Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 5:48pm On Jun 02, 2025 |
Sunrisepebble: Return to profitability does not mean the negative asset position recovers, it means the profit they’ve made that goes to retained earnings still needs to increase. MTN have returned to profitability and are still in negative asset position but by year end, the PAT/retained earnings would have restored the shareholders funds That makes sense. Anyone buying should not expect dividend |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 5:10pm On Jun 02, 2025 |
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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 9:57pm On Jun 01, 2025 |
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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 2:47pm On May 31, 2025 |
Reserve-Based Lending (RBL) is a form of secured financing used primarily in the oil and gas industry, where a company borrows money using the value of its proven oil and gas reserves as collateral.
🔍 How Reserve-Based Lending Works: Collateral:
The borrower pledges its proved oil and gas reserves (typically P1 reserves – proven and producing) as security.
These reserves are valued by independent engineers or consultants using expected production and future commodity prices.
Borrowing Base:
Lenders calculate a borrowing base—a maximum amount the company can draw—based on:
Volume of reserves
Oil/gas prices (discounted/future)
Operating costs
Field decline rates
This base is re-determined semi-annually (sometimes quarterly) to reflect changes in prices and production.
Loan Structure:
Usually structured as a revolving credit facility, allowing the borrower to draw, repay, and redraw funds within a certain limit.
The borrowing base can go up or down based on market or reserve conditions.
💸 How Debtors (Borrowers) Pay Creditors (Lenders): Repayment is usually tied directly to the cash flows generated from oil and gas production:
1. Scheduled Repayments: Regular interest and principal payments are made based on an agreed schedule.
Payments may be monthly or quarterly, depending on the loan agreement.
2. Cash Sweeps: If revenue exceeds certain thresholds, excess cash may be used to prepay the loan automatically.
This reduces the risk for lenders, especially if oil prices drop later.
3. Borrowing Base Redeterminations: If the borrowing base drops below the current outstanding debt (e.g., due to falling oil prices or lower production), the borrower must:
Repay the excess (immediate or over a short grace period), or
Provide additional collateral, or
Re-negotiate terms with the lender.
4. Hedging Requirements: Many RBL facilities require borrowers to hedge a portion of their future production.
This helps ensure that the borrower has predictable cash flows to meet debt obligations even if oil/gas prices drop.
✅ Benefits for Borrowers: Access to larger capital based on reserves, not just revenue or assets.
Flexible drawdown and repayment.
Encourages disciplined capital investment tied to production.
⚠️ Risks: Highly sensitive to commodity prices.
Borrowers may face margin calls or forced repayments if reserves are revalued down.
Can restrict growth or investment if cash flows are mostly used for debt service. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 2:44pm On May 31, 2025 |
Streetinvestor2: let me understand the accounting practices here.Are you saying as you sell the crude. You remove money pay back loan.Not talking for debt servicing before preparing your annual results being sent to tax authorities or government regulator.Is this only applicable in this sector. That means na watin you like you tell government so that you invade appropriate tax from money realized. IIs this how aredel and seplet equally prepare thr own financials. If na so as businessman I no suppose dey pay tax as I dey always owe.So I go use that style finish the whole money . Then why whr people insinuating before that wale will come to market to raise funds to free the company from debt burden And what happens when they offset the loan via this means after some yrs.Will they continue to declare loss too.
