₦airaland Forum

The best stock to buy now is still the one you already have.Even if it has done 200, 300 ,400 or 500%,it is still the best stock to hold because there is still more upside in as much as the banks are to start theirs.

Ellah without breast will not do N20 without your stock doing better.

Ci leasing will certainly do N25 -N30 so far this Bull is still fresh.

The sea is blue 💙 and the land is 💚

EDUECO:
Is not against the law !

I have an investment suggestion for you. Just buy Daars Communication,I heard it will get to 50 Naira before December.

The day you begin to recommend JIJO, I will convert to long term.
I will run for my dear life

zendi:
The politicisation will touch the High Heavens. The debates in the National Assembly will descend to physical blows.

"Industry Experts" will materialize and testify that there was never anything wrong with the Refinery. It was perfectly sound, and deliberately "junked" in order to strip it to Oando, then delist the whole thing to the private.

Phisical blows will be exchanged in the National Assembly, debating the sale.

I doubt if the National Assembly under the leadership of Akpabio will do that. Do you know what it means to be rubber stamp legislature?

No matter how much you put into this market it's still a blessing. Just don't be excessively greedy

legacystore:
If you invested ₦1,000,000 on 31 Dec 2024 in the Nigerian Stock market, this is what it is after 6 months

Top 25 stocks
1 BETA GLASS — ₦5.15m
2 HONEYWELL FLOUR — ₦3.41m
3 THE INITIATES — ₦3.30m
4 VITA FOAM — ₦3.22m
5 NEIMETH — ₦2.85m
6 FIDSON — ₦2.84m
7 PRESCO — ₦2.68m
8 CHAMPION — ₦2.62m
9 SCOA — ₦2.62m
10 CHELLARAMS — ₦2.58m
11 INT'L BREWERIES — ₦2.50m
12 CAVERTON — ₦2.47m
13 FLOUR MILLS — ₦2.46m
14 ELLAH LAKES — ₦2.42m
15 NASCON — ₦2.26m
16 SKYWAY AVIATION — ₦2.18m
17 LIVESTOCK FEEDS — ₦2.16m
18 UPDC — ₦2.04m
19 FTNCOCOA — ₦2.01m
20 ABC TRANSPORT — ₦1.99m
21 NAHCO — ₦1.96m
22 CADBURY — ₦1.93m
23 ABBEY MORTGAGE — ₦1.92m
24 NIGERIAN BREWRIES — ₦1.84m
25 MTN — ₦1.79m

#Statisense
(NGX)

Well looks fantastic imagine it was 50 or 100m invested hmmm, anyway caution is advised
money can also be lost

zendi:
The day you begin to recommend JIJO, I will convert to long term.
I will run for my dear life

Is like you don't want to multiply your money by a future 50 baggers like Daars Communications ?

Just joking
...

Agbalowomeri:
Just reinvest, then take a two-week loan of the value that you need for personal use. Sell, repay the loan and leave the rest reinvested

You are wise

Does Morgan capital offer loan to clients?

SohSoh:
What r u talking about... i gave Mecure as a buy recommendation few weeks ago. Or you want to say Mecure is a scam company like Ellah Lakes

Nop I just wanted to confirm. I don't even know anything about the company. Infact na from you I dey hear about the company for the first time.
Looks you don't know .I am worst enemy of the people marketing that junk stock called ellahlakes on this thread. They may accuse me of sending you to spoil thr market on the company..lol

zendi:
The politicisation will touch the High Heavens. The debates in the National Assembly will descend to physical blows.

"Industry Experts" will materialize and testify that there was never anything wrong with the Refinery. It was perfectly sound, and deliberately "junked" in order to strip it to Oando, then delist the whole thing to the private.

Phisical blows will be exchanged in the National Assembly, debating the sale.

I go follow hit the street to protest against selling the company to oando. I don't care if I get the shares

EDUECO:
Is like you don't want to multiply your money by a future 50 baggers like Daars Communications ?

Just joking
...

Pls add Afromidia as they all dey same industry

Streetinvestor2:
We will make sure it does not go beyond 2027

Lol i laugh in Spanish

Streetinvestor2:
Pls add Afromidia as they all dey same industry

Yeah, you are right.

They are first class CBEX stocks(aka the more you look the less you see stocks)

Streetinvestor2:
I go follow hit the street to protest against selling the company to oando. I don't care if I get the shares

With all the free units they're dashing you?

https://openai.com/chatgpt/overview/ Is Ellah Lakes a scam company?

