₦airaland Forum

emmanuelewumi:
Where is the location of the property, this will give me an idea if the rental income of about N4.7 million is feasible

I have answered this before naa.
It is at Onipanu, the printing business area of Somolu.

chimex38:
By his write-up.
Seems he doesn't understand that bonds are locked-in throughout the years at that percentage(say 17%) per annum 🔐.

He think it varies yearly as economy variables varies.

I think it's an enlightenement issue not that he's already fixated.

You understood the matter better than our street brother.
I thought bond rates varies like interest rate.

awesomeJ:
The beauty of bonds is that once you lock in, the coupon rates are fixed.


I think there's a June 2038 bond with a 15.4% coupon.

If you're able to buy it at par or a little premium (maybe N1020 per unit), you have the 15.4% locked in, even if yields later crash to 5%.

You get N4.3m tax free if I'm not mistaken.

Whereas your N4.7m rental income would be liable to 15-23% tax meaning you might get below N4m. When you discount maintenance, rent loss to vacancy, tenant default, it might be below N3.5m or below N3m in some cases.


Plus like others have said, you're not getting the N28m back after 15 years.

From experience, rental yields are super low, what makes it better is the capital appreciation if you own the building.

This is very elaborate. Learnt a lot here.
Thanks so much.
Besides I sent you a mail, kindly respond.

emmanuelewumi:
Okay.

When I read it, I thought it was a purchase.

Will he pay the N28 million upfront or he will pay per annum at about N1.7 million

I am to pay the #28,000m to the developer within one year and have the property for only 15years.

unite4real:
i think u should clarify with oga Emma that the N28 million is not sale amount but you are leasing it with that amount. the house will not be yours. so there is no capital appreciation here since you cannot be looking at the future value of the house.
in essence you are leasing it for N28 million, then give it out on rent for 15 years and hand over. I guess that during this period, you will be responsible for all renovations. also there is not guarantee that you will receive your rents promptly.

To have peace of mind, just go and buy FGN bond at 17% and you have guarantee return(like rent) of N4.7 Million annually and you have your N28 million back at maturity. remember on your lease model, the N28 million will not return back to you.

Thanks for your contribution.
But we all are expecting FGN bond rates to fall as soon as possible as inflation eases out which means i can on enjoy this for perhaps just one more year. Or do you visualize a possibility of stable bond rate @17% going forward?

awesomeJ:
He's not being sold the property, just a long term lease.

You are right.
Oga Emma I believe you have captured the whole scenario properly. Now kindly re-evaluate the offer.

Please note that I appreciate every contribution on this topic so far

https://punchng.com/fg-inaugurates-panel-for-capital-gains-tax-rollout/

I hope these ones will seek input from industry experts and investors.

Raider76:
Dangote offers dollar dividends to lure investors to refinery IPO

https://businessday.ng/news/article/dangote-offers-dollar-dividends-to-lure-investors-to-refinery-ipo/

Good news for investors but may likely turn a bad news to the Nigerian economy because Dangote may insist on selling refined products on dollars to the local market which means farewell to exchange rate stability at the long run.
it is hard to earn naira ( from the major market) and pay dividends in dollar.

emmanuelewumi:
Where is the location of this property in Lagos Mainland.


This is about 16% rental yield on the property which is more than the average yield of 6% to 7% in the property market

Somolu to be precise.
I had a one on one test of the prevailing rent cost in the location while discussing with the agent. The client he arrived with from inspection while I was waiting for him had 1.5m to rent 1 bedroom flat but they haven't been able to find yet. All available ones are going for 2m according to him. 3 bed according to other agents within the location is going for between 4.5m-6m per annum.

You are wrong on the demolition part. This is a redeveloped property by a lease developer, in fact he is redeveloping to transfer to the land owner after 15 years. They are yet to even complete electrical fittings but wiring, pop, tiling and every other thing are in place.

Note also that there are a total of 6 flats on the property and I am only getting 2.

My fellow investors please help me to evaluate this investment decisions:

I have an offer to undertake a long term lease for a property containing one unit each of 1bedroom flat and 2bedroom flat for 15 years at 28,000,000.
From my investigations I can rent the 1 bedroom currently at between 1,700,000-2,000,000 while the 2bedroom can go between 3,000,000-3,500,000 per anum. The building is just newly completed and at a very good site in Lagos mainland.

