₦airaland Forum

Enyinne:
One aboki dey tell me transfer is 487 per dollar .how come u sold at 497 . Kindly enlighten me . I hv transfer to sell on Tuesday

Tell me how to contact you , might be interested

spyder880:
Fellow stockists in the house, let's just hope Madam dont complain because we have taken two rooms in their house

This inflation war, we must win it by fire by force.

No be small thing This is what 100 tonnes of iron rod looks like

EgunMogaji2:
Transfer. I think cash may be less?

Not bad at all , for the volumes I do can’t get at that price

Cash is 480/85

BrabusNG:
Kindly add at least one or 2 dump trucks sir.

One of my big bro have 5 dump trucks and he never had to worry about increase in price of building materials because he’s making huge savings on sand and aggregates.

____

The Dangote way

I no be building contractor nah , make some other people chop too

EgunMogaji2:
I sold at N485 this week.

My advice is for folks to tie money down into products and property. I immediately reinvest in lands as soon as I sell one.

Absolutely, kwarect , using my skills and experience honed over 20 years as a manufacturer , Not one devaluation has caught me napping over the last 14 years,

Was that cash or transfer ?

gbadexy:
I didn't believe it could ever get this high. I wanted to buy materials in bulk around December but felt companies would resume by january and materials would be available again hence driving down price.
Major binder acrylic that was sold for N470 is sold for N1400 per kg as at now. Major pigment used in nearly all colours, titanium dioxide is solid 2 times the cost it was as at October last year, plastic container is twice the initial price with some change to spare, materials for oil based gloss is over 3 times the initial cost and they keep rising weekly!
It's like living in a nightmare that refuses to end.
Those that hesitated when the price just started rising would have to pay more or wait and hope it comes down which won't be anytime soon nor to the old initial price.
I used to know the finance ministers due to their activities and updates of their activities but now I don't even know who is in charge. Even if I read about her now, I would forget in hours.
Folks should brace up and strive to get whatever needs doing done if capable.
God forbids but na so Zimbabwe economy reach where it is gradually with great descent and no apparent reasonable attempt to stem the tide.

Once you have an overview of what happens locally and internationally you can predict most price increases . People must be proactive in times like this , if you have funds and have a future project , tie it down in materials obviously you can’t do this for all inputs

Started the construction of a project 1 March last year , bought most of the copper wires, iron rod , generators , transformer that same month . Project should be commissioned this may hopefully , you can imagine the savings

Have a proposed 3rd project am working on , no drawing no approval nothing yet o , just concept discussion, when I was buying iron rod to complete my second build asked the builder to give me a rough estimate for that also ,placed order for both 2 weeks ago , in the middle of supply prices changed I Just smiled

For that 3rd project I have placed order for generators last week , the supplier outside the country said prices will go up 1st April due to increase in copper prices etc, am sure i will buy transformer this month god willing

Delay is dangerous in Nigeria , add devaluation fears , inflation , port congestion , reduced importation , all causing scarcity and increased in prices . transfer is 497/8 to 1$ Now

michlins:
If you have the funds, secure your iron today now. It's about to go down in China. As expected, when the prices increase in China coupled with our exchange rate and expected rise in cost of transport as a result of increase in cost of petrol.

E go shock everyone. A sheet of checkered plate door is 33,000 right now if you see it

Spot on , not just iron , most commodities prices have risen over the last 6 months especially in the last 3 months , copper , aluminum etc , expect price of aluminum roofing and copper wire to rise further

Can’t begin to tell you the savings I make by buying things way in advance when I have a project , mind blowing

neduboo:
How soon will it drop to #3000? I might have to postpone my project till it drops

Should drop when the rains come fully , got 900 bags of 3x for 3300 this week

But why wait like someone said , time is money

Cement might drop and other things will rise

ahiboilandgas:
as a (dpr)rule stations must be 3km apart (This now abused ) this to make each station profitable and maintain markets share in the bloody red oceans filled with sharks .....like wise pharmacy is 500m distance.(regulation )Or built a refinery (capital intensive )like dangote and jump out of the bloodied shark infested red ocean to a calm blue Ocean which will remain undisputed......or make the competition irrelevant. and create an oligopoly....

