NewStats: 3,264,807 , 8,184,745 topics. Date: Thursday, 12 June 2025 at 12:17 PM r3641

Streetinvestor2:
That revenue in that statement na 18 million plus or billion. I hope it is not million
Then thr is no business happening over thr

Presco is trading at a Price to Book value of 4.9.
Ellah Lakes is trading at a Price to Book value of 0.44.

Depending on the stage at which you think the company is, you will see different things.

If you see it as a palm oil start-up, you’ll note that its palm plantation assets grew by 82.1% in the past year alone — from ₦320.57 million in January 2024 to ₦583.85 million in January 2025. That kind of growth suggests it’s still in the development and asset-building phase, possibly undervalued if you believe in its long-term execution.

If you think it’s a mature business, the current numbers might raise red flags — particularly when compared to a more established peer like Presco.

If you believe the audited report is unreliable, then none of the numbers really matter — and your entire thesis will hinge on whether management is credible and transparent.

At the end of the day, we are all here to make money. The lens through which you view Ellah Lakes will determine whether you see opportunity, risk, or a bit of both.

DeRuggedProf:


They are definitely doing something, my Boss said they are running some fish ponds. Maybe some point and kill sef, going by the way him take talk am...
Him say make I make sure I count the palm trees...
Him say this one na future future future tense...
Him say I can take time go check, at least I can find the fish pond him know dem get. Then me fit carry their plantation pictures come show am...
Him say make I make sure I count the palm trees..

So all the rice mill, etc na lie? Make we dey see... May take a while but they'll deliver eventually and we are projecting that it will be hoooooge . They can't put out all those big plans and be doing nothing to achieve them. Worst case scenario, they are going at snail speed.. but there has to be progress ongoing, even if it's at slow pace

Erniemax101:


If they really fixed it, I should not be having issues with them as at last month cos that was when I left them. Maybe they fixed yours. I was highly irritated by the dumb explanation the customer service representatives were giving me

Some of them don't really know
My own is working fine now

Back then
I was even having negative cost basis because I was trading in and out then
Negative cost basis
To calculate profit come difficult

Streetinvestor2:
That revenue in that statement na 18 million plus or billion. I hope it is not million
Then thr is no business happening over thr

People must go in and see what I saw after holding for 2 years.
Assuming I am still holding,this year would have made me 5 years in it and this is the best result in 5 years waiting.

Now I see that Ellah is a stock that will mature in 2035 going by this result.I just prayed that this is not 18m revenue for palm trees that are matured already going by date they told us they planted.

I believe they are ashamed to release the due result.Traders will like to push the price next week and dump it for another explosive result which can make real shareholders tired and begin to look for exit.

If they can release a result of 3B revenue and a profit of let's say 300m,there is hope for shareholders in the next 2 years.Retain earning is a negative of 4B.

aj8:



Another quotable quote "When people buy things without reasons, you are bound to sell at loss without reason“

Crownprince2017

No ill intended

On Ellah lakes, be greedy when others are fearful and fearful when others are greedy.

Ire o.

nosa2:


Presco is trading at a Price to Book value of 4.9.
Ellah Lakes is trading at a Price to Book value of 0.44.

Depending on the stage at which you think the company is, you will see different things.

If you see it as a palm oil start-up, you’ll note that its palm plantation assets grew by 82.1% in the past year alone — from ₦320.57 million in January 2024 to ₦583.85 million in January 2025. That kind of growth suggests it’s still in the development and asset-building phase, possibly undervalued if you believe in its long-term execution.

If you think it’s a mature business, the current numbers might raise red flags — particularly when compared to a more established peer like Presco.

If you believe the audited report is unreliable, then none of the numbers really matter — and your entire thesis will hinge on whether management is credible and transparent.

At the end of the day, we are all here to make money. The lens through which you view Ellah Lakes will determine whether you see opportunity, risk, or a bit of both.

Price to Book value is determined by the return on equity, the higher the return on equity the higher the price to book value.

Are bank stocks over priced?
What are the best stocks to buy now.
DD on me for sure.

megawealth01:


May 28

Thanks 👍

Any payment date?

Do you know their registrar?

leo1234:


Thanks 👍

Any payment date?

Do you know their registrar?

