₦airaland Forum

Agbalowomeri:
Revenue is 18million and no cost of sales Lol
Nigerians go leave substance and be running after hope and be renewing the hope

Just leave them,they will take them from Hopeville to Hopelessville!

Consistent good or excellent dividend payment is the real determinant of a good and a sustainable business or company.

nosa2:
I dont understand this

Read up on the relationship between the return on equity and price to book value.
Return on equity and the required return is used in the calculation of the justified justified Price to Book value

On NGX looking at a minimum required of 20%, for a stock to have a Price to Book Value of 1, the minimum return on equity should 20%

Agbalowomeri:
Also depends on sector sha

And your required return

currentprice:
Ekuu weekend o my pple

Boss, any inkling from.your bedsheet?

Agbalowomeri:
Revenue is 18million and no cost of sales Lol
Nigerians go leave substance and be running after hope and be renewing the hope

I have found out that people are very emotional about the stock, so I will respect myself and not write about the stock

Imagine Loco that is known for buying junk stocks as supposed by some of our members see Ellah and run away.

At least you can see a fresh breast in all Loco's stock.

As beautiful as Ellah and very mature,where is her breast?

emmanuelewumi:
I have found out that people are very emotional about the stock, so I will respect myself and not write about the stock

Those who are bullish should be happy that people are bearish and accumulate while its still cheap. Those that are bearish should not care, after all their money is not on the line.

Seems we're now on breastville 🤔

Locotrader:
Imagine Loco that is known for buying junk stocks as supposed by some of our members see Ellah and run away.

At least you can see a fresh breast in all Loco's stock.

As beautiful as Ellah and very mature,where is her breast?

KarlTom:
Seems we're now on breastville 🤔

Be careful in quoting me on breast so you don't get banned

nosa2:
Those who are bullish should be happy that people are bearish and accumulate while its still cheap. Those that are bearish should not care, after all their money is not on the line.

😘

@ Pa Emmanuel,
You are free to submit your views on Ellah Lake. I follow the simplicity of investment. The motivation for drafting this letter was to convey to Mr Chuka Mordi that we are not naive. How could an integrated farm declare N18M revenue without specifying the source?
In my personal income filing, the taxman always seeks to understand how I arrived at profit and loss. I would have tolerated the non-transparent report if Chuka Mordi had highlighted revenue from specific sources like Telluria farm acquisition, piggery, fishery, cassava, soya beans, and rice plantation. Instead, 50% of the report focused on audio Biological and goodwill assets, which I consider intangible assets. He emphasised on ongoing new private placement without addressing our expectation on palm oil production which he previously promised would begin in Q1 2025.

Notably, financial reports from Okomu Oil and Presco don't emphasise goodwill assets like this.
The financial report lacks transparency. My concern isn't driven by capital erosion, as my 2.5M shares in Ellah Lake constitute less than 0.2% of my NGX portfolio. I'm willing to write it off until Chuka Mordi delists his company.

My findings suggest Chuka Mordi has connections with CBO Capital, Telluria Farm, and Oko Lake. He previously worked with FCMB and Union Dicon Salt. It appears he's on a mission to undermine Ellah Lake's fishery legacy, similar to his actions at Union Dicon Salt.
https://businessday.ng/interview/article/chuka-mordi-on-ellah-lakes-5-year-plan-to-becoming-a-billion-dollar-company/

https://businessday.ng/companies/article/ellah-lakes-says-on-path-of-shareholder-value-creation/

emmanuelewumi:
I have found out that people are very emotional about the stock, so I will respect myself and not write about the stock

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

Those willing to swim or sink with Ellah should simply stand on this last update from the cowboy, based on which I expect news to roar into the mkt anytime from now that Ellah has started oil milling.

https://businessday.ng/companies/article/ellah-lakes-eyes-palm-oil-production-in-2025/

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.

