₦airaland Forum

ogawisdom:
You like better thing, oya get 1 million units for yourself.

Good discount giving nice margin of safety.

A wise investor is always looking for good discount on a good asset

By April the price can easily be above 14 other things being equal

Meerahbel:
Who's the issuing house?

emmaodet:
What is SP bro?

crownprince2017:
There was no association where we agreed to buy, I don't think there is need for that.

I defended based on what I know n believed and when I discovered something fishy based on my opinion, I have to stay on the fense until I can see things clearly again.

I only shared this because of the fellows that think I was going to lose my money or wished I lose it.

emmaodet:
What is SP bro?

crownprince2017:
When people become too emotional about a company or because they wished people lose their money so they can say I told you, then it's senseless.
I said n I quote, buy and sell on your convictions and not follow follow that left some people trapped in oando.

Immediately I discovered clearly that Ellahlakes management are interested in sp of their shares I have to tell myself the bitter truth and act accordingly.

I had to move my funds with over 400% gain to presco, okomu, VFD and access.

My leaving doesn't mean people can't make money and me staying doesn't mean people can't lose money... Follow your own convictions and not strangers here.

Any company that is obviously desperate about sp is a turn off for me.

If presco does the same tommorow, I will leave without leaving a Kobo there. No emotions.

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.

mikeapollo:
Lol.
Okay, "Ellahites" would do then.

SonofElElyonRet:
E no sweet for ear

ogawisdom:
This drama is serious and may affect stock market

crownprince2017:
There was no association where we agreed to buy, I don't think there is need for that.

I defended based on what I know n believed and when I discovered something fishy based on my opinion, I have to stay on the fense until I can see things clearly again.

I only shared this because of the fellows that think I was going to lose my money or wished I lose it.

Mpeace:
They will resolve their issues. The problem for America is not the genocide.
The problem is that 15% tax on imported fuel. It's going to totally eliminate importation if dirty fuel from Europe and America. Genocide didn't start today.

They will reach another deal that will calm trump. If not, trump will try to scatter things for our president in the next election, using genocide as an excuse.

jonnysessy:
I love this response from you. It is high time everyone on this thread know that investment is not a team event. People may market and praise a stock, they may not really have a unit there. On the other hand, they may really have it and have a very good reason to quickly exit. I believe they owe no one any explanation. Don't buy a stock because Mr A is buying, buy a stock you have done due diligence. The earlier you allow this to sink, the better for you. A word is enough for the wise.

Pennystockwarri:
https://open.spotify.com/episode/6tZDmy3ziDzDJc9G1BdDsi

A walkthrough 9M 2025 numbers for The Initiates Plc.

Video below.


https://www.youtube.com/watch?v=1IFc67MdIxk

Pennystockwarri:
https://x.com/i/spaces/1MnGnPrqjROxO

The management of TIP will be on this space. If you have any questions, please feel free to share.

Raider76:
I agree with your interpretation. I attach a shot of the section. Best us for people to get the Gazette itself.

Another point to consider is "... disposal of shares in any Nigerian company ...". This may mean that it is individual company based. There is no mention of "PORTFOLIO" in the law. Each company is regarded as a separate asset, just like in real estate where each property is regarded a separate investment. That means you have to own and dispose of shares worth N150m on aggregate in one company, and gain N10m from when you bought them before you pay tax. This maybe why they said that more than 97% of people in the market will not be affected. I may be wrong here. Hope the lawyers in the house would help.

Namaster:
If the Balance Sheet doesn't show a Total Fixed Asset GREATER than #250M, the company would qualify as a Small Company and therefore exempt from ALL taxes including CGT.

The tax liability would be #0 if the Balance Sheet qualifies you as a Small Company.

Mpeace:
On the quality of Ellahlakes Result:
On a very serious note, it is a huge mess. if NSE does not make an investigation, statement/disclaimer and subsequent fine with respect to those responsible for such a bad quality result pasted on their platform, then it means they are complicit in the mess.

I cannot remember any company ever posting such poor quality result on the platform. In this era of technological advancement where even a simple android phone would have done better, there couldn't be any other reason for this mess than hiding the figures from the investing public

Namaster:
You are clearly NOT a very smart person.

Firstly, where did you see any of my post defending the killing of Christians?

My posts have been to the effect that the claim that Christians are being exclusively TARGETED in Nigeria is a FALSE narrative being pushed by people with SINISTER and/or SELFISH motives.

Most terrorist attacks in Nigeria have been in the North where majority of the population are MUSLIMS.

