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Rmx's Posts

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InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by rmx: 2:49am On Sep 05, 2023
Shalom428:
Vacation in Bahamas , not retire in the Bahamas
Ok . Nice place cool
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by rmx: 1:50am On Sep 05, 2023
Shalom428:
Dangote and I are two different people with two different philosophy about life .

With more than 8 Million Monthly for the next 25 years in my Bonds , I am definitely a happy man for life. Contentment is the key word

I don't need a yacht or private jet . I am not going to be a prisoner of rat race . The rat race is rigged to keep you running.

The set goal has been met , it's time to enjoy life while I can .

Best of Luck.
You are sure 8m or 8k usd monthly will be enough to retire in the bahamas ?
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 9:09pm On Aug 31, 2023
topsy23:
Good afternoon to everyone. Nigerchin cable manufacturer release their new price list this week and percentage increase is about 35% for the single core cables. Remember the notification was sent 3 weeks before the implementation of the new price.

Now other cable manufactures are ready to follow the same procedure now since all of them are importing raw materials from oversea. Things are not working normal in this country. Imagine 35% increase and there is no regulatory body controlling price in this country of ours. God will help us . .

My Advice to people now is that if you have the opportunity to buy your cable and keep pls quickly do before others increase their price.

Coleman
Wichtech
and other are yet to communicate their new price to distributors.

Thanks
Na wa , I should be starting another project soon , maybe I should take the plunge and start my usual advance purchases . When is the last day to key in ? I no come Dey again
InvestmentRe: Treasury Bills In Nigeria by rmx: 7:23pm On Aug 30, 2023
odimbannamdi:
I agree...but we were once novices to the things we are now experts in... cheesy...besides, with you dropping recommendations, it will help us earn while we learn.
Follow the stock exchange thread , look for it

Try and know the basics by reading , lots of free resources online , You don’t need to be an expert before you start investing . Do your due diligence as you are the architect of everything that happens to you cool good or bad
InvestmentRe: Treasury Bills In Nigeria by rmx: 3:31pm On Aug 30, 2023
XiaoLi:
Build and sell if you are in Lagos, it is more profitable than build to rent and bonds
I agree especially for residential, take all your profit upfront and move to the next project . Might take more time however to sell
InvestmentRe: Treasury Bills In Nigeria by rmx: 3:28pm On Aug 30, 2023
emmanuelewumi:
Booking profit has nothing to do with the size of the fund, I have being buying Dangote Sugsr since it was N6.00 when it was discovered to be undervalued by Afrininvest, United Capital, CSL and other investment houses.


i got a loan to buy more in November 2022, my share from the proceeds of the sale of my grandna house was used to buy Dangote Sugsr and Nahco.

Dangote sugar supplies sugar to Coca cola nigeria, Seven up bottling company, Nestle, Cadbury and many companies in the foods and beverage industry, demand is growimg and the future is btight.

You did the right thing by selling at N52 after achieving your objectives although it closed at N57.50k yesterday.


i am riding it till it gets to N100. BUA foods is now N180 with 18 billion shares, Dangote foods will exceed N120 when the merger is concluded.
Objectives were over met , I agree it might get to 100 , I personally help that ministry by consuming 300 bags monthly in one of our enterprise
InvestmentRe: Treasury Bills In Nigeria by rmx: 3:03pm On Aug 30, 2023
emmanuelewumi:
The liquidity is poor, predictabiliy of the cash flow is also


Better to have a warehouse, event center, car park, Mall, shopping complex, luxury apartments etc. This is why i have shares in UPDC REIT and SFS REIT
Correct , always do commercial not residential, rate of default much lower , service apartments / Airbnb is another one for consideration . I do malls that I also take as a tenant
InvestmentRe: Treasury Bills In Nigeria by rmx: 2:03am On Aug 30, 2023
emmanuelewumi:
A guys could not sleep well at night because of his paper profit and had to sell 550,000 units yesterday to cash out about N27 million.


