₦airaland Forum

Kind of make sense😀

chimex38:
There is an improvement anyway.
The idea is that the market will react to the % improvement which I believe he just translated to an equivalent "apparent EPS"; Not necessarily the face value of Eps.

The formula isnt complex. Its still simplified.
Afterall, the stock price wasn't Zero or -ve when the face value of EPS was -ve; was it?

GeeKudi:
Even with the share dilution?

What has dilution to do with a well managed company like ACCESSCORP?

Q1 2025 was ₦4.88

₦4.88×4 =₦19.52 for full year 2025

+ or - nothing less than ₦15 for full year 2025.

ogoo4real:
Access seems to be the worst hit in the banking sector.

Even Wema bank has been consistent on the upward side.

Access is not as bad as FCMB

This ELLAH CHAIRMAN wan spoil show ooooooo. Mordi abeg collect 🎤 oooooo

EDUECO:
What has dilution to do with a well managed company like ACCESSCORP?

Q1 2025 was ₦4.88

₦4.88×4 =₦19.52 for full year 2025

+ or - nothing less than ₦15 for full year 2025.

Even the well-managed talk, hmmm

EDUECO:
What has dilution to do with a well managed company like ACCESSCORP?

Q1 2025 was ₦4.88

₦4.88×4 =₦19.52 for full year 2025

+ or - nothing less than ₦15 for full year 2025.

They did not calculate the q1 eps with the current OS of over 53billion shares. If they used their current OS, Eps would have been about 3.5.

megawealth01:
This ELLAH CHAIRMAN wan spoil show ooooooo. Mordi abeg collect 🎤 oooooo

From what he has said so far, Ellah has been cultivating palm plantation since the last 4 years. I will consider buying some Ellah soon

He also reiterated that a mill has been built but he didn't say anything about the promised commissioning of the mill. Has the mill been commissioned? Has it started refining oil and adding to the revenue of the company?
They need to be deliberate in letting the shareholders know what is going on with the company.

ndept:
From what he has said so far, Ellah has been cultivating palm plantation since the last 4 years. I will consider buying some Ellah soon

Whoever is in charge of their zoom control should be seriously flogged. Such mediocrity!

GeeKudi:
He also reiterated that a mill has been built but he didn't say anything about the promised commissioning of the mill. Has the mill been commissioned? Has it started refining oil and adding to the revenue of the company?
They need to be deliberate in letting the shareholders know what is going on with the company.

Yes, you have a point about the mill. The attraction for me is the palm plantation on about 500 hectares (if I heard well ), If true, then Ellah is good for the long term.

GeeKudi:
Whoever is in charge of their zoom control should be seriously flogged. Such mediocrity!

Lol, hope the presenters are better dressed this time around?

Sigh.
I didn't want to comment earlier...

GeeKudi:
Whoever is in charge of their zoom control should be seriously flogged. Such mediocrity!

ndept:
From what he has said so far, Ellah has been cultivating palm plantation since the last 4 years. I will consider buying some Ellah soon

That 2.80 equity/loan conversion sha

Things will unfold in the days ahead

the way the ceo is smiling after the resolution vote. u go know say his plan don enter. 3bn debt converted at 2.8naira, with current price of 10naira. the guy don clean mouth.

NajibatAde:
saw this and decided to post for the sake of anyone interested.
https://www.youtube.com/watch?v=W6S1JEJfdCc

megawealth01:
That 2.80 equity/loan conversion sha

Existing shareholders should have something too. I understand their sacrifices, but shareholders have done their own part too by investing with them.

It was the average price at the time the loan was allegedly advanced. So, I think it makes sense.

megawealth01:
That 2.80 equity/loan conversion sha

Things will unfold in the days ahead

jideflash:
the way the ceo is smiling after the resolution vote. u go know say his plan don enter. 3bn debt converted at 2.8naira, with current price of 10naira. the guy don clean mouth.

Geekudi has answered appropriately

ogoo4real:
Access seems to be the worst hit in the banking sector.

Even Wema bank has been consistent on the upward side.

An undervalued or under priced stocks like Access is a potential gold mine.
The price will sky-rocket after finalization of the various acquisitions/restructuring.

UBA and FBN were also undervalued under similar circumstances for sometime before they bounced back.

jideflash:
the way the ceo is smiling after the resolution vote. u go know say his plan don enter. 3bn debt converted at 2.8naira, with current price of 10naira. the guy don clean mouth.

