NewStats: 3,265,491 , 8,186,935 topics. Date: Sunday, 15 June 2025 at 09:50 AM 6x23o

yMcy56:

They never bash Ellah reach Oando
Even the ogas ed for Oando matter 😁

On point landlady. Sincerely speaking, that is why I love this forum. We have combination of the good, the bad and the ugly. But the good ones' here are 80%, while the bad and ugly constitutes the remaining 20%, and everybody is unique in their own ways. In fairness to those that criticizes a stock, they are 80% correct, but that doesn't necessarily mean the stock price will obey their criticisms. Even when they are bashing a stock, you will still learn new things from their comments that will guide and be of benefits to you regarding that stock.

Above all, when I read all the pros and cons, the question I always ask myself amongst others are:

1. Are there money to be made if I buy the stock?
2. Will the money I invest on the stock yield significant investment for me in the next 6 months?

If the answer to the above is Yes, I move in and buy straight away. Nothing concerns me with who and who is in the management of the company. I am in the market to make money and not to study management style and principles. Wishing you all peace and joy o.

Ginalex:
Please what is SAHCO's ticker on NGX?

SKYAVN just after SCOA

SohSoh:
me i don't understand what is really going on with Fidelity, they tried to explain, the court order few days ago, but i didn't understand it, my own is... are they going to pay the fine or not. #SohSoh

the link : https://nairametrics.com/2025/05/19/fidelity-bank-confirms-supreme-court-ruling-on-g-cappa-and-sagecom-computes-n14-billion-as-settlement/

The Fidelity Bank Palava:
1. Parties Involved:
☞ Fidelity Bank (absorbed FSB International Bank in 2005)
☞ G. Cappa
☞ Sagecom Concepts

2. What Went Wrong?
☞ G. Cappa borrowed money from FSB International Bank but defaulted. The loan was backed by a property in Ikoyi.

3. What FSB Did
☞ FSB sold the property to Sagecom Concepts after winning a legal dispute allowing the sale, but the Federal High Court did not order G. Cappa to vacate. Instead, the court referred the matter of eviction to the Lagos State High Court. G. Cappa continued occupying the property.

4. The Legal Battle
☞ Sagecom Concepts sued Fidelity Bank (FSB’s successor) over possession of the property. In 2018, the Lagos State High Court ruled in favor of Sagecom. Fidelity Bank challenged this at the Supreme Court.

5. Settlement Issues
Fidelity Bank now agrees to settle Sagecom, but confusion exists over how much Fidelity should pay, due to currency valuation differences:
2005 exchange rate: $130 million = ₦14 billion.
2018 exchange rate (when the trial began): ₦31 billion.
Current exchange rate (~₦1,600/$): ₦220 billion+ (not applicable according to Fidelity Bank).

6. Current Situation:
Based on legal precedent, Fidelity Bank argues that the 2018 rate (₦31bn) is appropriate. The bank has requested that the court clarify the exact applicable amount. The issue remains in court.

7. Fidelity Bank’s numbers (FY 2024)
☞ Total Assets: ₦8.8 trillion
☞ Cash Position: ₦700 billion+
☞ Net Assets: ₦793 billion
☞ Gross Earnings: ₦1.1 trillion
☞ Profit After Tax: ₦278 billion

culled from another platform

BabsO2:
In less than 20mins of market open about N300 million is changing hands as some investors rush for a panic sale. The strong Fidelity bulls are wrestling the bears unleashed by the People Gazette publication.

In fairness to the bolded, I do not see any biase in their report. They simply reported the judgement of the supreme court. It is now left for the parties to challenge the interpretation at the court

BabsO2:


There is a huge difference between N225b and N31b (or N14b). How did the People Gazette come up with N225b and the bank has a max of N31b being a stake.

The supreme court used the rate of the dollar to naira as at 16/19 May 2025 when the judgement was delivered. But Fidelity is saying that the rate should have apply to 2018 dollars/naira rate when the judgement was first delivered by the Appeal Court before it was later taken to the supreme court. The drama is still on....

