₦airaland Forum

https://www.youtube.com/watch?v=fkIgXKhxotA

A few stocks I'd be watching closely in this week's trading session on the NGX.

Audio below.


https://open.spotify.com/episode/6BWz8hxA4fBIn6RC0BmDRr

We watch the same video so? 80% of raw materials are imported. Meaning exposure to FX, high finance costs, continuous need for short-term financing, or dilutive capital raise. The import duty waiver is temporary (2 years), and only reduces costs by ~10%.

chimex38:
From the video, NAFDAC isn't renewing importing licences for some products. They are forcing local production.

Due to being in health category, it has import duty waivers on some raw material imports so it's seems cheaper than before.

Also, being manufacturing as well as health related, They are qualified to also receive VAT cash-back from Govt on raw materials sourced locally or use it to offset other tax liabilities.

This is listing Tuesday.. gurus share your thoughts.. will the bull visit it ? Another Ellah in the making?

The Nigerian Exchange Limited (NGX) is set to list Zichis Agro Allied Industries Plc on its Growth Board. The company is listing 1.086 billion shares at N1.81 per share. The listing will increase NGX market capitalisation by N1.96 billion.

Zichis Agro Allied Industries plc engaged Qualinvest Capital Limited as Lead Issuing house and Anchoria Investment and Securities Limited as its Lead Stockbroker in connection with the listing.

Zichis Agro-Allied Industries Plc is undertaking a listing by introduction of its entire issued Ordinary Shares to promote better liquidity of its shares in the secondary market and be better positioned to access long-term capital from a wide range of local and international investors when required.

KarlTom:
Zichis Agro Allied Industries PLC Joins the Exchange!

Be part of this listing on Tuesday, 20 January 2026, at 1:45 PM (WAT) as the company lists on NGX Growth Board, reinforcing the capital market’s role in supporting growth across the agricultural value chain...

Is N1.81 a bargain?

I stand corrected but it has made more profit than ELLAHLAKES as it stands and dividend of 0.05? It is worth considering.

SonofElElyonRet:
This is listing Tuesday.. gurus share your thoughts.. will the bull visit it ? Another Ellah in the making?

The Nigerian Exchange Limited (NGX) is set to list Zichis Agro Allied Industries Plc on its Growth Board. The company is listing 1.086 billion shares at N1.81 per share. The listing will increase NGX market capitalisation by N1.96 billion.

Zichis Agro Allied Industries plc engaged Qualinvest Capital Limited as Lead Issuing house and Anchoria Investment and Securities Limited as its Lead Stockbroker in connection with the listing.

Zichis Agro-Allied Industries Plc is undertaking a listing by introduction of its entire issued Ordinary Shares to promote better liquidity of its shares in the secondary market and be better positioned to access long-term capital from a wide range of local and international investors when required.

Erniemax101:
I stand corrected but it has made more profit than ELLAHLAKES as it stands and dividend of 0.05? It is worth considering.

Was there a stock split after last dividend? That would make the 5k irrelevant for purposes of analysis.. not sure there was stock split

HesInMe:
We watch the same video so? 80% of raw materials are imported. Meaning exposure to FX, high finance costs, continuous need for short-term financing, or dilutive capital raise. The import duty waiver is temporary (2 years), and only reduces costs by ~10%.

you are correct. I also added the favourable impact of new tax law to their ministry.


But you make a big point in observing short term financing requirement implication. Since they always import products
3 months ahead or more.

From the video, they claim to sell at a fast rate. Meaning have a ready market for their products on standby.

Meaning revenue should scale faster with respect to imports to release cash.
(Though it's contestable).

Also checking their website, they are not just a pharmaceutical company, they have a diagnostic centres as well as functional hospital for specialised areas.

Honestly I don't know much about the coy, just know it made a revenue of ₦289 million in 2024 as compared to ELLAHLAKES ₦67.1 million 2025. Would love to learn more and not blindly jump into it.

quote author=SonofElElyonRet post=138181831]

Was there a stock split after last dividend? That would make the 5k irrelevant for purposes of analysis.. not sure there was stock split[/quote]

They should just follow the Ellah playbook and declare N1 trillion public offer and the stock will go up 10x!

Because, Naija.

Erniemax101:
Honestly I don't know much about the coy, just know it made a revenue of ₦289 million in 2024 as compared to ELLAHLAKES ₦67.1 million 2025. Would love to learn more and not blindly jump into it.

quote author=SonofElElyonRet post=138181831]

Was there a stock split after last dividend? That would make the 5k irrelevant for purposes of analysis.. not sure there was stock split

Erniemax101:
I stand corrected but it has made more profit than ELLAHLAKES as it stands and dividend of 0.05? It is worth considering.

What is the outstanding shares of the stock

HesInMe:
They should just follow the Ellah playbook and declare N1 trillion public offer and the stock will go up 10x!

Because, Naija.

Ellah was already up before the PO though

EquityM:
With UBA bank, if you withdraw more than three times, your interest will be forfeited. So, I withdrew more than three times already.

It's same for all banks. I dey always plan my cash movements to get small change

I get account wey no fit get any interest and others that receive interest

HesInMe:
They should just follow the Ellah playbook and declare N1 trillion public offer and the stock will go up 10x!

Because, Naija.

Ellah went up because of the refinery hype

emmanuelewumi:
What is the outstanding shares of the stock

Exactly

Erniemax101:
Honestly I don't know much about the coy, just know it made a revenue of ₦289 million in 2024 as compared to ELLAHLAKES ₦67.1 million 2025. Would love to learn more and not blindly jump into it.

quote author=SonofElElyonRet post=138181831]

Was there a stock split after last dividend? That would make the 5k irrelevant for purposes of analysis.. not sure there was stock split

"They recorded a whopping total gross revenue of N132 million as at the close of business year 2023, with profit after tax of over N8.1million with total retained earnings of over N21.1million."



