Omooloriredade:


You could take the above to the bank until the meeting at the farm happened. Apparently, CBO still has more shares to offload but rather than let it drag on for too long (tight band above N3), arranged an investor presentation with stockbrokers only. How is that even allowed? Next trading day after meeting, SP starts to climb with huge volumes. It's not dumping. Ellah Lakes is attempting to meet free float requirement by distributing its shares. CBO and Brokers will determine how the stock trades until there is significant news. They believe it's cheap due to its higher Net Asset Value per share and the what has been achieved so far on the "audio" farm. Na them sabi.

Roll call of attendees below. Did anyone's face look familiar? Would someone be kind enough to find out the Private placement price please?

I know Ellah Lakes directors opted for a portion of their salary in shares. Bullish!!! Quite a positive except that Mr Chuka is on a very FAT salary for a company with little to no revenue. Anyway, the future appears bright so can be overlooked.

Disclaimer - Not a buy or sell recommendation.

See job men.Even bulaba wife did better with her vegetables farm story.None of them reason the matter it would have been better taking the picture in the palm plantation. This way we for see how big the palm trees don reach and make good judgement.

Very soon it would be Elleh lake who are you as testimony

Ginalex:
Nascon and Dangsugar dey dip even more

I just tire... Those two stocks dey carry me go where I no know

Streetinvestor2:
See job men.Even bulaba wife did better with her vegetables farm story.None of them reason the matter it would have been better taking the picture in the palm plantation. This way we for see how big the palm trees don reach and make good judgement.

Very soon it would be Elleh lake who are you as testimony

LMFAO!! You're a comedian smh.

Just remain for you to carry microphone

Streetinvestor2:
See job men.Even bulaba wife did better with her vegetables farm story.None of them reason the matter it would have been better taking the picture in the palm plantation. This way we for see how big the palm trees don reach and make good judgement.

Very soon it would be Elleh lake who are you as testimony

If they had done that bid could have been massive....they don't want you to see the farm now till they are done mopping, oga the farm biggggg

designking:

I just tire... Those two stocks dey carry me go where I no know

You are a chosen

megawealth01:

It's like some money bags are just flipping round some stocks.... It is well o

ojeysky:


It's like some money bags are just flipping round some stocks.... It is well o

Exactly, them dey run Pump and Dump things. People no get choice but to follow the money. Na Gamblers dey enjoy this market pass😂.

ojeysky:


It's like some money bags are just flipping round some stocks.... It is well o

Season levels

2zona:


Most likely another bad result from sugar being priced in, and poor or no dividends from salt.

But salt paid interim dividend of N1 towards last year end and give a bonus of 1 for every 50 units of share this year

EFCC’s raid of our office Intended to embarrass us – Dangote

https://punchng.com/efccs-raid-of-our-office-intended-to-embarrass-us-dangote

Dangote: NNPC Made Huge Mistake By Reducing Stake In Our Refinery From 20% To 7%

https://www.thisdaylive.com/index.php/2024/09/24/dangote-nnpc-made-huge-mistake-by-reducing-stake-in-our-refinery-from-20-to-7-2/

USAfall2024:

Exactly, them dey run Pump and Dump things. People no get choice but to follow the money. Na Gamblers dey enjoy this market pass😂.

Gamble responsibly ooooo

Move your loots to formidable investments

yMcy56:

You're very correct.
...and I didn't even made the post against FCMB but in it's favour, so that the rally can be sustained.

If to say you'd been following some of my posts, you would have read where I talked about similar thing you said......

For instance, if UBA should start rallying, expect ACCESS to also follow.....(and vice versa)
When you see DS moving, expect NS......
GT, expect ZEE...
And the pairs goes on and on....

FCMB has released great results so far.......
I expect Q2 to also be great, all things being equal.

I understand.

My own post was not to oppose you but to contribute to the conversation and help keep the house warm.

I know you as among our top, extremely market wise resource persons here.

sterlingD:


But salt paid interim dividend of N1 towards last year end and give a bonus of 1 for every 50 units of share this year

That was for 2023 financial year.