Now here is my question:
Investing such amount on this real estate offer and investing same amount on good dividend paying stocks like GT, NAHCO, PRESCO or Okomu which is a better decision at the moment considering preservation of my capital, better ROI and consistent cash flow within the next 15 years?

Please your candid opinion is required.

Testimonies777:
Ordinary "T" or with Power? Please confirm make we do our DD

and the 3 states...?

You likely see serious activity in these three states where XXXXXX has its heaviest footprint or new opportunities:

Rivers State: This is the big one for Q4. In November 2025, the Federal Government (NCP) finalized the regularization of the XXXXXXXX sale to "T". This secures a massive asset for them in Rivers.

Delta State: Home to the XXXXXXX," T" cash cow. The new reforms allow them to optimize this XXXX and sell XXXX more flexibly within the region.

Lagos State: Lagos has been the most aggressive in domesticating theXXXXXXXX (establishing its own XXXXX market)." T" is a key supplier that will benefit from selling into this high-demand, paying market.

He was talking about Tantalizer

I didn't receive MTN Nigeria's dividend. Since I returned to NGX this year every company I qualified for their dividend has paid into the account number I provided to my stockbrokers without my having to fill any additional e-dividend form. What might be wrong with Coronation registrars, I thought investors here rate them highly?
Please who knows their email address so that I can contact them to release my patience benefits?

Oga Agba see your fellow billionaire friend.
He is a billionaire only in NSEMPA thread but scared of 'ordinary' #500m in real life.

Please go through the attached pix and know that SpaceX is not a bad boy

PETERiCHY:
After a DEAD CAT BOUNCE, Next is
GOOD BYE JANET


BARGAIN HUNTERS TAKE NOTE!

My first time of seeing Agba and Peter on same band wagon. I thought they used to be water and oil that can never mix. Oga na we ask you to sell-off?

awesomeJ:
I didn't get this quickly. I was like abi it's ARADEL he's saying??

abi sboga has influenced his writing??.

But I later reckoned Aradite is like a glue.

So Akagum yeah.

Of course. Why pay N20m to the government in a year for them to loot. When I can either give N10m to 2 people each and likely change their lives or commit to supporting people with their bills 100k at a time, i'd be able to give 200 such supports in a year.


And in a few more years, I will even be thinking of N200m in potential taxes not N20m, imagine how many people I can impact per year. Cos government won't help them as much.

You gerrit bro, if don't gerrit forget it mehn!

Well, you are very right, trust is an issue here. Why give my money to an institution that I know will not manage it properly but loot it rather.
It was only when Wike met his march that he started saying 'this country belongs to all of us' did he forget that when he was demanding for a whopping #25b monthly from the resources of over 10m people?
Disclaimer: I read this information from a newspaper o!

On a more serious note our government needs to show working with the resources from Natural sources, VAT, CIT and several other sources available to them currently before seeking to increase tax base at least that's what obtains in the developed world. That way citizens confidence will be boosted to give more to the government while expecting better life. Doing such with the existing profligate status quo is as good as an armed robber demanding for more money from his victim.

awesomeJ:
Taxing 1% on sales could be taxing investor's capital which is worse.
They already take 0.3% through the SEC, taking it to 1.3% is like a 333% hike, worse than the 200% hike on CGT, and it won't be avoidable like CGT is.

This investors una hand na Aradite o!
Una no dey give shi shi like Obidients, Lol!

mikeapollo:
They should suspend the CGT as well.
This govt should invite very good technocrats that can give them good advice on how to run the economy.
Their main focus seems to be on using every means to imposes taxies, levies to generate revenue and it is creating big problems!

The bolded is not possible in a nepotistic government.
Just ask your self this question 'is it possible to assemble the most qualified technocrats that will properly manage the Nigerian economy while focusing on just one tribe'?
Minister of Finance
CBN governor
Tax Committee chairman
FIRS Director.
How did we get here? and for those celebrating nonsense because 'it is their turn' where are we going from here? What happens after? (8 years). Cycle of trial and error with any serving president's tribes men continues till when?

