₦airaland Forum

yMcy56:
I'm beginning to think that you have a mission to see ARADEL down, maybe you're planning to accumulate and needs to badmouth it as much as possible....

Over 3bn transactions done in ARADEL today....
So who are those buying when you're aggressively marketing against it?
Why are some analysts bullish about the share price against your assertions?
Can you tell us the metrics used and your fair value so we can know where you're coming from?

I've not seen this moniker's comment here before now....
Can you tell us what your previous moniker is if you don't mind?

Yoursfaithful:
...so whats the difference between your oando and japaulgold..na the same surname dem dey bear

Both are claiming June 30th for release of Q1 result so I think i can still get oando at 40naira junction also..

yMcy56:
I'm beginning to think that you have a mission to see ARADEL down, maybe you're planning to accumulate and needs to badmouth it as much as possible....

Over 3bn transactions done in ARADEL today....
So who are those buying when you're aggressively marketing against it?
Why are some analysts bullish about the share price against your assertions?
Can you tell us the metrics used and your fair value so we can know where you're coming from?

I've not seen this moniker's comment here before now....
Can you tell us what your previous moniker is if you don't mind?

Yoursfaithful:
...so whats the difference between your oando and japaulgold..na the same surname dem dey bear

Both are claiming June 30th for release of Q1 result so I think i can still get oando at 40naira junction also..

KarlTom:
ELLAH

https://doclib.ngxgroup.com/Financial_NewsDocs/202606_ELLAH_LAKES_OPERATIONAL_UPDATE.pdf

megawealth01:
First Bank MD Receives Bullet As Parcel From Unknown Debtor

Naija sha

Jaakay:
I dont see this notice on ngx. Can you post the link? It looks fake.

SonofElElyonRet:
from the stock exchange
📌 Ellah Lakes Restructures Balance Sheet: 2.25 Billion New Shares Listed After ₦6.3bn Debt-to-Equity Conversion

📊 Overview: What Happened?

Ellah Lakes Plc has completed a major financial restructuring, converting debt into equity and listing the newly created shares on the Nigerian Exchange (NGX).

👉 This is known as a Debt-to-Equity Conversion

🧠 Simple Meaning (In Plain Terms)

Instead of repaying ₦6.3 billion in debt with cash, Ellah Lakes:

Converted that debt into company shares
Gave lenders/investors ownership in the company
Listed those shares on the stock market

💰 Key Transaction Details

🔹 1. Debt converted

Total debt converted: ₦6.306 billion
Conversion price: ₦2.80 per share

🔹 2. New shares issued

2,252,142,858 new ordinary shares
Each share: 50 kobo unit value

🔹 3. Listing date

23 June 2026
Listed on the Nigerian Exchange (NGX)

📊 Impact on Share Capital

Before listing:

3,858,173,678 shares

After listing:

6,110,316,536 shares

👉 Increase of about:

2.25 billion new shares added

⚖️ Why companies do this

Debt-to-equity conversion is usually done to:

Reduce debt burden
Improve financial stability
Strengthen balance sheet
Avoid cash repayment pressure
Attract long-term investor confidence

📉 What this means for shareholders

✔ Positive sides:

Company becomes less debt-heavy
Financial structure becomes more stable
Better long-term sustainability

⚠️ Possible downside:

Share dilution
Existing shareholders now own a smaller percentage of the company
Earnings per share may reduce in the short term

📌 Market Interpretation

This type of listing is typically seen as:

A financial restructuring move
Not necessarily a bullish or bearish signal on its own
Its impact depends on:
Future profitability
How efficiently the company uses reduced debt pressure

🧾 Bottom Line

Ellah Lakes has essentially:
👉 Converted debt into equity
👉 Increased its share base significantly
👉 Strengthened its balance sheet but diluted ownership

SonofElElyonRet:
Saying site can't be reached. Can you screenshot please? Or download and post?

SonofElElyonRet:
Saying site can't be reached. Can you screenshot please? Or download and post?

Yoursfaithful:
https://files.japaulgroup.com/archive/public/docs/DELAY_IN_FILING_OF_AFS.pdf

mikeapollo:
Must you always be talking with AI on something as sensitive as your money? AI cannot be your witness or evidence in court!
Just walk into the office or branch of the issuing house(s) or banker(s) or registrars for the Rights Issue as indicated in the Prospectus.
If you pay through them, ensure you keep records of the transaction e.g. transfer receipt, cheque etc. for future reference or evidence

ppogba:
Oga Mega, this is just nothing but sensational heading.