AGM DATE: June 19, NPF MFB (AGM) at Hajia Maryam M.D Abubakar Power Secretariat and Multipurpose Hall, Oduduwa Street (Mopol 20), Ikeja, Lagos......11am. Prop Div.....15k, PD....June 19, QD.....May 28, CDR.....May 29-30. Reg; Registrar: Cardinalstone

emmanuelewumi:




Price to Book value is determined by the return on equity, the higher the return on equity the higher the price to book value.

Also depends on sector sha

Coolcash1:
On Ellah lakes, be greedy when others are fearful and fearful when others are greedy.

Ire o.

Those wey greedy don follow CIBEX enter jungle

Locotrader:


People must go in and see what I saw after holding for 2 years.
Assuming I am still holding,this year would have made me 5 years in it and this is the best result in 5 years waiting.

Now I see that Ellah is a stock that will mature in 2035 going by this result.I just prayed that this is not 18m revenue for palm trees that are matured already going by date they told us they planted.

I believe they are ashamed to release the due result.Traders will like to push the price next week and dump it for another explosive result which can make real shareholders tired and begin to look for exit.

If they can release a result of 3B revenue and a profit of let's say 300m,there is hope for shareholders in the next 2 years.Retain earning is a negative of 4B.

Revenue is 18million and no cost of sales Lol
Nigerians go leave substance and be running after hope and be renewing the hope

SonofElElyonRet:

So all the rice mill, etc na lie? Make we dey see... May take a while but they'll deliver eventually and we are projecting that it will be hoooooge . They can't put out all those big plans and be doing nothing to achieve them. Worst case scenario, they are going at snail speed.. but there has to be progress ongoing, even if it's at slow pace

This guy go be good meat for Ponzi agriculture

A LETTER TO MR CHUKA MORDI AND ELLAH LAKE MGT TEAM

Dear Ellah Lake Management Team,
It is no longer a secret that your performance has been terrible, disappointing and disastrous for minority investors. The promises and reassurances given to investors seem to be fading away. Forum of Nigerian Stock Exchange Market Pick Alerts(NSEMPA) are currently exposing the root of your business. It appears you are running an intangible audio business, as there is no single ed video of your integrated farm on the internet.

You pride yourself as the first agriculture company listed on the NGX, having been listed in 1980 according to your website. However, it seems Ellah Lake lacks direction towards achieving its stated vision of becoming the best and prototype integrated farm in Africa. You have failed, and failure is now associated with your mission. Yes there is no crime in failure, not using it as a stepping stone is a potential recipe for future disaster.

We no longer hear about the fishing business or news about the Tellura farm you acquired. Are they still generating income? What is the current state of the rice ,soyabeans and cassava plantation?There is no video evidence of the 5,000 hectares of palm plantation and the piggery.
The integrity of your management team is now a subject of discussion on Nairaland, and your financial statement is under public scrutiny. The figures don't add up, and the more I read them, the less clarity I get.

https://nairaland.macsoftware.info/1131485/nigerian-stock-exchange-market-pick/8993

It's noteworthy that CBO Capital, one of your largest shareholders and partners, disinvested 81 million shares in November/December 2024. Time is running out; it's time to prove your critics wrong.

https://nairametrics.com/2024/11/13/ellah-lake-declares-zero-revenue-for-two-consecutive-years-as-cbo-capital-sells-down-81-million-shares/

I personally own 2.5 million units of ordinary shares in your stagnanted company. The phrase "all noise, no action" comes to mind. I was once convinced by a report quoted in Business Day, which mentioned a delegation of stockbrokers visiting Ellah Lakes Plc's plantation in Edo State.

https://businessday.ng/companies/article/stockbrokers-laud-ellah-lakes-strategic-investment-in-palm-plantation-livestock/

https://www.proshare.co/articles/ellah-lakes-plc-ceo-issues-statement-on-post-rights-issue-ongoing-operations?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates

However, it's unimaginable how an Agric ⁶company wouldn't declare any revenue and profit in 4 consecutive years. Poor revenue, poor operating income, poor cash flow, negative retained earning, always in capital deficit. These are pointers to an unsustainable failing business.

The antecedent of Ellah Lake is consistent with that of a company that lack transparency, struggling and may be delisted.

