Now ,lets Talk About Transcorp - Business - Nairaland
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| Now ,lets Talk About Transcorp by damoche07(m): 3:52pm On Oct 19, 2007 |
this thread is created to know your thoughts about transcorp.It will be a thread that will capture new developments and your thoughts in general about the company. For me i am predicting a 10Naira price by this time next year. Any other views please? |
| Re: Now ,lets Talk About Transcorp by samstone4(m): 11:11pm On Oct 20, 2007 |
Transcorp is a long term project. Was a lot more optimistic when the private palcement took place but the malice of the anti-Obasanjo forces was underestimated. I think the price has bottomed out now and those who are selling have probably agreed to maintain it at about 4 Naira. The current management and the restructuring seems to be well advised and I expect it to be much higher than 10 by end of next year. Any positive news with the oil blocks could make it 20-30 Naira stock at anytime. When people start making and receiving calls via MTel and nitel there should be a steady upwards pressure on the price and it will move upwards like other stock after the current spate of IPOs.  |
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