₦airaland Forum

Na Pa Emma be the LECTURER here sha

yMcy56:
Mega, I can see and read your motivational speeches nah....😁
I no come know whether the adjective used is wrong sha. Lol.
You know, in this market, I've learn not to say never on whatever issues that comes up....
That's the perspective I used mostly to view many issues.
Chuka has big biz going for him but he just needed to now listen, address the concerns and get industry advice from seasoned professionals...
My opinion.

📌 Market Reflection: Balance Sheet Is the Real Signal
This market has taught me serious lessons.
I was excited at different times about Japaul Gold & Ventures Plc and Ellah Lakes Plc because of strong narratives and momentum.

But I’ve learned something deeper:
Narrative moves price.
Balance sheet sustains value.

With Ellah Lakes, capital raising created uncertainty and confidence dropped.

With Japaul, despite the $1.8 billion gold reserve story, investors still face questions about funding, dilution and execution.
Reserves are not cash.
Announcements are not earnings.
Volume is not equity strength
.
At the same time, insurance stocks undergoing recapitalisation are showing me a different lesson:
Shareholders’ funds are being strengthened
Capital adequacy is improving
Balance sheets are becoming stronger
Regulatory backing supports the sector
That builds confidence.
I’ve realized that strong balance sheet and growing equity are more reliable than hype-driven rallies.

The big lessons for market participants:
1️⃣ Don’t chase narrative without studying the balance sheet.
2️⃣ Be careful of heavy dilution.
3️⃣ Capital raising must protect existing shareholders.
4️⃣ Regulatory-driven capital strengthening can create real long-term value.
5️⃣ Correction is part of growth — admit mistakes and reposition wisely.
Speculation can give quick gains.
But balance sheet strength builds lasting wealth.

That’s the difference I now understand.
I was wrong in Ellah Lakes.
I was wrong in Japaul Gold.
Insurance sector has opened my eyes on how companies should be assessed.
Pa Emmanuel Ewumi, you are right

chimex38:
Lol.. You feel Zichis has the same plan

Ellah don spoil their market if true

But Zichis seem more of organic growth though.

I beg help me with the new definition of 'organic' it seems the definition has changed. What I saw in ZICHIS has been outright manipulation and not in anyway related to organic. From #1.99 to #15 within 3 weeks with daily maximum growth without any fundamentals or serious expansion news. Get your funds ready to buy public offer very soon at #18 or #20.
If they no born them well let them add right issue to the offer let me see if the stock brokers that crossed the manipulation will buy their rights.

Major dividends announcements to start from next week.....MTN, Dangote cement, Seplat etc

Sweet week ahead

I missed Zuchi because I was busy with other money matters. CHAI. I don't like missing such opportunities especially when I broker dropped messages for me as regards that..Got to findout later

Valthegreat:
I beg help me with the new definition of 'organic' it seems the definition has changed. What I saw in ZICHIS has been outright manipulation and not in anyway related to organic. From #1.99 to #15 within 3 weeks with daily maximum growth without any fundamentals or serious expansion news. Get your funds ready to buy public offer very soon at #18 or #20.
If they no born them well let them add right issue to the offer let me see if the stock brokers that crossed the manipulation will buy their rights.

💕

Byankee:
Major dividends announcements to start from next week.....MTN, Dangote cement, Seplat etc

Sweet week ahead

Na JAPAUL I dey research o. No be Mr J.A. Paul

megawealth01:
Abeg let me know your findings so I can confirm if jegede true true has repented

Noted Sir 😜

KarlTom:
Na JAPAUL I dey research o. No be Mr J.A. Paul

Abeg who be una broker wey dey drop updates for una?

megawealth01:
I missed Zuchi because I was busy with other money matters. CHAI. I don't like missing such opportunities especially when I broker dropped messages for me as regards that..Got to findout later

Valthegreat:
I beg help me with the new definition of 'organic' it seems the definition has changed. What I saw in ZICHIS has been outright manipulation and not in anyway related to organic. From #1.99 to #15 within 3 weeks with daily maximum growth without any fundamentals or serious expansion news. Get your funds ready to buy public offer very soon at #18 or #20.
If they no born them well let them add right issue to the offer let me see if the stock brokers that crossed the manipulation will buy their rights.