Ellah Lakes Plc is a **publicly listed agribusiness** on the Nigerian Exchange (NGX), founded in 1980, with a focus on oil palm, cassava, soybean, rice, maize and livestock. It’s a legitimate company with ongoing partnerships, government projects, and a public track record—not a scam. Here’s what recent reporting shows:

---

### ✅ Confirmed activities & credibility

* In **September 2022**, Ellah Lakes took over the management of the 5,000-hectare Adarice Farms in Enugu State under a Memorandum of Understanding with the state government, aiming to build a “Staple Crop Processing Zone” ([Nairametrics][1], [Nairametrics][2]).
* It also has a 2,400-hectare palm plantation acquired in 2019 and is working on additional 5,000-hectare leases in Ondo and Enugu ([Nairametrics][3]).
* The company has registered capital raises and funding rounds, including a ₦5 billion private placement in early 2024 and previous funding efforts including rights issues and partnerships .

### 📉 Financial lens

* Ellah Lakes has faced **financial challenges**, including periods of zero or minimal revenue, such as ₦780,000 in 2024 with a net loss of ₦893.9 million ([Businessday NG][4]).
* It is actively restructuring finances—converting debt to equity, issuing new shares, and leveraging government schemes .

### 🌱 Business growth & legitimacy

* The company’s strategy includes vertical integration: crop cultivation + processing, livestock (piggery), and partnerships like the International Institute of Tropical Agriculture (IITA) for soybean production ([The Nation Newspaper][5]).
* Their annual general meetings are well-documented in credible Nigerian media (e.g., BusinessDay, The Guardian, Nairametrics), with executive names published and board activity openly reported ([Businessday NG][4]).

---

### 🚫 Conclusion

Ellah Lakes is a **real, regulated company** with transparency through NGX filings, strategic acquisitions, public-private MOUs, and ongoing expansion plans. While it does face typical agribusiness financial hurdles, there’s **no credible evidence** to suggest it’s a scam. Its operations and public record support its legitimacy.

---

If you’re considering **investing or partnering** with them, I recommend:

* Reviewing their **latest financial statements** on NGX or their investor relations portal.
* Monitoring **ongoing updates around project commissioning** (e.g., palm oil mill activity due in Q1–Q2 2025) ([Businessday NG][4]).
* Seeking professional advice if you’re planning significant involvement.

Let me know if you'd like help digging into their latest annual report, stock performance, or strategic plans!

[1]: https://nairametrics.com/2022/09/12/ellah-lakes-plc-announces-take-over-of-adarice-farms-associated-assets-from-enugu-state-government/?utm_source=chatgpt.com "Ellah Lakes Plc announces Take Over of Adarice Farms & Associated Assets From Enugu State Government - Nairametrics"
[2]: https://nairametrics.com/2022/09/09/ellah-lakes-takes-over-adarice-farms-from-enugu-state-government/?utm_source=chatgpt.com "Ellah Lakes takes over operations of Adarice Farms from Enugu State Government - Nairametrics"
[3]: https://nairametrics.com/2022/09/18/ellah-lakes-plc-making-success-from-refocusing-strategic-acquisitions-under-chuka-mordi/?utm_source=chatgpt.com "Ellah Lakes Plc: Making success from refocusing, strategic acquisitions under Chuka Mordi - Nairametrics"
[4]: https://businessday.ng/companies/article/ellah-lakes-eyes-palm-oil-production-in-2025/?utm_source=chatgpt.com "Ellah Lakes eyes palm oil production in 2025 - Businessday NG"
[5]: https://thenationonlineng.net/ellah-lakes-iita-partner-on-n360b-soybean-market/?utm_source=chatgpt.com "Ellah Lakes, IITA partner on N360b soybean market - The Nation Newspaper"

Btw an entity bought over 1bn worth of Ellah Lakes at market closing on Friday. Something is going on that is uncommon knowledge.

The best stock to buy now is still the one you already have.Even if it has done 200, 300 ,400 or 500%,it is still the best stock to hold because there is still more upside.

Jumping from one stock to other looking for 10% has no meaning now.Afterall it's all about 10% which is same thing.

Ellah without breast will not do N20 without your stock doing better.

Ci leasing will certainly do N25 -N30 so far this Bull is still fresh.

The sea is blue 💙 and the land is 💚

SohSoh:
Did you read this news article ... a company can couldn't repay or manage 940 million loan... is seeking 250billion

They should issue commercial paper least see if they can repay since company like Dangote, Fidson, Mecure industries are all issuing commercial paper Ellah Lakes should issue commercial paper ....