Mr. Chuka Mordi, time is of the essence, and money cannot buy it. I urge you to come clean and do the needful and execute your remote plan of delisting if this is your agenda for Ellah Lake and consider relisting in the future at a better price when there are tangible and profitable plantations, as it appears investors are only investing in an intangible palm plantation. This shouldn't be a reason to toll the path of one of your kinsmen Mr Dozy Mmobuosi of infamous Tingo Group.
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26086

Mankind2024:
A LETTER TO MR CHUKA MORDI AND ELLAH LAKE MGT TEAM

Dear Ellah Lake Management Team,
It is no longer a secret that your performance has been terrible, disappointing and disastrous for minority investors. The promises and reassurances given to investors seem to be fading away. Forum of Nigerian Stock Exchange Market Pick Alerts(NSEMPA) are currently exposing the root of your business. It appears you are running an intangible audio business, as there is no single ed video of your integrated farm on the internet.

You pride yourself as the first agriculture company listed on the NGX, having been listed in 1980 according to your website. However, it seems Ellah Lake lacks direction towards achieving its stated vision of becoming the best and prototype integrated farm in Africa. You have failed, and failure is now associated with your mission. Yes there is no crime in failure, not using it as a stepping stone is a potential recipe for future disaster.

We no longer hear about the fishing business or news about the Tellura farm you acquired. Are they still generating income? What is the current state of the rice ,soyabeans and cassava plantation?There is no video evidence of the 5,000 hectares of palm plantation and the piggery.
The integrity of your management team is now a subject of discussion on Nairaland, and your financial statement is under public scrutiny. The figures don't add up, and the more I read them, the less clarity I get.

https://nairaland.macsoftware.info/1131485/nigerian-stock-exchange-market-pick/8993

It's noteworthy that CBO Capital, one of your largest shareholders and partners, disinvested 81 million shares in November/December 2024. Time is running out; it's time to prove your critics wrong.

https://nairametrics.com/2024/11/13/ellah-lake-declares-zero-revenue-for-two-consecutive-years-as-cbo-capital-sells-down-81-million-shares/

I personally own 2.5 million units of ordinary shares in your stagnanted company. The phrase "all noise, no action" comes to mind. I was once convinced by a report quoted in Business Day, which mentioned a delegation of stockbrokers visiting Ellah Lakes Plc's plantation in Edo State.

https://businessday.ng/companies/article/stockbrokers-laud-ellah-lakes-strategic-investment-in-palm-plantation-livestock/

https://www.proshare.co/articles/ellah-lakes-plc-ceo-issues-statement-on-post-rights-issue-ongoing-operations?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates

However, it's unimaginable how an Agric ⁶company wouldn't declare any revenue and profit in 4 consecutive years. Poor revenue, poor operating income, poor cash flow, negative retained earning, always in capital deficit. These are pointers to an unsustainable failing business.

The antecedent of Ellah Lake is consistent with that of a company that lack transparency, struggling and may be delisted.

Mr. Chuka Mordi, time is of the essence, and money cannot buy it. I urge you to come clean and do the needful and execute your remote plan of delisting if this is your agenda for Ellah Lake and consider relisting in the future at a better price when there are tangible and profitable plantations, as it appears investors are only investing in an intangible palm plantation. This shouldn't be a reason to toll the path of one of your kinsmen Mr Dozy Mmobuosi of infamous Tingo Group.
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26086

Na this man wan take over letter writing from Obasanjo

Our review on Ellah lakes will go viral this weekend.
I believe their will be press lease next week by the mgt.
This is the only way we can help ourselves not praising a company you don't know the plans they have for shareholders and shareholders are holding unto palm trees and fruits as okomu and presco are known for that.

Why is okomu and presco not practicing digital Agriculture

Audio and real are not same.Let them release corporate announcements on their farms let's review and know our stand on it.

One of the cheapest stock tempting investors at the floor now is Ellah lakes but traders are the one to use it and dump while my brother Nosa is having an investment mind.

@Mankind2024 you don't know Chuka Mordi.
There is another stock at the exchange he is sitting as a mgt.How far with that stock?

Anyway your letter is good and will help our ministry if delivered well.

Better I buy Ftn cocoa than Ellah wey no get breast.Let them prove me wrong in the coming days

Ekuu weekend o my pple

"I recall our own Chibuking sharing his heartbreaking story years ago about his missing child. The link below appears to be related to that situation — it seems the boy has been found.
If this is indeed the case, my heartfelt congratulations to you, Chibuking. This is truly wonderful new


https://nairaland.macsoftware.info/8419987/after-7-years-boy-kidnapped

Abeg oga chibuking, your insights are always valued here. We appreciate if you could come out and share your stock picks with us once again

Agbalowomeri:


Na this man wan take over letter writing from Obasanjo

I dey tell you, my brother....
Person dey run in business...
if u no like am ...u go sell ur stakes in his company...

emmanuelewumi:




Price to Book value is determined by the return on equity, the higher the return on equity the higher the price to book value.

