₦airaland Forum

KarlTom:
This is incorrect. Average daily units is 7.7m+ (4.9m if we exclude the day of listing)

Out of 25 trading days since listing, ZICHIS has only traded less that 600k units on THREE occasions...

Okay ooo enjoyed your Zichis loot alone.
Tomorrow, you will say we are friends.

emmanuelewumi:
They create different contents whenever they want the stock price to appreciate.

They have standby investors who developed cold feet and refused to invest at the last minute, even though the offer was extended by 2 weeks in order to accommodate additional investors

They allowed the insiders to offload first. They will buy back at half price and will spin it again back to 12/14

In retrospect, one of the best decision I made last year was liquidating my usd holdings in money market to invest in the NGX after seeing the market momentum. The plan was just to beat mutual funds or money market rate which was higher than most dollar mutual funds. That goal has been exceeded not because I am a guru at timing the market. While I didn't invest in most of the stocks that had given over 300% considering their liquidity and fundamentals, Stocks like Nahco, Presco, PZ, WAPCO, MTNN, Aradel have delivered at least 80% - to over 100% all under 6-8months while I sleep peacefully at night

Mission accomplished. Next mission is to know when to sell and not continue shifting the goal post. Stocks like Presco and Nahco makes it difficult considering they have refused to considerably retraced but rather maintained their upward trajectory. So far, been a good year and one of the best seasons for my portfolio generally in over 10years in this business.

Kudos to everyone that selflessly contribute to this thread and sharing great perspective. You guys are the best.

[quote author=Valthegreat post=138530356][/quote]People are now wiser. Chill till when long term Institutional investors start taking positions in the stock

Agbalowomeri:
They allowed the insiders to offload first. They will buy back at half price and will spin it again back to 12/14

I doubt if insiders bought the offer.

The problem with the stock is that most of the shareholders did not buy the public offer, they only want new investors to buy the offer at the inflated price

Sunrisepebble:
Wapco is our retirement stock

Presco is my retirement stock

Same here. Because I know they plant to use internal cash flow rather than raising external money. But with their other business they’ve acquired they’ve still paid decent dividends. I think it’ll be fine

robobo:
The only fear i have for this one is that those chinese might cut dividend to finance expansion (ashaka &shagamu expansion recent news) which could affect price sentiment on NGX, otherwise this one na rock solid

Valthegreat:
You call manipulation a rally?
For the health of NGX going forward and the security of our funds I think all of us should be against this ZICHIS nonsense strategy. Should this continue every new company will be listing on the floor by introduction and move the price by 2000% before any other investor can get 10000 units.

Please how many units were you able to buy at any price below CIrca 11.90?
Even buying at the price I mentioned means someone sold ZICHIS FUTURES to you at 500%.

NGX should ban listing by introduction.

New companies should come to NGX through Initial Public Offer or Offer for Sale.

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

Months ago I mentioned it here that Ellah stock price is being manipulated by the insiders particularly but it was taken with a pinch of salt.

Their luck is that the NGX is not really developed. The price of their stock would have dropped drastically to below 5 following this news.

I don't know how you'd give N6 billion loan to your own company within 48 hours and then agree to convert the loan to shares at N3 when price of the stock has flown to over N17 following release of propaganda information about acquiring strategic assets blabla.

No sensible investor will touch the PO because those directors will be waiting to dump their shares on the public to lock in their unmerited gains.

Ellah lakes may go to the moon in future but the management should learn to be more honest. This is not 2001 in Nigeria where there was no internet and you could scam people through manipulating stock price in the NGX.

Price Sales ratio of Zichis is about 14. If the net profit margin is 25%. The price earning ratio will about 56

2zona:
This nascon is jyst busting all the burbles, and Alhaji said sometime last year that salt is a small business.

The industrial salt section of the company is minting good money for the company.

The company gifted trucks and cash worth billions of Naira to their customers just a few days ago. They are sitting on a lot of cash.

FY2025 was really good for them and 2026 is also looking like it's going to be better. The growth has been impressive.

emmanuelewumi:
I doubt if insiders bought the offer.

The problem with the stock is that most of the shareholders did not buy the public offer, they only want new investors to buy the offer at the inflated price

In other words, this ELLAH's misfortune is waiting to befall ZICHIS when they will come to raise their own funds with manipulated share prices too?
A company that generated just #400m revenue last business year is now worth almost #11b just because they listed on NGX.

Awesome, CrownPrince and Street investor una no go come make we contribute #100m each to start a farm business and bring it to NgX after 2years so that we blow the valuation to #15B and cash out sharperly

Valthegreat:
In other words, this ELLAHS misfortune is waiting to befall ZICHIS when they will come to raise their own funds with manipulated share prices too?
A company that generated just #400m revenue last business year is now worth almost #11b just because they listed on NGX.

Awesome, CrownPrince and Street investor una no go come make we contribute #100m each to start a farm business and bring it to NgX after 2years so that we blow the valuation to #15B and cash out sharperly

You won't touch some stocks if you invest with figures

Sunrisepebble:
Wapco is our retirement stock

JAPAULGOLD is our RETIREMENT STOCK

BARGAIN HUNTERS TAKE NOTE!

