₦airaland Forum

emmanuelewumi:
But you claimed to have sold your Ellah Lakes shares, why are you still bothered by what ANTAGONISTS are saying?

emmanuelewumi:
I bookmarked the page. About 2 weeks 3 days ago you promised to hold Ellah Lakes for the next 5 years.

Wetin happen that made you sell as you claimed?

emmanuelewumi:
You have so much confidence in this smooth talker sha

megawealth01:
He said he has 500k balance. He is a smart guy. In this game never sell off your stocks

megawealth01:
He got carried away just as many will be carried away by jegede and Wale 😂

emmanuelewumi:
History will always be repeated

SonofElElyonRet:
Ellah wey go soon overtake Access price wise

handsomebolanle:
There is a stock that will make 10baggers in few years to come base on street analysis.
I still dey find money to accumulate it hopefully it doesn't move yet.

SonofElElyonRet:
Ok. Let's see what's gonna be in 5 - 10 years.. already dividends will commence next year..

SonofElElyonRet:
Chuka Mr sweet mouth.. on a serious note, things are looking up for Ellah.. wey all the nay sayers? This thing fit enter N1,000 over the next 5 - 10 years

Sometimes your comments on Ellah lakes irritates me a lot.
This is a company that has been bashed by many in the past and it keeps on defying people.

Are the Mgt so bias that they don't know the value of N250B or they don't know what prompted them to look for such amount?
Even if they are unable to raise the money is none of your business.

Do you have any stake with them?No
Pls allow them to raise their money in peace.
What of if the offer is oversubscribed?
What will you have to say?

Peter thought that the Gentiles were unclean until God shewed him in the house of Cornelius.

Mind you that Ellah lakes can turn to be the leader in that sector tomorrow.Its a matter of policies favouring them.

HesInMe:
I like you. You think you're smart. Lol.

I did not say one cannot create value via acquisition. I just noted that it is an important but unanswered question in Ellah's specific case, which has three characteristics that don't augur well for success.

First, history is not on their side. The proposed acquisition is gargantuan relative to the size of Ellah's existing business. Even at well managed firms, large acquisitions typically fail. Ellah is run by a banker with no agric expertise.

Second, Ellah is paying a high price for its main target: ARPN's oil palm plantation, which it values at N155bn. Publicly traded Presco and Okomu offer better comps than land in the bush for estimating the true market value of the plantation, measured on a price per planted hectare basis (adjusted for some yield metric, like average age). I'm confident you can do the math yourself.

Finally, the combination does not enjoy any significant synergies. Ellah has no existing business of note to offer significant cost savings or revenue enhancements when combined with ARPN. It is such synergies that make value creation possible -- with prayer and pouring libations -- when you pay a premium for an asset.

Honestly, the better way to see this deal is as a liquidity event for ARPN's owners, not value creation for Ellah's.

emmanuelewumi:
Did you sell yesterday?

Because you were still bullish about Ellah Lakes this week

emmanuelewumi:
I don't think it is fair to keep on hyping a stock so that others will buy the stock, meanwhile the person hyping the stock was gradually selling

handsomebolanle:
I wanted to get into Ellah at 10 but wasn’t able to.
I understand fundamentals but whatever the investor that spent over a billion naira @ 12.5 saw, one need not to climb the mountain to see it. The information is common sense to say something major is coming. Those privy to the information have and are still taking position. Time will reveal and the game is the game.

emmanuelewumi:
I don't think it is fair to keep on hyping a stock so that others will buy the stock, meanwhile the person hyping the stock was gradually selling

Harddiskng:
This place one has to be careful.

If you noticed i have never dropped a stock recommendation.

The people dropping stocks names upandan, it is only logical they are driving their own agenda.