I expect the SP to drop further. The meeting did nothing to instil confidence.

megawealth01:
That 2.80 equity/loan conversion sha

Things will unfold in the days ahead

Mega, the loan conversion was done way back @N2.80 nah.......when Ellah was trading at around N3...
I can even remember posting it here....

Whosoever believes in ELLAHLAKES should go for it and wait patiently....
Anyone that doesn't have confidence in the management or the company, then exit door is very open on the secondary floor.
Make dem no start this ELLAH troubles here again o

mikeapollo:
An undervalued or under priced stocks like Access is a potential gold mine.
The price will sky-rocket after finalization of the various acquisitions/restructuring.

UBA and FBN were also undervalued under similar circumstances for sometime before they bounced back.

hopefully they finalize this 2025

Mpeace:
They did not calculate the q1 eps with the current OS of over 53billion shares. If they used their current OS, Eps would have been about 3.5.

Okay if you say so.

₦3.5 × 4 = ₦14

Let say at least ₦10 will be EPS for 2025.

Can Nestle,Presco, Dangote Cement, Dangote Sugar,BUA Cement,BUA Foods and Okomu make about 30 percent of their current stock price as full year EPS?

Now you can see why most bank stocks are grossly undervalued.

R T BRSICOE

https://doclib.ngxgroup.com/Financial_NewsDocs/44590_R_T_BRISCOE_(NIGERIA)_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf
Culled from
https://ngxgroup.com/exchange/data/company-profile/?symbol=RTBRISCOE&directory=companydirectory

THE INITIATES PLC

https://doclib.ngxgroup.com/Financial_NewsDocs/44592_THE_INITIATES_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

BRICLINKS

https://doclib.ngxgroup.com/Financial_NewsDocs/44588_BRICLINKS_AFRICA_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

yMcy56:
Mega, the loan conversion was done way back @N2.80 nah.......when Ellah was trading at around N3...
I can even remember posting it here....

Whosoever beleives in ELLAHLAKES should go for it and wait patiently....
Anyone that doesn't have confidence in the management or the company, then exit door is very open on the secondary floor.
Make dem no start this ELLAH troubles here again o

I didn’t listen to the AGM—I’ll do so later. But my question is: are these other guys, like JideFlash and KarlTom, stupid for reporting that the resolution vote happened today? Or is it now the new normal for a conversion that was supposedly done long ago—according to you—to just be getting a resolution today from EllahLakes? The way you defend stocks sometimes is honestly funny. But hey, keep doing you.

I say make I greet una oooo.

While Ci leasing is on the way to welcome Q2 result,Royalex is another winning stock among the insurance stocks.

We no dey shout for nothing nah.
Na to dey watch Royalex do the magic.

N5 loading

Based on my view of ellahlakes egm I believed those guys have achieved significant milestones but want to eat deep before letting the information in the public space.

The question is, how much deep they want to eat.

NB, I believe you are seeing your mate

PRESCO

That loan supposed to be converted at the price as at when the loans were obtained.
But we wait for more clarity but surely those guys are hiding some vital information.

As usual...

I hope they don't dump on shellholders

crownprince2017:
That loan supposed to be converted at the price as at when the loans were obtained.
But we wait for more clarity but surely those guys are hiding some vital information.

It's just a pity. The shareholders who were present appeared courageous enough to dare asking tough questions but grossly less articulate to be able to put the questions straight.

crownprince2017:
Based on my view of ellahlakes egm I believed those guys have achieved significant milestones but want to eat deep before letting the information in the public space.

The question is, how much deep they want to eat.

ositadima1:
I didn’t listen to the AGM—I’ll do so later. But my question is: are these other guys, like JideFlash and KarlTom, stupid for reporting that the resolution vote happened today? Or is it now the new normal for a conversion that was supposedly done long ago—according to you—to just be getting a resolution today from EllahLakes? The way you defend stocks sometimes is honestly funny. But hey, keep doing you.

Since you didn't listen, aren't you hasty in your conclusion?
I'm not defending ELLAH and if i defend it, well, is it normal to work against something you are a part of or believed in ?
When I'm not Streetinvestor......

The converted shares has long been listed and added to the OS...
Do your search online nah.