Most people here are traders and investors, not venture capitalist.
Ellah is in stage 1 of business cycle.
Agree, many start-ups fail. Infact 90% fails within 5 years
But if it scales it, a return of 10000% and more in capital invested is not unusual or uncommon to venture capitalist.
Ellah will need to raise more capital through equity or private placement which will dilute the shares one more time before profit if they get it right.
I will check their free cash flow yearly to know how much they will need to raise again.

emmaodet:
Most people here are traders and investors, not venture capitalist.
Ellah is in stage 1 of business cycle.
Agree, many start-ups fail. Infact 90% fails within 5 years
But if it scales it, a return of 10000% and more in capital invested is not unusual or uncommon to venture capitalist.
Ellah will need to raise more capital through equity or private placement which will dilute the shares one more time before profit if they get it right.
I will check their free cash flow yearly to know how much they will need to raise again.

Better protect your bald head oooo.
Some people are targeting to hit you with a big stone on it if you talk of raising fund again.

Ellah has raised funds twice in my presence as a shareholder then.

Na production we want to hear.Telluria is making money in Billions.If shareholders will dig Telluria investments in Ellah,they will be alright.

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.

Have gone through their financial report quickly and noticed they burn roughly 400m per quarter in free cash flow.
200m plus to operate the business (operating cash flow) and another roughly 200m in capital expenditure.
Plus or minus, they will be using 1b per year to run the farm pending when it will start generating meaningful revenue.
current OS is 3.86b
Cash at hand as at 31st jan, 2025 was 23m
current assets is about 25b that can be converted to cash to run the biz within a year.
Given it will take another 3 years before Ellah lake will be generating enough revenue to finance itself,
They may likely have to raise atleast 3b more to do that PROVIDED they couldn't convert their current assets to cash to do that.
That will dilute the shares about 100% more, probably seeing the price go down to #1.5/shares before experiencing price appreciation we are anticipating.
We will see how the management run the biz on quarterly basis

Locotrader:
Better protect your bald head oooo.
Some people are targeting to hit you with a big stone on it if you talk of raising fund again.

Ellah has raised funds twice in my presence as a shareholder then.

Na production we want to hear.Telluria is making money in Billions.If shareholders will dig Telluria investments in Ellah,they will be alright.

It is not about what the shareholders think or if they don't want to hear another round of capital raise.
Numbers don't lie and have explained why they will need to raise another capital again.
They only have 23m cash in bank, they spend roughly 1b per year running the farm - worker's salary, herbicides, fuel etc
so where will the money come from?
Definitely not bank since they will need to be paying back the capital and interest as soon as possible.
So the best option is equity that won't be pressuring them for capital and interest instantly.
Numbers don't lie and have done that above.

emmaodet:
It is not about what the shareholders think or if they don't want to hear another round of capital raise.
Numbers don't lie and have explained why they will need to raise another capital again.
They only have 23m cash in bank, they spend roughly 1b per year running the farm - worker's salary, herbicides, fuel etc
so where will the money come from?
Definitely not bank since they will need to be paying back the capital and interest as soon as possible.
So the best option is equity that won't be pressuring them for capital and interest instantly.
Numbers don't lie and have done that above.

This one is heading to close shop be dat.I wonder how they want to raise new fund unless na strategic partner through private placement. The second option is take over from guys like presco or okumu

Check page 8 of the report.
There is an ongoing private placement

Streetinvestor2:
This one is heading to close shop be dat.I wonder how they want to raise new fund unless na strategic partner through private placement. The second option is take over from guys like presco or okumu

zendi:
Those willing to swim or sink with Ellah should simply stand on this last update from the cowboy, based on which I expect news to roar into the mkt anytime from now that Ellah has started oil milling.

https://businessday.ng/companies/article/ellah-lakes-eyes-palm-oil-production-in-2025/

@Agbalowomeri
@Locotrader

emmaodet:
It is not about what the shareholders think or if they don't want to hear another round of capital raise.
Numbers don't lie and have explained why they will need to raise another capital again.
They only have 23m cash in bank, they spend roughly 1b per year running the farm - worker's salary, herbicides, fuel etc
so where will the money come from?
Definitely not bank since they will need to be paying back the capital and interest as soon as possible.
So the best option is equity that won't be pressuring them for capital and interest instantly.
Numbers don't lie and have done that above.

So we are expecting a dilution in the years ahead and price expected to drop to 1.50?

