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ImperialCovfefe's Posts

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InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by ImperialCovfefe: 7:06pm On Jun 12, 2022
emmanuelewumi:
Collect rent, manage and maintain properties then 10% of the profit are invested in fixed income.

Considering the prices of 2 of the REITs, I think getting a yield of over 10% from a real estate backed portfolio is good enough
For example, after removing the cost of maintaining the properties and depreciation, UPDC REIT requires N400m expenditures to collect rental income of N1.3b from 5 properties in Lagos and 1 in Abuja. The least they could do is index the fees of all the third parties to the revenue or distributable income of the REIT.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by ImperialCovfefe:
Are the REITs trading on NSE cash cows for the SEC and fund managers? I just went through a couple of audited reports. Even when you strip out depreciation expenses and property maintenance expenses, the left over cost is still routinely 30% of the collected rental income. Quite simply put, the cost structure is insane. Why does it take so much to collect rent on a couple of buildings in limited geographical locations?
cc @emmanuelewumi
PropertiesRe: Eziama Amala Ngor okpala Building Project by ImperialCovfefe: 2:02am On Jun 12, 2022
amazinghomez09:
Placing of the roofing sheet in progress
This parapet is lovely. What design of stone-coated covering is this?
PropertiesRe: Eziama Amala Ngor okpala Building Project by ImperialCovfefe: 12:59pm On Jun 08, 2022
amazinghomez09:
Roofing woodwork
Beautiful work. What was the cost estimate for the roofing woodwork?
PoliticsRe: APC Presidential Primary: (Live Updates, Pictures & Results) by ImperialCovfefe: 8:46pm On Jun 07, 2022
Instead of them to use these songs to calm the aspirants after voting. Skip please
PoliticsRe: APC Presidential Primary: (Live Updates, Pictures & Results) by ImperialCovfefe: 8:22pm On Jun 07, 2022
When will voting commence? They should stop these speeches
PropertiesRe: Isheri Construction - 4 Bedroom Luxury Duplex with 2 Bed BQ by ImperialCovfefe: 6:43pm On Jun 04, 2022
Dennis3D:
Yes sir. The Net will be sliding. While the window itself will be opening from the side... Reason why its called side hung
Can’t the net be also side-hung and open inwards, while the window opens outward?
PropertiesRe: Isheri Construction - 4 Bedroom Luxury Duplex with 2 Bed BQ by ImperialCovfefe: 5:57pm On Jun 04, 2022
Dennis3D:
Yeah
Updates are coming.

Just waiting so the aluminum guys can fix glass and Burglary with nets before I upload.
Help me clarify something, bro. How does the net work in a side-hung window? Will it have to be a sliding net?
PropertiesRe: Isheri Construction - 4 Bedroom Luxury Duplex with 2 Bed BQ by ImperialCovfefe: 2:12pm On Jun 02, 2022
Dennis3D:
More site updates from the window works here.

Its about the frameless windows for now.

The casement windows have been done
Hello bro,
What’s the opening mechanism for frameless windows?
PropertiesRe: Remodeling Of Old Duplex To Modern Type By Arbo Contractor Ltd ( Rotech77 by ImperialCovfefe: 12:36pm On Jun 02, 2022
Your work is impressive. Kudos
PropertiesRe: Remodeling Of Old Duplex To Modern Type By Arbo Contractor Ltd ( Rotech77 by ImperialCovfefe: 5:27am On Jun 02, 2022
rotecch77:
We gives thanks to Almighty God, Our client, our followers for this new project.

Location: Lagos
Client; Nl member
Duration :30 days.
Cost:7,500 Dollars


We are remodeling this structure to modern type.
What we doing here as phase 1 of the project ( from initial stage we met it to roof covering)
1. re- design to meet client modern choice
2. Re-sizing of the rooms to become more spacious ( master bedroom to become Olympic size stadium)
3. Re-sizing of the kitchen to become 5 star hotel kitchen( burj d kalifar hotel comes to mind here)
4. Reshaping of the approach view of the building
And many more.
Wow. All these listed items for that amount? Is the fee inclusive of materials? Does the scope of work include that parapet in the rendering in the original post?
PropertiesRe: Construction Of A New Security House And Generator House In Anambra State by ImperialCovfefe: 6:09am On Jun 01, 2022
spyder880:
Foundation depth for generator house is 1 meter
Foundation depth for the security post is 800 mm
Thanks
PropertiesRe: Construction Of A New Security House And Generator House In Anambra State by ImperialCovfefe: 2:28pm On May 31, 2022
Kudos Oga Spyder. Very interested in this. Can you give us estimates on the quantity of materials used? What was the depth of the foundation for the security and generator houses?
PropertiesRe: The Making Of The "Contemporary 6 Bedroom Duplex " In Anambra by ImperialCovfefe: 10:55am On May 29, 2022
spyder880:
Budget about N3m.
Thanks. Definitely worth it. Can you tell us the dimensions of the land?
PropertiesRe: The Making Of The "Contemporary 6 Bedroom Duplex " In Anambra by ImperialCovfefe: 10:48am On May 29, 2022
spyder880:
It's a very big compound......
True. Any cost estimates on flooring a compound of its size?
InvestmentRe: Eurobond by ImperialCovfefe: 1:19pm On May 25, 2022
yungestmoney:
Hello Ernie,
I opened a dollar mutual fund account with United Capital & according to them, payment can only be made through transfer.

