₦airaland Forum

Mpeace:
If they issue additional 100million shares at 2,500. They will get the N250billion

How

If indeed there is competition for the same asset, then Chuka and Ellah doesn't stand a chance at all IMO.

SonofElElyonRet:
Make Chuka no slack o.

Locotrader:
Japaul go sweet go this last minute trading.
Likely to close above N3 this afternoon

and then after few days e go fall back to sub 3. No be jijo people dey take am do so? Jegede just sidon like gari ifo.

Freshestbot:
Hello

I'm new here. I've been following the thread for some weeks now.

Please I want to know how dividend payment works. Is it automatic and would it be paid into my trading account or do I need to apply for it–what would the process be like?

N.B I have a CSCS account with Morgan Capital

Thank you

Any company that is with coronation registrars is automatic; no need to fill any e-divdend form. ACCESSCORP and Dangote Cement are with coronation registrars. Your dividend will be paid into the bank you used in registration for Morgan Capital iTrade.

GeeKudi:
If indeed there is competition for the same asset, then Chuka and Ellah doesn't stand a chance at all IMO.

If it's a sale and not partnership, owners only need concern themselves with who pays first !

SonofElElyonRet:
How

The way Ellah went up from N3 to N12 naaa. The way UBA went from N34 to N50. Lol
They can do it, if only they...

Interesting. Not sure we can assume Presco's is for M&A, though. They've only just acquired a substantial Ghana asset, and I imagine it'd be easier and faster to raise debt for another opportunistic acquisition than to run a rights issue.

I don't know for sure, of course, but Presco recently issued a large 23+% 7-year bond that is callable in early 2028. They might be looking to eliminate that as interest rates fall.

Sunrisepebble:
I’m curious as to what asset they’re acquiring. Our dear Ellah too wants to raise N250bn for same reason.

megawealth01:
You are lucky they paid something sef

I tell you..
That sector just dey warm up infinito

Interesting information - I am surprise to see Real estate as a top contributor

According to the National Bureau of Statistics (NBS), Nigeria’s Gross Domestic Product (GDP) in nominal terms rose to N94.05 trillion in Q1 2025, representing an 18.30% year-on-year growth from N79.51 trillion in Q1 2024. However, on a quarter-on-quarter basis, GDP declined by 9.97% from N104.47 trillion recorded in Q4 2024, tracking seasonal economic moderation and tighter monetary conditions. In nominal terms, Real Estate emerged as the largest contributor in Q1 2025, followed by Trade, Crop Production, and Telecommunications. Despite nominal inflation pressures and currency depreciation, key sectors such as Real Estate, Trade, Crop Production, and Telecommunications emerged as the largest contributors to GDP. Combined, the top ten sectors accounted for 75.17% of the economy.

Each player: ₦150million +3bedroom +OON
Each Technical crew:₦75million
About ₦3.6-4.6bn don kommot for treasury.

https://www.vanguardngr.com/2025/07/tinubu-confers-national-honour-gifts-100k-houses-to-super-falcons-players/

How much dey your portfolio?

Fair point.
However, the disclosure centered more on acquisition than your assertion. it's left to be seen where all of that will go to. I will definitely buy the rights.

HesInMe:
Interesting. Not sure we can assume Presco's for M&A, though. They've only just acquired a substantial Ghana asset, and I imagine it'd be easier and faster to raise debt for another opportunistic acquisition than to run a rights issue.

I don't know for sure, of course, but Presco recently issued a large 23+% 7-year bond that is callable in 2027. They might be looking to eliminate that as interest rates fall.

What if ELLAHLAKES and PRESCO wants to combine and buy this asset 50/50,you know PRESCO supplies ELLAHLAKES seedlings ...just thinking ooo

emmanuelewumi:
The biggest in Imo State and not in Nigeria.