What makes people think it is a debtor that sent it? If it, the debtor should enrol in the school of stupidity.

It is only the ignorant that will believe it is from a debtor.

Yoursfaithful:
SEC Halts Dangote Refinery IPO Promotions, Warns Investors https://share.google/2mwftRald12NAsqtj

essentialone:
If you are interested in Royal Exchange Assurance Plc Public Offer shares, get your cash ready to buy it at N1.30. Should we expect the similar type of Price Rally that happened during the Public Offer period of IEI Insurance Plc? We watch and wait...

SonofElElyonRet:
from the stock exchange
📌 Ellah Lakes Restructures Balance Sheet: 2.25 Billion New Shares Listed After ₦6.3bn Debt-to-Equity Conversion

📊 Overview: What Happened?

Ellah Lakes Plc has completed a major financial restructuring, converting debt into equity and listing the newly created shares on the Nigerian Exchange (NGX).

👉 This is known as a Debt-to-Equity Conversion

🧠 Simple Meaning (In Plain Terms)

Instead of repaying ₦6.3 billion in debt with cash, Ellah Lakes:

Converted that debt into company shares
Gave lenders/investors ownership in the company
Listed those shares on the stock market

💰 Key Transaction Details

🔹 1. Debt converted

Total debt converted: ₦6.306 billion
Conversion price: ₦2.80 per share

🔹 2. New shares issued

2,252,142,858 new ordinary shares
Each share: 50 kobo unit value

🔹 3. Listing date

23 June 2026
Listed on the Nigerian Exchange (NGX)

📊 Impact on Share Capital

Before listing:

3,858,173,678 shares

After listing:

6,110,316,536 shares

👉 Increase of about:

2.25 billion new shares added

⚖️ Why companies do this

Debt-to-equity conversion is usually done to:

Reduce debt burden
Improve financial stability
Strengthen balance sheet
Avoid cash repayment pressure
Attract long-term investor confidence

📉 What this means for shareholders

✔ Positive sides:

Company becomes less debt-heavy
Financial structure becomes more stable
Better long-term sustainability

⚠️ Possible downside:

Share dilution
Existing shareholders now own a smaller percentage of the company
Earnings per share may reduce in the short term

📌 Market Interpretation

This type of listing is typically seen as:

A financial restructuring move
Not necessarily a bullish or bearish signal on its own
Its impact depends on:
Future profitability
How efficiently the company uses reduced debt pressure

🧾 Bottom Line

Ellah Lakes has essentially:
👉 Converted debt into equity
👉 Increased its share base significantly
👉 Strengthened its balance sheet but diluted ownership

Yoursfaithful:
SEC Halts Dangote Refinery IPO Promotions, Warns Investors https://share.google/2mwftRald12NAsqtj

deathwing:
Them never even file?

Valthegreat:
Honestly I want to sue this AI, please which court can I go to? Imagine AI editing the account name to remove UBA and giving me only 'RIGHT ISSUE ACCOUNT NUMBER' so as to cover the lie in her response like PETERICHY. The account was used by United Capital during UBA right issue and read: 'UBA RIGHT ISSUE ACCOUNT NUMBER' but madam AI edited it. Honestly, I thought only PETERICHY and LOCO could do that

I have already submitted my form to
Morgan, I wanted to just pay by direct transfer to the registrar if possible but AI decided to catch cruise with me.

Yoursfaithful:
SEC Halts Dangote Refinery IPO Promotions, Warns Investors https://share.google/2mwftRald12NAsqtj

KarlTom:
Another classic Maradona move by ELLAH mgt.

The ₦7.066bn payables to related-parties is what they converted. While I have no issues with debt to equity, I am unable to fathom WHY the d2e was done at a meagre ₦2.80
Since the so-called funds were received in November 2025 (SP was circa ₦10.80), WHY convert it to equity at ₦2.80?
(that's a 'PREMIUM REWARD' of ₦8.00 for a failed acquisition)

See Note 15.3 of the AFS '25

Utter woke n0nsense!

jckgroup1:
What my TradInvestor Boss bought at 35cents, we are buying at 50-60cents.

I celebrate all NSEMPA Audio Billionaires.