I dont understand this

Locotrader:
Our review on Ellah lakes will go viral this weekend.
I believe their will be press lease next week by the mgt.
This is the only way we can help ourselves not praising a company you don't know the plans they have for shareholders and shareholders are holding unto palm trees and fruits as okomu and presco are known for that.

Why is okomu and presco not practicing digital Agriculture

Audio and real are not same.Let them release corporate announcements on their farms let's review and know our stand on it.

One of the cheapest stock tempting investors at the floor now is Ellah lakes but traders are the one to use it and dump while my brother Nosa is having an investment mind.

Investing is not a team sport. When I wanted to discuss with you, you decided to troll. Now I don't get why you care

Willie2015:


I dey tell you, my brother....
Person dey run in business...
if u no like am ...u go sell ur stakes in his company...

I am yet to see anything suspicious in the reports. Nor have I seen anything on this thread that signals a red flag. All I am seeing are mindless trolls and inuendos from inexperienced speculators. Very little facts

nosa2:


I dont understand this

It's a correlation that he is referring to

Agbalowomeri:


It's a correlation that he is referring to

Ok. I dont see the relevance. This business is in the startup stage so its understandable that revenue should be nil or next to nil. How people dont see this is mind boggling. Or maybe those that do just dont post about it.

Mankind2024:
A LETTER TO MR CHUKA MORDI AND ELLAH LAKE MGT TEAM

Dear Ellah Lake Management Team,
It is no longer a secret that your performance has been terrible, disappointing and disastrous for minority investors. The promises and reassurances given to investors seem to be fading away. Forum of Nigerian Stock Exchange Market Pick Alerts(NSEMPA) are currently exposing the root of your business. It appears you are running an intangible audio business, as there is no single ed video of your integrated farm on the internet.

You pride yourself as the first agriculture company listed on the NGX, having been listed in 1980 according to your website. However, it seems Ellah Lake lacks direction towards achieving its stated vision of becoming the best and prototype integrated farm in Africa. You have failed, and failure is now associated with your mission. Yes there is no crime in failure, not using it as a stepping stone is a potential recipe for future disaster.

We no longer hear about the fishing business or news about the Tellura farm you acquired. Are they still generating income? What is the current state of the rice ,soyabeans and cassava plantation?There is no video evidence of the 5,000 hectares of palm plantation and the piggery.
The integrity of your management team is now a subject of discussion on Nairaland, and your financial statement is under public scrutiny. The figures don't add up, and the more I read them, the less clarity I get.

https://nairaland.macsoftware.info/1131485/nigerian-stock-exchange-market-pick/8993

It's noteworthy that CBO Capital, one of your largest shareholders and partners, disinvested 81 million shares in November/December 2024. Time is running out; it's time to prove your critics wrong.

https://nairametrics.com/2024/11/13/ellah-lake-declares-zero-revenue-for-two-consecutive-years-as-cbo-capital-sells-down-81-million-shares/

I personally own 2.5 million units of ordinary shares in your stagnanted company. The phrase "all noise, no action" comes to mind. I was once convinced by a report quoted in Business Day, which mentioned a delegation of stockbrokers visiting Ellah Lakes Plc's plantation in Edo State.

https://businessday.ng/companies/article/stockbrokers-laud-ellah-lakes-strategic-investment-in-palm-plantation-livestock/

https://www.proshare.co/articles/ellah-lakes-plc-ceo-issues-statement-on-post-rights-issue-ongoing-operations?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates

However, it's unimaginable how an Agric ⁶company wouldn't declare any revenue and profit in 4 consecutive years. Poor revenue, poor operating income, poor cash flow, negative retained earning, always in capital deficit. These are pointers to an unsustainable failing business.

The antecedent of Ellah Lake is consistent with that of a company that lack transparency, struggling and may be delisted.

Mr. Chuka Mordi, time is of the essence, and money cannot buy it. I urge you to come clean and do the needful and execute your remote plan of delisting if this is your agenda for Ellah Lake and consider relisting in the future at a better price when there are tangible and profitable plantations, as it appears investors are only investing in an intangible palm plantation. This shouldn't be a reason to toll the path of one of your kinsmen Mr Dozy Mmobuosi of infamous Tingo Group.
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26086

Oga, you get strong mind o and I ire your courage doing this

It is about time for shareholders to start calling out these directors with respect to their actions.

