₦airaland Forum

https://doclib.ngxgroup.com/Financial_NewsDocs/45407_ELLAH_LAKES_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_NOVEMBER_2025.pdf

Ella is here

Agbalowomeri:
But GTCO has to pay at least N7 final dividend for the SP not to fall below N70

The "#joke" I wrote was for playfully calling him out as your second handle in context of your usual predictions in stock prices drop ;
Not necessarily dismissing the possibility of GTCo price.

However, arbtriage effect with LSE may stagger it + other good news in comparison to other banks into the new year just like forbearance effect did push it up.

Makanjuola89:
Many of you don't understand this CGT thing. For individuals like you, your CGT will only be 10% on your gain over a period of 12 month. In addition, you will only pay CGT if you make more than 10 million Naira profit in that 12 month period. Let's say you make 10 million profit, you won't pay any CGT. If you make a profit of say 11 million, your CGT will now be 10% of 1 million (i.e. 11 million minus 10 million).

Oga, you are correct, except you using the FIRS act of 2020 Abi 2022 which expires officially in December 2025.

from the TAX act 2026
For an individual PIT rate up to 25% thereabout will be applied on your withdrawals from 2026 unless 10m profit AND a sales value greater than 150m and above is triggered as someone interpreted above.

Mpeace:
https://doclib.ngxgroup.com/Financial_NewsDocs/45407_ELLAH_LAKES_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_NOVEMBER_2025.pdf

Ella is here

When u about to say thankGod kpakus is making revenue
Then boom loss after tax just doubled against last Yr.This management na something else.
Why is the result so blurred that u cannot read it

Streetinvestor2:
When u about to say thankGod kpakus is making revenue
Then boom loss after tax just doubled against last Yr.This management na something else.
Why is the result so blurred that u cannot read it

On the blurring... It was intentional; the goal is to strengthen cognitive impairment which adversely affects decision making process.

The question now is: to what end?

They want to keep as many as they can at that bridge of indecision. If you make your errors so conspicuous, it becomes easy to identify thereby prompting a quick and clear responsive rate especially the ones that confirms your initial bias.

What is this initial bias?

That Ellah lakes operation can best be summed as greys of shadiness; and therefore it is only right to bail out to play safe at least until the clouds are cleared.

They don't want YOU to see things CLEARLY that will instantly ignite your brain neurons to take flight because of what is CLEARLY presented to the synapses.

Let's keep them still in this bridge of indecisiveness until we figure out and program a better sentiment to keep things going on.

The "AND" seem confusing. I interprete it that both condition must be present. Above 150 million AND above 10 million = Tax.

What you are explaining here is "OR". Sold above 150 million "OR" gain above 10 million = Tax

If its truly "AND" then;

Sold below 150 million "AND" gain above 10 million = No Tax ( because both conditions are not met)



I am open to more explanation

Namaster:
Point 1:

You don't seem to fully understand the new tax laws.
The target is NOT individual transactions. It's the aggregate transactions in a portfolio.

It means that if you sold some shares for sales proceed ABOVE #150M or gain above #10M. Then used that proceeds to buy another share before selling it at the same price you bought it or even at a gain way below #10M; you will be liable to CGT IF you withdraw the money.

So selling for amounts that breach the exemption threshold and then buying and reselling another stock at a break-even price or even for a minimal loss is NOT a viable tax planning strategy.

There are only 2 ways to escape CGT in 2026 as an individual:

a) Your aggregate Sales Proceeds (from all transactions in your portfolio) must be LESS than #150M AND your Net Gain (from all transactions in your portfolio must be LESS than #10M.

The conditions are CONJUNCTIVE.
Which means BOTH of them must exist before you can be free from CGT.

So if you sell multiple shares over multiple transactions and have a total sales proceeds of #151M and a Net Gain of just #2M, you'll be TAXED.

If you sell multiple shares over multiple transactions for a total sales proceeds of #15M and made a Net Gain of #10.5M, you'll be TAXED.

b) The second way to escape CGT is to simply RE-INVEST EVERYTHING. If you sell for an aggregate sales proceeds of #1B and a Net Gain of #500M and you used everything to buy shares in a newly listed Dangote Refinery, NOBODY will tax you.