The have about 4500 hectare of oil palm plantation

PRESCO s 60% stake in the Ghana plantation alone is more than 180% the size of Ada palm

I thought same but line 18:

To consider, and if thought fit pass the following as ordinary resolutions
18. That the Board of Directors is duly authorized to invest in and acquire directly or through its subsidiaries all or majority of the shares or assets of a company or companies in the same line of business as Presco Plc as determined by the Board of Directors pursuant to the Business Expansion Programme.

HesInMe:
Interesting. Not sure we can assume Presco's for M&A, though. They've only just acquired a substantial Ghana asset, and I imagine it'd be easier and faster to raise debt for another opportunistic acquisition than to run a rights issue.

I don't know for sure, of course, but Presco recently issued a large 23+% 7-year bond that is callable in 2027. They might be looking to eliminate that as interest rates fall.

unite4real:
PRESCO s 60% stake in the Ghana plantation alone is more than 180% the size of Ada palm

Lol. You don't know Ada Palm. It's almost the size of Presco total.
The 4,310 hectares is the First phase planted in 1975. Unfortunately that's what is quoted online.
Ada Palm is 38,000 Hectares of land. Just do your research.

zendi:
When sold, the plantation will not be carried away from your state.
It will still be there, but this time well managed, providing jobs for your present and future generations, and tax revenues for your government tiers.

The loot from the sale will not be looted by your governor, local govt chairmen and their gangs, I sincerely promise you.

The revenue will be used judiciously to do health, education, infrastructure etc for your present and future generations, pls rest assured.

Abeg, make una no fex oo, na len I dey len how I go use sakazum describe Nigerian lootokarasi o.

Abeg any bro/sis wey sabi sakazum well well make e helep me chek weda I try, abeg.

zendi:
When sold, the plantation will not be carried away from your state.
It will still be there, but this time well managed, providing jobs for your present and future generations, and tax revenues for your government tiers.

The loot from the sale will not be looted by your governor, local govt chairmen and their gangs, I sincerely promise you.

The revenue will be used judiciously to do health, education, infrastructure etc for your present and future generations, pls rest assured.

I hear you.Go ask the people of Akwaibom why they refused to let nigeria breweries have 100% of champion breweries
Lol at the joke in your post too

Princkez:
What if ELLAHLAKES and PRESCO wants to combine and buy this asset 50/50,you know PRESCO supplies ELLAHLAKES seedlings ...just thinking ooo

If this option happens, Streetinvestor2 will have no choice but to start marketing Ellah Lakes too. Because i know he is a shareholder in Presco 🤣🤣🤣🤣

jonnysessy:
If this option happens, Streetinvestor2 will have no choice but to start marketing Ellah Lakes too. Because i know he is a shareholder in Presco 🤣🤣🤣🤣

That'll be a very hilarious and entertaining turn of events

https://guardian.ng/news/fg-scraps-capital-gains-tax-keeps-30-corporate-tax/
FG scraps capital gains tax, keeps 30% corporate tax
The federal government has abolished the long-standing 10 per cent capital gains tax, consolidating it with the corporate income tax (CIT) regime, while retaining the latter at 30 per cent for medium and large companies, under the newly enacted Nigerian Tax Act (NTA), set to take effect from January 2026.

The CIT will continue to exempt small businesses—those with an annual turnover of N50 million or less and total fixed assets not exceeding N250 million—from taxation, maintaining a 0% rate for such entities. Nigerian Airways plane models

According to the new law, tax shall be levied… in the case of a small company, at 0 per cent; and any other company, at the rate of 30 per cent.

Professional services firms, however, are excluded from the small business classification, regardless of turnover or asset size. The Act defines such firms as those offering specialised knowledge or skills, such as consulting or planning services. Artisans and vocational service providers are not captured in this clause.

The Act further imposes a 15 per cent minimum effective tax rate for companies falling below this threshold. Any business with an effective tax rate below 15 per cent must “recompute and pay an additional tax” to reach the benchmark, provided it is part of a multinational enterprise group or generates N20 billion or more in annual revenue.

