₦airaland Forum

emmanuelewumi:
People say a lot on papers but implementation or sustainability of the implementation becomes a major problem.


The guy below promised investors juicy returns and we have heard cases of people who complained and he could not pay a refund

Lol at “G” - text.

No waste your energy, all these kin things they no dey tell person.

Any upcoming investor wey never learn lesson at least once in their lifetime would be very hard to advise. I see some people adverting all sorts here, anyone that falls victim only has himself to blame.

Wisdom is choosing your investment carefully and avoiding hulabalu

"Warning: foreach() argument must be of type array|object, null given in C:\laragon\www\wp-content\themes\ngxgroup-child\ngx-custom-data-shortcode.php on line 69"

Has anyone else noticed this Error message?

Why I Refused to Exercise My VFD Group Rights Offer.
VFD Group Plc was previously trading on the NASD OTC platform before its listing on the Main Board of the Nigerian Exchange (NGX) on 6 October 2023.

Following the listing:
- A scrip bonus of 4-for-1 was issued in May/June 2024 (based on the 2023 financial year).
- Another scrip bonus of 5-for-1 was issued around May 2025 (based on the 2024 financial year).

This meant shareholders effectively received a total of 9 bonus shares for every 1 originally held in less than 18 months—a generous "bonus jamboree."

Then, in October 2025, VFD Group launched a rights issue of approximately ₦50.67 billion, 2 new shares for every 3 existing shares held at Qualification Date Friday, August 8, 2025.

Around June 2025, the share price reached a yearly high of N17.05 (adjusted figures suggest significant value pre-adjustments).

This was followed by heavy selling, including substantial volumes by company insiders. Participants on social media forums began raising questions: Why were insiders dumping millions of shares in a company that had just released decent financial results? And why, after showering investors with dividend of N2.50 and massive bonuses, was the company now asking the same shareholders to inject fresh capital via a rights issue?

No satisfactory answers emerged.
Indeed, no free meal in Freetown. The bonus is now being paid for at N10 per share for the purpose of business expansion, CEO and directors benefit.
It soon became clear to many: The insiders appeared to have foreknowledge of the impending rights issue. They sold at peak prices before the qualification date, avoiding dilution, and could potentially repurchase at the discounted rights price (₦10 per share) or current market price N10 to N11).

I'm not surprised that Nigerian investors largely shunned the offer, leading the company to extend the closing date multiple times—now to December 2025 (and reportedly further to 26 December 2025 due to possible low uptake).
Suspicious Insider Activities and a Rights Issue That Shouldn't Have Been Allowed by SEC and NGX.
The bigger question I kept asking myself: Is there no effective oversight unit at the SEC and NGX that could have spotted and prevented this apparent gross market infraction by VFD Group and her insiders?

As Nigerians, we're used to it—everything seems to "go." There's little real protection for retail investors in cases like this,though SEC is working, and we all can see this, but better improvement is anticipated.

I might be wrong, but time is always the ultimate revealer of truth in the markets.

emmanuelewumi:
As I dey see am, Presco might end up buying the asset Ellah Lakes is planning to buy if they can't raise the over N200 billion through the extended public offer


Presco is a quiet smooth operator

You don come again? Get thee behind me
On a serious note, Chuka already said he is confident of raising the required amount to acquire the company. The money will come out.. I trust Hewitt Benson.. go check his pedigree and track record..

Harddiskng:
Lol at “G” - text.

No waste your energy, all these kin things they no dey tell person.

Any upcoming investor wey never learn lesson at least once in their lifetime would be very hard to advise. I see some people adverting all sorts here, anyone that falls victim only has himself to blame.

Wisdom is choosing your investment carefully and avoiding hulabalu

Mankind2024:
UK SPECIALIST SUPPORTED HOUSING FOR INVESTORS.

https://specialistsupportedhousing.org.uk/

Email
Hello@SpecialistSupportedHousing.Org.UK

Visit the site for all FAQ

Global investors are welcome.
To move £150,000 and above out of Naija, you might need EFCC/CBN/FIRS clearance.
The last time I moved $15k to a UK investment account, it was tough.
The banker advised me to do $10k and $5k.
I can't imagine what one would encounter, moving such an amount out via SWIFT.
The mortgage pathway is not for Naija resident investors.
The cash pathway means you have to pass through efcc, firs, cbn b4 you would be allowed to move a huge amount.

https://www.youtube.com/watch?v=BOzoaFDnpxI?si=xzExOTZzT_7BZREG

@Harddiskng
Even pa Emma no talk again after the corroboration above. Learn to read preceding comments before typing so you won't type out of sync

essentialone:
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Has anyone else noticed this Error message?