If he invests this in FGN bond he is sure of a coupon of about N4.4 million per annum for the next 25 years or more
Hope am not that guy grin grin grin

But seriously that amount is insignificant in the scheme of things for me , I can put the money to far more profitable use than bond , than even stocks . I understand the need for diversification but don’t do bonds . I do first and foremost my businesses , real estate and dollar mutual funds and occasionally stocks when glaring opportunities knocks, by the way I entered the market with multiple of the total coupons for 25 years and I still sleep soundly like a baby grin

Done treasury bills and FD short term in the past (when naira was more stable )till the funds were deployed to more profitable use

In this our journey of financial freedom and building sustained wealth , there are many routes
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by rmx: 1:47pm On Aug 28, 2023
emmanuelewumi:
Is it for capital appreciation or Investment income
Both land/real estate appreciation and rental income

But Add to that the oga patapata of them all , income from a thriving business if you have one at the location
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by rmx: 1:20pm On Aug 28, 2023
emmanuelewumi:
You sold to buy what
Real estate
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by rmx: 12:32pm On Aug 28, 2023
vacanci:
did you sell on the full bid?
If at 52.25 , yes
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by rmx: 12:31pm On Aug 28, 2023
Willie2015:
U for dey release am...
in tranches na... grin cheesy
till he reach 60..
grin grin , no regrets , expectations over achieved ,make others ride am to 100
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by rmx:
yMcy56:
Banking is currently on recess..... smiley

DANGSUGAR: Full bid @52.25!
GSK : Full bid @11.65!
TRANSCORP: Full bid @6.38!

This too much Sugar wey una dey chop, diarisGod oo. grin
I tell you , All my 550k units was snapped up in less than 2 mins . Make other people chop too grin grin. I don comot this market

Thanks customstreet and currentprice
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by rmx: 3:02pm On Aug 10, 2023
narite:
Total Destruction of wealth, years of savings, waste of time, effort and money investing in the damn economy.

Honestly, if anyone on this thread (mostly the active individuals) do not have at least 30% of their net worth tied to the dollar up till very now, I would truthfully suggest they humbly give their money to someone else to manage it for them.

Let face the harsh realities; those of us who do not jump on this dollar train are in great massive loss, I don’t care what you invested in. The loss might not directly reflect on your portfolio but it is there, it is significantly there.
grin grin grin grin grin
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 10:06pm On Aug 01, 2023
EgunMogaji2:
I saw it this morning. The details are very striking.

I’m very proud of you Sir.
We thank God alone for how he made it happen . Seems Just like yesterday I was asking for leads on how to get land on this very thread
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 8:56pm On Aug 01, 2023
EgunMogaji2:
@rmx

Sunrise Mall is looking good 🤠
grin grin grin you must have seen the banners sir

Give us another 3 or so months to be operational God willing
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 11:29pm On Jul 28, 2023
KolaShangOne:
"Just warming up" grin

MacFoster was telling me about the Akobo development when I saw him some days ago..

Well done!!!
✅✅✅
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 8:19am On Jul 28, 2023
Petmayor:
So, what's your shop address/description at Bodija?
Or where exactly is your shop located and address?
Sunrise at favos bodija
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 9:34pm On Jul 27, 2023
BrickDevo:
How do we impress you | Vistor's toilet interior design ~ Brickstakks
Nice
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 1:04pm On Jul 27, 2023
EgunMogaji2:
Excellent.

My immediate older brother lives in Bodija.
Am sure he knows the place already . Sunrise . Bodija has been good to us
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 10:04am On Jul 27, 2023
EgunMogaji2:
You have a place that we can shop at and you didn’t tell us?
cheesy cheesy too far from you end , at bodija

will start operation soon on akala express , next 3 to 4 months God willing . Much closer to you

Will start operation at ring road this Saturday . Pls join us

And am only just warming up grin grin grin

PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 7:44am On Jul 27, 2023
dannie007:
5 Hangers Should be OK Sir.

As for the Transport if you are Ready about the Job I will go to Confirm the Cost of Bringing it down.

And for the picture Sample. Is just to show the particular designs of the Hanger Available..

PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 7:42am On Jul 27, 2023
EgunMogaji2:
Sorry Maduabuchi the store is still going. They killed the owner but his wife I think is the one running it. Lots of types of doors.
Wife and son

They shop at my place
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 10:47pm On Jul 14, 2023
Vocals:
35 mins drive to challenge ib, 45-50mins drive to Lagos, 45-50mins drive to abeokuta
Looks like a place close to sagamu interchange, to fulfill those commute times you mentioned .
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 4:35pm On Jul 13, 2023
Horlardorjah:
The main roads are super tight now and it's doubtful getting vacant land along ologuneru main road. The one sold last year was a two plot with two three bedroom detached flats on it and was sold for 32million naira as at last year August and no sir I don't have any personally on the main roads of both akobo and ologuneru presently.