The same thing applies if you take that money and invest in any legally REGISTERED Nigerian Company even if they are not listed.


Point 2:
This is a serious matter.
People should be more worried about this.

Many of Tinubu's allies in the North died this year—Buhari and Dantata.

A look at the Coup Plotters shows that majority of them are from the North.

Both of these things could be related.

Point 3:

This should NOT make you scared. It should make you OUTRAGED.

Everybody knows that Trump's actions in relation to the ALLEGED genocide is performative. At least, the smart people do.

Even you are not advocating for Tinubu to tackle the security crisis in Nigeria. Instead, you are hoping he strikes a Mineral Deal skewed in favour of the US because you know this is a BULLYING Tactics by the CRIMINAL President of a rogue US.

Nigeria has a security problem. Not a genocide problem.

People who spin a different narrative have a SINISTER or SELFISH agenda.

Cation:
The "AND" seem confusing. I interprete it that both condition must be present. Above 150 million AND above 10 million = Tax.

What you are explaining here is "OR". Sold above 150 million "OR" gain above 10 million = Tax

If its truly "AND" then;

Sold below 150 million "AND" gain above 10 million = No Tax ( because both conditions are not met)



I am open to more explanation

Are you a programmer? Lol

No, i am not. Can you explain the CGT clearly please?

Agbalowomeri:
Are you a programmer? Lol

Streetinvestor2:
When u about to say thankGod kpakus is making revenue
Then boom loss after tax just doubled against last Yr.This management na something else.
Why is the result so blurred that u cannot read it

Dey play, N250 billion is available for the recapitalization of Ellah Lakes.

Streetinvestor2:
When u about to say thankGod kpakus is making revenue
Then boom loss after tax just doubled against last Yr.This management na something else.
Why is the result so blurred that u cannot read it

Your eyes better pass my own
As I opened and saw blur, I closed back

Cation:
No, i am not. Can you explain the CGT clearly please?

Me sef no understand
I want to learn from the ordeal wey Loco go enter in 2026

Cation:
The "AND" seem confusing. I interprete it that both condition must be present. Above 150 million AND above 10 million = Tax.

What you are explaining here is "OR". Sold above 150 million "OR" gain above 10 million = Tax

If its truly "AND" then;

Sold below 150 million "AND" gain above 10 million = No Tax ( because both conditions are not met)



I am open to more explanation

This is how it's worded in the NTA 2025:

"Provided that gains accruing to a person on disposal of shares in any Nigerian company shall not be chargeable gains where the

(i) disposal proceeds, in aggregate, is less than 150,000,000 and the chargeable gain does not exceed 10,000,000 in any 12 consecutive months,"

It means the ONLY way to escape tax is that the Sales Proceeds must be less than #150M AND the Net Gain must be #10M or less.

BOTH of these conditions must be present if you want to AVOID the CGT.

If you meet ONLY one of the 2, then you'll be TAXED.

Another way to illustrate this is:

Above #150M sales proceeds but below #10M gain = TAX.

Below #150M SP but above #10M gain = TAX.

Above #150M SP and above #10M gain = TAX.

Below #150M SP AND below #10M gain = NO TAX.

Hope it's clearer now.

; D
What a cruise 😂😂😂

Agbalowomeri:
Your eyes better pass my own
As I opened and saw blur, I closed back

Streetinvestor2:
Not asking anyone to buy oando as it will not benefit me
Maybe wale as ceo/management needs to kill themselves for ordinary shareholders. He shared first trench of shares and planning second soon.He is improving the quarterly results of oando with Q3 being wonderful based on some accounting reconciliation ,reversal and improved production/integration
If u whr in his place what would u do differently

the main thing is the dividends for shareholders......I don't really trust wale at all,he has all the odds in his favor under this administration and his company can't pay dividends. It seems I will just stick to bank stocks and few companies with good dividend history.

Namaster:
This is how it's worded in the NTA 2025:

"Provided that gains accruing to a person on disposal of shares in any Nigerian company shall not be chargeable gains where the

(i) disposal proceeds, in aggregate, is less than 150,000,000 and the chargeable gain does not exceed 10,000,000 in any 12 consecutive months,"

It means the ONLY way to escape tax is that the Sales Proceeds must be less than #150M AND the Net Gain must be #10M or less.