Mpeace:
Lol. You don't know Ada Palm. It's almost the size of Presco total.
The 4,310 hectares is the First phase planted in 1975. Unfortunately that's what is quoted online.
Ada Palm is 38,000 Hectares of land. Just do your research.

Looking like its the "significant agricultural asset " that ellah is targeting. Hope they get it. Will surely pepper the street jackie chan

Freshestbot:
Thank you. Where do I get the forms? After filling what next please?

Let me help you and simplify things.

Step 1:
Know the registrar in charge of the various companies in which you have holdings. Google or whatever can help you with this.

Step 2:
Go to the individual registrar's website and you will see the e dividend form staring you in the face for download.
You might be lucky to have two of the companies being taken care of by the same registrar. Just tick the respective columns on the form.

Step 3:
Take the the completed form to your bank where you want the payment domiciled. The customer service person will collect from you and you tell them to help you upload .
TIP: MAKE A PHOTOCOPY OF THE FORM BEFORE GOING TO THE CUSTOMER SERVICE OFFICER AND INSIST ON THEIR STAMPING THE PHOTOCOPY FOR YOU AS AN ACKNOWLEDGEMENT. WITHOUT THIS, THEY MAY NOT WORK ON YOUR FORM OR JUST FORGET ABOUT IT.
But stamping and acknowledgement copy for you, they know you have something you can hold them with.

If the above steps are done, be rest assured that your dividends will be paid even though it may take a while.

Thereafter, go and pay your tithe.




St

Since this AGM notice was published,I have been searching for the bolded.

Access Bank released something similar in 2022 that pointed to these their acquisitions...

Sunrisepebble:
I thought same but line 18:

To consider, and if thought fit pass the following as ordinary resolutions
18. That the Board of Directors is duly authorized to invest in and acquire directly or through its subsidiaries all or majority of the shares or assets of a company or companies in the same line of business as Presco Plc as determined by the Board of Directors pursuant to the Business Expansion Programme.

Really? Your stated procedure is long and I can only imagine the stress it would involve.

The fellow should just visit the online e-dividend mandate management (EDMMS) portal via this link

https://docuhub3.nibss-plc.com.ng/edmms/self-service

and complete the online form. Your info will be automatically passed to all the registrars operating in the Nigerian market and you are sure of receiving any dividend you're qualified for.

ppogba:
Let me help you and simplify things.

Step 1:
Know the registrar in charge of the various companies in which you have holdings. Google or whatever can help you with this.

Step 2:
Go to the individual registrar's website and you will see the e dividend form staring you in the face for download.
You might be lucky to have two of the companies being taken care of by the same registrar. Just tick the respective columns on the form.

Step 3:
Take the the completed form to your bank where you want the payment domiciled. The customer service person will collect from you and you tell them to help you upload .
TIP: MAKE A PHOTOCOPY OF THE FORM BEFORE GOING TO THE CUSTOMER SERVICE OFFICER AND INSIST ON THEIR STAMPING THE PHOTOCOPY FOR YOU AS AN ACKNOWLEDGEMENT. WITHOUT THIS, THEY MAY NOT WORK ON YOUR FORM OR JUST FORGET ABOUT IT.
But stamping and acknowledgement copy for you, they know you have something you can hold them with.

If the above steps are done, be rest assured that your dividends will be paid even though it may take a while.

Thereafter, go and pay your tithe.




St

GeeKudi:
Really? Your stated procedure is long and I can only imagine the stress it would involve.

The fellow should just visit the online e-dividend mandate management (EDMMS) portal via this link

https://docuhub3.nibss-plc.com.ng/edmms/self-service

and complete the online form. Your info will be automatically passed to all the registrars operating in the Nigerian market and you are sure of receiving any dividend you're qualified for.

I may agree with you that the process is long and streneous. I have used the EDMMS platform before but could no just remember the address. It worked well too.
However, that does not warrant throwing my baby away with the bath water. And besides, that is part of the beauty of the social media.My response to the fellow neccesitated your own response. People were just reading the fellow' s urgent cry and ''jumping pass" before I responded.

