₦airaland Forum

ojeysky:
Ellah did not close at max red today, that should signal something. Its not abnormal for stock that has been doing 10% back to back to experience profit taking especially on Thursday and Fridays. I would expect some more profit taking on Omatek, Ellah, Decap etc tomorrow as well

There was also a massive Price Crash on NSLTECH. Does that also signal something?

Kereokwu:
Truth be told, I remember Oga Street saying he was buying oando at about 10 or 15 and kept calling it his bet naija stock. I also remember his 'oando don cast' even when he admitted that he holds the stock.
I also remember him raising concerns over sugar which turned to be true and according to him he has the stock.
If you can decipher properly you'll understand that Oga Street is a very intelligent man, yes you may not like how blunt he can be but God made all of us differently and we must not always see or behave alike.

I find Oga Mega recent motivational post inspiring, thank you sir but I think it's morally wrong to post what is not originally yours without reference(we don't follow the multitude to do wrong). Sir pls I don't mean to disrespect you in anyway.

I actually look forward to this two Ogas mend fences, this throwing of shades here and there is unnecessary.

Thanks to all those holding it forth here(those who share information freely, the analysts, those who critic stock, those who bring humour), silent readers like us and especially myc. Gods blessings on all of us.

Wonderful. We're brothers and sisters here and I honestly respect and appreciate this 2 brother.

Shalom428:
Son of the most High , please show mercy. Don't turn Ellah to Cinderella... Some people's pensions dey there... Lol

CinderEllah was very beautiful nah.. and overcame her enemy.. I'm in the bus..

Are people with differing opinions now tagged/viewed as enemies ? (I know the reference is figurative)

IMO, that's a bit stronger than necessary...

SonofElElyonRet:
CinderEllah was very beautiful nah.. and overcame her enemy.. I'm in the bus..

KarlTom:
Are people with differing opinions now tagged/viewed as enemies ? (I know the reference is figurative)

IMO, that's a bit stronger than necessary...

What's this one saying Ogbeni, did Cinderella not have an enemy who was her cruel step mother? Does Ellah lakes not have vicious enemies here? I am comparing Ellah lakes to Cinderella and not talking about people.

Shalom428:
Son of the most High , please show mercy. Don't turn Ellah to Cinderella... Some people's pensions dey there... Lol

By the way, I was just saying that the most vicious attacker of Ellah lakes here will still praise Ellah lakes just like things played out with Oando

Streetinvestor2:
Bro some of us no sabi lie and don't lack integrity. We come with facts to go verify

Nice portfolio you have there. Your average price is lovely, though I haven't seen the quantity . But, it goes to show one thing that you have been long in the market. Though, you didn't enter NAHCO, UCAP and Transcorp early enough. From the part that was shown, you have fundamental stock, except for the Oando that made you show the clip. But, I hope your Oando is not just 1000units . (I have a funny habit, i don't like exiting a company completely because I don't want to fill e-mandate again in case i re-enter, that is for dividend paying stocks).

essentialone:
There was also a massive Price Crash on NSLTECH. Does that also signal something?

I also observed this too o. A stock that had already gained maximum 10%. Lost the 10% and another 10% from it's opening price. That is losing 20% in a day. In fact, it was on full offer. It almost closed N1.09, but managed N1.11

Lesson learnt: Avoid stocks without fundamentals.

On 2025 Part (100)

Aim For SUCCESS...


—The biggest punishment you can give your enemies is success.

As they fight you, achieve, achieve, and achieve MASSIVE SUCCESS!!!

The Nigerian All-Share Index crossed the 130,000 threshold for the first time on July 17, 2025, rising by 1,316.8 points to close at 130,283.8, boosted by strong gains in cement stocks and FIRSTHOLDCO.

This marks a 1.02% gain from the previous day’s close of 128,967.1, despite a slight decline in trading volume.

Market participation eased somewhat, as daily volume slipped to 1.19 billion shares, downfrom 1.24 billion shares exchanged in the prior session.

May FEMI succeed in helping ME move FIRSTBANK above UBA and crossing #60, so that my AUDIO BILLIONS can become real because ELLAH AUDIO BILLIONS is still doing people somehow

H1 Results.

