How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) - Investment (2) - Nairaland
Nairaland Forum / Nairaland / General / Investment / How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) (27017 Views)
Is Transcorp Hotel IPO Worth Buying? Honest Opinion Pls / Bought Transcorp Shares With My School Fees: Mistake? / Transcorp Po Finally Opens At 7.50! Opinions? (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by crackhaus: 3:36pm On Nov 22, 2013 |
I think those figures may just have been hyper-inflated. I mean come on, over $120m appreciation in less than one month? One has to see the sheets to be certain, not that they will show anyone. Regardless though , Tony Elumelu has always been a shrewd business man. |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by Lightening: 3:37pm On Nov 22, 2013 |
Fadelex: he's being used to front... we all knows obasanjo has d largest share in transcorp. how on earth do u wanna tell people not to steal? when u see our future looted by few people u cannot help but lose hope. everything in Nigeria has been privatized by our useless leaders education, power, telecom, transport, industry and so on. I give up Bloody perssimist. Read Tony's dossier and give him due credit. There are still many hardworking Nigerians. 1 Like |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by Olugbenger(m): 3:39pm On Nov 22, 2013 |
I sell plots of land on nairaland. I even make more money than this per day, so why is this on Fp? 4 Likes |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by awodman: 3:41pm On Nov 22, 2013 |
See someone making money from the agricultural and power reforms of this administration...even giving other people opportunity to make same money via buying of shares while some people are here cursing GEJ Keep cursing..in future you will have ur self to blame 1 Like |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by abu12: 3:41pm On Nov 22, 2013 |
How much will obj make? |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by deflover(m): 3:45pm On Nov 22, 2013 |
Lightening: yeah right .....look all they say is diff from wat dey do.......investing is all about greed and fear.....dey play it better......dont be fooled abt d fancy books dey sell to u.......i careless .........all i see it wat is the financial statement ......wat is the P.E ratio.....wat control do i have over d stock....can i get in and out as i please......trust me if u felt d pain we felt back den u will forget d ivy towers he went to and focus on control cos wen d sheet hits d fan....u alone will feel d pain dats y its called ordinary shares.....he has preferred shares..........dont be fooled  |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by Nobody: 3:49pm On Nov 22, 2013 |
Tony, I can do nothing but thank you. As an undergraduate, I bought 10000 units of transcorp shares with money borrowed from my mum. To my consternation, it falls from 7.5naira to 0.5naira in leads than 18 months! And it took a while to pay back the loan. Lesson learned? Stocks investing is for the long-termed for average people. |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by poseidon12: 3:49pm On Nov 22, 2013 |
def lover: na devil go soda their yansh .........from dangote to indi okereke to all of dem......dey sold us a lie....i bought 68,000 unit for 512,000 naira at 7naira 50 kobo and it was quoted at 9naira seventy-one kobo but wat happened it nose dived to 50kobo even wen i wanted out they refuse to dematerialize till i was able to get out at 1naira 40 kobo now they are pumping it again to fool people so later they will dump it....dont be fooled....one thing they have is control....you as an investor dont have control over the shares.....i am now a skilled investor and i will neva touch nigerian stocks again.....if its not online trading i wont touch it pls which Broker are u using for online stock trading? |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by deflover(m): 3:52pm On Nov 22, 2013 |
poseidon12: i dont do nigeria stocks sir......we have not gotten to dat level....for now i focus on forex and all the other online trading financial securities .....i learn d hard way....lost all i had....left d UK broke....came back home....but i am wiser now |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by deflover(m): 3:58pm On Nov 22, 2013 |
kingphemy: Tony, I can do nothing but thank you. another cheap lie you were sold......stocks is not for long term its for cash flow......as long as its not bringing in cash flow den its trash |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by Nobody: 3:59pm On Nov 22, 2013 |
God will continue to bless him. 1 Like |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by Biggoozz: 4:01pm On Nov 22, 2013 |
def lover: na devil go soda their yansh .........from dangote to indi okereke to all of dem......dey sold us a lie....i bought 68,000 unit for 512,000 naira at 7naira 50 kobo and it was quoted at 9naira seventy-one kobo but wat happened it nose dived to 50kobo even wen i wanted out they refuse to dematerialize till i was able to get out at 1naira 40 kobo now they are pumping it again to fool people so later they will dump it....dont be fooled....one thing they have is control....you as an investor dont have control over the shares.....i am now a skilled investor and i will neva touch nigerian stocks again.....if its not online trading i wont touch it Sorry bro, I feel you. With learning, hard work and God's grace, will soon smile too. |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by Nobody: 4:02pm On Nov 22, 2013 |
