I have read in several pubications how Transcorps can replicate what Nokia has done to make a country like Finland to have international impact through its phone-Nokia. Literacy level in Finland is 100%. Experts believe it is as a result of the huge income Nokia has generated for that country.
Some Nigerians believe that Transcorps is the International brand this country needs to propel its latent potentials and bring prosperity to her people. The question is can Transcorps really have any impact on the future financial fortune of the Nigerian youth ready to stick out their neck for this company on the stock market?

Hello all,
I'm back on this thread. Two recent events suggests that Transcorps is a viable invesment anytime, anyday. The first was the billion dollars agreement signed with Hilton International Hotels to build 10 Transcorps Hilton hotels in Nigeria and Africa. The second is the 100 million dollars facility for the Resurcitation of Nitel to make it more attractive for new core investor.
Now that foreign investors are falling over themselves to have a piece of the cake, what excuse will the nigerian youth have not to buy into this Nigerian International Brand for future financial freedom?
I read in a publication recently how nigerians spurned First Bank when it was commercialised by the Babangida regime and sold at N2 public offer price in 1992. Those who risked to buy that stock then have made millions over and over before the bank became a blue chip stock.
Is the same thing not going to repeat itself with this 'rejected' Transcorps?
Please share your thoughts with the house.

I dont think Transcorp is a good investment for the ffl reasons: Where are its reports since inception. there are no short, medium or long term plans available to the public. The only viable investment by transcorp is nitel which from all indications its not capable of running.

quansimodo wrote:
[I don't think Transcorp is a good investment for the ffl reasons: Where are its reports since inception. there are no short, medium or long term plans available to the public. The only viable investment by transcorp is nitel which from all indications its not capable of running.]

thanks for your post quansimodo.
Your post set me on the thinking path and put me to work on geting any information on the queries you raised.
Here are what i have got so far:

'Where Are Its Reports So Far'?
I have not been able to lay my hands on any.

'There are no short, medium, long term plans available to the public'[/b]I have been able to get some information of Transcorps short term, mid term and long term goals and business strategies which i think will benefit the public through this thread as follows:

[b]Short Term Strategy
The target acquisitions are all aimed at putting the group in a strong position to become a major player in the Nigerian economy in the shortest posible time. The following have been achieved:
1. Acquisition of Nicon Hilton now renamed Transcoprs Hilton which has just been funded by Hilton Group of companies to build 10 Transcorps Hilton Hotels across Nigeria and Africa in the next 10 years. Can a non performing company have access to such funding?

2. Successful acquisition of Nitel/Mtel ; Transcorps is presently the majority holder of Nitel with 51% equity and with the option of acquiring 24% more.  This is the subsisting award contract with government irrespective of the current move to get another majority investor. Transcorps still calls the shot in Nitel. Let's think about the recent activities in Nitel e.g. award of $100 million turn around facility, change of Nitel management-exit of Chief Ferdinand Alabraba and the appointment of Tom Isegohi as New Chairman of Nitel Board etc. Can these events have any positive impact on Nitel Performance?


3. Acquisition of two oil blocks in May 2006. Transcorps has deliberately played down its interest in oil prospecting to surprise its shareholders.

Mid Term Strategy
The mid term goals of Transcorps are focused on consolidating earlier successful acquisitions as well as establishing and or investing in other greenfield businesses.
Ventures in Oil and Gas, especially in the upstream business will be enhanced in the mid term with Transcorps building strategic partnerships with operating Oil and Gas majors. In this phase, Transcopr will expand into the Oil and Gas service business, providing industry inputs such as pipes, fabrication plants, chemicals, and vessels.
A technology village will be built to boost investment in information and communication technology by providing call centers and outsourcing sites which will serve the nation as a n off-shoring destination.
Transcorps will also invest substantially in th eAgro-allied industry, leveraging on import substituion as well as bio-fuels to become a major producer and exporter of processed agricultural products.