Streetinvestor2:
Elleh lake must go up by fire by thunder. I am waiting till berekete family will announce it or nse will ring the opening bell at the farm..lol

Offer side loading tomorrow

I saw it in Transcorp buying at +/- N1.00 with traders and what looks like MH upandan. But today Transcorp has left the N1.00 territory.

I am selecting Ellah lakes based on the fact that from Ondo state to Cross Rivers state is a fertile land that has huge comparative advantage for Palm Oil. Infact when the British called PH, "Oil Rivers", they were referring to Palm Oil rivers (not crude oil as some may erroneously think). PRESCO and OKOMU have demonstrated how great Palm Oil is under good company management. Also the Western region in the days of Pa Awolowo planted the biggest Oil Palm plantation at Okitipupa in current Ondo state. And it was listed on the Nigerian Stock Exchange till kleptomaniac management ruined the whole set-up. With Good management Palm Oil is gooooood. I pray Ellah lakes takes off this time.

Ginalex:
Nascon and Dangsugar dey dip even more

The Q3 result of DS and NASCON will not be as bad as the Q1 and Q2. The two companies will have better Q3.

crownprince2017:


I bought 350k units when there was massive dumping sometimes this year at 2.86.
The goodies in ellahlakes is not known to many, they will scrambled for it at 150 in two years time..just watch out with alot of patience. someone even named me their agent, no problem, they will soon come with fundamentals after he don't fly finish just like they are doing in presco now.

Buffet said accounting number is one of the beginning to value a company and not everything.

Even in a sophisticated economy like USA, numbers still get cooked and investors got duped.

I have already share my thoughts on Oil Rivers

As you quote Buffet let me refer to Peter Lynch also. In my own words, his view is that essoteric calculations are not needed for spotting the 5, 10, 50 & 100 baggers, but by just observation and awareness of companies around one and to see what's cooking in them and what prospects lie ahead.

To me Nigeria has a huge un-tapped oil rivers from Ondo to Calabar.

Amen

ndept:
The Q3 result of DS and NASCON will not be as bad as the Q1 and Q2. The two companies will have better Q3.

ndept:
The Q3 result of DS and NASCON will not be as bad as the Q1 and Q2. The two companies will have better Q3.

I really hope so

2zona:

That was for 2023 financial year.

has any company paid for 2024 financial year? NO

so that's the current one

vacanci:


has any company paid for 2024 financial year? NO

so that's the current one

Nascon should just be trying small small to be paying dividend even if Dangsugar doesn't... It's good for my mental health

Ginalex:
Nascon should just be trying small small to be paying dividend even if Dangsugar doesn't... It's good for my mental health

Don’t worry.
Alhaji is on the wheels.
Reminds me of Dangote flour days.
When all seemed lost with Dangflour dropping to sub N1 that year, Alhaji negotiated a deal to sell to a South African company to the excitement and gain of minority shareholders.
Afterwards, he bought it back for how much sef… $1 or something ridiculous.
Again, the company was revived and started doing well , then got sold again to Olam for N120 billion and got delisted from the then NSE in October 2019.
In both transactions, minority shareholders were properly taken care of. I follow enjoy the booty.
Alhaji will always cook.

Ginalex:
Those of us that picked UBA sometime in 2nd quarter ending at 19 gather let's take a selfie 🤳🤳🤳

What should those that picked Caverton at 1.3 now say eh...or are you just referring to dividends alone

OakPearl:

Don’t worry.
Alhaji is on the wheels.
Reminds me of Dangote flour days.
When all seemed lost with Dangflour dropping to sub N1 that year, Alhaji negotiated a deal to sell to a South African company to the excitement and gain of minority shareholders.
Afterwards, he bought it back for how much sef… $1 or something ridiculous.
Again, the company was revived and started doing well , then got sold again to Olam for N120 billion and got delisted from the then NSE in October 2019.
In both transactions, minority shareholders were properly taken care of. I follow enjoy the booty.
Alhaji will always cook.

💯

BabsO2:


I have already share my thoughts on Oil Rivers

As you quote Buffet let me refer to Peter Lynch also. In my own words, his view is that essoteric calculations are not needed for spotting the 5, 10, 50 & 100 baggers, but by just observation and awareness of companies around one and to see what's cooking in them and what prospects lie ahead.

To me Nigeria has a huge un-tapped oil rivers from Ondo to Calabar.

