₦airaland Forum

Omooloriredade:
Just passing by

SonofElElyonRet:
These guys relentlessly attacking Ellah just want to crash the price. Their ring leader is the Oando don cast dude who has now loaded Oando and is the chief promoter.. the truth is that all these CEOs and directors always look for a way to make money off their companies and Ellah is no exception.. distasteful I agree but the constant vicious attacks are not borne out of a moral crusade to protect shareholders but to scare holders to sell and crash price so they can buy heavy. They missed the low price and are envious of those sitting in the bus. Anyone who panic sells because of the coming quarterly report is on his own. If you must sell, do so out of conviction and not panic. Also don't come back here to wail if price rallies after you sell. Finally, this same Oando don cast guy made me panic sell 400,000 units of Oando at N29 and immediately afterwards started singing Oando's praise. Do your due diligence. Not financial advice. Just my 2 cents

Sunrisepebble:
The result was not good enough to justify the price, that’s why the stock was on full offer for months, it was being pushed up by Otedola’s buying, whose objective is different to ours. I think now it’s due for a re-rating. With 10x EPS and 90% payout ratio, it should be a N600 stock

SonofElElyonRet:
Actually I just watched the EGM till the end.. the loans are still coming in and the deadline is close of work today. Chuka said as at time of meeting, the amount to be converted is under N4b but of course, more loans are acceptable till close of work.. he said they can't afford even the associated costs of raising capital e.g SEC etc fees so they need the extra funds. He said the total debt to equity amount will be contained in the quarterly report to be released in about 2 weeks time. Not peculiar to Ellah that directors in Nigeria like to make money when opportunity arises.. dem go grant loan pass wetin dem need I'm sure, so that they can get the shares at N2.80. my own be say make the "significant agricultural asset" to be acquired be worth it and change the fortunes of the company.. Chuka spoke well today.. na God talk say make him collect mic from chairman.. he explained how capital intensive it's been clearing and planting that huge number of hectares. Gave a breakdown of cost. Also said the company is now at the stage of transformation. Something hoooooge is about to happen

p s. Important thing is that people should look past the soon to be released quarterly report. The future is bright

SonofElElyonRet:
These guys relentlessly attacking Ellah just want to crash the price. Their ring leader is the Oando don cast dude who has now loaded Oando and is the chief promoter.. the truth is that all these CEOs and directors always look for a way to make money off their companies and Ellah is no exception.. distasteful I agree but the constant vicious attacks are not borne out of a moral crusade to protect shareholders but to scare holders to sell and crash price so they can buy heavy. They missed the low price and are envious of those sitting in the bus. Anyone who panic sells because of the coming quarterly report is on his own. If you must sell, do so out of conviction and not panic. Also don't come back here to wail if price rallies after you sell. Finally, this same Oando don cast guy made me panic sell 400,000 units of Oando at N29 and immediately afterwards started singing Oando's praise. Do your due diligence. Not financial advice. Just my 2 cents

Ginalex:
Who go help us beg Elums for Transpower matter ... Even if nothing wan happen, give us reasonable dividend 🥲🥲

EDUECO:
I thought you prefered capital appreciation?

Don't worry,he will double the share price.

egojeny1:
Chai, what a very big miss. Oando that reached 90+ just within a short time. It is well

Mfunkynation:
Always takes someone criticism as a yard stick to re-verified your facts...
From all your write up , you ain't praising Ella Ella, WHY?

emmaodet:
Well, i agree but the truth is they are burning too much cash and diluting too much for the expected revenue.
During my calculation, They were burning on average less than 1b naira negative free cash flow per year.
So, if they claimed to have burn 4b so far within this fiscal year, that amount is enough to run the farm for 4 years and not just a short period.
Last year was around 600m negative cashflow (total cost of running the farm)
In 2020 - 440m was used to run the farms and 2.2b to buy PPEs). total burnt 2.6b
In 2023 - 490m was used for OCF + 16.7m in PPE. Total burnt 510m
in 2024 - 286m used on OCF + 212m in PPE). Total 498m
Q3/25 - so far so good, in the past 9m of 2025 FY, they have spent 507m on daily running farm operations and another 212m in capital expenditure) Total is 719m.
So how come they are have been burning billions, billions and more billions to come running the company?
If you calculate the amount shareholders have invested so far in equity since 2022 plus director's loans converted so far, it is enough to run the farm till maturity.
Maybe i am wrong though

megawealth01:
You really missed sha. You mean you lost such volume because of mere rants here? I sold my ONE OF MY BATCHES OF OANDO at 80+ and a good number at 90 region sha. Many times you just have to be strategic even if you want to sell ooooo

Back then I read rants here and simply ignore until some persons started acting kiddish

Selling at once not my thing sha

Sunrisepebble:
Wapco is N2 trillion market cap not N400bn

SonofElElyonRet:
These guys relentlessly attacking Ellah just want to crash the price. Their ring leader is the Oando don cast dude who has now loaded Oando and is the chief promoter.. the truth is that all these CEOs and directors always look for a way to make money off their companies and Ellah is no exception.. distasteful I agree but the constant vicious attacks are not borne out of a moral crusade to protect shareholders but to scare holders to sell and crash price so they can buy heavy. They missed the low price and are envious of those sitting in the bus. Anyone who panic sells because of the coming quarterly report is on his own. If you must sell, do so out of conviction and not panic. Also don't come back here to wail if price rallies after you sell. Finally, this same Oando don cast guy made me panic sell 400,000 units of Oando at N29 and immediately afterwards started singing Oando's praise. Do your due diligence. Not financial advice. Just my 2 cents

zendi:
Just seeing this, as I've been distracted offline.

I'm afraid you'll have to to consult that glossary of nsempa slangs we compiled here sometime ago for accurate definition.
Sorry I can't dig it up right now and don't want to risk giving you slightly inaccurate definition.

But what I can share with you right now is that if Men In Black regularly attack two or three entities in your portfolio for just one year, you may find yourself scrolling upandan the Forbes List searching for your name.

Sabiboy99:
Did your Portfolio drop on Friday because of profit taking?

Sunrisepebble:
Wapco is N2 trillion market cap not N400bn

unite4real:
You need to look at this report properly again.
Dangote cement EPS for full year 2024 was around N29+.

Also wapco dividend payout reported was wrong they paid twice. N1.20 and then N4

bastardson:
Can we buy Unity Bank with Paytient funds? Like keeping it for 1 - 2 yrs?

KarlTom:
They simply continued. They never stopped...

SonofElElyonRet:
I'll be the first to agree that some things certainly don't add up. Shareholders at the meeting forced them to reveal some info. Going forward they'll be facing tougher scrutiny. Think shareholders on the whole just want to give them a chance to get the N250b with the strong belief that it would mark a turn around in the company's fortunes. That "significant agricultural asset" they say they want to acquire is what people want to see. By and large, by the time they begin to fully harvest and process palm oil and other products, it's going to be huge. I'm in it for the long haul like I said .. appreciate bro

KarlTom:
They simply continued. They never stopped...

megawealth01:
Ellah Lakes breaks silence on years of investment with revenue now in sight

https://businessday.ng/companies/article/why-ellah-lakes-didnt-turn-in-revenue-for-years-ceo/

Ginalex:
Who go help us beg Elums for Transpower matter ... Even if nothing wan happen, give us reasonable dividend 🥲🥲