Pharmacy is 200 meters

zuraking:
akala express is hot cake now even lands I bought for 1.5m in kasumu 2 years ago is now selling for 3.5m

Someone has 2000sqm and wants to sell 2plot for 55m on akala express after bishop lounge around that round about.

Came late to the party but it’s ok , bishop lounge ? Not heard of that

Sent you a mail

Beeshop u mean ? Know the place �, checked one in that area , Will hope it’s not the same

Hi everyone

Looking for a parcel of land along akala express ibadan , if you have direct briefing , let’s talk , seen a few but I like to consider as many options as possible before deciding

Preferably 1500 to 2000 sqm

Cheers

OBAGADAFFI:
Really, did you fill any form.

Did they give any qualifications day.

Dint fill any form

Received payment already , don’t know about any qualification date . Should be payment from verod capital

Received an alert for all my law union and rock shares this noon

But I did not agree to the sales nah

n3xt:
#thisislagos


Picture Credit: Skyscrapercity

Where is this , Inagbe resort ?

Looking for a place for a little R and R

ositadima1:
Oga Ahib dey try, he is very current. Earlier this year, he mentioned zenith beign a good stock to buy at the price then. That provoked my intrest in d NSE. I liquidated my small Tbills, then split in 2, put one part in d 7 year sukuku bond and d other in the stock market. Zenith has appreciated with more than 38% since I bought it. Though, I am in d market presently as I believe there is still room for growth.

You try

Did about 38% with gtbank , 45% with zenith ,and 55 % with nestle minus dividend , lowest was dangote did about 30% inclusive of dividend with dangote . Sold all . Objective completed , not a stock person . Will be lurking on the sides for any future crash , maybe I will return to money market and there 4%, or investment one fd at 7% for now

XiaoLi:
Yes i did but that was just a chunk of my capital.

Don’t see why you are too upset , you have hedged some or most of your funds ,you should count yourself lucky , what of those that dint change any , Just learn from this and know how to be better with the next crisis

For me apart from the hedging I did in $ and inputs much earlier in the year , I did a lot of plays in the stock market when it crashed March ending , just existed over the last 2 weeks with 35 to 55 % gain , beaten devaluation with those funds also ,also doing some plays in commercial properties . Wont indicate amounts involved in my plays , realized not many people can handle figures here . it’s not compulsory we all partake in economic downturn, recession or devaluation With proper planning . We learn everyday

Finally got 900 bags of 3x dangote cement today at 2800

Should get another 800 superset at a lower price thru a a contact of Brabus tomorrow . You do well bro

BrabusNG:
I can understand especially with the quantity of cement you’ll need on both. You’ll have to push ring road though because of the formwork sir.

2700 is a good deal.

My contact too will do 2700 (Elephant Cement) to Ibadan but offloading will be paid for separately.

15 - 30 naira per bag depending on how close the store is to the truck.



_____
BrabusNG is n3xt

Exactly . because of the marine board , actually told the engineer to go ahead if they could get 300/400 thru his own source on Saturday to do the casting over the weekend , no luck

Positive they will get supply tomorrow or next

n3xt:
That’s the situation right now. We were lucky to get the 200 bags.


Experience has shown me that it’s always better to buy in bulk. It’s safer and cheaper in the long run if you want to avoid cost overrun.

I had to invest in a mobile storage for this cos the cost of building storage facility aren’t cheap too

Not been on this thread for sometime , how u dey

Sadly realized cement prices were up on Friday just as we wanted to cast

Holding up both my projects esp ring road , hopeful of delivery of 900/1200 bags tomorrow at 2700

PharmAlfred:
Look out for FBNH. It will shock a lot of people

In what time horizon is the koko ?

As men of honor we join hands

RabbiDoracle:
Tesla needs to fall towards $278. What will cause it to fall this low will drag:

Dow : 16K
S & P : 1,800
NASDAQ: 5,800

And I truly don't know what will cause it. This is an early warning.

Then lots of EMs and FMs could have contagion effect from the developed market fall. The liquidity driven rally is about to come to an end in my opinion.

