₦airaland Forum

Actually, it's a case of overdoing yourself wrt ELLAH.
If they had opted to raise ₦100bn instead of ₦200bn, they would have had an oversubscription which would boost investor confidence but they shot themselves in the foot by not starting the mill...

Gold is a different ball game entirely

thebargainhunte:
How much is Japaul gold wants to raise again? It will end the same way as Ellah lakes. These people have no respect for billion naira.

Funds that could have turned their finances around

emmanuelewumi:
Meanwhile if you checked the recently released result about N200 million was spent on the public offer

Mecure no Dey shake

KarlTom:
Funds that could have turned their finances around

Ellah Lakes will go back to N6.00.

I don't know the new content that the content creators managing the stock price can do to prevent this from happening

What is this? I'm not a fan of Ellah but publicly listed companies don't announce material information like public offer results on an unverified website.

KarlTom:
"Ellah Lakes Plc announced today, February 20, 2026, that its ambitious ₦235 billion Public Offer failed to meet the minimum subscription threshold.

Despite a high-profile marketing campaign and a bullish stock market environment, the company will not allot any shares and will instead refund all applicants..."

While the failed offer is a setback, the commitment to transparency and the ongoing ARPN deal suggest that the “long-term transformation” story is still alive, albeit on a different funding timeline.

KarlTom:
Actually, it's a case of overdoing yourself wrt ELLAH.
If they had opted to raise ₦100bn instead of ₦200bn, they would have had an oversubscription which would boost investor confidence but they shot themselves in the foot by not starting the mill...

Gold is a different ball game entirely

It always looks like a different story but the same narrative. You think 500Billy na yah mate.. that’s CBN benchmark for bank Capitalization which they struggle to meet. This is common sense.

Anyways, We will consider taking up Ellah at 7-8. And still waiting for access at 19 except they declare a good dividend. Access last acquisition failed, and I believe they would have incurred a cost and inflated the figure to siphone money.

Goodluck everyone

emmanuelewumi:
Ellah Lakes will go back to N6.00.

I don't know the new content that the content creators managing the stock price can do to prevent this from happening

I am being generous with 7-8 then.

The Oracle has spoken

KarlTom:
Actually, it's a case of overdoing yourself wrt ELLAH.
If they had opted to raise ₦100bn instead of ₦200bn, they would have had an oversubscription which would boost investor confidence but they shot themselves in the foot by not starting the mill...

Gold is a different ball game entirely

We are only making speculative money.
When production of Gold start,that's when Japaul will kick off with good returns.

We are riding on with whales who bought around N2 region.They have a target price.when target is finally met, distribution will start.
I only have a million units left.I used Japaul proceeds to buy property around December.

Rhetorically speaking...

emmanuelewumi:
Ellah Lakes will go back to N6.00.

I don't know the new content that the content creators managing the stock price can do to prevent this from happening

ositadima1:
CWG appears to have already priced in much of the upside; my fair value range is ₦16–₦33. PZ is the better bet based on its six-month results and forward projections, with a fair value range of ₦61–₦115.

ositadima1:
Custodian’s 2025 results look strong, but it wasn’t a normal growth year. Total assets expanded sharply from about ₦407bn to over ₦1.0tn, mainly due to acquisitions and a big increase in investments. Although these acquisitions were funded internally, they also brought in large existing assets and liabilities, which significantly inflated the balance sheet.

Profit after tax rose to about ₦67bn, with EPS of 1,119 kobo. However, earnings were heavily supported by investment income and market-related gains of over ₦110bn, compared to an insurance service result of roughly ₦12bn. This shows profits were more investment-driven than underwriting-driven.

Operating cash flow of about ₦478bn looks very strong, but roughly ₦410bn of this came from a sharp rise in trade payables, meaning cash was boosted mainly by delayed payments rather than permanently higher earnings.

Given the mixed quality of earnings and higher sensitivity to markets, I think a reasonable valuation range is a P/E of about 5x–7x, not a high insurance multiple. Applying this to the EPS of ₦11.19 gives a fair value range of roughly ₦56 to ₦78 per share (aj8 style ). Until earnings stability is proven through a weaker market cycle, 2025 should not be treated as a clean baseline year.

Numbers first, narratives later.
-- ositadima1

CWG, PZ, Custodian as predicted. Custodian should try and get to 80 let me check something.

Has Japaul said they are raising 500bn from the market now? The only news from them is the commencement of gold mining. Why are you lumping issues together?

If they wait and concretize the proposed commencement of gold mining and show evidence before coming to the market for capital raise, you will chase after the shares at N50.

Japaul and Ellah don't look the same imo.

handsomebolanle:
It always looks like a different story but the same narrative. You think 500Billy na yah mate.. that’s CBN benchmark for bank Capitalization which they struggle to meet. This is common sense.

Anyways, We will consider taking up Ellah at 7-8. And still waiting for access at 19 except they declare a good dividend. Access last acquisition failed, and I believe they would have incurred a cost and inflated the figure to siphone money.

Goodluck everyone

Stockpromoter:
Next boom is insurance.
Make sure you don't chase this time around.
Japaulgold should be a lesson to us.

Look at them(insurance) at very low prices now.

We may see a mad bull on them starting from next week.

We have said enough just like we said on Japaul.

If you miss Japaul,don't miss insurance.
Most of them will still do like Japaul

LOCO Suffer no dey tire you

By the time insurance sector will start moving ,. You would have migrated to and start marketing the banking sector.

