₦airaland Forum

Streetinvestor2:
That revenue in that statement na 18 million plus or billion. I hope it is not million
Then thr is no business happening over thr

DeRuggedProf:
They are definitely doing something, my Boss said they are running some fish ponds. Maybe some point and kill sef, going by the way him take talk am...
Him say make I make sure I count the palm trees...
Him say this one na future future future tense...
Him say I can take time go check, at least I can find the fish pond him know dem get. Then me fit carry their plantation pictures come show am...
Him say make I make sure I count the palm trees..

Erniemax101:
If they really fixed it, I should not be having issues with them as at last month cos that was when I left them. Maybe they fixed yours. I was highly irritated by the dumb explanation the customer service representatives were giving me

Streetinvestor2:
That revenue in that statement na 18 million plus or billion. I hope it is not million
Then thr is no business happening over thr

aj8:
Another quotable quote "When people buy things without reasons, you are bound to sell at loss without reason“

Crownprince2017

No ill intended

nosa2:
Presco is trading at a Price to Book value of 4.9.
Ellah Lakes is trading at a Price to Book value of 0.44.

Depending on the stage at which you think the company is, you will see different things.

If you see it as a palm oil start-up, you’ll note that its palm plantation assets grew by 82.1% in the past year alone — from ₦320.57 million in January 2024 to ₦583.85 million in January 2025. That kind of growth suggests it’s still in the development and asset-building phase, possibly undervalued if you believe in its long-term execution.

If you think it’s a mature business, the current numbers might raise red flags — particularly when compared to a more established peer like Presco.

If you believe the audited report is unreliable, then none of the numbers really matter — and your entire thesis will hinge on whether management is credible and transparent.

At the end of the day, we are all here to make money. The lens through which you view Ellah Lakes will determine whether you see opportunity, risk, or a bit of both.

megawealth01:
May 28

leo1234:
Thanks 👍

Any payment date?

Do you know their registrar?

emmanuelewumi:
Price to Book value is determined by the return on equity, the higher the return on equity the higher the price to book value.

Coolcash1:
On Ellah lakes, remember be greedy when others are fearful and fearful when others are greedy.

Ire o.

Locotrader:
People must go in and see what I saw after holding for 2 years.
Assuming I am still holding,this year would have made me 5 years in it and this is the best result in 5 years waiting.

Now I see that Ellah is a stock that will mature in 2035 going by this result.I just prayed that this is not 18m revenue for palm trees that are matured already going by date they told us they planted.

I believe they are ashamed to release the due result.Traders will like to push the price next week and dump it for another explosive result which can make real shareholders tired and begin to look for exit.

If they can release a result of 3B revenue and a profit of let's say 300m,there is hope for shareholders in the next 2 years.Retain earning is a negative of 4B.

SonofElElyonRet:
So all the rice mill, etc na lie? Make we dey see... May take a while but they'll deliver eventually and we are projecting that it will be hoooooge . They can't put out all those big plans and be doing nothing to achieve them. Worst case scenario, they are going at snail speed.. but there has to be progress ongoing, even if it's at slow pace

Mankind2024:
A LETTER TO MR CHUKA MORDI AND ELLAH LAKE MGT TEAM

Dear Ellah Lake Management Team,
It is no longer a secret that your performance has been terrible, disappointing and disastrous for minority investors. The promises and reassurances given to investors seem to be fading away. Forum members of Nigerian Stock Exchange Market Pick Alerts(NSEMPA) are currently exposing the root of your business. It appears you are running an intangible audio business, as there is no single uploaded video of your integrated farm on the internet.

You pride yourself as the first agriculture company listed on the NGX, having been listed in 1980 according to your website. However, it seems Ellah Lake lacks direction towards achieving its stated vision of becoming the best and prototype integrated farm in Africa. You have failed, and failure is now associated with your mission. Yes there is no crime in failure, not using it as a stepping stone is a potential recipe for future disaster.