Why commercial paper? You raise CP for working capital payable less than a year.. mostly 270 days.
You need capital for many reasons and a short term capital raise is not suitable for long term repayment method.
Why go for CP when you can go for bank long term loan like 5 years?
And why go for bank long term 5 years that would be breathing down on you to payback interest with principal monthly while you can raise the same capital via equity with less pressure.
The aim and objectives of capital use determine which route you will use to raise cash.

benzmatic:
Btw an entity bought over 1bn worth of Ellah Lakes at market closing on Friday. Something is going on that is uncommon knowledge.

Exactly! And by the time it's common knowledge the mad rush will begin! Only wish Jegede will just think outside the box for once. People need to hear news about Japaul

Panadee:
I recall you also posted your ‘portfolio’ a few days ago while complaining about ‘hypocrisy’ and that people didn’t buy MECURE.
The funny thing is that I couldn’t find the same MECURE in your list of stocks. Was that an omission?

My brother, that is his trademark confusion.
Ppl here are engaging with SpaceX unawares. He's trying strenuously to normalize himself behind a new masquerade called SohSoh.
But a leopard will not be able to wash away it's spots if it baths from morning to night.

benzmatic:
https://openai.com/chatgpt/overview/ Is Ellah Lakes a scam company?

Ellah Lakes Plc is a **publicly listed agribusiness** on the Nigerian Exchange (NGX), founded in 1980, with a focus on oil palm, cassava, soybean, rice, maize and livestock. It’s a legitimate company with ongoing partnerships, government projects, and a public track record—not a scam. Here’s what recent reporting shows:

---

### ✅ Confirmed activities & credibility

* In **September 2022**, Ellah Lakes took over the management of the 5,000-hectare Adarice Farms in Enugu State under a Memorandum of Understanding with the state government, aiming to build a “Staple Crop Processing Zone” ([Nairametrics][1], [Nairametrics][2]).
* It also has a 2,400-hectare palm plantation acquired in 2019 and is working on additional 5,000-hectare leases in Ondo and Enugu ([Nairametrics][3]).
* The company has registered capital raises and funding rounds, including a ₦5 billion private placement in early 2024 and previous funding efforts including rights issues and partnerships .

### 📉 Financial lens

* Ellah Lakes has faced **financial challenges**, including periods of zero or minimal revenue, such as ₦780,000 in 2024 with a net loss of ₦893.9 million ([Businessday NG][4]).
* It is actively restructuring finances—converting debt to equity, issuing new shares, and leveraging government schemes .

### 🌱 Business growth & legitimacy

* The company’s strategy includes vertical integration: crop cultivation + processing, livestock (piggery), and partnerships like the International Institute of Tropical Agriculture (IITA) for soybean production ([The Nation Newspaper][5]).
* Their annual general meetings are well-documented in credible Nigerian media (e.g., BusinessDay, The Guardian, Nairametrics), with executive names published and board activity openly reported ([Businessday NG][4]).

---

### 🚫 Conclusion

Ellah Lakes is a **real, regulated company** with transparency through NGX filings, strategic acquisitions, public-private MOUs, and ongoing expansion plans. While it does face typical agribusiness financial hurdles, there’s **no credible evidence** to suggest it’s a scam. Its operations and public record support its legitimacy.

---

If you’re considering **investing or partnering** with them, I recommend:

* Reviewing their **latest financial statements** on NGX or their investor relations portal.
* Monitoring **ongoing updates around project commissioning** (e.g., palm oil mill activity due in Q1–Q2 2025) ([Businessday NG][4]).
* Seeking professional advice if you’re planning significant involvement.

Let me know if you'd like help digging into their latest annual report, stock performance, or strategic plans!

[1]: https://nairametrics.com/2022/09/12/ellah-lakes-plc-announces-take-over-of-adarice-farms-associated-assets-from-enugu-state-government/?utm_source=chatgpt.com "Ellah Lakes Plc announces Take Over of Adarice Farms & Associated Assets From Enugu State Government - Nairametrics"
[2]: https://nairametrics.com/2022/09/09/ellah-lakes-takes-over-adarice-farms-from-enugu-state-government/?utm_source=chatgpt.com "Ellah Lakes takes over operations of Adarice Farms from Enugu State Government - Nairametrics"
[3]: https://nairametrics.com/2022/09/18/ellah-lakes-plc-making-success-from-refocusing-strategic-acquisitions-under-chuka-mordi/?utm_source=chatgpt.com "Ellah Lakes Plc: Making success from refocusing, strategic acquisitions under Chuka Mordi - Nairametrics"
[4]: https://businessday.ng/companies/article/ellah-lakes-eyes-palm-oil-production-in-2025/?utm_source=chatgpt.com "Ellah Lakes eyes palm oil production in 2025 - Businessday NG"
[5]: https://thenationonlineng.net/ellah-lakes-iita-partner-on-n360b-soybean-market/?utm_source=chatgpt.com "Ellah Lakes, IITA partner on N360b soybean market - The Nation Newspaper"

Na you get time to dey reply naysayers..

zendi:
The politicisation will touch the High Heavens. The debates in the National Assembly will descend to physical blows.

