Agbalowomeri:


Bonus after reconstruction

I don't know why they want to go this way.I thought they cancelled it.They should have just sticked to div alone

BabsO2:
https://doclib.ngxgroup.com/Financial_NewsDocs/42078_ELLAH_LAKES_PLC.-ELLAH_LAKES_PLC-PRESS_RELEASE_ON_Q4_UNAUDITED_FINANCIAL_STATEMENT_CORPORATE_ACTIONS_AUGUST_2024.pdf

I calculated a book value of N 7.75 for Ellah Lakes. It looks so good.
Abeg please can someone double check. Perhaps I made an error.

I don't want to compare with PRESSCO or OKOMU book value yet till I get a cross-check

Shey na Equity/OS?
Then, it seems you are right on BV per Share.

designking:

What website do you track these bids and offers

Morgan live trade

In a sane clime, shareholders are supposed to sue Caverton for this punishment they are receiving

Plus or minus
10% cap on prices.
Prices can't change more than
that during a single trading day
on the NSE.

designking:
Is this an error from Blomberg? Can a stock price grow over 20% on the NGX per day?

Ellah Lakes price this morning seems strange

unite4real:
In a sane clime, shareholders are supposed to sue Caverton for this punishment they are receiving

supported.I will say it was deliberate for some people to off load

naturalflow:
Agric period! From ellahlakes they have started mopping Ftncocoa!

Maybe this
https://www.cnbcafrica.com/media/6361093934112/laoye-talks-between-copan-nafdac-on-2024-export-regulation-bill-underway/

But wnat about this
https://thewhistler.ng/ftn-cocoa-heads-for-insolvency-as-liabilities-hit-n16-9bn/

Streetinvestor2:
ok BV in the positive based on asset/liability. Why is the retained earnings still heading south

ositadima1:

Why is the total equity heading north for a company that is not generating revenue? Even before the right issue.

Asset in the Oil Palm Agric business even has a way of creeping up as seen from historical records of PRESCO that I followed.
The book value I calculated is based on 2,753,786,788 ordinary shares@ ₦0.50 each.
Questions I see are solidity of the Revaluation Surplus estimate of ₦15b and if there are other shares apart from the 2,753,786,788 ordinary shares that may show up as a result of stock split or whatever.

unite4real:
In a sane clime, shareholders are supposed to sue Caverton for this punishment they are receiving

Not just shareholders but Regulators..
But this is Nigeria Sir.
we will get there gradually...

Streetinvestor2:
supported.I will say it was deliberate for some people to off load

This game is played on the NGX a lot

BabsO2:


Asset in the Oil Palm Agric business even has a way of creeping up as seen from historical records of PRESCO that I followed.
The book value I calculated is based on 2,753,786,788 ordinary shares@ ₦0.50 each.
Questions I see are solidity of the Revaluation Surplus estimate of ₦15b and if there are other shares apart from the 2,753,786,788 ordinary shares that may show up as a result of stock split or whatever.

No wahala. Thr is positive things in the results. I had expected that to show positive in retained earnings or flat but not going further south. The audited result will show more true colour. I hope they are not copying flour mill kind of yeye results. Top will be fantastic but bottom will be nothing to appreciate

Revaluation of biological asset in that sector can give asset mad value in short space mostly when the trees are at optimal stage. That is why you have to continue replanting because the initial ones get to a stage and begin to decline

It's played everywhere.
When examining Bills of Quantities for projects, we see a lot of these...

unite4real:


This game is played on the NGX a lot

chimex38:

Shey na Equity/OS?
Then, it seems you are right on BV per Share.

Thanks. Questions now is validity of the Revaluation Surplus estimate of ₦15b and if there are other shares apart from the 2,753,786,788 ordinary shares that may show up as a result of stock split or whatever other things not yet recorded.

Streetinvestor2:
No wahala. Thr is positive things in the results. I had expected that to show positive in retained earnings or flat but not going further south. The audited result will show more true colour. I hope they are not copying flour mill kind of yeye results. Top will be fantastic but bottom will be nothing to appreciate

They have drained their earnings to negative through expenses. It can only turn positive till they have new earnings.

BabsO2:


They have drained their earnings to negative through expenses. It can only turn positive till they have new earnings.

Their strategy maybe quite different from Presco and Okomu.

OS is around 3B units and its likely they will do another round of recapitalization to raise fund. OS might hit 10B few years from now.

BabsO2:


They have drained their earnings to negative through expenses. It can only turn positive till they have new earnings.

Do you have idea what made up the expenses. If the expenses is not waste then no problem.



Like what I said in the past.If they had shown the farm size occupying the palm trees since they are already harvesting maginal fruit. And structure on ground to transform fruit to palm oil instead of paparazzi. It would have made better sense

Streetinvestor2:
Do you have idea what made up the expenses. If the expenses is not waste then no problem.