Do you due diligence every single time.

emmanuelewumi:
I don't think it is fair to keep on hyping a stock so that others will buy the stock, meanwhile the person hyping the stock was gradually selling

emmanuelewumi:
Are you sure about the dividends from Ellah Lakes as from 2026?

emmanuelewumi:
Someone spending N1 billion to buy a stock does not mean he is right, might be an insider arrangement to manage the stock price

crownprince2017:
Loco, use the money to buy presco if you are very risk averse, presco will close the year atleast at 2k with atleast 50 dividend.

Fixed income can never beat inflation in the next 5 Months.

Mankind2024:
The letter that prompted Chuka Mordi to address investors is a testament to the power of collective action. It shows that CEOs do indeed read and consider feedback from investors. Kudos to all self-investors who contributed to this outcome – we won collectively!

Dear Ellah Lake Management Team,
It is no longer a secret that your performance has been terrible, disappointing and disastrous for minority investors. The promises and reassurances given to investors seem to be fading away. Forum members of Nigerian Stock Exchange Market Pick Alerts(NSEMPA) are currently exposing the root of your business. It appears you are running an intangible audio business, as there is no single uploaded video of your integrated farm on the internet.

You pride yourself as the first agriculture company listed on the NGX, having been listed in 1980 according to your website. However, it seems Ellah Lake lacks direction towards achieving its stated vision of becoming the best and prototype integrated farm in Africa. You have failed, and failure is now associated with your mission. Yes there is no crime in failure, not using it as a stepping stone is a potential recipe for future disaster.

We no longer hear about the fishing business or news about the Tellura farm you acquired. Are they still generating income? What is the current state of the rice ,soyabeans and cassava plantation?There is no video evidence of the 5,000 hectares of palm plantation and the piggery.
The integrity of your management team is now a subject of discussion on Nairaland, and your financial statement is under public scrutiny. The figures don't add up, and the more I analyse them, the less clarity I get.

https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/8993

It's noteworthy that CBO Capital, one of your largest shareholders and partners, disinvested 81 million shares in November/December 2024. Time is running out; it's time to prove your critics wrong.

https://nairametrics.com/2024/11/13/ellah-lake-declares-zero-revenue-for-two-consecutive-years-as-cbo-capital-sells-down-81-million-shares/

I personally own 2.5 million units of ordinary shares in your stagnanted company. The phrase "all noise, no action" comes to mind. I was once convinced by a feedback report quoted in Business Day, which mentioned a delegation of stockbrokers visiting Ellah Lakes Plc's plantation in Edo State.

https://businessday.ng/companies/article/stockbrokers-laud-ellah-lakes-strategic-investment-in-palm-plantation-livestock/

https://www.proshare.co/articles/ellah-lakes-plc-ceo-issues-statement-on-post-rights-issue-ongoing-operations?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates

However, it's unimaginable how an Agric company wouldn't declare any profit in 4 consecutive years. Poor revenue, poor operating income, poor cash flow, negative retained earning, always in capital deficit. These are pointers to an unsustainable failing business.

The antecedent of Ellah Lake is consistent with that of a company that may be delisted.

Mr. Chuka Mordi, time is of the essence, and money cannot buy it. I urge you to come clean and do the needful and execute your remote plan of delisting if this is your agenda for Ellah Lake and consider relisting in the future at a better price when there are tangible plantations, as it appears investors are only investing in an intangible palm plantation. This shouldn't be a reason to toll the path of one of your kinsmen Mr Dozy Mmobuosi of infamous Tingo Group.
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26086

crownprince2017:
Remember my three important raised questions about ellahlakes few days ago.

The answers are beginning to show face small small..

One thing you should know is most of the 250b is coming inform of Private placement.

It will soon get clearer as the day go by.

Ellahlakes is still risky but remember the simplest law, high risk high return.


Not a buy or sell recommendation.

crownprince2017:
I think its high time we all understand that there is relationship between age and risk tolerance. For a rational person, you don't expect a rational majority of pa emma of 80+ to stake his Money on companies he thinks is risky.
There is reason why there is formula for calculating the percentage of money to put in equity market for different age bracket.

Are u expecting pa emma to see from a younger you lenses? His advice will always be conservative based on his age.