Are you testing a JavaScript app? If it's coming from a website you're using, then developers are working on it while pushing to production at the same time

NSEstudent:
Are you testing a JavaScript app? If it's coming from a website you're using, then developers are working on it while pushing to production at the same time

This is the error message from NGX website when trying to open the page for Corporate Disclosures

SonofElElyonRet:
@Harddiskng
Even pa Emma no talk again after the corroboration above. Learn to read preceding comments before typing so you won't type out of sync

I no quote you. Why you dey follow me talk lol.

No make i talk wetin dey my mind. Even your moniker is a red flag.

Baba shift abeg.

essentialone:
This is the error message from NGX website when trying to open the page for Corporate Disclosures

They are fixing something then

Harddiskng:
I no quote you. Why you dey follow me talk lol.

No make i talk wetin dey my mind. Even your moniker is a red flag.

Baba shift abeg.

Mr Hard disk, You reacted to a matter brought about by my post so I have a right to react. As for my moniker being a red flag and you saying what's on your mind, you are just being childish. I merely drew your attention to a relevant post on the matter by someone for your enlightenment. Never insulted you.

rmx:
You need to relax , everything is not corruption , even if you had bought a year after from original allottees , you are still ahead of devaluation and inflation and some dollar investments

You want to tell me Nigerian govt allocated land in Nigeria and there was no corruption or nepotism involved? Ok, I agree, pigs have started flying

emmanuelewumi:
As I dey see am, Presco might end up buying the asset Ellah Lakes is planning to buy if they can't raise the over N200 billion through the extended public offer


Presco is a quiet smooth operator

Lol, will they buy it cheaper?

I’m asking because @HesInMe keeps arguing, without any presentable evidence, that EllahLakes is buying it at a huge premium.

Or is this just one of your sarcastic jokes?

ositadima1:
Lol, will they buy it cheaper?

I’m asking because @HesInMe keeps arguing, without any presentable evidence, that EllahLakes is buying it at a huge premium.

Or is this just one of your sarcastic jokes?

Manie is mocking "kpakus" for their money-raise struggles.

We had thought there existed some deep-pocket agric sector investors on standby to provide the funds, but the offer extension suggests otherwise.

zendi:
Manie is mocking "kpakus" for their money-raise struggles.

We had thought there existed some deep-pocket agric sector investors on standby to provide the funds, but the offer extension suggests otherwise.

This is how one of thr insider scam alert came here to lie that kpakus and presco was targeting same asset. This was just because presco announced 250billion fund raise.Another supporters club member came to say the money was already on ground before the egm.
They had one of thr claimed audio who this was his targeted market as billionaire 247. Likely working for a stockbroker with the way he pushed every junk stock.They have switched all to different handles
ThankGod I have blocked them all.i don't wish to see such characters again in 2026 on this thread. Though I know they have alternates moniker here.

On another note,yes ngx is disgraced no doubt because of failed government
Then again 2926 will be a reset for new beginning for some companies. They have done alot of positive restructuring which will begin to show in thr quarter results 2026.Some will definitely deliver 100% and above in SP based on fundamentals. If you get eyes u suppose don dey see them.i have seen some based on that and street. They are about to be the next growth story of ngx as we plan our retirement from 2026 -2030. .I prefer the 5yrs time frame as cycle..e get why

Streetinvestor2:
On another note, … They are about to be the next growth story of ngx as we plan our retirement from 2026 -2030. .I prefer the 5yrs time frame as cycle..e get why

Drop hint nah Oga Street, Lol.
And why 5 years, will you be 65 years old by 2030? (na joke I dey joke o!)

Panadee:
Drop hint nah Oga Street, Lol.
And why 5 years, will you be 65 years old by 2030? (na joke I dey joke o!)

65 yrs retirement na for person way like suffer for my side..Who I dey gather the money for when the kids could have thr own plan.I am planning to stop anything that requires my active participation in making money in the next 5 yrs.And I have noticed things tend to change in 5 yrs cycles in businesses life time. I want to go do things I like and make me happy in the next 5 yrs.If possibly see the world too.