Lol.. We all know the price push is inorganic.
I was talking of growth from their financial statement as well as opening speech on YouTube of their financial transitions and economic growth on the Ngx floor so far from their humble beginnings a step at a time.
Sounded organic to me.
Was never referring to the price I once called abracadabra..

megawealth01:
Na Pa Emma be the LECTURER here sha

Pa Emma na senior boss o.
....and it's not an attack on you or anyone, just speaking my own opinion too....with the believe that you understood well how things works in our market.
You all have your points as well.

I won't be surprised if we don't have any such dip in Ellah price as many may have expected.
We have different participants with different views on investing......
Ellah didn't even close on full offer on Friday but, let's see how Mr. Market treats the news......
I rest my case and waka jejely.

🚶🚶🚶🚶

yMcy56:
Pa Emma na senior boss o.
....and it's not an attack on you or anyone, just speaking my own opinion too....with the believe that you understood well how things works in our market.
You all have your points as well.

I won't be surprised if we don't have any such dip in Ellah price as many may have expected.
We have different participants with different views on investing......
Ellah didn't even close on full offer on Friday but, let's see how Mr. Market treats the news......
I rest my case and waka jejely.

🚶🚶🚶🚶

Lol the dip go discover crude oil

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?

Oga Emma drawing his pound of flesh.
You wan drag SonofEllyon out like tiger generator.
I don't know you are like this o! LOL!

Lessons learnt, next time don't hype for a cowboy, they hardly change. Those in JAPAULGOLD take note, don't trust Jegede with full chest until he shows working, he is a cowboy too.

I am very sure the insurance sector has nothing special to offer post recapitalisation.
The top players are doing well but how much further can their share prices go plus the stingy dividend pay out.
Insurance is a no go area for me and my household.

Stockpromoter:
📌 Market Reflection: Balance Sheet Is the Real Signal
This market has taught me serious lessons.
I was excited at different times about Japaul Gold & Ventures Plc and Ellah Lakes Plc because of strong narratives and momentum.

But I’ve learned something deeper:
Narrative moves price.
Balance sheet sustains value.

With Ellah Lakes, capital raising created uncertainty and confidence dropped.

With Japaul, despite the $1.8 billion gold reserve story, investors still face questions about funding, dilution and execution.
Reserves are not cash.
Announcements are not earnings.
Volume is not equity strength
.
At the same time, insurance stocks undergoing recapitalisation are showing me a different lesson:
Shareholders’ funds are being strengthened
Capital adequacy is improving
Balance sheets are becoming stronger
Regulatory backing supports the sector
That builds confidence.
I’ve realized that strong balance sheet and growing equity are more reliable than hype-driven rallies.

The big lessons for market participants:
1️⃣ Don’t chase narrative without studying the balance sheet.
2️⃣ Be careful of heavy dilution.
3️⃣ Capital raising must protect existing shareholders.
4️⃣ Regulatory-driven capital strengthening can create real long-term value.
5️⃣ Correction is part of growth — admit mistakes and reposition wisely.
Speculation can give quick gains.
But balance sheet strength builds lasting wealth.

That’s the difference I now understand.
I was wrong in Ellah Lakes.
I was wrong in Japaul Gold.
Insurance sector has opened my eyes on how companies should be assessed.
Pa Emmanuel Ewumi, you are right

Byankee:
Major dividends announcements to start from next week.....MTN, Dangote cement, Seplat etc

Sweet week ahead

Transcorp BM is Monday. Dividend announcement should be out next week.