Where are those early filers like MTN, Dangote Cement, UCAP, Wapco, NB. I thought by now, we would start seeing H1 results or is it next week. I hope the result of UCAP will be good, i don't like the way the price is gradually going down. Maybe, no interim dividend this year.

How SunTrust Bank chiefs moved $12m for oil deal — witness

https://businessday.ng/news/article/how-suntrust-bank-chiefs-moved-12m-for-oil-deal-witness/?amp

Bank I was hoping they list in this market 😲

jonnysessy:
Nice portfolio you have there. Your average price is lovely, though I haven't seen the quantity . But, it goes to show one thing that you have been long in the market. Though, you didn't enter NAHCO, UCAP and Transcorp early enough. From the part that was shown, you have fundamental stock, except for the Oando that made you show the clip. But, I hope your Oando is not just 1000units . (I have a funny habit, i don't like exiting a company completely because I don't want to fill e-mandate again in case i re-enter, that is for dividend paying stocks).

Once your details are there, they remain so even if you sell all and re enter later. I stand to be corrected

Here are the latest projections and strategic outlook for First Bank of Nigeria plc (via its parent FBN Holdings) as of early and mid‑2025:


📌 Capital & Strategic Initiatives

As of Q1 2025, FBN Holdings aims to raise its capital base to N730 billion, exceeding the Central Bank of Nigeria’s N500 billion minimum by the March 2026 deadline. This builds on a N150 billion rights issue (closed Dec 2024) and a planned N350 billion raise approved in Nov 2024 .

Capital proceeds will support FirstBank’s operational expansion, digital banking enhancement, automation, and regional footprint growth across Africa, UK, France, and China .


📈 Growth Metrics & Financial Performance (Historical Basis for Forecasts)

In the first nine months of 2024:

Gross earnings surged to ~N2.25 trillion (vs N962 billion in 2023), signaling 134% YoY growth.

Net profits jumped to N610.9 billion over nine months (vs N267.9 billion prior year).

Total assets expanded ~62% to N27.5 trillion, and deposits rose 57% to N16.7 trillion.

ROAE improved to ~32.8%, while ROAA reached ~3.2% .


For full-year 2024, projected annual figures suggested earnings around N2.8 trillion with underlying momentum from high digital adoption and diversified income .


🔮 Projections for Full‑Year 2025

While FBN Holdings hasn’t published formal detailed projections for FY 2025 yet, available data and strategic direction imply:

Gross earnings expected to exceed N3 trillion, building on strong Q4 2024 and Q1 performance.

Net income projected to continue expansion beyond N600 billion as digital-led revenue, increased lending, and a stronger capital base bolster returns.

EPS should remain robust (likely >859 kobo), assuming continued profitability and effective cost control.

Balance sheet: Assets and loan book expected to grow meaningfully, supported by capital raise efforts.

Profitability ratios (ROAE, ROAA) are targeting sustained levels in the 3%+ range, depending on margin dynamics and funding costs.


✅ Summary Table

Category Current/Near-term Position 2025 Projection

Capital Base Targeting N730 billion by Q1 2025 Fully recapitalized beyond N500 b minimum by deadline
Gross Earnings (9M 24) ~N2.25 trn (134% YoY) >N3 trn likely, based on strong momentum
Net Income (9M 24) ~N610.9 billion Likely >N600 billion for full year

EPS (Dec 2023 base) ~859 kobo (full year) Moderate YoY growth—potentially well above 1 Naira

Asset/Loans/Deposits Assets ~N27.5 trn; loans N9.4 trn; deposits N16.7 trn Continued double-digit growth across balance sheet items

Profitability (ROAE) ~32.8%; ROAA ~3.2% Marginal gains possible, based on improved interest and fees


⚙️ Operational Drivers

Expansion of digital banking platforms (FirstMobile, FirstOnline, Lit App, *894#, etc.) where over 90% of customer transactions now run .

Strong performance in interest income (up ~165% to N1.63 trillion in 9M24) and non-interest income (up ~82%) suggests diversified revenue base .

Despite macro pressures like high CRR (~50%), FirstBank appears well-positioned via its scale, digital penetration, and capital strength .



---

🧭 Final Thoughts

As of mid‑July 2025, formal FY 2025 guidance has not been released, but underlying business trends and strategic actions signal strong financial performance ahead:

A fully recapitalized balance sheet enabling scalable growth.