BOTH of these conditions must be present if you want to AVOID the CGT.

If you meet ONLY one of the 2, then you'll be TAXED.

Another way to illustrate this is:

Above #150M sales proceeds but below #10M gain = TAX.

Below #150M SP but above #10M gain = TAX.

Above #150M SP and above #10M gain = TAX.

Below #150M SP AND below #10M gain = NO TAX.

Hope it's clearer now.

They just want to destroy the capital market.
This happens when someone is just desperate to dip hands into investors' portfolios and extort money from them by all means because he is looking for more revenue even though there is no accountability for other previous revenue-generating measures and policies implemented.

Investors would leave the capital market for the bond and money markets, and invariably lead to a fall in interest rates.

Bizibi:
the main thing is the dividends for shareholders......I don't really trust wale at all,he has all the odds in his favor under this administration and his company can't pay dividends. It seems I will just stick to bank stocks and few companies with good dividend history.

Which company in Oando's situation would pay dividends if the CEO and management are truly sincere and working to put the company on sound footing and not just trying to window-dress and deceive the shareholders? Do you expect dividends when equity and shareholders fund are in the negative?
The share redistribution is also a form of ''dividend'' and it is even (in a way) better than the normal dividend because you can sell the shares for cash and you would not need to pay 10% WHT on it.

Agbalowomeri:
Your eyes better pass my own
As I opened and saw blur, I closed back

Jijo no go easy next yr.Once u make 10 M and above gain u become government maga whether na 1M u take make the money. Unless u no go withdraw the money from market. The 150M sell part of turn over na just to make the story interesting..lol

Mpeace:
https://doclib.ngxgroup.com/Financial_NewsDocs/45407_ELLAH_LAKES_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_NOVEMBER_2025.pdf

Ella is here

Can you read the nonsense? Ngx should start giving fines to companies who post results you cant read . 1 million naira per day the rubbish stays up LOL. Absolute disgrace, and we want oyibos to come

funkymedina2:
Can you read the nonsense? Ngx should start giving fines to companies who post results you cant read . 1 million naira per day the rubbish stays up LOL. Absolute disgrace, and we want oyibos to come

This should not be a big issue.
The fault might be from the scanning machine that was used to scan/upload the result, either at the company or NGX and can be rectified/reloaded easily.

leo1234:
Is fixed deposit better than MMF?

Both are less risky. The advantage mmf has over Fd is no penal charge for early withdraw as long funds has been invested for a certain period of time.

funkymedina2:
Can you read the nonsense? Ngx should start giving fines to companies who post results you cant read . 1 million naira per day the rubbish stays up LOL. Absolute disgrace, and we want oyibos to come

It was not meant to be read.
If them make the result readable, Una go insult them.
So let them just submit something and avoid the fine

mikeapollo:
This should not be a big issue.
The fault might be from the scanning machine that was used to scan/upload the result, either at the company or NGX and can be rectified/reloaded easily.

I hate how Nigerians roll over so easily, always managing. No it should never have made it to the public. This is not some ministry (which doesnt make it better) this is a multibillion company we are part owners , so i have every right to be pissed . Did you see the first result page where they used tipex to change some numbers then scanned it hahahahaha Jesu!

funkymedina2:
Can you read the nonsense? Ngx should start giving fines to companies who post results you cant read . 1 million naira per day the rubbish stays up LOL. Absolute disgrace, and we want oyibos to come

The clearer one has been sent to those who can pay ₦250bn.
Can you pay ₦250bn?

#joke

funkymedina2:
I hate how Nigerians roll over so easily, always managing. No it should never have made it to the public. This is not some ministry (which doesnt make it better) this is a multibillion company we own , so i have every right to be pissed

I agree with you.
Yes, you have the right to be pissed about blurred images on a pdf document, no doubt.
But what if the error is from the NGX scanning machine?
As for Nigeria, if you hate how we always manage, E get why; no be today.

🤣🤣🤣

Fredfrankhussle:
With what I read from the financial report today, I don’t see any good news coming from this company.
There’s no section on the financial report on mining, I thought he said he had moved from offshore business to mining, but no activity on mining. Na even 1million dem use buy land
I don enter one chance. The earlier I alight from this train the safer for me.