Someone should have written a similar letter to First Holdings PLC (formerly FBN Holdings PLC) for that crappy dividend they declared for their shareholders.

Well done for this initiative and boldness.

nosa2:


Ok. I dont see the relevance. This business is in the startup stage so its understandable that revenue should be nil or next to nil. How people dont see this is mind boggling. Or maybe those that do just dont post about it.

But this company is not a start up o

Mankind2024:
A LETTER TO MR CHUKA MORDI AND ELLAH LAKE MGT TEAM

Dear Ellah Lake Management Team,
It is no longer a secret that your performance has been terrible, disappointing and disastrous for minority investors. The promises and reassurances given to investors seem to be fading away. Forum of Nigerian Stock Exchange Market Pick Alerts(NSEMPA) are currently exposing the root of your business. It appears you are running an intangible audio business, as there is no single ed video of your integrated farm on the internet.

You pride yourself as the first agriculture company listed on the NGX, having been listed in 1980 according to your website. However, it seems Ellah Lake lacks direction towards achieving its stated vision of becoming the best and prototype integrated farm in Africa. You have failed, and failure is now associated with your mission. Yes there is no crime in failure, not using it as a stepping stone is a potential recipe for future disaster.

We no longer hear about the fishing business or news about the Tellura farm you acquired. Are they still generating income? What is the current state of the rice ,soyabeans and cassava plantation?There is no video evidence of the 5,000 hectares of palm plantation and the piggery.
The integrity of your management team is now a subject of discussion on Nairaland, and your financial statement is under public scrutiny. The figures don't add up, and the more I read them, the less clarity I get.

https://nairaland.macsoftware.info/1131485/nigerian-stock-exchange-market-pick/8993

It's noteworthy that CBO Capital, one of your largest shareholders and partners, disinvested 81 million shares in November/December 2024. Time is running out; it's time to prove your critics wrong.

https://nairametrics.com/2024/11/13/ellah-lake-declares-zero-revenue-for-two-consecutive-years-as-cbo-capital-sells-down-81-million-shares/
[b]
I personally own 2.5 million units of ordinary shares in your stagnanted company. [/b]The phrase "all noise, no action" comes to mind. I was once convinced by a report quoted in Business Day, which mentioned a delegation of stockbrokers visiting Ellah Lakes Plc's plantation in Edo State.

https://businessday.ng/companies/article/stockbrokers-laud-ellah-lakes-strategic-investment-in-palm-plantation-livestock/

https://www.proshare.co/articles/ellah-lakes-plc-ceo-issues-statement-on-post-rights-issue-ongoing-operations?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates

However, it's unimaginable how an Agric ⁶company wouldn't declare any revenue and profit in 4 consecutive years. Poor revenue, poor operating income, poor cash flow, negative retained earning, always in capital deficit. These are pointers to an unsustainable failing business.

The antecedent of Ellah Lake is consistent with that of a company that lack transparency, struggling and may be delisted.

Mr. Chuka Mordi, time is of the essence, and money cannot buy it. I urge you to come clean and do the needful and execute your remote plan of delisting if this is your agenda for Ellah Lake and consider relisting in the future at a better price when there are tangible and profitable plantations, as it appears investors are only investing in an intangible palm plantation. This shouldn't be a reason to toll the path of one of your kinsmen Mr Dozy Mmobuosi of infamous Tingo Group.
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26086

The fact that you are still holding means that you still have some hope (even if it's little) that they'll deliver

My first red flag with ELLAH was the management and stockbrokers photograph. It screams Oando from a distance

Why is a business concerned with stock price unless they want to raise funds. It's all too fishy. Technically though, there is a long term signal for price appreciation. But there are just too many coys with certainty, at least in the near term, than to be running after deadbones. I leave that one for Elijah

Agbalowomeri:


This guy go be good meat for Ponzi agriculture

So all these heavyweights on Ellah lakes board are crooks right? Come on !!!
ellahlakes.com/?page_id=356

Agbalowomeri:
My first red flag with ELLAH was the management and stockbrokers photograph. It screams Oando from a distance

Why is a business concerned with stock price unless they want to raise funds. It's all too fishy. Technically though, there is a long term signal for price appreciation. But there are just too many coys with certainty, at least in the near term, than to be running after deadbones. I leave that one for Elijah

This is the first intelligent comment I have seen on this company in the last few pages. And to be honest, I agree.