Make I free OandO matter. IB no give this kind head ache way I get in better quantity According to chatgpt, reserve based lending implies oando can borrow against its reserve. So as they produce, they settle their lender first. If RBL is how they got funding, Sunrise position is correct. However one also has to understand how much of the production is pledged to repayment knowing that oando still has other debt obligations to pay asides this most recent loan. Your business is different in that you don't have a reserve  unlike producing companies which your lenders can place valuation on to determine how much you can be borrowed |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 10:14pm On May 28, 2025 |
Jeoma2024: I bought some Nigeria stocks around February with Afri invest app
Wapco Nem Aiico Gtco Jberger ZENITH So far I have received dividend from NEM AIICO
And from what I saw read, GTCO AND ZENITH had paid but I didn't receive mine
How can make complaint
Should I complain to AFRI INVEST or is there other way to do this please
I started buying stock this year so I don't know much please
Help a sister please You can write to the registrar of each company. Some already have online options for e-dividend. Other have to seal with signature mandate from your broker. You can try the nibss option as well. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 9:25am On May 28, 2025 |
emmaodet: I have not received Nahco dividends since last friday from cardinal registrar. it is really becoming frustrating. Did my e-dividends mandate and also sent them a mail. You and karltom should send email to the people below and copy SEC. CARDINALSTONE dropped the ball on NAHCO payment this time. Sent an email last night, got my payment this morning. For urgent matters, kindly contact Adetoun Akingbojule at adetoun.akingbojule@cardinalstone.com or Olanike Solalu at olanike.solalu@cardinalstone.com. You can CC raymond.akokota@cardinalstone.com who is supposed to be the main contact for NAHCO shareholders at cardinalstone. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 9:21pm On May 26, 2025 |
Princkez: Is NAHCO good buy @#74.... It is Still a sound business. |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by debeey87(m): 6:54am On May 26, 2025 |
uncleteeh: Okay. Aside the fact that the roofing sheets might be leaking due to puncture or inadequate lapping. Is it concrete fascia that was constructed? (I asked this because from experience, concrete fascia too tend to allow water inside the ceiling during very heavy rainfall, and this happens in most cases due to the eave projection of the roofing sheet) No concrete fascia. What we did was with facing board and a cover for wind protection at the top of the sheets which should ideally prevent wind from lifting the sheets |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 1:34pm On May 23, 2025 |
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Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by debeey87(m): 11:19pm On May 20, 2025 |
Geekop: You may need to use felt cut into thin sizes or flashband to cover the overlaps. Thank you. Any recommendations for flash bands with good bonding. I know there are a lot in the market these days. Just want something to give me some rest from roof wahala |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by debeey87(m): 11:18pm On May 20, 2025 |
diordaves: What's the nature of the roof? Flat roof? What's the kind of roofing sheet? A frame with long span roofing sheets not flat roof |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by debeey87(m): 8:41pm On May 20, 2025 |
Another issue with my build is leaks through the ceiling whenever there's heavy wind during rain. Almost all the flats upstairs have leaks at different times in different parts of the flat(sitting room, bedroom, toilet). However, whenever rain falls without heavy wind, no leak is experienced in any of the flats.
I am thinking the roofer didn't overlap the long span sheets properly and that wind is properly opening then to allow rain drops. Last year, I covered all the nail points with Abro cement. We've had that issue as recent as yesterday again in 2 of the flats. |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by debeey87(m): 8:28pm On May 20, 2025 |
VanuatuWycombe: You, probably, didn’t damp-proof well or at all.
Also, most home builders, in Nigeria, ignore where sun rises and sets, when deciding where their house will face.
The side of your proposed house that receives highest sun hour are best to situate your bathrooms and kitchen.
Your bedrooms are good at that side that receives less sun hour. This helps minimize heat both day and night.
There may be need for you to remodel your bathroom with quality materials for plumbing, tiling and plastering. Great perspective you've shared on sun rise and sun set, didn't know that was a thing. Not sure my architect considered that when designing too. The affected bathrooms are on the first floor and not ground floor, care to explain further how this relates to dpc? |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by debeey87(m): 7:20pm On May 15, 2025 |
So what solution was used eventually? gabbytabby: When I have had this problem the culprit has been
1) Waste, pipes and tiles not properly connected and/ sealed so further leaks through the sides of the tiles.
2) Initial plan and plumbing for additional waste when bathroom is washed but tiler covered the spot so we did not see this until the leak from the wall and at least one attempt of changing the bend and re sealing which did not work. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 6:17pm On May 15, 2025 |
Ellah don enter Morgan capital's recommendation  |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by debeey87(m): 2:41pm On May 15, 2025 |
m2cad: Would be good to factually understand the issue rather than assuming
If the original installer isnt available, it will be advised to trace the line and locate the possible fault.
Breaking up the wall is a preferred bitter truth Thank you. That's what we will do |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by debeey87(m): 2:40pm On May 15, 2025 |
diordaves: The first plumber is useless. I will not be using his services anymore going forward.
The second plumber knows what they are doing. You probably have run a conduit plumbing system, so the pipe is buried in between the walls. A section of that pipe is leaking. You will need to chisel out that area of the wall to get to the source of leakage and fix it.
I had another discussion with the new plumber today, we opted to chisel the walls find the leak and fix it. Thanks for your thought
You don't want to start breaking walls. So, you need to terminate the water supply to that pipe outside and run a new surface plumbing. However this may not be straightforward because plumbing is a network. The leaking pipe may be linked to other sections of the supply network. Terminating the supply may disrupt the water supply to other sections of the house.
Terminating the supply from outside because you don't want to break walls and then reinstalling the network as a surface system may be more expensive than just chiselling the section of the wall and fixing the leak. |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by debeey87(m): 10:54pm On May 14, 2025 |
Two of the flats in my rental property have water soaking the walls from the toilet area.