100 baggers gag..no time to shalaye, if they don't believe in the project they should not bad mouth it with flimsy excuses. Just buy what works for you.

SonofElElyonRet:
Suspension lifted.. on bid.. how far is regency alliance likely to go?

Not known yet.......but I guess e go Waka up up more.
Hold if you have it.

CAVERTON

https://doclib.ngxgroup.com/Financial_NewsDocs/CAVERTON_DISCREPANCIES_IN_UNAUDITED_FINANCIAL_STATEMENT.pdf

I guess this was the reason for today's dip

crownprince2017:


100 baggers gag..no time to shalaye, if they don't believe in the project they should not bad mouth it with flimsy excuses. Just buy what works for you.

Which flimsy excuses. You still dey learn job.They invite you all to come see farm. You all gather after for car park go take pictures. Which kind street sense be dat.This was how I raised alarm about dangota rice during proposed marger.why didn't they take pictures to show the growth level of the different crop.we have seen how many digital agriculture trended in the past on social media.I personal have gone to Numan to see dangota sugar farm.They didn't need to take all those hustlers for paparazzi. They wound have done a video documentary of the farm like
dangota refinery and post on media houses for HATERS like me to see .In farm business it is not just immediate financials.Show the world this biological assets and let them see the possible time it would start yielding results and decide

KarlTom:
CAVERTON

https://doclib.ngxgroup.com/Financial_NewsDocs/CAVERTON_DISCREPANCIES_IN_UNAUDITED_FINANCIAL_STATEMENT.pdf

I guess this was the reason for today's dip

Na wa o..
One of the rare reasons Audited statements should be more considered..
But no one will want to miss out on key entry price why waiting for audited..
Cuz 9 times out of 10, companies audited results are always in harmony with unaudited.

Buh who be carverton interal auditors sef?

FLOUR MILLS

https://doclib.ngxgroup.com/Financial_NewsDocs/42176_FLOUR_MILLS_OF_NIGERIA_PLC-_NOTICES_OF_COURT_ORDER_MEETING_(COM)_-__COURT_ORDER_MEETING_(COM)_SEPTEMBER_2024.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/FMN_-_PRESS_RELEASE_ON_SCHEME_OF_ARRANGEMENT.pdf

REGENCY
Corporate Action.....

https://doclib.ngxgroup.com/Financial_NewsDocs/42175_REGENCY_ALLIANCE_INSURANCE_PLC-CORPORATE_ACTION_ANNOUNCEMENT_CORPORATE_ACTIONS_SEPTEMBER_2024.pdf

Streetinvestor2:
Which flimsy excuses. You still dey learn job.They invite you all to come see farm. You all gather after for car park go take pictures. Which kind street sense be dat.This was how I raised alarm about dangota rice during proposed marger.why didn't they take pictures to show the growth level of the different crop.we have seen how many digital agriculture trended in the past on social media.I personal have gone to Numan to see dangota sugar farm.They didn't need to take all those hustlers for paparazzi. They wound have done a video documentary of the farm like
dangota refinery and post on media houses for HATERS like me to see .In farm business it is not just immediate financials.Show the world this biological assets and let them see the possible time it would start yielding results and decide

Hmm, seeing is believing they say. But you think they are so dumb to gather this pool of persons on the basis of deceit. Failure to lay it bare can be considered a strategy. My Naija street sense tells me, flee when there is too much paparazzi.

yMcy56:
FLOUR MILLS

https://doclib.ngxgroup.com/Financial_NewsDocs/42176_FLOUR_MILLS_OF_NIGERIA_PLC-_NOTICES_OF_COURT_ORDER_MEETING_(COM)_-__COURT_ORDER_MEETING_(COM)_SEPTEMBER_2024.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/FMN_-_PRESS_RELEASE_ON_SCHEME_OF_ARRANGEMENT.pdf

After staying Static last year's between at 30-35 during the Great Bull run of 2023.

Now Managing just only 60-70% wrt inflation and buyout info, suddenly wants to delist at ₦70..

Flourmill has been grossly undervalued in the stock market cuz of their low dividend payout rate.

Now na to disappear at 70?..
They are bigger than this, even with the OS

Verdict: Unfair