Valthegreat:
There's something I don't understand in the trading pattern for stocks, if you check the market list for Japual you will see a long list of trades that has happened today but for 3days now I have been queuing at the maximum amount without getting any so how is the matching done?. How come over 100 bid has been matched with offers today but some bids will go through and others will fail, is it by first come first served or how does NGX determine whose bids to match first. Gurus in the house I need your help.

Same thing for Zichis! All manipulations

KarlTom:
ELLAH will likely close on full offer...

Dem say timeline is still on till March 31st..
May not retract for too long if they succeed through other means before Q1.

But it's quite disappointing from them..

They should have combined it like TIP, and other companies..
Hybrid offer.. RI & PO.

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

They gave a caveat of 31st March. deal isn't over yet.

That might sustain the price a bit from free fall.

ee say na content creators

Which dollar mutual funds, please?

debeey87:
In retrospect, one of the best decision I made last year was liquidating my usd holdings in money market to invest in the NGX after seeing the market momentum. The plan was just to beat mutual funds or money market rate which was higher than most dollar mutual funds. That goal has been exceeded not because I am a guru at timing the market. While I didn't invest in most of the stocks that had given over 300% considering their liquidity and fundamentals, Stocks like Nahco, Presco, PZ, WAPCO, MTNN, Aradel have delivered at least 80% - to over 100% all under 6-8months while I sleep peacefully at night

Mission accomplished. Next mission is to know when to sell and not continue shifting the goal post. Stocks like Presco and Nahco makes it difficult considering they have refused to considerably retraced but rather maintained their upward trajectory. So far, been a good year and one of the best seasons for my portfolio generally in over 10years in this business.

Kudos to everyone that selflessly contribute to this thread and sharing great perspective. You guys are the best.

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.

You make a point.

LOL. You might not know my history. I'm the biggest Ellah bear there is. Where is the official announcement of the offer result?

vacanci:
This is the denial phase.

you will soon get to acceptance phase

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 !

I don't think any PFA will try that yet in Japaul. Even if it has prospects.
I think Pencom have their criteria or pensionIndex..
Does Japaul fit in?

Na people retirement benefits Ooo.

ojeysky:
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

I think Money central and BusinessDay carried it.
That website no dey Lie.

chimex38:
Dem say timeline is still on till March 31st..
May not retract for too long if they succeed through other means before Q1.

But it's quite disappointing from them..

They should have combined it like TIP, and other companies..
Hybrid offer.. RI & PO.

but is this ellahlakes offer allotment news on ngx website?I say make I ask ooo,shine your 👀

KarlTom:
This is incorrect. Average daily units is 7.7m+ (4.9m if we exclude the day of listing)

Out of 25 trading days since listing, ZICHIS has only traded less that 600k units on THREE occasions...

We missed ZICHI by a whisker, Last year Dec one of our Analog broker sent a prospect of ZICHIS PLC and said if we are interested he will cross deal any quantity to us at the rate of 2.50k per share instead of #1.81 that is in the prospectus.


We didn't go ahead because of the UGLY experiences we had in the past with some private placements.

Now ZICHI has gained almost 1000% and those who didn't partake in the loot are calling it manipulation.

If they were involved they will tagged it their winning or retirement stock.


BARGAIN HUNTERS TAKE NOTE!

yMcy56:
Why did you keep mentioning Jegede?
Other experts are in control now.
I posted some of the changes few days ago

He knows.. He still thinks Jegede is still in the mix.
#BehindTheScene

ARADEL. ±
CONOIL. ±
ETERNA. +1.56%
OandO. ±

PETERiCHY:
JAPAULGOLD is our RETIREMENT STOCK

BARGAIN HUNTERS TAKE NOTE!

How many times would you go on retirement?
I thought you said that you have gone on retirement already since last year?

This news has not circulated yet. Let's give it the weekend and see the market reaction on Monday...

chimex38:
Dem say timeline is still on till March 31st..
May not retract for too long if they succeed through other means before Q1.

But it's quite disappointing from them..

They should have combined it like TIP, and other companies..
Hybrid offer.. RI & PO.

Princkez:
but is this ellahlakes offer allotment news on ngx website?I say make I ask ooo,shine your 👀

True sha..
Let's watch

chimex38:
Dem say timeline is still on till March 31st..
May not retract for too long if they succeed through other means before Q1.

But it's quite disappointing from them..

They should have combined it like TIP, and other companies..
Hybrid offer.. RI & PO.

I think Ellah should have staggered their capital raise programme i.e. one step at a time e.g. by starting with RI, PP, debt capital, then PO etc.
To go for a full N250bn at once without a strong balance sheet was a bit too ambitious.
For instance, Oando, with all its huge turnover and potentials, is first doing RI for only N220bn, then another N500bn, debt capital etc.

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.

I remember he said #3 before December 31, 2025 or so..

New information on Gold Mill acquisition and production is what changed in 2026.

Valthegreat:
You call manipulation a rally?
For the health of NGX going forward and the security of our funds I think all of us should be against this ZICHIS nonsense strategy. Should this continue every new company will be listing on the floor by introduction and move the price by 2000% before any other investor can get 10000 units.

Please how many units were you able to buy at any price below CIrca 11.90?
Even buying at the price I mentioned means someone sold ZICHIS FUTURES to you at 500%.

I'm talking Japaul