Ella Lakes need to get it together. Investors are scrutinizing the activities and it seems the company is heading to wrong direction. Yeah, 12 kobo range dividends is poor too
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This is looking bad for the company: Ellah Lakes Overestimated Our N235Bn Public Offer - Chuka Mordi
- Thread starter Adewale Stock
- Start date
Ella Lakes need to get it together. Investors are scrutinizing the activities and it seems the company is heading to wrong direction. Yeah, 12 kobo range dividends is poor too
I still believe they will get out of their issue and move to profit ..When and how i dont know ...We should just keep eyes on it ...
The company attempted a ₦235 billion capital raise late last year to fund growth and acquisitions, and management has signaled an intention to pay a dividend by 2026 once profitability improves. However, that offer failed to reach the minimum subscription level, so nothing was allotted.
Ellah Lakes is still in an expansion phase, but right now it’s not payout‑ready. The business isn’t earning profits consistently, so there are no current dividends being paid. The ambition to pay dividends by 2026 is a future target — not a present reality. The stock has rallied despite losses, which may reflect speculative interest or belief in future turnaround rather than cash returns to investors.
They really need to get it together. Time will tell. It's early to judge.