"Industry Experts" will materialize and testify that there was never anything wrong with the Refinery. It was perfectly sound, and deliberately "junked" in order to strip it to Oando, then delist the whole thing to the private.

Phisical blows will be exchanged in the National Assembly, debating the sale.

I detect some sarcasm

I didn't include MECURE in the list cos it only gave me about 10% captial appreciation also didn't include AIICO in the list too cos it gave me about 10-15% captial appreciation as of the time i posted or made the list. the stocks on the list are my winners... (30-100% capital appreciation) and to be honest I already brought MECURE before I even came here to promote it..

Panadee:
I recall you also posted your ‘portfolio’ a few days ago while complaining about ‘hypocrisy’ and that people didn’t buy MECURE.
The funny thing is that I couldn’t find the same MECURE in your list of stocks. Was that an omission?

I think we're mixing this CGT up.

Scenario A:
I have a portfolio size of ₦100m and it appreciates to ₦250m (due to SP increase & zero trading).
Scenario B:
I have a portfolio size of ₦100m and it appreciates to ₦250m (due to SP increase & aggressive trading).

IMO I think it's Scenario B that is being taxed rather than Scenario A.
I'm open to more insight

EDUECO:
If you account grew from 50 to 300 million Naira within a year,you have invariably made a profit of 250 million Naira.

I believe the 75 million Naira tax due to the government will be debited against your trading account. .

My partner my friend im sorry we are in the same boat together ... one cold beer for you

Streetinvestor2:
Nop I just wanted to confirm. I don't even know anything about the company. Infact na from you I dey hear about the company for the first time.
Looks you don't know .I am worst enemy of the people marketing that junk stock called ellahlakes on this thread. They may accuse me of sending you to spoil thr market on the company..lol

KarlTom:
I think we're mixing this CGT up.

Scenario A:
I have a portfolio size of ₦100m and it appreciates to ₦250m (due to SP increase & zero trading).
Scenario B:
I have a portfolio size of ₦100m and it appreciates to ₦250m (due to SP increase & aggressive trading).

IMO I think it's Scenario B that is being taxed rather than Scenario A.
I'm open to more insight

I also think the situation is little bit dicey.

The same compnay that took loan from FCMB in 2022/2023 and couldnt reply back and converted the loan to euqity ... they can't issue Commercial Paper because they will have poor rating

emmaodet:
Why commercial paper? You raise CP for working capital payable less than a year.. mostly 270 days.
You need capital for many reasons and a short term capital raise is not suitable for long term repayment method.
Why go for CP when you can go for bank long term loan like 5 years?
And why go for bank long term 5 years that would be breathing down on you to payback interest with principal monthly while you can raise the same capital via equity with less pressure.
The aim and objectives of capital use determine which route you will use to raise cash.

The opposition already won the General Elections (26 of 41 seats).
Ironically, Mr Stuart Young (who assumed the office of PM shortly before the GE) was the Energy Minister who approved the OandO bid.

I'm closely monitoring news from that side...

mikeapollo:
I am referring to the potential issues of corruption, conflict of interest etc and how Oando may never be able to convince the populace and potential foreign investors that the deal was transparent, fair and above board .
And it could be revoked by a future president.

The refinery in far away Trinidad and Tobago is even generating a similar problem because the opposition party has already threatened not to recognise the deal when they come to power i.e they may revoke the deal

No sir!
There's no agreement in place...yet

SonofElElyonRet:
If a new government revokes the agreement then they'll pay heavy damages..

Mikeapollo

I recall several British and German engineers who I worked with in the last few years of proper refining at WRPC and I can tell you for a fact that those refineries, in their current state, are full scale liabilities.
Over ₦20trillion has been spent on rehabilitation or/and maintenance since 2010 with little or nothing to show.

That's enough to build a Dangote Refiney with some change...

mikeapollo:
Correction:
Those refineries are assets, not liabilities.
Anything that has value and would give you money when you sell is an asset
They have become "liabilities" because of our corruption, mismanagement and probably incompetence.
Those refineries would work perfectly if the original builders ( i.e. foreign engineers) should take over and run them.