but there is an hectare at eni-osa after olorunda abba, three plots together off olorunda-abaa along success road sir, and lots of single plots inside akobo oju irin, elewuro and the likes sir
Ok thanks . 32m is a steal for 2 plots now , 50 upward is the asking at the moment . Akobo is x3
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 7:54am On Jul 13, 2023
Horlardorjah:
12-15m will give you a tasteful home with good finishing.
Akobo, ologuneru, elebu area are well developed areas in ibadan that will suit your need. We can easily do your architectural working drawings n we also have some properties in akobo and ologuneru for sale as well
What’s the going rate for properties on the main roads of Akobo and ologuneru , do you have any
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 9:12am On Jul 10, 2023
@kolanshangone and Egunmogaji

Just concluded some transactions at Akobo and oluguneru, prices seems mad at the moment for commercials at ib , is it same for residential ?
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 9:12am On Jul 04, 2023
dannie007:
For 1m × 5.9m will cost you 350k plus installation. Excluding Transport..

For Such span will come with 5 Hangers
Ok , what happens to transport

Why 5 hangers, is that enough ? , the pix you posted shows about 3 hangers for 1 or 1.5m length .
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 4:36pm On Jul 03, 2023
dannie007:
Here is the Sample of the Design available. 1.5m 100k inclusive delivery and Installation.

Send me the Measurement of the space.

Call or Whatsapp me.
OX Furnitures/interiors.
08066377733. 09090040008.
Need something similar, to cover a lift entrance and stairway Exit at a roof top , to prevent driving rain from entries . Length 5.9m , builder suggested extension of 1.2m but maybe 1m can fly , location is ibadan , let me have a quote . Thanks

What’s the covering ? Dampalon ? Plastic ?

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by rmx:
emmanuelewumi:
Another problem is that most of us, maybe 70% of us believe stock market is the only game in town.


Those who win long term are diversified. I thought I was smart in 2006 when I was pyramiding my gains into bigger speculative position, i was an unrepentant margin trader between 2002 and 2007.

Whereas older people in the speculative business were using their gains to buy properties, expand their businesses, buy forex denominated Investments,

My saving grace in 2006 was because I did not buy private placements, dead stocks, penny stocks, insurance stocks and any of the stocks marketed by Yomi, if not i for hear serious wheeeen.
Been following the discourse for a day or 2 now

You finally hit the nail on the head for me , that is how I roll , stock market is just part of diversification for me , when I see opportunities that are too good to pass , I plunge in , like doing Covid , the various business I run is the koko and probably real estate , I do not consider myself a long term investor even though I have shares from ipos like gtb from way back and I have bought a few over the last 2 decades , I did analysis of the current value of the 1m worth Of gtb I bought on this page some time ago

My Covid loot of close to 9 figures was used to buy real estate on which I am presently constructing now

We all have various objectives in stock market investment depending on your age , amount of funds available at your disposal , other money making opportunity cost , knowledge and information , risk appetite , time frame available etc

It will be difficult to convince an average trader that has a successful trading business and is compounding his returns by reinvesting in his growing business to invest in the nse

Presently in the market again , though the opportunities I see is not like that of Covid 2020 grin grin grin ,
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 11:48pm On Jun 17, 2023
EgunMogaji2:
Question of the ForEx changes.

Are yah all keeping your dollar or changing to Naira?

Thanks.
Interesting question , can’t be a one size fit all answer , depends on individual and so many others factors

For me changed some recently , about a quarter of my holdings to conclude some real estate transactions and position in local stocks just before the advent of the new administration

Note ,most of my accretion were done at 200 to 360 , the last was done just before Covid , it’s one of my asset class , so not selling all anytime soon regardless

But my prognosis is a slight increase in the short term maybe to 800max and a gradual decline to 650 to 700 if the current reforms are well managed , transparent and foreign investors respond , a lot of ifs grin grin
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 11:32pm On Jun 10, 2023
topsy23:
1MVA, that's for factory . The diesel consumption would be much at full load. But if you have 33KV high voltage line it will help you alot. Running diesel engine 8hts a day with that capacity of generator is not economical at all. If you connected to 33KV grid line, at least minimum of 20hrs power supply a day
I am on 33kva, been on it for 17 years , not as reliable as when I installed but you need back up now

Even akala that you are doing is on 33kva already nah cool

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