Like what I said in the past.If they had shown the farm size occupying the palm trees since they are already harvesting maginal fruit. And structure on ground to transform fruit to palm oil instead of paparazzi. It would have made better sense

This round is to make the "cow bois" happy, it is just to generate some excitement around the SP

Agbalowomeri:


Bonus after reconstruction

Very awkward if you ask me.
Trying to find the sense in it.

unite4real:


Their strategy maybe quite different from Presco and Okomu.

OS is around 3B units and its likely they will do another round of recapitalization to raise fund. OS might hit 10B few years from now.

I sense a likely recapitalization may be needed to buy equipment if they want to get better margins like PRESCO & OKOMU. And perhaps a reason to push the price up and match it with some positive earnings in 2024/2025
They need to get market not to under-price the worth of the business.

Streetinvestor2:
Do you have idea what made up the expenses. If the expenses is not waste then no problem.



Like what I said in the past.If they had shown the farm size occupying the palm trees since they are already harvesting maginal fruit. And structure on ground to transform fruit to palm oil instead of paparazzi. It would have made better sense

They wouldn't do that because they have have better investor who are ok with their strategy, they don't need your money, take your money else where and leave ellahlakes for us thta love them..abi na by force yo convince you.

If they convince you what would they gain?

Ellahlakes never start anything, this one na just rehearsal, let the numbers show first..

Streetinvestor2:
Do you have idea what made up the expenses. If the expenses is not waste then no problem.



Like what I said in the past.If they had shown the farm size occupying the palm trees since they are already harvesting maginal fruit. And structure on ground to transform fruit to palm oil instead of paparazzi. It would have made better sense

No idea of what made up the expenses. It should be normal expenses to keep a business going. Pay fat cats at the top and the general workforce including security personnel. Pay for electricity etc.

BabsO2:


I sense a likely recapitalization may be needed to buy equipment if they want to get better margins like PRESCO & OKOMU. And perhaps a reason to push the price up and match it with some positive earnings in 2024/2025

Maybe that explains the packing of stockbrokers to the farm

Agbalowomeri:


Maybe that explains the packing of stockbrokers to the farm

They need to get the market not to under-price the worth of the business. Our market is generally relatively underpriced for various reasons you know.

BabsO2:


I sense a likely recapitalization may be needed to buy equipment if they want to get better margins like PRESCO & OKOMU. And perhaps a reason to push the price up and match it with some positive earnings in 2024/2025
They need to get market not to under-price the worth of the business.

you are getting it.

KarlTom:
C&I LEASING


Bonus: 2 for 3. QD:4 January, 2024.
DIV: 5k per share. QD: 9 August, 2024.

https://doclib.ngxgroup.com/Financial_NewsDocs/42186_C_AND_I_LEASING_PLC.-2024_AGM_RESOLUTIONS_CORPORATE_ACTIONS_SEPTEMBER_2024.pdf

Qualifications date for bonus is Jan 2024? Na wa o

unite4real:
In a sane clime, shareholders are supposed to sue Caverton for this punishment they are receiving

Lol well it's not Caverton entirely, it's market game players. Looks like it's going back to its sub 1.5, if it gets to sub 1 Na to average down.

ojeysky:


Qualifications date for bonus is Jan 2024? Na wa o

They have already marked down the price.
It is so unfortunate that a company will declare bonus and one will be waiting for close to a year to get the bonus in one's account.

crownprince2017:


They wouldn't do that because they have have better investor who are ok with their strategy.
they don't need your money, take your money else where and leave ellahlakes for us that love them..abi na by force yo convince you.

If they convince you what would they gain?

Ellahlakes never start anything, this one na just rehearsal, let the numbers show first..

@bolded.
unnecessary Sir.

Make una no start another E-war

ojeysky:


Lol well it's not Caverton entirely, it's market game players. Looks like it's going back to its sub 1.5, if it gets to sub 1 Na to average down.

Make i hear say carverton dey clean.

Result released almost Over 1month + in July..
Until it started rallying straight 2-3weeks ago and it got to their target of over 100% before Carverton's accountants noticed the error and issued a notice on NGx?
Why not seen before rally?
Dey play..
(My opinion sha, maybe wrong.)

One seemingly harmless question, two divergent responses.

This is an example of the impact sentiments and resentment has on our comments & responses.

Let us do better...

crownprince2017:


They wouldn't do that because they have have better investor who are ok with their strategy, they don't need your money, take your money else where and leave ellahlakes for us thta love them..abi na by force yo convince you.

If they convince you what would they gain?

Ellahlakes never start anything, this one na just rehearsal, let the numbers show first..

BabsO2:


No idea of what made up the expenses. It should be normal expenses to keep a business going. Pay fat cats at the top and the general workforce including security personnel. Pay for electricity etc.

FOte$

https://doclib.ngxgroup.com/Financial_NewsDocs/65_FBN_HOLDINGS_PLC_-_NOTIFICATION_OF_INSIDER_DEALING_-_26-09-2024.pdf

Expect more drama as Oct 2 approaches...

KarlTom:
One seemingly harmless question, two divergent responses.

This is an example of the impact sentiments and resentment has on our comments & responses.

Let us do better...

Right! They don't want you to ask questions, just bring your money and invest lol