KarlTom:
Fidelity MM have a very busy day ahead

https://doclib.ngxgroup.com/Financial_NewsDocs/44130_FIDELITY_BANK_PLC-FIDELITY_BANK_PRESS_RELEASE_ON_COURT_JUDGMENT_CORPORATE_ACTIONS_MAY_2025.pdf

The most important extract to note from the publication:

"However, having exhausted the appeal process, the Bank is willing to settle the obligation. Unfortunately, there
are significant ambiguities in the judgment resulting in difficulties in calculating the actual financial liability to the
G.Cappa and the Bank which is about N14billion from our computation based on the exchange rate as of 2005
when the incident and cause of action arose. Meanwhile the Supreme Court in the case of Anibaba v Dana Airlines
Limited delivered in January 2025 has clarified that foreign currency judgment debt must be converted to Naira
at the exchange rate obtainable at the date of judgment of the trial Court which in this case was 30 January 2018.
Even if the 2018 exchange rate ed by the Supreme Court is applied, the judgment debt will just be under
N30.7 billion payable by G.Cappa Plc (who delayed delivery of possession of the apartments from 2005 till June
2018 when possession was eventually delivered) with contribution from the Bank.

Consequently, the Bank has applied to the Court for a clarification and inquiry into the proper interpretation of the
judgment and the computation of the actual quantum properly and lawfully payable by G.Cappa and the Bank".

Streetinvestor2:
Why didn't the yeye judge say 1 trillion damage. The rubbish the upper court will soon throw into dustbin. I don't owe a unit of the stock

It is a supreme court judgment

Amaa2019:
What’s this news about Fidelity guys

https://gazettengr.com/exclusive-fidelity-faces-bankruptcy-as-supreme-court-orders-banking-giant-to-pay-n225-billion-damages-to-nigerian-firm/

This may likely affect the share price to some extent

https://nairametrics.com/2025/05/15/the-2023-dangote-sugar-nascon-merger-collapse-a-postmortem-analysis/

emmaodet:


I believe you used the Q1/25 to divide the price instead of using a full year eps to divide the price.
It is either you use the trialing 12 months eps - Q2/24 + Q3/24 + Q4/24 + Q1/25 divide by 4 or you use forward /estimated eps 4 x Q1/25 being the easiest to use.
Your 42k Q1/25 x 4 is 168k for full year but I prefer to be conservative with 1.5 which gives us a p/e of 3

Ok. More like a justified PE ratio.

emmaodet:


The initiates Pls (TIP) - a waste management company sited in PH.
Current P/E as at yesterday when i did my valuation was 3 - current Market price (MP) of 4.5 divided by estimated full year eps ( Est. FY EPS 2025) = 1.5.

Commendations for your analysis on financial results. However, the current PE of TIP is around 10.67 and not 1.43 as quoted by the company or 3 as stated in the bolded, taking into that the market price of TIP is 450k, while the eps is 42k

https://doclib.ngxgroup.com/Financial_NewsDocs/43999_SKYWAY_AVIATION_HANDLING_COMPANY_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_APRIL_2025.pdf

Q1 results of SAHCO looks better in some metrics than fellow competitor NAHCO. I am not selling again. I will use seat belt here till next year.

https://doclib.ngxgroup.com/Financial_NewsDocs/43981_ABC_TRANSPORT_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_APRIL_2025.pdf

eps of 9k as against a loss of 3k in last year Q1

cc: @locotrader

https://doclib.ngxgroup.com/Financial_NewsDocs/43907_INTERNATIONAL_BREWERIES_PLC.-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_APRIL_2025.pdf

IB back to profit after years of consistent losses. EPS of 30k

https://doclib.ngxgroup.com/Financial_NewsDocs/43854_LAFARGE_AFRICA_PLC.-CORPORATE_DISCLOSURE__CORPORATE_ACTIONS_APRIL_2025.pdf

N4 interim dividend as predicted.

cc. @sunrisepebble

Sunrisepebble:
Information reaching me for Q1 result:
Nahco Q1 2.10 EPS
Nascon EPS I hear will be very good
Dangcem 80% eps growth YoY for Q1
Vitafoam ~N5 eps for H1
Wapco likely N4 interim dividend

NB: Not a buy or sell advice

This man. You are indeed a jewel of inestimable value!

designking:
When is Oando crediting the bonus shares to us?

I thought they said this month.

No cause for alarm. Probably after their Audited result/AGM

yok:
22 APRIL 2025 NIGERIA MARKET UPDATE WITH SOME GLOBAL PERSPECTIVE
Market was fair for the day just in line with global market perspective. With oil as key factor and US/China factor holding down oil price, now with Trump likely confirmation of soft pedaling on the feud, we should see more green days in the market.
We have updated the profit forecast for NAHCO and FCMB. FCMB will likely see a lower Profit in March 2025 l

@yok, you are welcome back, after a long break.

toyeoye:
seeing this on other platforms

NGX has a daily price movement limit of ±10% per stock, so seeing GTCO and ZENITHBANK showing more than -10% might be worth a double-check. It could be a data lag