def lover: You are indeed right. But do kindly check my post again. I said average people. In support of the above, I believed you know International Breweries? About three years or thereabout ago, their shares hovers below 1naira. Now it is above 20naira. I just thank my intuition that I bought over 100k units then. And I can remember some investment managers telling me not waste my money. Information, they say, is vital in the long run. |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by Biggoozz: 4:03pm On Nov 22, 2013 |
crackhaus: I think those figures may just have been hyper-inflated. I mean come on, over $120m appreciation in less than one month? Oga, they gave the practical reasons for the surge, did you read the story? If that private power generation project does well, that stock is on its way to over N100 per share. |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by ABsI1: 4:07pm On Nov 22, 2013 |
def lover: na devil go soda their yansh .........from dangote to indi okereke to all of dem......dey sold us a lie....i bought 68,000 unit for 512,000 naira at 7naira 50 kobo and it was quoted at 9naira seventy-one kobo but wat happened it nose dived to 50kobo even wen i wanted out they refuse to dematerialize till i was able to get out at 1naira 40 kobo now they are pumping it again to fool people so later they will dump it....dont be fooled....one thing they have is control....you as an investor dont have control over the shares.....i am now a skilled investor and i will neva touch nigerian stocks again.....if its not online trading i wont touch itfork off and fork u and dem |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by badmeat(m): 4:08pm On Nov 22, 2013 |
Dem don come again  ,my money is for penny stocks tgat r stable,not this millions wey go soon dive low!Property n farming anytime menh, , |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by Nobody: 4:10pm On Nov 22, 2013 |
The Lion King Roars still |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by deflover(m): 4:11pm On Nov 22, 2013 |
udifrancis: God will continue to bless him. yeah god OBJ and all the other elites god u will say......grow up and dont add d true God to dis.....all dey do is steal ur money legally.....how will u explain dis..... 1. a group of people come to gather to start a company....no money involved ....just hand shake and its registered at the C.A.C and quoted wit C.A.C at 50kobo per unit....dis is known as limited liability company 2. they start paper works to take it to SEC and its now 2nair 50kobo......... the new game is private placement 3.it is approved by SEC and now qouted at 7naira 50kobo ....its called initial public offer 4.its bought over buy you and i and its called over subscribed...... 5. the game begins since dey didnt use any money from the start only paper agreements dat makes it look like cash....  they cash in the money made from you and i .....its called cash flow  6. your money still there since dey kwn cos of ur greed u wont go out and sell it to u dat investing is for long term.......its called gambling and later they start all over again.........its called pump and dump........ dont be fooled mate.......its all a game ......DMX said always know the rules of the game b4 u play..... my 2 cents fellow investors 2 Likes 1 Share |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by emmanuelewumi(m): 4:12pm On Nov 22, 2013 |
Fadelex: he's being used to front... we all knows obasanjo has d largest share in transcorp. how on earth do u wanna tell people not to steal? when u see our future looted by few people u cannot help but lose hope. everything in Nigeria has been privatized by our useless leaders education, power, telecom, transport, industry and so on. I give up Do not say what you are not sure of. |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by Waspy(m): 4:13pm On Nov 22, 2013 |
def lover: na devil go soda their yansh .........from dangote to indi okereke to all of dem......dey sold us a lie....i bought 68,000 unit for 512,000 naira at 7naira 50 kobo and it was quoted at 9naira seventy-one kobo but wat happened it nose dived to 50kobo even wen i wanted out they refuse to dematerialize till i was able to get out at 1naira 40 kobo now they are pumping it again to fool people so later they will dump it....dont be fooled....one thing they have is control....you as an investor dont have control over the shares.....i am now a skilled investor and i will neva touch nigerian stocks again.....if its not online trading i wont touch itOvoko!  |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by Nobody: 4:14pm On Nov 22, 2013 |
One word for this - INFORMATION ASSYMETRY!! Between dat amount is outrageous to get within 3 weeks |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by deflover(m): 4:15pm On Nov 22, 2013 |
AB$I: really i should.....did you just say dat.....look i am a seasoned investor......i took d fall and coming up the ladder is no joke.....if u must win in this game....learn the ropes .....not some fancy gal or guys dat come on air to tell u how good it is to buy and hold for a long time  |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by MAITEMA(m): 4:21pm On Nov 22, 2013 |