Double-digit growth in revenue and earnings through digital and interest-driven engines.

Continued delivery of strong returns on equity/assets with improving efficiency and funding flow.


Once Q2, Q3 or full‑year official guidance is published (e.g. earnings releases due July 29, October 23, and April 2026) you’ll have more specific figures. But early indicators point to a highly positive outlook for 2025.

Please be reminded that the Extraordinary General Meeting of members of Ellah Lakes Plc will be held as follows:

Venue: Conference Centre, Naval Dockyard, Ahmadu Bello Way, Victoria Island, Lagos.
Date: Friday, 25 July, 2025.
Time: 11 am

NOTES:
Proxies:

A member of the Company entitled to attend and vote, is entitled to appoint a proxy to attend and vote in his/her stead. A proxy need not be a member. To be valid, a proxy form must be completed in accordance with the instructions contained in the form, stamped by the Commissioner of Stamp Duties, and deposited at the registered office of the company’s registrar, Cordros Registrars Limited, 131 Onipanu, Ikorodu, Lagos, Nigeria, or sent via email to cordrosregistrars@cordros.com not later than 48 hours before the time of holding the meeting. A proxy form is attached below.

Stamping Of Proxy Forms:
The Company has made arrangements at its cost for the stamping of the duly completed and signed proxy forms submitted to the Company’s Registrars within the stipulated time.

Live Streaming of the EGM:

The EGM will be streamed live online via Zoom to enable shareholders and other stakeholders who will not be attending physically to follow the proceedings. The link will be shared with the shareholders at least 48 hours before the scheduled date for the EGM
Kindly click the buttons below to download the notice of extraordinary general meeting, proxy form, e-mandate, and e-data update forms.

The Dangote Petroleum Refinery and Petrochemicals has uncovered a fresh racket involving some of its affiliate marketers and strategic partners who have been diverting subsidised refined petroleum products for profit, prompting the suspension of the refinery’s discounted fuel supply scheme.

Investigations by the refinery revealed that certain marketers who were granted discounted products, meant to ensure affordability and steady supply across retail outlets, had been re-routing the loaded trucks to unregistered third-party marketers.

The scheme was originally designed to support Dangote’s registered affiliate marketers in achieving stable profit margins amid price competition from fuel importers, while also guaranteeing nationwide availability of the refinery’s products.

However, the marketers were found to be circumventing the distribution chain by allowing importing, non-registered marketers to pick up products from the refinery using their Authority To Collect loading ticket. This allowed them to cash in on the price differential without incurring legitimate costs associated with logistics, retail station operations, or administrative compliance, making fast profit.

The refinery noted that the diverted products were often sold at market rates far above the agreed subsidised prices, effectively undermining the core objectives of the scheme and distorting the downstream market. Miffed by this situation, the refinery directed the suspension of its discount scheme for its customers with effect from July 13, 2025.

Ote$ seems to be having the last laugh... I won't be surprised if online keyboard haters of his start fighting him but FEMI na cowboy just like Tony wey sabi this game... He will simply ignore them while helping my FBN get to envious heights like GEREGU

On a serious note, I said it that FIRSTBANK will get to 35 and it's there now... The next hurdle is crossing that 40... If achieved 50, 60 and probably 80

The journey might not be easy just like ELLAH in the days of 3 but it won't be longer

@madam mcy thanks for showing me how to show facts and evidence on this thread with other members.
I wanted to use it and eat one bros money then on oando. I have not been seeing the moniker since he said he has channeled his loot to business. Abi he now operates a new moniker here

Raider76:
I think it sounds like Madam is not in FBN (or perhaps banks in general?). She earlier called them "falling knives", before deleting it.

It could be a misunderstanding on your path or a typo on her path. She has been a lover of FIRSTBANK and Access Bank 😘

Redoil:
Please be reminded that the Extraordinary General Meeting of members of Ellah Lakes Plc will be held as follows:

Venue: Conference Centre, Naval Dockyard, Ahmadu Bello Way, Victoria Island, Lagos.
Date: Friday, 25 July, 2025.
Time: 11 am

NOTES:
Proxies:

A member of the Company entitled to attend and vote, is entitled to appoint a proxy to attend and vote in his/her stead. A proxy need not be a member. To be valid, a proxy form must be completed in accordance with the instructions contained in the form, stamped by the Commissioner of Stamp Duties, and deposited at the registered office of the company’s registrar, Cordros Registrars Limited, 131 Onipanu, Ikorodu, Lagos, Nigeria, or sent via email to cordrosregistrars@cordros.com not later than 48 hours before the time of holding the meeting. A proxy form is attached below.