It is as a result of mark down. Ex-dividend price + daily downside movement

emmanuelewumi:



Compounding as per reinvesting your interest and capital

First month N2 million

Twelveth month over N4 billion

lol. True definition of "Building castle in the air"

Agbalowomeri:
If I fit see Aradel @120 laidis, shebi I for buy to sell @240? God is able to do all things

The day people will gather here and beat you blue, black and red is coming. Kwantinue

https://doclib.ngxgroup.com/Listings-site/corporate-disclosure-site/Documents/VFD_GROUP_PLC_CORPORATE_ACTIONS_.pdf

Dividend of 250k and bonus of 5 new shares for 1

Mpeace:
See Aiico wey some people put better money in the hope of mega returns. E just dey mess up and down since that year.
Same with Caverton.
Those two stocks single handedly sent one of our ogas away from this forum
NSE go just dey humble us.

Personally, I think AIICO management needs to be scrutinized. AIICO is official insurer to at least 3 Nigerian airlines. I can't count how many times I have paid N3,000 for their insurance when travelling through Arik, ValueJet, and is it Ibom or Air Peace. Not to talk of revenues from other sources. With better management, AIICO will churn out better result, while the stock price is supposed to be trading around N4.

Princkez:
UBA final dividend #3.....total dividend for 2024(#5)

Good one from UBA. You gave an expo last week on the N3 dividend and you were right.

jp130:
Good morning inspired friends, please who can help me with Morgan capital for deposit?

Bank: Zenith Bank Plc
name: MorganCapital Securities Limited
number: 1013840874

currentprice:
The livestock was below N4 when d post made .... although i missed it myself because I targeted more better stock but still waiting to see Q1 to see if it is moving train or there is a space for hanging

congratulations to @ndept & co that loaded it

we are making money this year

Yes o. Thank you I never even imagine that it can return 100% from the 386k it was selling then.

zendi:

Hope it's not 2008 repeating itself bicos of Trump's Trade World War.
Those exposed to American stocks, are they falling? In which case you could wait for Zenith at 12 as people sell off here to go and buy gems that have become cheap over there.

Bolded, not really.

But, the little green we are seeing now keeps reminding me of Oracle’s trap basket and if care is not taken, the red we are seeing now may be a testing of the mic. Regardless of the dividend by the banks, some financial institution may use the opportunity to offload their kaya, thereby making the market to go down more. In addition, I do not see the banks performing excellently this year because the forex gains that contributed to their excellent financial results last year may not be there this year, coupled with their over-bloated outstanding shares. You and I know that the upward/downward movement in the price of bank stocks dictate the direction of the market. Even the outlook for oil is not looking good in the next months. However, this does not mean that all stocks will go down together. Some stocks will still present opportunity for people to make money despite the reds in the market.

I sold 85% of my holdings last week, the remaining 15% are stocks that has forcefully turn me to an investor like @emmanuelewumi . Like Sky aviation which I bought at N24 but does not have enough volume for me to sell since 2 weeks ago.

However, it is pertinent to note that I donated 14% of the loot I made before 15th January 2025 to the market as part of my corporate social responsibility and greed. For now, I have decided to stay on the sideline and watch how events unfold in the market in the next 2 months. It is good to be a spectator and not a participant at NSEMPA when e-fight starts due to the red in the market.

Above is a personal opinion please.

Xidget:
NASCON one step forward, two step backwards

They announced N2 dividend but did not release the audited result. I doubt if DS result will be good. Board meeting was held on 27 February and up till date, the result has not been released.

Shalom428:
Looking forward to comparing Totalenergies and MRS 2025 Q1 and Q2 numbers .

The queue in MRS lately has been crazy. It does look like Dangote PMS is the preferred choice. NNPC and total are getting lesser customers lately, while MRS is buzzing.

Good observation. Same thing made me to take another close look at their Q4 result (Oct - Dec 24), but I did not see anything spectacular in their revenue viz-a-viz profit.

SonofElElyonRet:

Think long term so you don't suffer what Oandoans are going through

I don't have single unit of Ellah Lakes though. Just posted the analysis as a guide for those that are in it.

ojeysky:


The EPS got worse, looks like it may dip further from tomorrow. I pray to have spare funds to average down.

The Explainer: Ellah Lakes In-Depth Analysis of Q2 Results and Investment Outlook

Ellah Lakes Plc, a player in the agricultural and food production sector, has faced significant financial challenges during the second quarter (Q2) ending January 31, 2025. Despite modest revenue growth, the company posted a loss of N396.6 million for the period, exacerbated by escalating istrative and personnel expenses. This analyst review delves into the company’s financial performance, offering an analysis of its core metrics and examining its future prospects for investors.