Tally the death tolls and I can GUARANTEE the Muslins would be at least TWICE the number of Christians.

Anybody who wants to carry out a Christian Genocide will come to the Southern Parts of Nigeria.

Secondly, your idea that a RACIST, a PDFile and a RAYPIST gives a hoot about Black People or Christians in general or in Nigeria is RIDICULOUS.

The People who are pulling his strings have an AGENDA.
They are using him to implement it.

Thirdly, you need to STOP taking your news from COMPROMISED America Media.

What powerful country in the World does he have by the balls?

Russia doesn't give a Bleep.
China doesn't give a Bleep.
India doesn't give a Bleep.
North Korea doesn't give a Bleep.
Israel doesn't give a Bleep .

Even Brazil doesn't give a Bleep. He threatened them because he wanted them to let the TRAITOR Bolsonaro go free, they sentenced the traitor to 27 years in prison.

If NOT because of America's COMPROMISED Media and the Democrats obsession about being prim and proper, Trump would have been doing his own jail term simultaneously with his pal in Brazil.

The ONLY people he bullies are his ALLIES and countries with NO decent Military and a lot of oil like Venezuela and Nigeria.

Also, realise that you are talking about someone who has taken a BIG FAT BRIBE of a $400M plane from Qatar (a known SPONSOR of terrorist groups) in exchange for a guarantee of security.

Know what that's called?
Protection racket!

Exactly the same thing that terrorists and bandits are doing in some villages in the North.

Finally, many of you who think INVASION of Nigeria will somehow result in favour for you or the people you like and support are NOTORIOUSLY NAIVE.

A lot of America's Military power and prowess reside in their AIR FORCE.
Meaning they'll BOMB you from the air.

Do you know what that means?!
Innocent CASUALTIES.
Thousands of them.

Go and take a look at what happened in Afghanistan and Iraq and the number of CIVILIAN CASUALTIES.

Finally, next time you wish to portray yourself as a judge of sense in relation to my posts; be sure you have SENSE first.

aberdeenshire:
Oga, na who you dey set exam for?

mallamOmonile1:
Thank you sir and i agree with this.

The learning here is
IF A COMPANY QUALIFY AS A SMALL COMPANY, THEN IT WILL NOT PAY CORPORATE INCOME TAX EVEN WHEN IT DISPOSE SHARES ABOVE THE THRESHOLD IRRESPECTIVE OF WHETHER THE MONEY IS REINVESTED OR NOT. MINIMUM TAX WILL NOT BE PAID ALSO.

So let us take it a step further:

Assume i have a COMPANY that i used solely for investment into financial asset/services purposes and the following are my financials for 2026 accounting year:

Coupon from FGN savings bond......45m
Coupon from corporate bonds ......15m
Divident income from listed equity......10m
Dividend recieved from Mutual funds....25m
Fees and commissions.........25m
Gain on disposal of shares.....45m

My cost of operations include:
Salaries .......40m
Rent............30m
Diesel and electricity....30m
Transport and travel.......17m
R&................10m
Repairs and maintanc....7m
Rates and levies........1m
Depreciation..........4m
Amorrisation of intangbl (software)....1m
Regulatory charges (NGX, SEC etc).....1m


Note:
1. Total fixed assets is 400m
2. The gain on disposal of shares was arrived at as dollows:
Cost of acqusition(2020 -2025).....200m
Proceeds from disposal(March- Dec 2026)....245m
Net gain on disposal......45m


Please Gurus in the house
A. Is there Corporate Income tax payable, if yes, how much.
B. Is there CGT payable, if yes, how much.

NB: assume CIT rate of 30% and capital allowance claimable of 1m.

emmanuelewumi:
This is someone who attacked anybody with contrary opinions concerning Ellah Lakes, he attacked even when he was not quoted.

Stock market is not a team sport for those who keep their stock picks to themselves, but if you must share your stock picks here and givee reasons why the stock is a buy
It is morally right to also inform people that you have sold based on current realities

ogawisdom:
This better not be true ooo because it won't end well with our economy. Foreign investors may pull out compounding our problems.

Uncertainty is not good for our economy. CGT and now this

jonnysessy:
I love this response from you. It is high time everyone on this thread know that investment is not a team event. People may market and praise a stock, they may not really have a unit there. On the other hand, they may really have it and have a very good reason to quickly exit. I believe they owe no one any explanation. Don't buy a stock because Mr A is buying, buy a stock you have done due diligence. The earlier you allow this to sink, the better for you. A word is enough for the wise.