Look at companies u can pick quantity
They raised funds and did true restructuring in the last 2 yrs with 2025 already showing growth in in thr results. Not kpakus and jp that are still building promises. Not the ones trying to raise funds now that are seeing shege. This ones thr balls are already rolling. They will definitely return minimum of 100% next yr.They acted fast enough and thr managements are relentlessly serious to deliver for themselves too

Streetinvestor2:
This is how one of thr insider scam alert came here to lie that kpakus and presco was targeting same asset. This was just because presco announced 250billion fund raise.Another supporters club member came to say the money was already on ground before the egm.
They had one of thr claimed audio who this was his targeted market as billionaire 247. Likely working for a stockbroker with the way he pushed every junk stock.They have switched all to different handles
ThankGod I have blocked them all.i don't wish to see such characters again in 2026 on this thread. Though I know they have alternates moniker here.

Repeating the same argument over and over does not make it true. You observe reality to determine whether what you believe actually holds up. Unless you belong to the overly religious camp that thinks saying the same thing from morning till night somehow changes outcomes, the “power of words” crowd.

My view is simple: if something is not within your physical control, you cannot change it by talking alone.

You’ve said your piece, and it’s always the same argument, without adding anything new about Ellah. Let events unfold and prove whether you are right or wrong.

In the next 5 to 10 years, new names will be on the list. Is there possibility of having this same names come up again, very unlikely, except presco and okomu will get to 15k price.. like they say: The best predictor of future behaviour is past behaviour.. what are some of the potential names you think can make it to this in the next 5 to 10 years. Cetris paribus.

emmanuelewumi:
Top 10 stocks with the highest return in 10 years.


Transcorp should not be in the list, they had a share reconstruction.


United Capital should be in the list, they had a 2 for 1 bonus

I rememeber back in the days, just early after University. Nvdia was a stand out in gaming graphic card. If we buy a desktop system that had intel graphic card we will change it to nvdia for better performance. When i look back after seeing nvdia with their 5 trillion dollar value today i just shake my head.. Then i wasnt heavy on stocks after the 2008 beating. If not such were pointers for future performance of a company. The signs will always be there for a company with potential, just that the Thomas in us will always prop up. Because nothing is absolute and there are no guarantees in life.

I doubt it. Making gaming chips had nothing to do with AI. It just so happened that the chips did parallel processing inna way that was beneficial to AI and not word processing for instance.
We would buy Nvidia laptop to game, but they were also closely being marked by AMD Radeon abi Vision or something (though I think the AMD used to get too hot.

Until recently, even the stock was almost depressed.

Stockhunter:
I rememeber back in the days, just early after University. Nvdia was a stand out in gaming graphic card. If we buy a desktop system that had intel graphic card we will change it to nvdia for better performance. When i look back after seeing nvdia with their 5 trillion dollar value today i just shake my head.. Then i wasnt heavy on stocks after the 2008 beating. If not such were pointers for future performance of a company. The signs will always be there for a company with potential, just that the Thomas in us will always prop up. Because nothing is absolute and there are no guarantees in life.

Stockhunter:
In the next 5 to 10 years, new names will be on the list. Is there possibility of having this same names come up again, very unlikely, except presco and okomu will get to 15k price.. like they say: The best predictor of future behaviour is past behaviour.. what are some of the potential names you think can make it to this in the next 5 to 10 years. Cetris paribus.

I don't think we are at peak palm oil yet in Nigeria but we are close

Stop disgracing yourself in public na. You may be a stubborn he-goat but you can read numbers. Common sense and implied valuation vs Presco show that Ellah is clearly overpaying for the ARPN plantation -- with no synergies to make up for the upfront overpayment.

By contrast, Presco probably does have the scale and market position to create value from the asset even if acquired at a premium. We go see how de tin goes.

ositadima1:
Lol, will they buy it cheaper?

I’m asking because @HesInMe keeps arguing, without any presentable evidence, that EllahLakes is buying it at a huge premium.

Or is this just one of your sarcastic jokes?

HesInMe:
Stop disgracing yourself in public na. You may be a stubborn he-goat but you can read numbers. Common sense and implied valuation with publicly traded comps show that Ellah is clearly overpaying for the ARPN plantation -- with no synergies to make up for the upfront overpayment.