Stamping Of Proxy Forms:
The Company has made arrangements at its cost for the stamping of the duly completed and signed proxy forms submitted to the Company’s Registrars within the stipulated time.

Live Streaming of the EGM:

The EGM will be streamed live online via Zoom to enable shareholders and other stakeholders who will not be attending physically to follow the proceedings. The link will be shared with the shareholders at least 48 hours before the scheduled date for the EGM
Kindly click the buttons below to download the notice of extraordinary general meeting, proxy form, e-mandate, and e-data update forms.

Make una come dash me proxy form make I follow show for that egm.So that we go see all the faces way they behind this project for ngx...lol

megawealth01:
The Dangote Petroleum Refinery and Petrochemicals has uncovered a fresh racket involving some of its affiliate marketers and strategic partners who have been diverting subsidised refined petroleum products for profit, prompting the suspension of the refinery’s discounted fuel supply scheme.

Investigations by the refinery revealed that certain marketers who were granted discounted products, meant to ensure affordability and steady supply across retail outlets, had been re-routing the loaded trucks to unregistered third-party marketers.

The scheme was originally designed to support Dangote’s registered affiliate marketers in achieving stable profit margins amid price competition from fuel importers, while also guaranteeing nationwide availability of the refinery’s products.

However, the marketers were found to be circumventing the distribution chain by allowing importing, non-registered marketers to pick up products from the refinery using their Authority To Collect loading ticket. This allowed them to cash in on the price differential without incurring legitimate costs associated with logistics, retail station operations, or administrative compliance, making fast profit.

The refinery noted that the diverted products were often sold at market rates far above the agreed subsidised prices, effectively undermining the core objectives of the scheme and distorting the downstream market. Miffed by this situation, the refinery directed the suspension of its discount scheme for its customers with effect from July 13, 2025.

This is the difference between a private business and govt. If this racket was being done in NNPC, it'll take them 5 years to notice. Then another 5 years to stop it (the racketeers will collude with NNPC staff).

jonnysessy:
Nice portfolio you have there. Your average price is lovely, though I haven't seen the quantity . But, it goes to show one thing that you have been long in the market. Though, you didn't enter NAHCO, UCAP and Transcorp early enough. From the part that was shown, you have fundamental stock, except for the Oando that made you show the clip. But, I hope your Oando is not just 1000units . (I have a funny habit, i don't like exiting a company completely because I don't want to fill e-mandate again in case i re-enter, that is for dividend paying stocks).

This my guy self.You don't know na afolabi money we get and not audio

I be that aba illiterate igbo business man(trader) so I like more money. If you pay me 1 million naira for any of the stocks thr I will show the afolabi units

Then as long as you have units left in your portfolio. The cost increases when you average up and when you sell this completely. The Registrars still have your info for dividend

UCAP is the best stocks in my 6 portfolio with 3 brokers. The BE in a particular portfolio where the main afolabi units is #1.00.
This ucap was newer buy from rebalancing from total and others .Then again the bonus of 2 for1 has made the cost not to be true again
Transcorp main portfolio was bought long before the reconstruction. So this is equally newer buy
This is the only Nahco and this is truly when I came into the stock

Pls pay the 1 million for any stock and see the afolabi units. You know we are not into any measuring competition. We just like to show facts and evidence like Obidients we be

Olaide1295:
This is the difference between a private business and govt. If this racket was being done in NNPC, it'll take them 5 years to notice. Then another 5 years to stop it (the racketeers will collude with NNPC staff).

You are 💯 on point

I will be coming with the card Ellah kpakus will likely play today being Friday being a street guy.Friday is always different like other days if you have been in this business long ago

Streetinvestor2:
Pls now prove with pictures that the head office that someone posted about ellah kpakus is fake.We know you stay in benin.
Show us the mill construction in progress as the date given was last month
I will be pointing out Ellah kpakus moves when market opens tomorrow.
Tell me if you are doing better than my oando and your Ellah kpakus.
When q2 results of oando and full yr of that junk.we will still measure them

I have shown evidence and workings. I am waiting for una own
Pls don't forget to show us the evidence of the fish farm your friends saw and your team members, lol
All those insults to get team support and likes is like hitting below the belt in boxing game..lol

Olaide1295:
This is the difference between a private business and govt. If this racket was being done in NNPC, it'll take them 5 years to notice. Then another 5 years to stop it (the racketeers will collude with NNPC staff).