Mpeace:
Yesterday, almost 13billion(12.9billion) entered Aradel, hmmm these people no want make we buy this stock low.
I missed the chance to top up at below 700. Had to buy high at 710 yesterday. Make Una bring this stock down small naa.

This is very easy naa, just search for Oyedele's number and ask him to change his mouth again and insist on retrospective implementation of his CGT law from the pit of hell. It's just as simple as that and you can get Aradel at even 450

KarlTom:
No. BE is the price you have to sell to break even (no profit, no loss).

The bolded is the unit cost

In other words BE = unit cost + sales cost right?

[quote author=KarlTom post=137448320]It's all good. I assume this is MC or ATLASS

86.82 is the total purchase cost (unit price + brokerage fees)
88.17 is your break even price.
78.00 is the SP at market open. It will be updated to 85.80

Thanks, but I thought the break even price = price + purchasing costs?

Abeg who can help me to explain this transaction in the pictures below?
Explanation: I placed order for GTCO @ 85.80 and itrader shows it got filled at same price but on my portfolio Morgan is showing that I bought same at 86.82 while my break even price (cost of purchase inclusive) is 88.17.

Please where is the extra #1.22 coming from?

yMcy56:
😁😁
Peter will still come and tell us how he loaded up yesterday

So all those buy and sell screenshots na Canva designs them be? Lol

ositadima1:
I sometimes wonder, you’ve made it clear that Ellah Lakes is a bad investment, yet you keep commenting on it. Just bless the so-called “unintelligent” people still holding it and focus on your own picks, lol.

I never concluded that ELLAHLAKES is a bad investment, I only read that from you. But it is clear to investors already that the management are gamers of which I see their games as a way to achieve their growth goals not necessarily for fraud.
Chuka want investors to keep being upbeat about ELLAHLAKES before the company arrives at his projected destination. It is obvious he is taking steps to get there amidst his theatrics and I don't see anything stopping him. There are so many ways to the top and he is following one of them

emmanuelewumi:
I was expecting a forecast from at least 2026 to 2028 in the offer prospects, but it was not included in the prospectus

So you were expecting Chuka to give you another lie when you are already holding him on his blockos for his former lies?

However, I believe ELLAHLAKES turn around is getting closer than ever.

Streetinvestor2:
Like seriously. U are asking this kind question about kpakus concerning oga Emma.
Are u a learner in this market. He does not touch such stocks with even long pole

It seems you didn't read our earlier interactions on the subject matter, I know he is just pulling our legs when he said 'he will buy'

emmanuelewumi:
I am not sure they can raise the almost N250 billion

Never say never

But do you agree with me that if they succeed that may mark a turn around for the business ceteris peri bus? So 'kpakus' days will become over with the acquisition.

emmanuelewumi:
Unfortunately the offer is not going to be underwritten.

Raising almost N250 billion will require a miracle

In other words are you in or out?

Agbalowomeri:
By the time they finish reviewing, ASI will be at 75k

Lucky man! normal market forces refused to heed to your prayers and your Oracles brought Oyedele to the rescue. Time to bring in your loot for more loots in 2026.

emmanuelewumi:
I said I am buying, you are talking of sarcasm.


The offer can be 100% successful if the offer is underwritten

Oga Emma I am still not believing you until you school us on what have changed in Kpakus (lol).
Are you seeing upside should the acquisition be successful? because even me I know that any day Ellah declares ordinary 500m profit the share price will go hay wire and that day is closer than ever should they succeed with the acquisition.
On the other hand, given the current market situation any underwriter will be seriously afraid.
But I thought the current owners of ARPN will just acquire shares of ELLAHLAKES to complete the acquisition which should have been a better option for existing shareholders because I think Chuka needs more aggressive directors who will bring more ideas and also keep him on his toes to deliver value to all investors instead.

emmanuelewumi:
We got buy, I will tell you when I buy

Sarcasm intendended.
But you people will be surprised that ELLAHLAKES will still raise at least 80% of the fund, same way the stock price plummeted astronomically without your support.