Better stay one place and make the best out of it instead of moving up and down like a vagabond..

SonofElElyonRet:
Receive deliverance from the spirit of jijomylitis

Ellah's PO result has come out oo. Seems not successful.

KarlTom:
Actually, it's a case of overdoing yourself wrt ELLAH.
If they had opted to raise ₦100bn instead of ₦200bn, they would have had an oversubscription which would boost investor confidence but they shot themselves in the foot by not starting the mill...

Gold is a different ball game entirely

The N100bn is still big for the company, the best would have been 25-50 billion naira. A company without revenues before wanted to impress the media.

KarlTom:
Actually, it's a case of overdoing yourself wrt ELLAH.
If they had opted to raise ₦100bn instead of ₦200bn, they would have had an oversubscription which would boost investor confidence but they shot themselves in the foot by not starting the mill...

Gold is a different ball game entirely

Would they pay interest on the funds to be returned?
A company did so recently

kintus:
Seriously, I no expect you to put mouth for this matter at all.

yI recall you swearing on your great-grand-fathers tomb that JP will never see any good appreciation. What changed? So you now, you dey even mention N5....Na wa oh. Seriously una ways dey scare me for this place.

Don't mind street-fighter. he said Japaul will mot touch #3. Now he shifted the goalpost to #5, watch out he will still raise the bar to #10

mikeapollo:
Ellah's PO result has come out oo. Seems not successful.

Thanks for the heads up

PETERiCHY:
Don't mind street-fighter. he said Japaul will mot touch #3. Now he shifted the goalpost to #5, watch out he will still raise the bar to #10

HesInMe:
What is this? I'm not a fan of Ellah but publicly listed companies don't announce material information like public offer results on an unverified website.

SEC and NGX must have been notified

KarlTom:
Actually, it's a case of overdoing yourself wrt ELLAH.
If they had opted to raise ₦100bn instead of ₦200bn, they would have had an oversubscription which would boost investor confidence but they shot themselves in the foot by not starting the mill...

Gold is a different ball game entirely

N100 billion is on the high side for Ellah Lakes based on their current revenue of less than N2 billion.

N20 billion would have been okay

PETERiCHY:
See them Agba, Street-fighter. Edu & Co plotting their next propaganda move

I only indulge in jijo or trading( portfolio reshuffling) with living stocks(companies with good financial health and long dividend history).

You can be caught unaware while trying to jump in and jump out with the likes of Ellah pekos and JapaulStone!

https://businessday.ng/companies/article/ellah-lakes-targets-q1-for-arpn-acquisition-deal/?utm_source=auto-read-also&utm_medium=web
News Confirmed

handsomebolanle:
I am being generous with 7-8 then.

The Oracle has spoken

Ellah is a sub N1 stock. It probably wont get there but it certainly should be back to its N3 level.

We need a pull back to bring some sense to this madness

mikeapollo:
Would they pay interest on the funds to be returned?
A company did so recently

The company that paid interest had a successful offer.

Even though Ellah Lakes offer was not successful they would have also spent close to a billion Naira on the offer.

I don't think they will pay interest on the returned money

JAPAULGOLD
People are trying ooo
Single bid of 90M unit!
Seems PFAs and institutional investors are scrambling for JP shares as well....

Over 300M units bids on queue !

Kerefi:
Bought 3m shares of japaul last week at 2.31 and sold at 2.5. I'm full of regrets. Imagine 3m x ₦4 that's 12m. Life 😅

Don't do this to yourself. At the time there was no publicly available information that suggested that your decision was bad.

This sort of reasoning would only damage you in the future

PETERiCHY:
LOCO Suffer no dey tire you

By the time insurance sector will start moving ,. You would have migrated to and start marketing the banking sector.

Better stay one place and make the best out of it instead of moving up and down like a vagabond..

Chai Loco the vagabond

Umehj88:
https://moneycentral.com.ng/exclusive/article/ellah-lakes-arpn-acquisition-stays-on-track-for-q1-2026-despite-funding-hit/


Ellahlakes

Is this source legit, because I have not seen anything on ngx yet. Looks like this news was for people to panic sell and others to grab. Ellah seem to be recovering from full offer already

yMcy56:
JAPAULGOLD
People are trying ooo
Single bid of 90M unit!
Seems PFAs and institutional investors are scrambling for JP shares as well....

Over 300M units bids on queue !

That single offer of 90m may be deliberate to keep the bull on for long.
Make them let me grab my 20m units in peace so I can relax for just 30-40% profit. I wont be selfish, I promise.

yMcy56:
JAPAULGOLD
People are trying ooo
Single bid of 90M unit!
Seems PFAs and institutional investors are scrambling for JP shares as well....

Over 300M units bids on queue !

PFA for 362m naira?? lol.

Your love for penny stock sha..

Target N5. there may be offers at that price but would quickly disappear from the look of things.

mikeapollo:
That single offer of 90m may be deliberate to keep the bull on for long.
Make them let me grab my 20m units in peace so I can relax for just 30-40% profit. I wont be selfish, I promise.

mikeapollo:
That single offer of 90m may be deliberate to keep the bull on for long.
Make them let me grab my 20m units in peace so I can relax for just 30-40% profit. I wont be selfish, I promise.

SPOT on.. it could disappear any moment