Bros,you are saying the truth but try and wear helmet.

SonofElElyonRet:
@Agbalowomeri
@Locotrader

You have a cash of 23m at the moment and you want me to believe you are starting production in 2025.
Anyway I sense raising of additional funds here.

If this talk can bring good fortunes for Ellah shareholders,my brother cash is always loaded in my stock account.

Allow us to see the truth in Ellah now.The more we discuss about Ellah,the better for you and other shareholders

emmaodet:
Have gone through their financial report quickly and noticed they burn roughly 400m per quarter in free cash flow.
200m plus to operate the business (operating cash flow) and another roughly 200m in capital expenditure.
Plus or minus, they will be using 1b per year to run the farm pending when it will start generating meaningful revenue.
current OS is 3.86b
Cash at hand as at 31st jan, 2025 was 23m
current assets is about 25b that can be converted to cash to run the biz within a year.
Given it will take another 3 years before Ellah lake will be generating enough revenue to finance itself,
They may likely have to raise atleast 3b more to do that PROVIDED they couldn't convert their current assets to cash to do that.
That will dilute the shares about 100% more, probably seeing the price go down to #1.5/shares before experiencing price appreciation we are anticipating.
We will see how the management run the biz on quarterly basis

Merci Beaucoup..🙌

zendi:
Those willing to swim or sink with Ellah should simply stand on this last update from the cowboy, based on which I expect news to roar into the mkt anytime from now that Ellah has started oil milling.

https://businessday.ng/companies/article/ellah-lakes-eyes-palm-oil-production-in-2025/

Forget news on Ellah for now.
Market doesn't respect Ellah news again.
Go through Ellah since 2019,na so so so news.
Market need result now.
Even if it low revenue with low profit margin,we go respond positively.

I will advice you pause,let's do our thing to drag the mgt out to explain the current situation and way forward.The more we worry,the truith will show......

I am interested in Ellah than everyone of you self.I had a hair cut in the past and I need to recover my money.

I must criticize now to get the needed result or I run without looking at back again.....

Locotrader:
So we are expecting a dilution in the years ahead and price expected to drop to 1.50?

Bros,you are saying the truth but try and wear helmet.

Locotrader:
You have a cash of 23m at the moment and you want me to believe you are starting production in 2025.
Anyway I sense raising of additional funds here.

If this talk can bring good fortunes for Ellah shareholders,my brother cash is always loaded in my stock account.

Allow us to see the truth in Ellah now.The more we discuss about Ellah,the better for you and other shareholders

My point is they may not keep to deadline but work certainly is going on.. just like property developers who say completion date is December 2025 but end up completing in June 2026
I find it impossible to accept that the Calibre of people in Ellah lakes board are churning out fake news and that no progress is being made in line with revealed plans. Check the board👇
ellahlakes.com/?page_id=356

SonofElElyonRet:
My point is they may not keep to deadline but work certainly is going on.. just like property developers who say completion date is December 2025 but end up completing in June 2026
I find it impossible to accept that the Calibre of people in Ellah lakes board are churning out fake news and that no progress is being made in line with revealed plans. Check the board👇
ellahlakes.com/?page_id=356

Okay what about the calibar of people in Oando

Agbalowomeri:
Okay what about the calibar of people in Oando

The disagreement is that they aren't doing anything and it's audio farm etc.. is Oando audio oil company? I'm not saying saying Ellah promoters are saints and you can argue that they are as bad as wale tinubu (debatable) but still doesn't mean they won't deliver.. just like it is projected that wale will ultimately deliver. Ellah investors know it's not a sprint...

Agbalowomeri:
Okay what about the calibar of people in Oando

You eh

KarlTom:
PD is 29 May 2025

Ok thanks

Conoil

SonofElElyonRet:
The disagreement is that they aren't doing anything and it's audio farm etc.. is Oando audio oil company? I'm not saying saying Ellah promoters are saints and you can argue that they are as bad as wale tinubu (debatable) but still doesn't mean they won't deliver.. just like it is projected that wale will ultimately deliver. Ellah investors know it's not a sprint...

Yes just be ready for Wale's type forward looking statements forever