Challenges in Leadership and Strategy Among Select NGX-Listed Companies: A Shareholder Perspective
In the Nigerian Exchange (NGX), certain CEOs have drawn scrutiny from investors due to perceived issues around corporate governance, accountability to shareholders, and strategic diversification. Three notable examples often discussed in investor circles include:

Jubril Adewale Tinubu of Oando Plc

Chuka Mordi of Ellah Lakes Plc

Paul Jegede (associated with Japaul Gold & Ventures Plc, formerly Japaul Oil & Maritime Services Plc)

A common thread in critiques of these leaders involves aggressive diversification into new sectors, sometimes outside core competencies, alongside questions about shareholder communication and capital allocation.

For instance, Oando Plc under Wale Tinubu has pursued major acquisitions, such as the NAOC assets (formerly linked to ConocoPhillips interests), while exploring ventures in areas like electric vehicles, solar energy, and upstream oil expansions. The company has faced historical governance concerns, including past SEC investigations and settlements (e.g., related-party transactions and director bans in prior years), though recent reports indicate resolutions and a focus on energy sector growth. Oando recently applied for a proposed rights issue of approximately ₦220.8 billion (offering 1 new share for every 2 held at ₦50 per share) to strengthen its capital structure amid volatile performance in 2025.

Ellah Lakes Plc, led by Chuka Mordi, operates in agribusiness with ambitions in palm oil, livestock, and related processing. The company has experienced prolonged periods of limited revenue and operating losses, attributed to scaling challenges, high expenses, and project delays (e.g., plantation development and mill installations). A recent ₦235 billion public offer failed to meet subscription thresholds, though management has emphasized ongoing operational milestones, asset strength (e.g., significant property, plant, and equipment), and a path toward profitability through efficiency gains and potential acquisitions like ARPN.

Japaul Gold & Ventures Plc (under Paul Jegede's foundational leadership, though recent board changes include a new chairman) has shifted from oil and maritime services to gold mining and solid minerals. This diversification followed lower demand in traditional sectors, with the company pursuing vertical integration into processing and production.

Additionally, Nonso Okpala of VFD Group Plc warrants monitoring. While the company showed strong recovery (e.g., a significant profit turnaround in 2024 and growth in subsequent periods), its strategy includes heavy reliance on capital raises (e.g., a ₦50.7 billion rights issue launched in late 2025 to fund pan-African expansion) and debt instruments like commercial paper. Critics note ambitious global plans despite core-market execution.

Investor Considerations
A well-managed company with competent leadership often outperforms one with weaker oversight, regardless of underlying assets. Frequent strategic pivots, leverage, and capital raises can signal ambition but also introduce execution risks and dilution concerns. Investors should approach investments in these names cautiously, treating them as higher-risk or speculative plays pending clearer evidence of sustainable value creation and improved shareholder returns.
This analysis reflects publicly available information and market sentiment as of early 2026. It is not investment advice; readers should conduct independent due diligence, review official filings, and consult financial advisors.

faoogoke:
I am very sure the insurance sector has nothing special to offer post recapitalisation.
The top players are doing well but how much further can their share prices go plus the stingy dividend pay out.
Insurance is a no go area for me and my household.

I understand your concern, but I think the insurance sector is being looked at too narrowly.
Recapitalisation is not just about raising capital — it changes the entire structure of the industry. It forces weaker players out, strengthens balance sheets, improves underwriting capacity, and increases investor confidence. That alone can trigger re-rating.
You mentioned the top players are already doing well. That’s actually the point. Strong companies with growing shareholders’ funds and improved earnings don’t stay undervalued forever. When capital adequacy improves and earnings visibility increases, valuation multiples expand.
As for dividends, insurance in Nigeria has historically underpaid because many companies were undercapitalised. Post-recap, with stronger retained earnings and capital buffers, payout policies can improve. You can’t judge future dividend potential based on the weak structure of the past.
Also, price appreciation often comes before dividend generosity. Many investors made multiples in banking stocks years ago before dividend yields became attractive.
Right now, what makes insurance interesting is:
Strengthening balance sheets
Earnings improvement
Regulatory clarity
Sector rotation from overvalued stocks
It may not be for everyone, but dismissing it entirely might mean missing the early part of a structural re-rating cycle.
Sometimes the best returns come from sectors people are ignoring.

