₦airaland Forum

Dennis3D:
Picture views of the Master's Bedroom Toilet and bathroom

Picture 2 is showing the skylight on the bathroom

Dennis3D:
Pictures 1 and 2 - Master's Bedroom POP and wall screeding

Picture 3 and 4 - Family Lounge POP and wall screeding

Dennis3D:
Children's room POP works ongoing.

Dennis3D:
Screeding started from the fence

DFAMEGUY11S:
yes sir

DFAMEGUY11S:
Good morning nairaland I'm here to provide all kinds of building materials such as ties door granite marble sanitary Ware South Africa BRICks

rotecch77:
Thanks sir
Meanwhile the welder man is in Benin ( the site location) but if your location is in Lagos let me know I have another man that can do same here in Lagos

rotecch77:
Update pics

Zicsng2:
...

ImperialCovfefe:
When the Naira appreciates, you don't hear a peep. Always silent. Even a 25% change?

sonnie10:
Work is grade by grade. This what a young man did for me recently. He used spacer

spyder880:
I had to bargain for everything, plastering, dressing of doors and windows, artworks, etc.

spyder880:
Some more pictures from our work at this site.........

DrAwo:
It's clear that GTCo is deliberately slowing loan growth possibly due to the low interest environment or for some other reasons best known to them...

Now that rates are up, we'll see what cards they have up their sleeves...

Very stimulating chat by the way...

DrAwo:
Concluding part...

The main point is that GTCo seem to have consciously limited the amount of loans they offer which has limited their net interest income and eventually, their profits...

They presently have the highest NPL amongst the FUGAZ (6.1% if my memory serves me well) which might explain why they are trying to clean their books first before resuming loan issuance at usual rates...

As I said, I might be wrong. I'm just sharing my thoughts after looking at their books...

I hope this helps ..

DrAwo:
So what's your conclusion or your thoughts?

Moat breached?
Moat intact?
Moat under significant threat?

I personally think they are in a bad run of form due to certain conscious decisions they've made... I expect them to hit their usual stride in a year or two...
This is a personal opinion and not investment advice...

Olaide1295:
@imperialcovfefe, Thanks for the heads up.
Can you help understand the image below relative to the current ~15% yield on Eurobonds. Is getting >700 units of the Stanbic USD fund on cowrywise a good deal for $1k USD (example)?

Another one is ARM Eurobond fund which is 75% eurobond. Help me understand how to calculate yield on the bonds relative to current market rates. Thanks.

Olaide1295:
How does one go about buying this? Any digital platform?

BullBearMkt:
...na UPDCREIT ooo. I tot @pluto09 is responding to your post. lol!

gbadexy:
Good morning chief engineer,
Graffitex is N16000 and it covers 6/8 sqm per drum.
The wall does not need to be screeded before application. It comes in different colors too and doesn't need painting but varnish could be applied on it to give it a shiny effect.
I've been asked severally online and offline if it could be applied on an unplastered wall and an idea just occurred to me that it would be possible if the blocks are primed with good quality paint.
This would help to make the surface of the blocks less porous, bind the loose particles and form a surface that would allow smooth application without wasting the graffitex.

ernie4life:
Not possible in the present Nigeria

ositadima1:
This statement ... this one that GTCO has bent its head one side like an old layer egg ... because the company's long-term fundamentals is bad or that some sellers are offloading for reasons unknown? If d later then we have a valuable stock.

What is you take on fundamentals?

edwardaigb:
Hello, where everybody?

KolaShangOne:
My guys can install for you...

This is a tile + marble combo we did last month.

emmasoft:
Thank you my oga for throwing more light. Some folks seems to be surprise on the upward movement of mmf rates.
Watch out for more rally in rate all things being equal.