def lover: na devil go soda their yansh .........from dangote to indi okereke to all of dem......dey sold us a lie....i bought 68,000 unit for 512,000 naira at 7naira 50 kobo and it was quoted at 9naira seventy-one kobo but wat happened it nose dived to 50kobo even wen i wanted out they refuse to dematerialize till i was able to get out at 1naira 40 kobo now they are pumping it again to fool people so later they will dump it....dont be fooled....one thing they have is control....you as an investor dont have control over the shares.....i am now a skilled investor and i will neva touch nigerian stocks again.....if its not online trading i wont touch it You lack investment and entrepreneurial gutsy. You panicked and sold your Transcorp shares at N1.50k as a result of (paper) loss. Investors are not supposed to panic especially when shares go below purchase price, when you do, your loss actually crystallises. It is paper loss when you still hold your shares in view of future appreciation. This is exactly what happened in this case. Anyway, Transcorp has skyrocketed and is not even available in the market for purchase. This is a result of the Power contract they got from PHCN privatisation by the Federal Government. They have bought the Ughelli power plant and there is now huge potential for profitability for the company in the coming years. Learn from your mistakes and don't rant like a clueless toddler. 1 Like |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by moshino(m): 4:25pm On Nov 22, 2013 |
protegesol: Which "small, stuggling Nigerian commercial bank" did Tony Elumelu "acquire and build into UBA"? As I understand it, UBA was existing before Tony Elumelu was born, and Tony came from Standard Trust Bank, which UBA acquired while Hakeem Bello Osagie was MD at UBA. Tony Elumelu was among bank MDs that helped govt officials steal and launder Nigeria's commonwealth. Tony Elumelu was also involved in Massive money laundering scheme with UBA, New York, see this; http://saharareporters.com/interview/uba-new-york-branch-money-laundering-haven. Tony Elumelu's brother, Ndudili Elumelu was the house of reps member involved in reaping off multi-billion naira of Nigeria's commonwealth. Have we all forgetten all these so soon, that we now hail Tony Elumelu as a genius! 5 Likes
|
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by deflover(m): 4:27pm On Nov 22, 2013 |
MAITEMA: another paid agent......i didnt panic.......in trading its called stop loss......cut the loss if i should make it a lame man's way......u stop it if u cant take the loss.....so now its like hw much 1naira 50kobo abi.....how long will it take to get back to 9naira 71 kobo....sir..... wats the P.E ratio..........do u have enuff control...... i dont care if its no more available...stop selling lies.....we need to help those dat knw nuffin about investment.........wats an asset ....its anytin dat once bought doesnot need to take too much time to start giving cashflow.......wats a liability its anytin dat wont bring in cashflow on time.....so since january 2007 i should be waiting abi........dats pure gambling in investment terms...... guy i am not a kid trust me .....i don learn3 Likes |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by deflover(m): 4:40pm On Nov 22, 2013 |
MAITEMA: since you know so much about investing....can you explain this to me sir The fraud called investing in the stock market/ TRANSCORP 1. a group of people come to gather to start a company....no money involved ....just hand shake and its registered at the C.A.C and quoted wit C.A.C at 50kobo per unit....dis is known as limited liability company 2. they start paper works to take it to SEC and its now 2nair 50kobo......... the new game is private placement 3.it is approved by SEC and now quoted at 7naira 50kobo ....its called initial public offer 4.its bought over buy you and i and its called over subscribed...... 5. the game begins since they didn't use any money from the start only paper agreements that makes it look like cash.... wink wink wink wink they cash in the money made from you and i .....its called cash flow grin grin grin grin grin 6. your money still there since they know cos of your greed u wont go out and sell it to u dat investing is for long term.......its called gambling grin grin grin and later they start all over again.........its called pump and dump........ angry angry angry angry angry dont be fooled mate.......its all a game ......DMX said always know the rules of the game b4 u play..... wink wink wink wink |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by deflover(m): 4:43pm On Nov 22, 2013 |
moshino: God will bless you........lets expose these lazy ass elites that make you believe they are hard working.....dey are all thieves in power...from dangote down to all of them...dangote is the new Abiola....as dey used Abiola to steal us blind dey are using dangote.... |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by MAITEMA(m): 4:45pm On Nov 22, 2013 |
def lover: Me a paid agent? I can’t stop laughing. You have no idea what I have been through. I got wiped out of millions of Naira on Oceanic Bank (peanuts given as Ecobank shares) and lost all on Bank PHB. When you invest and lose learn to take your loss and not come crying in a public forum like a baby. If Transcorp was selling for N100 today would you come and tell us how much you are worth? I never bought Transcorp anyway because I didn’t see potential from the onset, but now with the Power Sector contract, I bet there is light at the end of the tunnel. The power sector looks like the next Telecoms sector. 1 Like |
| Re: How Tony Elumelu Made $123 Million In 3 Weeks (Transcorp Shares) by Nobody: 4:49pm On Nov 22, 2013 |
@dev love you seem confident about what you wrote. Do you consider starting a dummy blog where you share your experience for people like me to understand those terms for an investor. Thanks |
(1) (2) (3) (4) (5) (6) (7) (8) (Reply)
China To Invest $250 Million On Ibadan Dry Port (photo) / I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! / Digital Investment Limited Crashes In Lagos After Duping People
(Go Up)
| Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 66 |