📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

Ellah Lakes

Buy Ellah Lakes stocks

Ellah Lakes PLC (NGX: ELLAHLAKES) Stocks

What is Ellah Lakes Plc?

Ellah Lakes Plc is a Nigeria-based company that traces its rich history to 1980 and it has grown significantly to become one of the largest fish farms in Nigeria. Until 2016, Ellah Lakes Plc had been engaged in agricultural-related activities and fish farming in the region where it produced and market freshwater fish.

This was until Ellah Lakes Plc ceased its commercial operations because of unrest in the Niger Delta Region. Headquartered in Benin, Ellah Lakes Plc supplied Nigerian households with meals that were sourced through sustainable practices, promoting environmental and sustainable practices in Nigeria, ensuring that nature could replenish itself to meet the demands of a growing population.

However, in 2019, Ellah Lakes Plc completed a purchase of Telluria Farms which is an Oil Palm production company. This purchase refocused the corporate mission of Ellah Lakes Plc towards Oil Palm and a large portfolio of associated derivative products.

Today, Ellah Lakes Plc owns a land bank of 2,400 hectares that are specifically dedicated to the sustainable production of Oil Palm and Ellah Lakes Plc is embarking on an aggressive mission that will rapidly grow Oil Palm plantations across the region.

Ellah Lakes Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol ELLAHLAKES. Today, Ellah Lakes Plc forms part of the Consumer Goods sector.

 

Ellah Lakes Plc Performance

The current share price for Ellah Lakes Plc stocks is 4.25 NGN and the company has a total market capitalization of 8.5 billion NGN, with a P/E ratio of 0.00 and earnings per share of -0.29 NGN, and a total of 2 billion shares outstanding.

In an analysis of financial data, Ellah Lakes Plc showed that profits for the fourth quarter of 2022, which ended in July was (832,136). With a year-to-date growth in overall assets to 10.08 billion NGN from 5.63 billion NGN, with substantial increases in both cash and cash equivalents.

Ellah Lakes Plc’s financial performance for the quarter does not indicate an improvement, which means that investors who want to buy or sell ELLAHLAKES stocks may not receive any dividends for the quarter.

According to an analysis on the live chart of ELLAHLAKES, the industry is still experiencing significant impacts because of the recent Covid-19 pandemic, making it difficult to forecast the outlook for the next quarters.

Investors may be apprehensive about ELLAHLAKES because of a dip in its financials and an increase in total operating expensive which was driven by administrative expenses, personnel expenses, and depreciation.


Highlights of Ellah Lakes Plc in 2022

Ellah Lakes Plc currently has a share price of 4.25 NGN and it is the 44th most-traded share on the Nigerian Stock Exchange. During the past three months, ELLAHLAKES achieved an overall trading volume of 57.1 million shares.

These shares were bought/sold in 107 deals, with a value of 243 million NGN and an average of 907,095 shares sold per session, with a trading volume high of 26.6 million achieved at the end of July. According to the past 10 days’ trading volumes, deals have ranged from 5 up to 138,720 shares.

According to official financial and company reports, Ellah Lakes Plc experienced a Year-to-date growth in overall assets from 5.63 billion NGN up to an impressive 10.8 billion NGN. This was in addition to an overall increase of both cash and cash equivalents.

The year-to-date borrowings for Ellah Lakes Plc increased to 2.23 billion NGN, up from 733.56 million NGN, with overall liabilities of 2.96 billion NGN. The total operating expenses that Ellah Lakes Plc reported were 327.72 million NGN, driven by admin expenses, which were 47.8% of the total, personnel expenses, which were 51.5%, and depreciation, which was 0.6% of the total.

There was consistent recapitalisation of the balance sheet, with debt and equity fundraisers to continue after the Annual General Meeting (AGM) is held later in October. During the period, Ellah Lakes Plc signed a produce offtake agreement with Pure Flour Mills, Ltd. as well as Premium Cassava Products, Ltd. which ensures a supply of Cassava.

Ellah Lakes Plc has completed a purchase of 5,000 hectares of land in the Ondo State, set to be used to cultivate Oil Palm, Soya Beans, and Cassava. There are additional ongoing discussions to purchase another 2,800 hectares of land in the Ekiti State, bringing the overall land bank up to 10,000 hectares.

 

How to buy Ellah Lakes Plc stocks Step-by-step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily. To buy, sell or trade ELLAHLAKES stocks, traders and investors can follow these simple steps:

  1. Find the share that you want to purchase, in this case, “ELLAHLAKES”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Make your first share purchase through the broker.
  6. Build and diversify your portfolio by buying more shares.


FAQ

 

What type of company is Ellah Lakes Plc?

Ellah Lakes Plc is a company in Nigeria that used to be involved with fish farming until it took over Oil Palm production in 2016.

 

In which industry and sector does Ellah Lakes Plc operate?

Ellah Lakes Plc forms part of the Consumer Goods sector.

 

On which stock exchange does Ellah Lakes Plc have shares for sale?

Ellah Lakes Plc trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol ELLAHLAKES.

 

What is the price of ELLAHLAKES shares today?

The current price of ELLAHLAKES shares is 4.25 NGN .

 

Is Ellah Lakes Plc a good investment?

No, Ellah Lakes Plc is not a good investment currently with the company not performing well within the last year. There is also no indication of the EPS of the company, with financials currently not as lucrative.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

FINEXO Review

Overall, FINEXO is fully regulated by top-tier regulators. It has a trust score of 60 out of 100 and is considered a low-risk trading partner.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x