Fredfrankhussle:
With what I read from the financial report today, I don’t see any good news coming from this company.
There’s no section on the financial report on mining, I thought he said he had moved from offshore business to mining, but no activity on mining. Na even 1million dem use buy land
I don enter one chance. The earlier I alight from this train the safer for me.

Journey mercies
No look back again oooo

No be result go move Japaul.
For the result,Na administrative expenses by Jegede killed the PAT.
There were improvements in some areas which made the result moderate.

Fredfrankhussle:
Proverb 13:13 “People who despise advice are asking for trouble; those who respect a command will succeed.”

Whoso despiseth the Word shall be destroyed; But he that feareth the Commandment shall be rewarded. Prov 1313 KJV

Away with these your woke left mumbo jumbo "modernistic", "jargonistic" translations. I had to go to a real Bible to understand what you were saying.

Yes, i get it now.

Namaster:
This is how it's worded in the NTA 2025:

"Provided that gains accruing to a person on disposal of shares in any Nigerian company shall not be chargeable gains where the

(i) disposal proceeds, in aggregate, is less than 150,000,000 and the chargeable gain does not exceed 10,000,000 in any 12 consecutive months,"

It means the ONLY way to escape tax is that the Sales Proceeds must be less than #150M AND the Net Gain must be #10M or less.

BOTH of these conditions must be present if you want to AVOID the CGT.

If you meet ONLY one of the 2, then you'll be TAXED.

Another way to illustrate this is:

Above #150M sales proceeds but below #10M gain = TAX.

Below #150M SP but above #10M gain = TAX.

Above #150M SP and above #10M gain = TAX.

Below #150M SP AND below #10M gain = NO TAX.

Hope it's clearer now.

Mpeace:
https://doclib.ngxgroup.com/Financial_NewsDocs/45407_ELLAH_LAKES_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_NOVEMBER_2025.pdf

Ella is here

Revenue of just N67 million for a company with a market capitalization of N50 billion

I don't believe Ellah Lakes could only generate a revenue of N67 million.

What they have spent on PR in orderr to maintain the stock price should be more than N67 million.

How can they pay salaries from a revenue of N67 million

emmaodet:
Then the logical thing to do is to cut down cost, reduce political cabinets and place a cap on number of kids families can have to increase our economic situation.
Who spends more than what they earn as individuals and which companies spend more than what they can reasonably generate.
Even the china we hail today had to place a cap on population for economic indices to grow above it, if not it would have rendered all china govt efforts useless.
A country becomes wealthy if the economic growth rate is higher than population growth rate and not the other way round.

My brother, the best thing to do is to get all those idle youths and middle aged people engaged in the agriculture value chain across the various vast acreage of land producing goods and services that can be consumed locally as well as exported internationally.

If the vast acreage of land is cultivated massively especially along motorable routes,incubation grounds for kidnappers go reduce drastically.

Places like the southern part of the country should be heavily invested in cash crops like oil palm, cocoa, rubber, cashew, cassava, beans etc while the north focuses on groundnuts, onions, shea butter, ginger, sorghum, wheat, etc.

Those river basins should be made to sweat out theories invested in them. Civil and criminal offenders should be conscripted to serve time on farmlands to get them productive.

If people are engaged in government sponsored agricultural programmes, especially outside their state of residence, dem no go get time to dey misbehave.

Government should pack all those agberos I'm Lagos and commute them to serve their sentences in Borno or Yobe and cultivate onions and beans for at least 3 months per person.

Agriculture still remains our low hanging fruit for economic empowerment. Just imagine saying that Nigeria still dey import crude oil palm bunch in 2025. Chinese people just dey look us say this people no serious at all.

megawealth01:
Long overdo... Federal Government shouldn't have waited for the US LEADER before protecting her citizens... I trust the White House Number 1 man. He will do his thing and it will be BREAKING NEWS

One thing about Donald. Na talk and do man and him no send anybody o as long as the thing dey him mind.

Whether security or genocide labels are used, if some people feel that Donald is bluffing, they are on their own. Many forget that his daughter is married to a Lebanese Nigerian. 😁

If this tough designation will get exposure and sanctions for those financing the crimes and terror going on in the country, then it should increase the pace at which the FGN deals with such issues.