Long Term Strategy[/b]In the long term, Transcorps will aim to have its units and subsidiaries operating in different countries, not just in Africa but around the world.
It is worthy of note that Transcorps aims to achieve its goals through its subsidiaries-Transcorps properties Ltd, Transcorps Trading and Logistics Services Ltd and Transcorps Telecoms Ltd.
quansimodo, please note that the pubilc have been focusing on only one subsidiary till date i.e. Transcorps telecoms Ltd and ignoring what is going on in other subsidiaries.

[b]Transcorps Company Vision[/b]1. In the short term (2006-2007), a platform for growth and industry dominance will be developed through major acquisitions and key strategic agreements within th eprivate and public sectors. The short-term focus is on asset acquisition, gaining key stakeholders commitment, and laying the foundation for emerging business in all target sectors.

2. [b]The mid term (2008-2011) strategy will focus on rapid restructuring/repositioning of acquisitions whilst fully implementing additional greenfield ideas earlier initiated.

3. In the long-term, the Group will shift focus to portfolio management, mobilizing a proportionately higher share of resources into high-value knowledge-intensive industries within the sub-Saharan African economy and the world at large.

quansimodo, let us now ask ourselves these questions;
Is there any indication that Transcorps is doing well when assessed on the basis of the set goals above?
Are current events in the company comparable to the experience of start up companies in its mold historically?
When a start up company keep on attracting foreign investors what does that indicate for astute investors?

Can a non performing company attract such huge funding as Trancorps is currently having?[/b]Transcorps is reported to be the foremost employer of Nigerian professionals in the diaspora today. What is the implication of this human capital bank to the fortune of the company and how can it add value to shareholders.?

[b]For months now, the shares of Transcorps has consistently been on bid at the stock exchange.  What is the implication of this phenomenon? Would the share not soon become scarce?

Thoughtful anwers to these queries will help the investing public to take informed decisions as par investing in Transcorps.

More rejoinders needed by others in the house.
Cheers

Transcorps just named Tom Iseghohi its CEO as the new chairman of NITEL Board. It is a good sign that restructuring is going on in Transcorps. Apart from the collaborative effort the company is undertaking with the Federal Government to get a new core investor for NITEL, this first indigenous conglomerate has taken another decisive and revolutionary step by appointing a new MD/CEO for NITEL.
The new MD is Mr. Kevin Caruso a former executive of United States Telecoms giant AT &T.
This news should delight investors who have stayed glued to their holding in Transcorps shares despite the negative news making the rounds and the current bearish market.
There is something good in a company constantly attracting direct foreign investment and expatriates. Signs are now rife that NITEL will soon begin to live to its truly national status as a telecoms service provider.
This stock smells good. Smart investors know what to do and are currently positioning themselves while the gross undervaluation of this stock subsist.

Nairalanders,
hope i'm not being hysteric about this transcorps of a thing and what it is doing with NITEL. Suddenly, government has started singing a new song. Transcorps has began transforming NITEL. 2 months salaries arears of workers paid within 8 weeks of taking full control. Sure the intrinsic value will begin to show up very soon. Only the rich take risks which the poor never takes. Oh Nigerian youth where are you and what are you doing with this 'bride' or sorry, cashcow?

for anybody that invested in transcorp, expecting quick return in the shortest time is like giving birth to a baby and expect that baby to stand up and walk that very day of which is not possible.
there are some basic facts people should critically examine before drawing conclusion :-

1, transcorp is still a baby , still strugling to put things in order moreover, transcorp came to existence few years ago.

2,trancorp is a conglomerate company that has investment in areas like-agric,oil and gas,energy,entertainment ,telecom, hospitalty etc,out of these mentioned areas tell me which of the industry is not capital intensive to set up?

3,don't forget the last offer was undersubcribed,meaning that the amount targeted was not realised.

