phadriz:
Akpata lost election and he is no going for tribunal. Hold your ELLAHLAKES tight to your chest. Politics is part of NGX. Ask Trancorp, Oando & Caverton investors

faoogoke:

Ellah Lakes don dey tear race.

Something is obviously cooking

phadriz:
Akpata lost election and he is no going for tribunal. Hold your ELLAHLAKES tight to your chest. Politics is part of NGX. Ask Trancorp, Oando & Caverton investors

phadriz:

Immediate past chairman, he resigned because of election

yMcy56:

No info on IEI yet....
The Registrar doesn't seems to have updated info either.
Maybe the buyout price met some bricks who knows.

yMcy56:
...
Cant lay hands on the post which says Fidelity may achieve tier-1 bank status when it was selling @2.30 or so, that, though it's difficult, the journey may be long but it's achievable.
Let's hope they keep delivering Y-o-Y and keep improving in their performances yearly.

**Not any form of advice**

lexy2lexy:
I’m yet to receive Zenith interim dividend. Is there any other person yet to receive

Panadee:


Same here. I sent an email today to customercare@veritasregistrars.com but it 'bounced back'.

I then sent an email to enquiry@veritasregistrars.com but there has been no acknowledgment of receipt.

Same thing happened to me with the 2023 dividend payment but the email I sent to their customer care was replied and the dividend paid within a week or so.

yMcy56:

January 26, 2023 post.......
The post referred to in this post was actually for 2022
....
No be small thing to be a faithful disciple and a student when those Oracle bosses were still active here........me self don try. 😁

FIDELITY in market today as at now.......
Full bid @14.95!!
ACCESS getting another twin brother?
Make Una dey arrange Unaself. 😁

Panadee:


Madam, do you have an untapped gift of prophecy ?!

BullBearMkt:
Prophetic Analysis (PA)

BullBearMkt:

Prophetic Analysis (PA)

olig:
I subscribed to Fidelity's public offer, please, any idea on when I will be credited?

olig:
I subscribed to Fidelity's public offer, please, any idea on when I will be credited?

ojeysky:


Well with Naija politics ellahlakes faith may be hanging, nothing can be certain yet.

KarlTom:
Same with Asue Ighodale (NB).

yMcy56:

January 26, 2023 post.......
The post referred to in this post was actually for 2022 (or maybe 2021, can't remember again)
....
No be small thing to be a faithful disciple and a student when those Oracle bosses were still active here........me self don try. 😁
Na so so abuse these NSEMPAs dey abuse me that time..

FIDELITY in market today as at now.......
Full bid @14.95!!
ACCESS getting another twin brother?
Make Una dey arrange Unaself. 😁

** because I mention it now, ACCESS make you no find all means to drag Fidelity price down o.

jonnysessy:


No idea bro. This thing take sometime. You have to be patient, i just hope you are not thinking of taking profits. That is the little disadvantage of buying primary offers.

Panadee:


Same here. I sent an email today to customercare@veritasregistrars.com but it 'bounced back'.

I then sent an email to enquiry@veritasregistrars.com but there has been no acknowledgment of receipt.

Same thing happened to me with the 2023 dividend payment but the email I sent to their customer care was replied and the dividend paid within a week or so.

lexy2lexy:
I’m yet to receive Zenith interim dividend. Is there any other person yet to receive

USAfall2024:

I did exactly this (submitted complaint to both emails) but didn’t receive any acknowledgment mail. But their credit alert just entered. So it’s all good now🫶🏼.


I just received mine now.

lexy2lexy:
I’m yet to receive Zenith interim dividend. Is there any other person yet to receive

Panadee:


Same here. I sent an email today to customercare@veritasregistrars.com but it 'bounced back'.

I then sent an email to enquiry@veritasregistrars.com but there has been no acknowledgment of receipt.

Same thing happened to me with the 2023 dividend payment but the email I sent to their customer care was replied and the dividend paid within a week or so.

yMcy56:

January 26, 2023 post.......
The post referred to in this post was actually for 2022 (or maybe 2021, can't remember again)
....
No be small thing to be a faithful disciple and a student when those Oracle bosses were still active here........me self don try. 😁
Na so so abuse these NSEMPAs dey abuse me that time..

FIDELITY in market today as at now.......
Full bid @14.95!!
ACCESS getting another twin brother?
Make Una dey arrange Unaself. 😁

** because I mention it now, ACCESS make you no find all means to drag Fidelity price down o.

ositadima1:
Based on current plans and progress, Ellah Lakes Plc is anticipated to commence revenue generation in 2025. Their 2,400 hectare oil palm plantation in Edo State is projected to commence oil production in 2024, and their cassava processing plant is also anticipated to be operational in 2024. Upon the operationalization of these facilities, Ellah Lakes will be able to begin selling their products and generating revenue.

Its total equity stands at 19.9 billion naira as at the end of July 2023, which has been increasing, primarily owing to land appreciation. The group has been incurring an average of 900 million naira annually to run the farm and business. I estimate that they will expend a total of approximately 2 billion naira before commencing revenue generation in 2025. This amount will be covered by land appreciation.

ELLAHLAKES possesses 5,000 hectares of land, with 2,100 hectares currently planted, while OKOMUOIL owns over 32,000 hectares of land, with 19,000 hectares planted.

Below is a simplified back-of-the-envelope calculation of what may be anticipated from ELLAHLAKES in 2025:

*Currently, OKOMUOIL generates 16.2 billion naira in profit after tax (PAT) from their 19,000 hectares.

*I project ELLAHLAKES to generate 1.8 billion naira in PAT from their 2,100 hectares proportionally.

*Assuming reduced efficiency due to ELLAHLAKES being relatively new, 0.8 x 1.8 billion naira = 1.44 billion naira in PAT.

*Earnings per share (EPS) of 1.44 billion naira / 2 = 0.72 naira.

*At the current price of 3.13 naira per share, the price-to-earnings (PE) ratio should be 4.34 compared to 14 for OKOMUOIL.

*Estimated dividend yield of (0.72 naira / 3.13 naira) x .8 = 16%.

Conclusion: If all goes well, purchasing it now or at a lower price, if feasible, would be akin to purchasing UCAP in 2020, lol.

Additionally, I have observed increased interest in the stock in the last 3 months. A stock that previously traded below 10 million naira in a month is now trading 300 million and 190 million naira monthly.