...

yMcy56:
Pa Emma na senior boss o.
....and it's not an attack on you or anyone, just speaking my own opinion too....with the believe that you understood well how things works in our market.
You all have your points as well.

I won't be surprised if we don't have any such dip in Ellah price as many may have expected.
We have different participants with different views on investing......
Ellah didn't even close on full offer on Friday but, let's see how Mr. Market treats the news......
I rest my case and waka jejely.

🚶🚶🚶🚶

CRYPTO/STOCKS lesson for emotional traders (AKA hype chasers)

One of the clearest signs that you entered a project for the wrong reasons is this: you sell simply because the hype dies down.

If your conviction is tied to noise, engagement metrics, or momentary excitement, then you never truly invested, you speculated. And speculation without understanding is gambling dressed up as strategy.

You should never buy a COIN /SHARE because it is trending.
You buy because you have done your research.
You buy because you understand the narrative.
You buy because you see scalability.
You buy because you believe the fundamentals can sustain growth beyond temporary attention.

Hype is emotional.
Conviction is intellectual and strategic.

Strong communities reveal themselves during down cycles. Anyone can look united during green candles. The true test of a project is how the builders, holders, and leaders behave when momentum slows. A community that continues building, educating, and strengthening itself in quiet seasons is a community worth long-term capital.

I accumulate in bear markets.
I do not chase pumps in bear markets.

There was a time in CRYPTO /SHARES when people bought assets and held them for five years because they understood the long-term thesis. Today, many enter with a “degen” mindset, high risk, no research, no patience and when volatility does what volatility naturally does, they look for someone else to blame.

Influencers are not your financial guardians.
No one is obligated to send you a personal buy signal.

Personal responsibility is the first rule of investing.

If you cannot articulate why you bought something, beyond “it was moving” then you are not investing, you are reacting. And reaction-based trading almost always transfers wealth from the impatient to the disciplined.

Markets reward conviction backed by knowledge.
They punish emotion backed by noise.

Choose which side you want to stand

COPIED

Streetinvestor2:
I have been laughing so loud about kpakus as I named it.I cannot believe my eyes from all the deceivers here new position/post on the same kpakus they all ganged up to crucify me in the past.You all should all hide your faces in shame.I don't know how to pretend .

I won't be surprised this week for kpakus to only be seeing offer no bid when the news spread enough and people will be trapped

That is true, nobody is giving it up for street, he was the loudest voice that was exposing Chuka's game including naming it 'Kpakus' now he has been vindicated.
Even though he made me to cautiously buy only 1million units at 3.14 thereby stopping me from exiting with a larger loot sha.

So cowboys repent? Just like OTEDOLA and TONY 😂

Valthegreat:
Oga Emma drawing his pound of flesh.
You wan drag SonofEllyon out like tiger generator.
I don't know you are like this o! LOL!

Lessons learnt, next time don't hype for a cowboy, they hardly change. Those in JAPAULGOLD take note, don't trust Jegede with full chest until he shows working, he is a cowboy too.

Valthegreat:
That is true, nobody is giving it up for street, he was the loudest voice that was exposing Chuka's game including naming it 'Kpakus' now he has been vindicated.
Even though he made me to cautiously buy only 1million units at 3.14 thereby stopping me from exiting with a larger loot sha.

Yes, the Streetman was a pain in their neck. Even though, i don't like his method. But he fought Ellah Lake with a passion. That is what i call integrity. He never want people to pay school fees on this stock.

megawealth01:
I missed Zuchi because I was busy with other money matters. CHAI. I don't like missing such opportunities especially when I broker dropped messages for me as regards that..Got to findout later

Do you really think you could have gotten more than 2m units? Given that the entire Os is 600m units and brokers also matkettted to other people.