Stop what? They'll simply collude & collect their share.

I was banned yesterday, just when I wanted to drag you further immediately I saw that mumu evidence, a lot of questions on my mind based on the claims of that moniker.
My mother will say for every lie, you need 4 new lies to cover it.

I will let it slide for now but if u pass your boundaries u go collect wotowoto.

Stop claiming who you are not in front of the people who know exactly who you are.


Go and check my post, I have said it countless times that ellahlakes is still risky, but remember, high risk, high reward.

I made that quote since day one.

Streetinvestor2:
Make una come dash me proxy form make I follow show for that egm.So that we go see all the faces way they behind this project for ngx...lol

you too like wahala...I will give one proxy as my fellow trader.

Princkez:
you too like wahala...I will give one proxy as my fellow trader.

I no be trader oh.I be investor.
I no go collect proxy form from you because I bookmarked one of your post.
In that particular post you claim the 250 billion is already at hand.So after egm and is not true.
I go drag you like tiger generator here for lying..lol
And if na true you go collect 21 salute .I know say we way no be audio sabi it is not even easy for banks to raise that kind money in this recapitalisation

crownprince2017:
I was banned yesterday, just when I wanted to drag you further immediately I saw that mumu evidence, a lot of questions on my mind based on the claims of that moniker.
My mother will say for every lie, you need 4 new lies to cover it.

I will let it slide for now but if u pass your boundaries u go collect wotowoto.

Stop claiming who you are not in front of the people who know exactly who you are.


Go and check my post, I have said it countless times that ellahlakes is still risky, but remember, high risk, high reward.

I made that quote since day one.

You are doing a job👍 Not everyone will be as gentle as MEGAWEALTH01

ELLAH that many are angry they missed. I may not agree to everything about CHUDI but many attacks on ELLAH is purely out of mischief just to get at ME. They attacked OMATEK, TANTALIZERS, UNITY BANK and a host of others just to get RESPONSES from me but I just kept my cool MATURELY because Mr Time will always do its thing. Some think I'm the one riding them up so I can cash out 😂. The only stock waiting for performance is UNITY BANK which is expected to happen once suspension is lifted and they will lick their wounds that's if they have SHAME. It's a shame that certain persons don't understand how this thing NGX works despite how many years they CLAIM to have been in the market. I was the one that made them open a trading account for purely GAMBLING

This thing is a game. Learn from the GAMERS or just stay as just an INVESTOR which is good for your sanity

My MEGAWEALTH and all round the goodlife REALITY in real life is too good to be true... I am proudly PastorChrisPikin 😘

I have said it severally that I stay in audio abroad with audio billions and the recent one is I proudly live a FAKE LIFE

I want evidence, facts and working oh.Make una leave this style of backing out.Your mother must be a good woman to have told you the truth which my mother equally told me.I guess as we became adult and in the pursuit for money we choose the other path..lol

I don't know how Nascon has been moving below my radar all this while without noticing.
The company is been run well.
Good income statement, Balance sheet is impressive and cash flow statement very nice.
Some observations -
DIO = 67 - Inventory sits in warehouse on an average 67 days before been sold. That is a bit on the high side. Should be less than a month. Signals not so much demand or high competition from other players in the market.
DSO = 28 days - average days to get back receivables which is good.
DPO = 12 days - Takes 12 days to pay suppliers.
Overall - Cash get used up faster, tied up compared to the time taken to generate cash.
In the mean time, the FCF and OCF are positive and increasing.
CCC = 82 - it takes on average 82 days to buy(use up cash) inventory, process it, sell and get back cash (generate).
Capex/Dep is 0.6 - 60% of depreciation is capital expenditure. The machines are depreciating faster than the money invested back into them to avoid breakdowns and increase production on the long run.
Current Price #74.9. At P/E of 10, my implied FY price should be around #100. roughly a 25% upside