I'm going to share two set of information with you and I believe without proper investigation you and chat GPT would have said the companies were legit

1:: EFishery an Indonesian Agricultural Company

Link :: A TikTok Clip by Bloomberg ::: https://vt.tiktok.com/ZSBX9Pbkw/
Picture also attached

2: Tingo Food or Tingo Group by dozy mmobuosi
Picture also attached read about it

My opinion:: people in Nigeria fell for CBEX and if someone is being scammed and you tried to correct they they will you names

benzmatic:
https://openai.com/chatgpt/overview/ Is Ellah Lakes a scam company?

Ellah Lakes Plc is a **publicly listed agribusiness** on the Nigerian Exchange (NGX), founded in 1980, with a focus on oil palm, cassava, soybean, rice, maize and livestock. It’s a legitimate company with ongoing partnerships, government projects, and a public track record—not a scam. Here’s what recent reporting shows:

---

### ✅ Confirmed activities & credibility

* In **September 2022**, Ellah Lakes took over the management of the 5,000-hectare Adarice Farms in Enugu State under a Memorandum of Understanding with the state government, aiming to build a “Staple Crop Processing Zone” ([Nairametrics][1], [Nairametrics][2]).
* It also has a 2,400-hectare palm plantation acquired in 2019 and is working on additional 5,000-hectare leases in Ondo and Enugu ([Nairametrics][3]).
* The company has registered capital raises and funding rounds, including a ₦5 billion private placement in early 2024 and previous funding efforts including rights issues and partnerships .

### 📉 Financial lens

* Ellah Lakes has faced **financial challenges**, including periods of zero or minimal revenue, such as ₦780,000 in 2024 with a net loss of ₦893.9 million ([Businessday NG][4]).
* It is actively restructuring finances—converting debt to equity, issuing new shares, and leveraging government schemes .

### 🌱 Business growth & legitimacy

* The company’s strategy includes vertical integration: crop cultivation + processing, livestock (piggery), and partnerships like the International Institute of Tropical Agriculture (IITA) for soybean production ([The Nation Newspaper][5]).
* Their annual general meetings are well-documented in credible Nigerian media (e.g., BusinessDay, The Guardian, Nairametrics), with executive names published and board activity openly reported ([Businessday NG][4]).

---

### 🚫 Conclusion

Ellah Lakes is a **real, regulated company** with transparency through NGX filings, strategic acquisitions, public-private MOUs, and ongoing expansion plans. While it does face typical agribusiness financial hurdles, there’s **no credible evidence** to suggest it’s a scam. Its operations and public record support its legitimacy.

---

If you’re considering **investing or partnering** with them, I recommend:

* Reviewing their **latest financial statements** on NGX or their investor relations portal.
* Monitoring **ongoing updates around project commissioning** (e.g., palm oil mill activity due in Q1–Q2 2025) ([Businessday NG][4]).
* Seeking professional advice if you’re planning significant involvement.

Let me know if you'd like help digging into their latest annual report, stock performance, or strategic plans!

[1]: https://nairametrics.com/2022/09/12/ellah-lakes-plc-announces-take-over-of-adarice-farms-associated-assets-from-enugu-state-government/?utm_source=chatgpt.com "Ellah Lakes Plc announces Take Over of Adarice Farms & Associated Assets From Enugu State Government - Nairametrics"
[2]: https://nairametrics.com/2022/09/09/ellah-lakes-takes-over-adarice-farms-from-enugu-state-government/?utm_source=chatgpt.com "Ellah Lakes takes over operations of Adarice Farms from Enugu State Government - Nairametrics"
[3]: https://nairametrics.com/2022/09/18/ellah-lakes-plc-making-success-from-refocusing-strategic-acquisitions-under-chuka-mordi/?utm_source=chatgpt.com "Ellah Lakes Plc: Making success from refocusing, strategic acquisitions under Chuka Mordi - Nairametrics"
[4]: https://businessday.ng/companies/article/ellah-lakes-eyes-palm-oil-production-in-2025/?utm_source=chatgpt.com "Ellah Lakes eyes palm oil production in 2025 - Businessday NG"
[5]: https://thenationonlineng.net/ellah-lakes-iita-partner-on-n360b-soybean-market/?utm_source=chatgpt.com "Ellah Lakes, IITA partner on N360b soybean market - The Nation Newspaper"

We are together...

Streetinvestor2:
This bot has banned and unbanned me like 5 times for reasons I don't even understand

SonofElElyonRet:
I detect some sarcasm

No, I mean it straight.
It will be politically weaponized by the opposition, with much uproar.
Will be called nepotism and corruption.

I was stopped by bot when I wanted to respond.