If you are part of the generation that never passed through the process I highlighted then, congratulations to you. After all, the likes of Christian Chukwu and Segun Odegbami suffered what the Osimens and Iwobis are enjoying today. Na so life be.

jonnysessy:
If this option happens, Streetinvestor2 will have no choice but to start marketing Ellah Lakes too. Because i know he is a shareholder in Presco 🤣🤣🤣🤣

You guys no even get respect for presco.We are talking about a 40,000 hectares of palm farm
And you are talking of 500 hectares of palm garden.We too like to play here.
No be to call 250billion. Na to raise the thing be wahala....lol
I will gladly pick up my presco RI any day
How many of you will pick up kpakus RI if it opens tomorrow

Ah, okay. But why a more burdensome rights issue over debt though? Either they think interest rates are too high (but they've issued at higher); they'd breach debt covenants (I doubt); their stock is richly valued (so look out below); or that the opportunity is speculative and uncertain (so better to hold low-cost equity than interest-paying debt).

Sunrisepebble:
I thought same but line 18:

To consider, and if thought fit pass the following as ordinary resolutions
18. That the Board of Directors is duly authorized to invest in and acquire directly or through its subsidiaries all or majority of the shares or assets of a company or companies in the same line of business as Presco Plc as determined by the Board of Directors pursuant to the Business Expansion Programme.

HesInMe:
Ah, okay. But why a more burdensome rights issue over debt though? Either they think interest rates are too high (but they've issued at higher); they'd breach debt covenants (I doubt); their stock is richly valued (so look out below); or that the opportunity is speculative and uncertain (so better to hold low-cost equity than interest-paying debt).

I think it will be good idea if they can clear interest paying debts via equity funding.
Looking at the os of the company which is still very small . it will not really cause any dilution and will not have serious impact on eps

TRIPPLE GEE
https://doclib.ngxgroup.com/Financial_NewsDocs/44634_TRIPPLE_GEE_AND_COMPANY_PLC.-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

BERGER PAINTS
https://doclib.ngxgroup.com/Financial_NewsDocs/44635_BERGER_PAINTS_NIGERIA_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

MEYER
https://doclib.ngxgroup.com/Financial_NewsDocs/44636_MEYER_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

IKEJA HOTEL
https://doclib.ngxgroup.com/Financial_NewsDocs/44637_IKEJA_HOTEL_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

CUSTODIAN
https://doclib.ngxgroup.com/Financial_NewsDocs/44641_CUSTODIAN_INVESTMENT_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

MUTUAL BENEFIT
https://doclib.ngxgroup.com/Financial_NewsDocs/44639_MUTUAL_BENEFITS_ASSURANCE_PLC.-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

INYERNATIONAL BREWERIES
https://doclib.ngxgroup.com/Financial_NewsDocs/44640_INTERNATIONAL_BREWERIES_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

MAY AND BAKER
https://doclib.ngxgroup.com/Financial_NewsDocs/44642_MAY_AND_BAKER-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

JOHN HOLT
https://doclib.ngxgroup.com/Financial_NewsDocs/44646_JOHN_HOLT_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

NIGERIAN ENAMELWARE
https://doclib.ngxgroup.com/Financial_NewsDocs/44645_NIGERIAN_ENAMELWARE_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

NCR
https://doclib.ngxgroup.com/Financial_NewsDocs/44649_NCR_(NIGERIA)_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

INFINITY TRUST MORTGAGE
https://doclib.ngxgroup.com/Financial_NewsDocs/44650_INFINITY_TRUST_MORTGAGE_BANK_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

From
https://ngxgroup.com/exchange/data/corporate-disclosures/

Today's Top Volume Trades

You can be emotional but you can't change the reality coming onboard, People that can connect the dots know there is a relationship between ellahlakes deals and presco 250b pending right issue.
interesting days ahead.


Keep digging.

Thank God the Internet never forget.
I will bookmark this page
How people can lie without blinking is unimaginable all in the pursuit of money

Mr time will make me call back this page at the right time