The more closer you are to guessing strangers age the more you will be able to guess the reasons behind their opinions if you must seek for their advice.

Based on personal opinion, he is a very conservative investor with good mind.

Oyel money is real.

crownprince2017:
Pa Emma, I respect the fact that you are good with numbers, I studied accounting all my life in higher institution, it's very easy for me to know people that understand numbers.
I want you to know that there are number calculator and number manufacturers, I can categorically said you are a number calculator based on your views here since 2019 i have been following this thread. Seriously it's good and nothing wrong with your views based on that but a lot is wrong when you tried to generalized it and said authoritatively that people will get their fingers burnt trading a particular share of a company.

Warren Buffett once said there are five important things you should note before committing your money to a particular company stocks, one of it is the calculation of numbers which you did, can we say scoring one over 5 is enough to say a student did well in an exam?

The same warrant buffet once said, accounting numbers are just the beginning and not a means to determine the value of a company.

In finance, it's a general view that the higher the risk the higher the reward, if everybody run away from risk where will the big reward comes from.

You views on sugar and ellahlakes doesn't have sufficient evidence to condemned them and below are my reasons:

If we all wait until we see the numbers on the face of annual reports, where will the big reward come from? The companies that did 50 bagger according to the author were companies that did not have favourable numbers across the face of their annual reports but people that took the risk made a kill.

Nobody should try to time the market, because it has been proven time without numbers that nobody can time the market correctly.

Because sugar has problem today, you run a way to another company, who told you that another company you ran to cannot have problem as well, suddenly sugar becomes a bad company.. just a news of rice operation will change the current trend.

It's people that did not have reasons why they buy that can be misguided.

You can do better by not badmouthing people investment, people are the shareholders of these companies.

emmanuelewumi:
With God nothing is impossible

emmanuelewumi:
I was bullish on Dangote Sugar, I shared it here that it would get to over N100.

I made the call when it was less than N20 and I sold at over N60 when they merger talk with NASCON was suspended.

I used the fund to buy Presco, Nahco and Zenith.

Not need to be sentimental, you sell when the fundamentals stop making sense

emmanuelewumi:
I was bullish on Dangote Sugar, I shared it here that it would get to over N100.

I made the call when it was less than N20 and I sold at over N60 when they merger talk with NASCON was suspended.

I used the fund to buy Presco, Nahco and Zenith.

Not need to be sentimental, you sell when the fundamentals stop making sense

crownprince2017:
Pa Emma, I respect the fact that you are good with numbers, I studied accounting all my life in higher institution, it's very easy for me to know people that understand numbers.
I want you to know that there are number calculator and number manufacturers, I can categorically said you are a number calculator based on your views here since 2019 i have been following this thread. Seriously it's good and nothing wrong with your views based on that but a lot is wrong when you tried to generalized it and said authoritatively that people will get their fingers burnt trading a particular share of a company.

Warren Buffett once said there are five important things you should note before committing your money to a particular company stocks, one of it is the calculation of numbers which you did, can we say scoring one over 5 is enough to say a student did well in an exam?

The same warrant buffet once said, accounting numbers are just the beginning and not a means to determine the value of a company.

In finance, it's a general view that the higher the risk the higher the reward, if everybody run away from risk where will the big reward comes from.

You views on sugar and ellahlakes doesn't have sufficient evidence to condemned them and below are my reasons:

If we all wait until we see the numbers on the face of annual reports, where will the big reward come from? The companies that did 50 bagger according to the author were companies that did not have favourable numbers across the face of their annual reports but people that took the risk made a kill.

Nobody should try to time the market, because it has been proven time without numbers that nobody can time the market correctly.

Because sugar has problem today, you run a way to another company, who told you that another company you ran to cannot have problem as well, suddenly sugar becomes a bad company.. just a news of rice operation will change the current trend.

It's people that did not have reasons why they buy that can be misguided.

You can do better by not badmouthing people investment, people are the shareholders of these companies.