Are you still in the market or u have exited

EgunMogaji2:
The fence work alone with the metal gates clues the project in as one of international standards.

I’ll be passing by there in about 30 minutes and will try to take pics.

Know the place , just spoke with n3xt

Owned by glo/ Adenuga . Construction was by Cappa dalberto , I have another project on that same road not far from there

n3xt:
He’s Lagos based (Aluminum Village to be precise). Just left Ibadan on Monday. He came to do a kobo kobo project for me in Ibadan

The structure is too simple to notice it.

+2348023429122 is my WhatsApp number.

Ok , hope he does glass cladding for lifts also

Will try to check it out , don’t actually stay in ib myself

Most of the quotes I have are from lagos people anyway

n3xt:
It might take few more years tho but I can see new dynamics and changing landscape.

I can recommend a guy though in the aluminium village with vast experience in what you’re looking to achieve. He’s not a contractor.

If what Julius Berger recently delivered at Anfani Junction seems more like what you’re looking for, I think I have the guy.

Not seen what Jb did at afani

But send me his details , is he based in ibadan ? Will chat u up later

n3xt:
Well done!

A lot is happening in Ibadan recently. I really mean a lot.

If the state governor get it right, why might kuku leave the overpriced Lagos lots to go and buy better lands that requires less to build in Ibadan.

Absolutely , I personally feel ibadan should get more traction , add to all you have said the 3 lane express and railroad for trains after completion

n3xt:
Ibadan is blessed.

True but wherever I make money is blessed

I am in need of quotes for supply and installation of gray powdered coated aluminium ebm curtain wall system and frameless glass for a commercial project on 3 levels , nigalex could also be considered , external glass will be 6 or 10 mm untempered , internal is 10mm tempered , it includes collapsible doors

While I have several quotes already , been following this thread for a few days and I feel I might be able to get better in terms of quality and pricing , must be people with verifiable projects preferably commercial . Location is ibadan

smitten99:
Please what email can i copy to get the registrars to pay my dividend

I want to send them a mail as they are not picking up their phones

GTL registrars to be specific

I have submitted my e-Dividend forms at by Bank and they have transmitted it

Thanks in advance

‭ info@info.gtlregistrars.com

peshiet@gtlregistrars.com

info@gtlregistrars.com

Complaints@gtlregistrars.com

Those guys need to wake up , finally got my nestle dividend about a month ago , keep trying them also , they will eventually pick it

CashDiMkpa:
Okay. Roger that.

Can you share a copy here?

https://cardinalstoneregistrars.com/wp-content/uploads/2020/04/LUR%20NOTICE%20OF%20AGM%20AND%20PROXY%20FORM.pdf

@ cashdimkpa

Received proxy mail today

CashDiMkpa:
http://www.nse.com.ng/Financial_NewsDocs/31228_LAW_UNION_AND_ROCK_INS._PLC.-_NOTICES_OF_COURT_ORDER_M.pdf

Any shareholder of Law Union in the house? Please appoint me as proxy so that i can participate in this court ordered meeting. There are a few pertinent questions for law Union Board and management.

The purchase consideration per share of N1.23 is at a 28% discount to BVPS of N1.71 as at Half year 2020. Verod Capital and management/board are are leveraging on depressed prices of insurance stocks over the past few years make that purchase consideration look attractive. For 100% sale as an invetor i will be looking for premium on higher of market price or book value per share (whichever is higher)......and this is one of the better managed insurance companies.

Retail shareholders getting s*rewed as usual by the institutional ones. Alternative Capital, Swanlux Solutions etc. una try o. Shareholders have to leverage on Resolution D to get them to increase the consideration. But it will be a tough call as the institutional investors control close to 80% of voting rights.

I could appoint you

Have a few million forgotten shares there

Received a call about a month or so ago from someone there reminding me about an offer for purchase or something

Been thinking of what to do since the call , what happens if I refuse to sell

ojesymsym:
That's like 5%. Quite low. But it is a good one to have in a portfolio. It has a trading volume that is almost 10x DagCem.

If Covid couldn't force it down I wonder what can. I don't want to do had I known in future.

What might force it down is availability of cheap dollars and resumption of competing imports from Malaysia and Indonesia . Maybe