So N18 net gains on 2 million units is just about $26k.

I would say that's too lean to matter to your portfolio size.

Cos you should be making much more on a daily basis given your portfolio size.


My point is, someone like you shouldn't actually be pained concerning Zichis, cos the max you could have made is still a negligible amount.

yMcy56:
Pa Emma na senior boss o.
....and it's not an attack on you or anyone, just speaking my own opinion too....with the believe that you understood well how things works in our market.
You all have your points as well.

I won't be surprised if we don't have any such dip in Ellah price as many may have expected.
We have different participants with different views on investing......
Ellah didn't even close on full offer on Friday but, let's see how Mr. Market treats the news......
I rest my case and waka jejely.

🚶🚶🚶🚶

MCY this one you came last last did you wait to exit your ELLAH holdings before talking about it?
You haven't said anything about your own ELLAH portfolio?

awesomeJ:
Do you really think you could have gotten more than 2m units? Given that the entire Os is 600m units and brokers also matkettted to other people.

So N18 net gains on 2 million units is just about $26k.

I would say that's too lean to matter to your portfolio size.

Cos you should be making much more on a daily basis given your portfolio size.


My point is, someone like you shouldn't actually be pained concerning Zichis, cos the max you could have made is still a negligible amount.

He needs serious connection to get 500k units

emmanuelewumi:
He needs serious connection to get 500k units

Wow.. connection again?

Why didn't the promoters of the business just list at N7 or higher if they had such strong reception that would make their stock require connection to get 😁

megawealth01:
So cowboys repent? Just like OTEDOLA and TONY 😂

Those two are already in the billionaires club. Jegede, Wale and Chuka want to join the club with gragra, e don hook Chuka and will soon hook Jegede because one has exposed the other and now investors are wiser.
However, Wale's case is different because one order from above can settle his matter that's why I have jumped into his ship to ride until the 'fundamentals' change.

Waiting for the guys trying to raise N500 billion from investors.


The way these guys dey call money sef

August 31, 2025:

ProphetUtuocha:
Vision Concerning Ellah

I was lifted in the night, and I beheld Ellah as a tall cedar planted by the waters. Her branches spread wide, and the birds of the air found shade in her leaves. Men looked and said, ‘Behold Ellah, strong and unshakable!’

But suddenly a great wind arose from the east, and the roots of the cedar were revealed. They were shallow, feeding not on rock but on dust. And the tree trembled, and its branches snapped, and the birds fled in terror.

Then I saw merchants in the marketplace. They carried scales in their hands, yet the weights were false. They shouted loudly of profit, but their baskets were empty. A voice cried out: ‘Woe to those who trust in Ellah! For her height is pride and her fruit is vanity.’

And it came to pass that fire struck the cedar, and it fell with a crash heard in the farthest cities. Those who traded in her shade tore their garments and cast dust upon their heads, saying, ‘Alas, who shall restore Ellah?’

But to the humble I heard a whisper: ‘Fear not. Though the cedar has fallen, I will be your shelter. Though the market shakes, my rock shall not be moved.’

Note: that which has been revealed has been unveiled. Those who have ears, let them hear!

Gurus are not condemning the Zichis "manipulation".
They're lamenting that they narrowly missed the bus.

Nsempa no go kee pesin.

Cool. Can you describe a plausible path forward for Ellah as a business? If you were CEO, what would you do specifically to justify the current valuation, which assumes massive, near-term earnings growth?

Princkez:
Everyone is now claiming they sold ellahlakes before now to buy other stocks.. Me I still stand with ELLAHLAKES not selling a single unit, just the way we did with FBNH @#3+ see FBNH today.

Odunharry:
Kindly try again later.
For the share transfer form, you may want to contact your brokers. They will be the one to send to your registrars

Please what is the purpose of the share transfer form.

I want to believe it is as the name implies. All share were bought through my broker so who am i transferring them to

Abeg educate me, I be amateur stock trader.