aspects of Ellah Lakes' Q2 2025 financials is the surge in its total liabilities, which increased to N4.61 billion, up from N2.7 billion in the same period last year. This substantial rise in liabilities is largely driven by a director’s loan of N1.88 billion and borrowings amounting to N1.14 billion. Such a significant increase in liabilities places additional strain on the company’s balance sheet, particularly as its retained losses have widened to N4.81 billion from N3.96 billion.

The growing debt burden is a serious concern for shareholders, as it threatens the long-term viability of the company and erodes shareholder equity. In particular, the company’s retained losses continue to grow, reducing its ability to reinvest profits into expansion or reduce its reliance on external financing.

Despite the financial challenges, Ellah Lakes has managed to maintain a revaluation surplus of N14.93 billion, which has contributed to total equity of N19.95 billion as of January 31, 2025. This revaluation surplus, however, is largely a paper gain and does not directly contribute to the company’s liquidity position. While the revaluation surplus bolsters the company’s equity, it does little to alleviate the immediate financial pressures, especially considering the mounting operating losses and growing debt.

Ellah Lakes’ cash position is another area of concern. Cash and cash equivalents have sharply declined to N23.1 million from N243.3 million as of July 2024. This sharp decline indicates significant liquidity challenges, and raises concerns about the company’s ability to meet its short-term obligations without resorting to further borrowing or asset sales.

The decline in cash reserves could signal a tight liquidity position, which affect the company’s ability to fund its operations, repay debts, or capitalise on new business opportunities in the near term. For investors, this raises red flags about the company’s financial stability and its capacity to weather future economic or market shocks.

The stock price of Ellah Lakes Plc has also experienced a slight decline, trading at N3.20 per share on Friday, February 28, 2025, down from N3.22 at the previous market opening. While this seem like a minor fluctuation, it reflects broader investor sentiment regarding the company’s current financial health and future prospects.

Given the company’s ongoing financial strain, characterised by rising operating costs, widening losses, a growing debt burden, and a weakened liquidity position, investors may face a challenging period ahead. Although Ellah Lakes has made strides in increasing its revenue and maintaining its equity base, the rising costs and liabilities continues to undermine profitability.

Investor Recommendation: "HOLD" or "SELL"?

For investors currently holding shares in Ellah Lakes Plc, the recommendation would likely be “HOLD” for now, with caution. The company's revaluation surplus and the potential for future growth in its agricultural operations remain factors that may stabilise its financial situation over time. However, given the significant operating losses, growing debt load, and liquidity concerns, investors should monitor the company closely for any signs of improvement in cost control, cash flow, and revenue generation.

For prospective investors, the current market price of N3.20 per share represent a short-term opportunity, but only if they are prepared to take on the associated risks. With no clear path to profitability in the near term and ongoing financial pressures, caution is advised. The company’s current financial situation suggests that Ellah Lakes struggle to generate meaningful returns for investors unless there is a significant change in its operational and financial strategies.

Ultimately, investors should consider their risk appetite and closely monitor the company’s next set of financial results and any updates regarding its debt management and liquidity position before making any final investment decision.

© Gilbert Ayoola

That's too poor.
My thought though.

essentialone:
UNITED CAPITAL PLC proposed dividend of 50 kobo

https://doclib.ngxgroup.com/Financial_NewsDocs/43249_UNITED_CAPITAL_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_MARCH_2025.pdf

Those quick to drop AFRIPRUD because of UCAP's proposed dividend......
Remember AFRIPRUD is coming with both dividend and bonus issue....
Just a reminder

essentialone:
UNITED CAPITAL PLC proposed dividend of 50 kobo

https://doclib.ngxgroup.com/Financial_NewsDocs/43249_UNITED_CAPITAL_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_MARCH_2025.pdf

Jesus! Ucap..
How the mighty has fallen..