By contrast, Presco probably does have the scale and market position to create value from the asset even if acquired at a premium. We go see how de tin goes.

No need for the insult. You could have simply made your point clear.

Cheers

Read between the lines. I'm holding him to a higher analytical standard because I respect his intellect. He knows he's wrong on the numbers here; just won't accept it.

handsomebolanle:
No need for the insult. You could have simply made your point clear.

Cheers

You reminded me of my campaign on Nairaland in 2023/24 when I brought the gospel of the Magnificent 7 stocks (check my past topics). Today, the Magnificent 7 stocks—of which NVIDIA is a leader—have delivered inflation-beating returns of three digits on my invested capital.
This was not luck, but trust in compounding, discipline, patience, and time.

Stockhunter:
I rememeber back in the days, just early after University. Nvdia was a stand out in gaming graphic card. If we buy a desktop system that had intel graphic card we will change it to nvdia for better performance. When i look back after seeing nvdia with their 5 trillion dollar value today i just shake my head.. Then i wasnt heavy on stocks after the 2008 beating. If not such were pointers for future performance of a company. The signs will always be there for a company with potential, just that the Thomas in us will always prop up. Because nothing is absolute and there are no guarantees in life.

HesInMe:
Stop disgracing yourself in public na. You may be a stubborn he-goat but you can read numbers. Common sense and implied valuation vs Presco show that Ellah is clearly overpaying for the ARPN plantation -- with no synergies to make up for the upfront overpayment.

By contrast, Presco probably does have the scale and market position to create value from the asset even if acquired at a premium. We go see how de tin goes.

Once you start with insults, you signal that you lack the numbers to let the data speak for itself. The only relevant question is whether the discounted future cash flows of ARPN exceed the acquisition price at Ellah’s cost of capital. Without numbers, claims of “overpayment” are nothing more than baseless opinions.

You implicitly admitted with presco that price alone does not determine value; execution and capital structure do. The same standard must therefore be applied to Ellah.

Until then, this debate is not about valuation, it is about emotional bias.

ositadima1:
Repeating the same argument over and over does not make it true. You observe reality to determine whether what you believe actually holds up. Unless you belong to the overly religious camp that thinks saying the same thing from morning till night somehow changes outcomes, the “power of words” crowd.

My view is simple: if something is not within your physical control, you cannot change it by talking alone.

You’ve said your piece, and it’s always the same argument, without adding anything new about Ellah. Let events unfold and prove whether you are right or wrong.

You post here is completely different from what I posted.i am not repeating an argument to win.
I posted to confirmed two facts which time have proved to be right concerning kpakus
1.They both whr not targeting same asset
2.Kpakus don't have any money on ground
Na you sabi do argument to win..lol

nosa2:
I don't think we are at peak palm oil yet in Nigeria but we are close

We are not that close.We still get close to 40% gap and likely 50% as our population goes higheri n 5 yrs Unless the government go begin allow importation back into the country .A liter still goes for #2k and above. Even at #1500 for a litter the guys will still be making good money from my research.The kill for these oil guys is the industrial need for palm oil in nigeria. It will definitely continue to increase if the manufacturer ingredients and production part of the economy continue to expand

Stockhunter:
I rememeber back in the days, just early after University. Nvdia was a stand out in gaming graphic card. If we buy a desktop system that had intel graphic card we will change it to nvdia for better performance. When i look back after seeing nvdia with their 5 trillion dollar value today i just shake my head.. Then i wasnt heavy on stocks after the 2008 beating. If not such were pointers for future performance of a company. The signs will always be there for a company with potential, just that the Thomas in us will always prop up. Because nothing is absolute and there are no guarantees in life.

Someone says sometimes he just check what he uses and buy stock of such companies. He has coca cola, apple, google, Nvdia, Tesla in his portfolion. And it turns out quite well for him

Streetinvestor2:
On another note,yes ngx is disgraced no doubt because of failed government
Then again 2926 will be a reset for new beginning for some companies. They have done alot of positive restructuring which will begin to show in thr quarter results 2026.Some will definitely deliver 100% and above in SP based on fundamentals. If you get eyes u suppose don dey see them.i have seen some based on that and street. They are about to be the next growth story of ngx as we plan our retirement from 2026 -2030. .I prefer the 5yrs time frame as cycle..e get why

Please drop some hints when you finish the analysis. Make we follow you chop