We no longer hear about the fishing business or news about the Tellura farm you acquired. Are they still generating income? What is the current state of the rice ,soyabeans and cassava plantation?There is no video evidence of the 5,000 hectares of palm plantation and the piggery.
The integrity of your management team is now a subject of discussion on Nairaland, and your financial statement is under public scrutiny. The figures don't add up, and the more I read them, the less clarity I get.

https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/8993

It's noteworthy that CBO Capital, one of your largest shareholders and partners, disinvested 81 million shares in November/December 2024. Time is running out; it's time to prove your critics wrong.

https://nairametrics.com/2024/11/13/ellah-lake-declares-zero-revenue-for-two-consecutive-years-as-cbo-capital-sells-down-81-million-shares/

I personally own 2.5 million units of ordinary shares in your stagnanted company. The phrase "all noise, no action" comes to mind. I was once convinced by a feedback report quoted in Business Day, which mentioned a delegation of stockbrokers visiting Ellah Lakes Plc's plantation in Edo State.

https://businessday.ng/companies/article/stockbrokers-laud-ellah-lakes-strategic-investment-in-palm-plantation-livestock/

https://www.proshare.co/articles/ellah-lakes-plc-ceo-issues-statement-on-post-rights-issue-ongoing-operations?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates

However, it's unimaginable how an Agric ⁶company wouldn't declare any revenue and profit in 4 consecutive years. Poor revenue, poor operating income, poor cash flow, negative retained earning, always in capital deficit. These are pointers to an unsustainable failing business.

The antecedent of Ellah Lake is consistent with that of a company that lack transparency, struggling and may be delisted.

Mr. Chuka Mordi, time is of the essence, and money cannot buy it. I urge you to come clean and do the needful and execute your remote plan of delisting if this is your agenda for Ellah Lake and consider relisting in the future at a better price when there are tangible and profitable plantations, as it appears investors are only investing in an intangible palm plantation. This shouldn't be a reason to toll the path of one of your kinsmen Mr Dozy Mmobuosi of infamous Tingo Group.
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26086

Agbalowomeri:
Na this man wan take over letter writing from Obasanjo

emmanuelewumi:
Price to Book value is determined by the return on equity, the higher the return on equity the higher the price to book value.

Locotrader:
Our review on Ellah lakes will go viral this weekend.
I believe their will be press lease next week by the mgt.
This is the only way we can help ourselves not praising a company you don't know the plans they have for shareholders and shareholders are holding unto palm trees and fruits as okomu and presco are known for that.

Why is okomu and presco not practicing digital Agriculture

Audio and real are not same.Let them release corporate announcements on their farms let's review and know our stand on it.

One of the cheapest stock tempting investors at the floor now is Ellah lakes but traders are the one to use it and dump while my brother Nosa is having an investment mind.

Willie2015:
I dey tell you, my brother....
Person dey run in business...
if u no like am ...u go sell ur stakes in his company...

nosa2:
I dont understand this

Agbalowomeri:
It's a correlation that he is referring to

Mankind2024:
A LETTER TO MR CHUKA MORDI AND ELLAH LAKE MGT TEAM

Dear Ellah Lake Management Team,
It is no longer a secret that your performance has been terrible, disappointing and disastrous for minority investors. The promises and reassurances given to investors seem to be fading away. Forum members of Nigerian Stock Exchange Market Pick Alerts(NSEMPA) are currently exposing the root of your business. It appears you are running an intangible audio business, as there is no single uploaded video of your integrated farm on the internet.

You pride yourself as the first agriculture company listed on the NGX, having been listed in 1980 according to your website. However, it seems Ellah Lake lacks direction towards achieving its stated vision of becoming the best and prototype integrated farm in Africa. You have failed, and failure is now associated with your mission. Yes there is no crime in failure, not using it as a stepping stone is a potential recipe for future disaster.

We no longer hear about the fishing business or news about the Tellura farm you acquired. Are they still generating income? What is the current state of the rice ,soyabeans and cassava plantation?There is no video evidence of the 5,000 hectares of palm plantation and the piggery.
The integrity of your management team is now a subject of discussion on Nairaland, and your financial statement is under public scrutiny. The figures don't add up, and the more I read them, the less clarity I get.

https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/8993

It's noteworthy that CBO Capital, one of your largest shareholders and partners, disinvested 81 million shares in November/December 2024. Time is running out; it's time to prove your critics wrong.

https://nairametrics.com/2024/11/13/ellah-lake-declares-zero-revenue-for-two-consecutive-years-as-cbo-capital-sells-down-81-million-shares/

I personally own 2.5 million units of ordinary shares in your stagnanted company. The phrase "all noise, no action" comes to mind. I was once convinced by a feedback report quoted in Business Day, which mentioned a delegation of stockbrokers visiting Ellah Lakes Plc's plantation in Edo State.

https://businessday.ng/companies/article/stockbrokers-laud-ellah-lakes-strategic-investment-in-palm-plantation-livestock/

https://www.proshare.co/articles/ellah-lakes-plc-ceo-issues-statement-on-post-rights-issue-ongoing-operations?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates

However, it's unimaginable how an Agric ⁶company wouldn't declare any revenue and profit in 4 consecutive years. Poor revenue, poor operating income, poor cash flow, negative retained earning, always in capital deficit. These are pointers to an unsustainable failing business.