First plumber I contracted said the issue was from opening between the floor and wall tiles, so he used water proof cement on the edges but that didn't stop it. We also noticed that the floor doesn't direct water into the floor drain so you still have some left over water on the bathroom floor. This was corrected by tiler recently by redoing the floor and water flows completely to the drain. However the issue is still there.
New plumber is saying the water supply is the culprit considering how much the wall is getting soaked and seeing it spread across the outside wall. He's suggesting we break the wall to find the leak ( I will prefer to rather run a new surface supply line instead of breaking the wall).
Has anyone experienced such and how did they solve it. Can waste pipes be responsible as well. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 7:57pm On May 13, 2025 |
drills: Please can someone help throw more light on V Boot/ driver for BETAGLASS share price rise. Improved earnings. EPS closed the quarter above 16 naira higher than same period last year |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 4:33pm On May 11, 2025 |
cocolacec: Conoil Not same as the listed company |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 4:12pm On May 08, 2025 |
unite4real: The outstanding shares of BetaGlass is 599.9M units.
Companies around this figures and with good fundamentals hardly see liquidity. maybe a stock split will help or the way of VFD Group with bonus shares Fair point you have raised. I believe that contributes to the ease of pump in share prices in addition to the good numbers |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 3:48pm On May 08, 2025 |
unite4real: na so we talk when PRESCO dey for around N160.
When investors spot value, they will enter the train. after all, it was still on full bid today Presco is liquid to an extent, beta glass doesn't trade more than 300k per day |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 8:55pm On May 04, 2025 |
pluto09: The stated eps in NASCON is not adding up. Someone should help with the calculations please,may be I am missing something. It comes to around 2.80 even with the outstanding shares from Q1 2024. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 9:57am On May 03, 2025 |
NSEstudent: Might be unrelated but does it mean you're encouraging mediocrity and corporate 'anyhowness'? If not, of what use is the account if, using your own words, transactions are made impossible? Like I said, I have banked with them 18yrs. Nothing of such happened in those years. Other banks had similar software upgrade issues same period although theirs was worse. So a glitch that lasted less that 3months or under 6months isn't enough to close an account for me. Not speaking to the issue at hand with VDM and his mother. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 7:09am On May 03, 2025 |
Youngzedd: GTBank arrested VDM.
https://www.nairaland.com/8414959/verydarkman-arrested-over-gtbank-loan#135211733
Who is advising these people? There are many ways to handle such an issue.
Now, it's operation close your GTBank account next week.
Their social media pages are on fire. Massive reporting and protest. Only Gen z do stuffs like that. Even when they had network glitches that made transaction impossible, I still maintained my 18yr old account with them. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 10:07am On May 02, 2025 |
Consolidated Hallmark didn't declare dividend. Sorry for the misinformation. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 4:09pm On May 01, 2025 |
Bigdeal01: Did ConHall eventually declare dividend for 2024? They did declare but it seems @sunrisepebble assertion about the possibility of not repeating their last year performance this year is true given this Q1 numbers. Also saw Aradel is a major shareholder as well as Godsmart a company owned by Nahco's board chairman |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 8:14pm On Apr 30, 2025 |
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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 11:49am On Apr 27, 2025 |
Princkez: Please guru's in the house I need your advice, between NAHCO and UBA which one should go for at current price...long term things. Not a guru, but I'll share my opinion. Nacho won't increase OS and if the numbers they're projecting is anything to go by, you will get capital appreciation and more dividend above this year. They also have a good payout ratio unlike banks that are handicapped by CBN in terms of how much they pay. I will take nacho over UBA. UBA has a fair price if you consider their EPS to the share price. There's a lot of room for price increase but banks are laggards when it comes to price appreciation in my opinion. Access bank is a prime example |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 5:10pm On Apr 11, 2025 |
Raider76: @Oga Emma. Pls excuse me while I go slightly off subject. I said slightly cos I believe real estate is also investing. I have a plot located at a prime area that I want to sell directly myself without using an agent. Is it advisable to do it this way, and if so, where should I advertise it? I no be oga Emma but you can use J i j i to advertise. I've sold 2plots of land I advertised there before. You can post in the property session of nairaland as well. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 12:16am On Mar 29, 2025 |
chimex38: Can someone explain to me like a 5yr old 👶 what the share price of this company is doing at over 40 rather than below 10?  This one pass OS matter. Even a 5yr old won't understand if it is explained to them. |