Ellah Lakes saw its revenue for Q2 2025 stand at N18.97 million, a notable improvement from the corresponding period in 2024 when the company reported no revenue at all. This growth, though positive, was insufficient to offset the sharp rise in operating costs. The company’s revenue generation, primarily driven by its agricultural activities, reflects an ongoing effort to expand its business operations. However, the modest increase in income was dwarfed by the surge in operational expenditures, which is a key factor contributing to the company’s poor financial performance.

The company's operating loss for Q2 2025 soared to N675.8 million, a significant deterioration from N344.2 million in Q2 2024. The steep rise in operating losses is attributed to higher istrative costs, which amounted to N249.3 million, a sharp increase from N86.3 million in the prior year. Additionally, personnel expenses nearly doubled, rising to N414.3 million from N119.5 million during the same period last year.

The sharp increase in operating costs is attributed to the company’s ongoing restructuring efforts, the scaling of its business operations, and inflationary pressures that have affected its cost base. As Ellah Lakes continues to ramp up operations, these higher costs will likely persist unless the company achieve significant efficiencies in its processes or on the higher costs to consumers.

One of the most concerning aspects of Ellah Lakes' Q2 2025 financials is the surge in its total liabilities, which increased to N4.61 billion, up from N2.7 billion in the same period last year. This substantial rise in liabilities is largely driven by a director’s loan of N1.88 billion and borrowings amounting to N1.14 billion. Such a significant increase in liabilities places additional strain on the company’s balance sheet, particularly as its retained losses have widened to N4.81 billion from N3.96 billion.

The growing debt burden is a serious concern for shareholders, as it threatens the long-term viability of the company and erodes shareholder equity. In particular, the company’s retained losses continue to grow, reducing its ability to reinvest profits into expansion or reduce its reliance on external financing.

Despite the financial challenges, Ellah Lakes has managed to maintain a revaluation surplus of N14.93 billion, which has contributed to total equity of N19.95 billion as of January 31, 2025. This revaluation surplus, however, is largely a paper gain and does not directly contribute to the company’s liquidity position. While the revaluation surplus bolsters the company’s equity, it does little to alleviate the immediate financial pressures, especially considering the mounting operating losses and growing debt.

Ellah Lakes’ cash position is another area of concern. Cash and cash equivalents have sharply declined to N23.1 million from N243.3 million as of July 2024. This sharp decline indicates significant liquidity challenges, and raises concerns about the company’s ability to meet its short-term obligations without resorting to further borrowing or asset sales.

The decline in cash reserves could signal a tight liquidity position, which affect the company’s ability to fund its operations, repay debts, or capitalise on new business opportunities in the near term. For investors, this raises red flags about the company’s financial stability and its capacity to weather future economic or market shocks.

The stock price of Ellah Lakes Plc has also experienced a slight decline, trading at N3.20 per share on Friday, February 28, 2025, down from N3.22 at the previous market opening. While this seem like a minor fluctuation, it reflects broader investor sentiment regarding the company’s current financial health and future prospects.

Given the company’s ongoing financial strain, characterised by rising operating costs, widening losses, a growing debt burden, and a weakened liquidity position, investors may face a challenging period ahead. Although Ellah Lakes has made strides in increasing its revenue and maintaining its equity base, the rising costs and liabilities continues to undermine profitability.

Investor Recommendation: "HOLD" or "SELL"?

For investors currently holding shares in Ellah Lakes Plc, the recommendation would likely be “HOLD” for now, with caution. The company's revaluation surplus and the potential for future growth in its agricultural operations remain factors that may stabilise its financial situation over time. However, given the significant operating losses, growing debt load, and liquidity concerns, investors should monitor the company closely for any signs of improvement in cost control, cash flow, and revenue generation.

For prospective investors, the current market price of N3.20 per share represent a short-term opportunity, but only if they are prepared to take on the associated risks. With no clear path to profitability in the near term and ongoing financial pressures, caution is advised. The company’s current financial situation suggests that Ellah Lakes struggle to generate meaningful returns for investors unless there is a significant change in its operational and financial strategies.

Ultimately, investors should consider their risk appetite and closely monitor the company’s next set of financial results and any updates regarding its debt management and liquidity position before making any final investment decision.

© Gilbert Ayoola

https://doclib.ngxgroup.com/Financial_NewsDocs/43233_NIGERIAN_EXCHANGE_GROUP_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_FEBRUARY_2025.pdf

Good one from NGX. EPS of 450k and dividend of 200k.