The antecedent of Ellah Lake is consistent with that of a company that lack transparency, struggling and may be delisted.

Mr. Chuka Mordi, time is of the essence, and money cannot buy it. I urge you to come clean and do the needful and execute your remote plan of delisting if this is your agenda for Ellah Lake and consider relisting in the future at a better price when there are tangible and profitable plantations, as it appears investors are only investing in an intangible palm plantation. This shouldn't be a reason to toll the path of one of your kinsmen Mr Dozy Mmobuosi of infamous Tingo Group.
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26086

nosa2:
Ok. I dont see the relevance. This business is in the startup stage so its understandable that revenue should be nil or next to nil. How people dont see this is mind boggling. Or maybe those that do just dont post about it.

Mankind2024:
A LETTER TO MR CHUKA MORDI AND ELLAH LAKE MGT TEAM

Dear Ellah Lake Management Team,
It is no longer a secret that your performance has been terrible, disappointing and disastrous for minority investors. The promises and reassurances given to investors seem to be fading away. Forum members of Nigerian Stock Exchange Market Pick Alerts(NSEMPA) are currently exposing the root of your business. It appears you are running an intangible audio business, as there is no single uploaded video of your integrated farm on the internet.

You pride yourself as the first agriculture company listed on the NGX, having been listed in 1980 according to your website. However, it seems Ellah Lake lacks direction towards achieving its stated vision of becoming the best and prototype integrated farm in Africa. You have failed, and failure is now associated with your mission. Yes there is no crime in failure, not using it as a stepping stone is a potential recipe for future disaster.

We no longer hear about the fishing business or news about the Tellura farm you acquired. Are they still generating income? What is the current state of the rice ,soyabeans and cassava plantation?There is no video evidence of the 5,000 hectares of palm plantation and the piggery.
The integrity of your management team is now a subject of discussion on Nairaland, and your financial statement is under public scrutiny. The figures don't add up, and the more I read them, the less clarity I get.

https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/8993

It's noteworthy that CBO Capital, one of your largest shareholders and partners, disinvested 81 million shares in November/December 2024. Time is running out; it's time to prove your critics wrong.

https://nairametrics.com/2024/11/13/ellah-lake-declares-zero-revenue-for-two-consecutive-years-as-cbo-capital-sells-down-81-million-shares/
[b]
I personally own 2.5 million units of ordinary shares in your stagnanted company. [/b]The phrase "all noise, no action" comes to mind. I was once convinced by a feedback report quoted in Business Day, which mentioned a delegation of stockbrokers visiting Ellah Lakes Plc's plantation in Edo State.

https://businessday.ng/companies/article/stockbrokers-laud-ellah-lakes-strategic-investment-in-palm-plantation-livestock/

https://www.proshare.co/articles/ellah-lakes-plc-ceo-issues-statement-on-post-rights-issue-ongoing-operations?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates

However, it's unimaginable how an Agric ⁶company wouldn't declare any revenue and profit in 4 consecutive years. Poor revenue, poor operating income, poor cash flow, negative retained earning, always in capital deficit. These are pointers to an unsustainable failing business.

The antecedent of Ellah Lake is consistent with that of a company that lack transparency, struggling and may be delisted.

Mr. Chuka Mordi, time is of the essence, and money cannot buy it. I urge you to come clean and do the needful and execute your remote plan of delisting if this is your agenda for Ellah Lake and consider relisting in the future at a better price when there are tangible and profitable plantations, as it appears investors are only investing in an intangible palm plantation. This shouldn't be a reason to toll the path of one of your kinsmen Mr Dozy Mmobuosi of infamous Tingo Group.
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26086

Agbalowomeri:
This guy go be good meat for Ponzi agriculture

Agbalowomeri:
My first red flag with ELLAH was the management and stockbrokers photograph. It screams Oando from a distance

Why is a business concerned with stock price unless they want to raise funds. It's all too fishy. Technically though, there is a long term signal for price appreciation. But there are just too many coys with certainty, at least in the near term, than to be running after deadbones. I leave that one for Elijah