Now, I operate a domiciliary account with FCMB where I only source for dollar locally then deposit with the bank.

My problem now is; my bank says I can't make any transfer to United Capital because of CBN restrictions on foreign currency transfer.

Please I need your assistance, what & what do I need to have the permission to be funding my mutual fund account through my bankhuh

Get a BDC to credit your domiciliary account.
InvestmentRe: Eurobond by ImperialCovfefe: 11:07pm On May 22, 2022
Your only consideration should be a reliable fund management company with good customer service. You might get frustrated otherwise. Transfer charges should be the least of your concerns
PropertiesRe: The Making Of The "Contemporary 6 Bedroom Duplex " In Anambra by ImperialCovfefe: 5:43am On May 22, 2022
Pros and cons for the choice of outdoor flooring?
PropertiesRe: The Making Of The "7 Bedrooms High Ceiling Bungalow" In Anambra by ImperialCovfefe: 5:18am On May 17, 2022
Well done, Oga Spyder. What’s the plan for the outdoor flooring of this beautiful edifice?
PropertiesRe: The Making Of The "Contemporary 6 Bedroom Duplex " In Anambra by ImperialCovfefe: 4:07am On Apr 11, 2022
spyder880:
Compound levelling in progress......
Very spacious compound. Much love ❤️
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by ImperialCovfefe: 10:29pm On Apr 07, 2022
Wapgod:
Is there a website that i can use to check the PE and PB of stocks listed on the NGX and the NASD?
Bloomberg's website
PropertiesRe: How Do I Eject This Tenant? by ImperialCovfefe: 11:58pm On Mar 16, 2022
emmanuelewumi:
This can't happen in Lagos.

Residential rental property is not a good retirement plan, it can be frustrating when tenants don't pay
What are preferable alternatives?
PropertiesRe: Screeding And Painting Pictures Of A Propertylander's Building by ImperialCovfefe: 8:59pm On Mar 04, 2022
gbadexy:
...
Beautiful. What's the colour used for the exterior walls?
PropertiesRe: The Making Of The "7 Bedrooms High Ceiling Bungalow" In Anambra by ImperialCovfefe: 1:59am On Mar 02, 2022
Oga spyder, Welldone.

A quick question, for the attached window, does a large window like this not pose a higher security risk in terms of breaking/entry considering the clime compared to a smaller dimension? If yes, what are the mitigating measures introduced? Thanks.

PropertiesRe: The Making Of The "Contemporary 6 Bedroom Duplex " In Anambra by ImperialCovfefe: 1:18am On Feb 15, 2022
Great work, as always, Engr.

Regarding the void/open space in this picture, is this the final design, e.g., will there be guardrails/handrails introduced?

Thanks.

PropertiesRe: Casa Ava: The Finishing by ImperialCovfefe: 6:13am On Feb 12, 2022
Beautiful
PropertiesRe: The Making Of The "7 Bedrooms High Ceiling Bungalow" In Anambra by ImperialCovfefe: 8:16pm On Feb 06, 2022
Excellent job, Engr. I especially love the frameless windows. Can the frameless windows be opened out like normal windows to let air in, for example?
Dating And Meet-up ZoneRe: Nairaland Virgins' Lounge by ImperialCovfefe: 6:18pm On Jan 23, 2022
Interesting thread. Dedication to a set goal is always admirable
CareerRe: Can You Afford That Foreign Degree? by ImperialCovfefe:
emmanuelewumi:
I got this from today's punch newspaper.

http://www.punchng.com/am-business/can-you-afford-that-foreign-degree/


Considering the present state of the country does it make sense for a retiree to use his gratuity to finance the post-graduate degrees of his 24 year son or daughter in either Europe or America
Any other medium? Won't want the name to appear on Nairaland. Thanks
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by ImperialCovfefe: 1:17am On Nov 25, 2021
emmanuelewumi:
Those in a WhatsApp group I belong to knew when I sold 95%. I started buying at N8.00 and stopped buy during the right offer in 2017 at around N40

I can't stand dividend reduction, dividend stoppage, earnings reduction or losses by a company, it means the dividends are not safe.
How does one join the WhatsApp group?

I sold 98% of my UBA shares in 2020 when the company drastically reduced its dividend, l used the fund to buy 2050 FGN bond at about 13.5% yield
InvestmentRe: Eurobond by ImperialCovfefe: 1:38am On Nov 06, 2021
Stanbic dollar fund pays out the dividends once a year. IIRC, I think it's around December yearly
InvestmentRe: Bonds Investors Hub by ImperialCovfefe:
Akerewe:
I will prefer FGN BOND perhaps what's is senior unsecured bond ??
Senior means it ranks higher than other debts if the company is liquidated to pay back creditors. In that eventuality holders of the debt are at the front of the queue.

Unsecured means the debt is not backed (or collateralised) by any of the company’s assets. You won’t be able to directly swap the debt for a particular asset in a default scenario.

These terms (along with others) allow investors to determine the appropriate level of credit risk they would be undertaking if they subscribe to the offer. This in turn helps determine the pricing which is reflected in the yield you see.

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