4,the state of nitel has worsened beyond what transcorp envisaged, that makes transcorp not to swiftly turn nitel around as expected and its highly indebted to consortium of banks.

5, kudos to the management, for displaying good mangerial competency for refurbishing nitel to atleast make it attractive for any investor by injecting $100m.

6, people that are selling transcorp shares now are not worthy to be called investors because investors buy future and not present of any companies.

MY ADVICE FOR ANYBODY STILL HAVING TRANSCORP SHARES IS TO HOLD ON TO IT BECAUSE IN THE NEAREST FUTURE TRANSCORP WILL BE DECLARING PROFITS WHICH NO COMPANIES HAVE DECLARED IN NIGERIA.

Hey samguru,
your post is highly thought provoking. You have just stated some facts that are hidden to most people. Transcorps investment in agriculture, oil, power is strategic. Warren Buffet was he who said investors should look at what companies sell before investing in it and thats why he has been so successful. Would food continue to sell in Nigeria in the nearest future? What is the future of cassava investment in Nigeria? What about oil, it is certainly the mainstay of our economy. The current power crisis is a nightmare. Would Nigerians be ready to pay anything to get their homes and industries powered if any company provides it? Ask MTN. (although it has refused to bring its stock to the NSE). Those are the reasons behind Transcorps' business.
Nigerians spend more talking than eating. That is a food for thought to Nigerian youths on the future of Transcorps who is gradually repositioning NITEL for the market place. [b]It smells good.[/b]Another example i want to post is that of the Late Chief Asalu. He was motivated to start investing in shares by the patriotism and jest of his economy teacher who told him Nigeria's economy and that of Africa cannot develop because we do not invest. If we want to build our economy and make it strong, Transcorps has given us that opportunity to tell the world what Nigeria can do. Transcorps is a global Nigerian brand. Investing in it today definitely guarantees a financially free future. Nigerian youths should not be speculators. we must learn to be investors.
Let's mobilise ourselves to buy into Transcorps while it is still ridiculously cheap. See AP is already out of the reach of small scale investors. We must own Transcorps and beat the politicians to it. This is a good way to define our own VISION 2020.

i honestly dont know why u talking about transcorp alone?Is it the only company or is it becasue u have a special interest in it?When it got to N3,we tot it has reached the lowest but with the present trend in the market generally,im still expecting it to fall further down.That doesnt mean one should not invest in it but if i were to invest in it,i would proceed with cautions atleast until i have something concrete to work with like a financial statement from them

Why i'm so passionate about this Transcorps thing is the opportunity it presents to Nigerian youths (not oldies) to leverage on its start up goodwill to become really rich in not too distant future.
The popular adage which says ' the early bird catches the worm' will hold for wise Nigerian youths who ignore the pavassive disregard for this 'gold mine' to climb the ladder of wealth. There is no easier way to enter than now so cheaply.

TRANSCORP is our "company T". We must be greedy in acquiring this conglo now that others are fearfull and the sheep are jumping sheep. Let us BIMBO this company @ #1.70 and use it to restore our Nation from "malignant corruption".

By 2014 we will all be laughing with over #24.00 a share and EPS of over #3.00. So let us redefine monopoly and recover all that the thieves have stollen since 1960.
If we buy now and believe in Tom and his TEAM things will TURNAROUND to #7.00 (2010 Year high).

But remember that the leading corrupters hold major shares of Transcorp.

T = Target.
BIMBO = Buy In Management Buy Out.
EPS = Earnings Per Share.
TEAM = Together Everyone Accomplish More
I love all your R&Ds on TRANSCORP PLC.
Thank You.

KingSola
Nigeria

The volume of transaction of Transcorps have been tantalizing of recent. I'm amazed that despite the downturn in the market, high daily deals still continues on this stock.
Do you still need anyone to warn or inform you that this is the right time to enlist with the foresighted youths who want to grab their share of Nigeria's telecom and power sector future which Transcorps represents?