"The company in financial year ended December 31, 2024 declared turnover of N289million, about 119 per cent increase over N132 million recorded in 2023.. the company, however, closed 2024 with a profit of N56.7 million, about 238 per cent increase when compared to N16.8 million in 2023.

In the year under review, the company declared and got shareholders approval for a dividend of 5kobo per share with an option for script shares in lieu for who elect to opt for script shares."

Looks like there was a mix of dividend and bonus shares

600m

emmanuelewumi:
What is the outstanding shares of the stock

With these numbers it looks better than Ellah but not promising enough or near Presco or Okomu except it keeps growing revenue at the same over 200% rate. I personally would not go near this for serious investing except trading or JIJO. Plus firms in the agro space need to concentrate on one area of expertise (They are into snail farming, fishery, oil production, poultry, feeds). I would pass for now. #Not financial advice.

SonofElElyonRet:
"They recorded a whopping total gross revenue of N132 million as at the close of business year 2023, with profit after tax of over N8.1million with total retained earnings of over N21.1million."



"The company in financial year ended December 31, 2024 declared turnover of N289million, about 119 per cent increase over N132 million recorded in 2023.. the company, however, closed 2024 with a profit of N56.7 million, about 238 per cent increase when compared to N16.8 million in 2023.

In the year under review, the company declared and got shareholders approval for a dividend of 5kobo per share with an option for script shares in lieu for who elect to opt for script shares."

Looks like there was a mix of dividend and bonus shares

jckgroup1:
600m

Wonderful. This looks like a stock with a great potential

EquityM:
With UBA bank, if you withdraw more than three times, your interest will be forfeited. So, I withdrew more than three times already.

This is what I do, most of my cash are in Money Market Fund.

Whenever I redeem my investment, it is paid to Stanbic IBTC account, I also get payments into my First Bank and Access Bank account.

I usually transfer my spending cash from the conventional banks to my Opay, Palmpay and Moniepoint accounts.


I don't do more than 2 withdrawals per month on my Access, First Bank and Stanbic IBTC accounts

welzyj2:
It's same for all banks. I dey always plan my cash movements to get small change

I get account wey no fit get any interest and others that receive interest

You will pay withholding tax on the interest earned for the month, even though it was not paid due to penalty


You earned interest for the month, but you were penalized for making more than 3 withdrawals

Living abroad, Nigerian banks charge excessively for SMS charges; only Sterling Bank does not charge at all, and they have a very swift transfer service. I usually transfer my savings to FirstAlly and then transfer it back to my Sterling Bank if I need to withdraw. UBA already charged me like 3k for SMS alerts from the beginning of Jan till now. If not for my dividend payment that usually goes there, I wouldn't mind closing the account.

emmanuelewumi:
This is what I do; most of my cash is in Money Market Fund.

Whenever I redeem my investment, it is paid to Stanbic IBTC account, I also get payments into my First Bank and Access Bank account.

I usually transfer my spending cash from the conventional banks to my Opay, Palmpay and Moniepoint accounts.


I don't do more than 2 withdrawals per month on my Access, First Bank and Stanbic IBTC accounts

https://open.spotify.com/episode/4WVtgRB8nlObvrHgcAEaRr

Thoughts on Vitafoam following its joining the N100 club.

Sign an indemnity form to stop them from sending you SMS notifications, and then enroll in e-mail alert or notification.

EquityM:
Living abroad, Nigerian banks charge excessively for SMS charges; only Sterling Bank does not charge at all, and they have a very swift transfer service. I usually transfer my savings to FirstAlly and then transfer it back to my Sterling Bank if I need to withdraw. UBA already charged me like 3k for SMS alerts from the beginning of Jan till now. If not for my dividend payment that usually goes there, I wouldn't mind closing the account.

My OTP is linked to my foreign number; if I stop the SMS notification, I won't be able to transact normally. I will try to divert my dividend to Sterling Bank.

presiade:
Sign an indemnity form to stop them from sending you SMS notifications, and then enroll in e-mail alerts or notification.

Till this very moment I still have regret still having my accounts with them

kutyaxci:
I opened an account with them some weeks back but their customer support abi relations manager that’s communicating with me is terrible at her job. She doesn’t respond to messages

EquityM:
My OTP is linked to my foreign number; if I stop the SMS notification, I won't be able to transact normally. I will try to divert my dividend to Sterling Bank.

Get hardware and software tokens and use only email for notifications.

Alright, I'll do that.

otomatic:
Get hardware and software tokens and use only email for notifications.

otomatic:
Get hardware and software tokens and use only email for notifications.

This is what I do for most of my traditional banks. I only get alerts through my emails. Besides, one can always check their bank apps and online portal if there is need to confirm transaction.

You'd need to sign indemnity form if you already opened an account with sms alert enabled and now want to disable it.
If not, you can always opt out of it at account opening. Just be sure to tell them.

https://www.youtube.com/watch?v=WB6fueAYAnc

Thoughts on Eterna Plc’s rights issue

emmanuelewumi:
You will pay withholding tax on the interest earned for the month, even though it was not paid due to penalty


You earned interest for the month, but you were penalized for making more than 3 withdrawals

If you don't earn interest no WHT.

https://open.spotify.com/episode/4S5iFLPSqpLH5zZPNNpvGf

Thoughts on Eterna Plc’s rights issue.

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What will the Allshare Index do today?