₦airaland Forum

emmanuelewumi:
It appears Transcorpse is a scam, with its extraordinary 44 billion outstanding shares.

Tony's holdings has reduced, UBA Nominees is now the largest shareholder of the company.

When insiders are reducing their holdings and offloading to UBA Nominees that should tell you something

Was searching for something and this 2020 post came up
Some may still hold this perception.
Time will tell - It's a great gem through the leadership of Tony Elumelu or ?.

unite4real:
which bull did you see today on MTN?

Don't know where the MTN came from. I was referring to the Elephant bull
I have edited the post to correct z error.

FBNH selling at N40 right now. This FBNH bull means serious business.

https://www.bloomberg.com/news/articles/2024-03-14/ngn-usd-naira-official-black-market-rates-converge-goldman-sachs-sees-gains

Abeg make the naira start gaining quickly

Mfunkynation:
are you sure it is not your network

Yes looks like internet service instability today added to the problems. Some websites even had difficulty opening up too. While others were not as smooth as other days.

TsarZed:
Will the Banking rally continue?

Will TransPower continue to gain?

I think the Bank rally will continue with or without FPI's coming in as many are underpriced. The rally will surely be boosted if FPI's come in, but that may not be a good thing on the long run if the GDP doesn't benefit in terms of export growth.

I also think TransPower rally will continue at a slower pace and may not go above N500 this year. But will not be surprised of pull backs now and then to as low as N350.

Are FPI's coming ?
Stock market surges to highest level in one month as investors await FPIs
The Nigerian stock market, the NGX appreciated to its highest level in nearly a month as investors positioned for the much-anticipated return of FPIs. The All-Share Index appreciated by 1.45%, representing a 1,479.60-point gain from yesterday’s 102,044.84 to close at 103,524.44 points

https://nairametrics.com/2024/03/12/stock-market-surges-to-highest-level-in-one-month-as-investors-await-fpis/?utm_medium=Email&utm_source=Zenter-System&utm_campaign=%23104842+%3D%3E+MORNING+NEWS+HEADLINES&utm_content=71043eb8ce939a781ee004f5918df06ad94def69

If FPI's enter UBA they will get it for cheap. The problem is when they exit they will cash out on Nigerian investors.

Princkez:
VOLUME of TRANSCORP traded in last few days....

Heavy interest and accumulations for over a year that has moved it from N1 to what we have today.
Last year April was a MASSIVE volume with 5.4b units traded.

BullBearMkt:
Is the Banking Sector Preparing for a Potential Decline Ahead of Results Release?
Based on the chart, banking sector outlook looks suspious for another downturn. The month of January candlestick reveals significant sellers coming to the market driving the index from 11031.04 to a close at 866.93. Both the bulls and bears were undecided on whether to continue draggiing the index further down or drag it up in February. The 2 months invariably created a big barrier (894.93 - 979.65) for March, as it has to close above 980 before there can be respite for the index to tick up.

Failure for the banking sector index to close above the top of the barrier in the ongoing month, will see a decline in the sector (and many banking stocks) in the coming month(s)

PLAN YOUR TRADES AND TRADE YOUR PLANS

Prices inching up gradually in bank shares. UBA now back to N24. I hope the sector index will close above the top barrier this month.

Mpeace:
Fir the third week now, volume has been massive. Something might just be about to happen.

It is clearer with the listing of Transpower that Trancorp Plc has more values waiting to be unlocked. Some don't have the patience to wait for the unlocking of values or don't trust Tony and want to run with the money (or a part of the money) they see today. While some strategic investors (most likely big funds) are now ready to take positions and participate in the future growth of Transcorp Plc.

KarlTom:
Wagwan TRANSCORP

138m+ so far

Lost 80 kobo in the first 30 minutes with N2b already traded.

So many Transcorp dumpers lined up to dump, 75% of which are eyeing +N18.9 exit price.

These directors are collecting in billions.
We can only know if these directors are adding to liquidity and not just taking quick profits, if their outstanding holding are stated. NGX should state their outstanding holdings to make things clear.

Adinije:
Normally, FBNH should be competing with Access and ETI, but there seems to be a never-ending power-play going on.

In terms of dividend payment FBNH may indeed be competing with ETI or even FCMB sef
In terms of book value per share, nah Access and ETI be him true mate.
But with Ote$ as chairman, FBNH can compete with Zenith in share price as Zenith dey slack for share price side.

Adinije:
I wonder why Zenith is lagging behind. I was expecting it to be closing up to gtco at probably around 38/39.

I thought FBNH will catch Zenith again at least for a day. But Zenith gbe bodi and gained N2.2 to close at N36.2 while FBNH lost 40kobo and closed at N32.

KarlTom:
Banking Sector AFS should start coming out soon..

I suspect some FPI's may be eyeing them. Now that they took positions in money markets in February, it's likely the AFS is holding them back concerning bank shares.

megamart247:
Both Transcorp and OANDO will retest #10 the pump is over

I think the days of N10 or below for Transcorp are gone for good.

Oando can play up and down till 2022 & 23 results are released or the buy out case squashed. Whichever comes first.

FBNH bull come now. Come before market close and beat Zenith price once again.

stcool:
If they try that 10 kobo stuff, the price will drop heavily...maybe even back to sub N10

Growth companies are better off ploughing back profits for faster growth Hence they seem to have lower dividend yields.

Over time those selling cheaply at sub N10 if the price falls back that low, will realize they sold at giveaway when future EPS get bigger than the price at which they took profit hastily.

Mpeace:
This year, Dang food better pay.
If not nothing for me in terms of dividends.

Apart from seplat wey I get chinkili units, others no dey give shishi this year.:

Mtn, nascon, dangsugar, trancorp. No one dey give shishi as dividend.

Transcorp is a growth company that pays some dividends. Last year was 5kobo. And the year before that 2kobo. This year may be 10kobo

jadyclem:
Abeg chairman no vex, I just want ask you one more question:
How can we know companies that pays yearly dividend? Is there a website where we can check their yearly report before investing in their shares?

https://ngxgroup.com/exchange/data/corporate-actions/

There is a drop down on the page that allows you to see Dividend & Bonus declaration for year 2020 to 2024

yMcy56:
E Ku Market oo.

TRANSCORP relieving SUGAR/SALT of sell off...

Don't go too far away from TRANSCORP yet.......
Another stage is coming again.....
Those guys that bought @20.88 today are not stoopid....
* More picks @17.10*

Massive mop up of Transcorp ongoing. N4billion mopped up in first hour as panic dumping created mop up opportunity for Transcorp bulls.

How far will the Transcorp bull push up the price. Will the traders & profit takers bring down the price. Market forces at play.

Mpeace:
So Transcorp sold 43million units of transpower. Our accountants in the house, Pls where will the money go to?
Abi dem go use the money pay us special dividend?

The money will be used for re-investment in other promising subsidiaries now.

Abi how do you want Transcorp to grow its subsidiaries under the leadership of Africa's Champion for entrepreneurs - Tony Elumelu .

mails4funshi:
With this shareholding structure, should TRANSCORP be worth less than 50% of TRANSPOWER?

This assumes TransAfamPower does not exist and neither does the other subsidiaries of Transcorp.

In 2021 Transpower delivered half of the power contributions to Transcorp PLC profit before tax. The other half must have come from TransAfamPower.

Transcorp Plc has hidden values .

Not a buy advice. Do your DD.

KarlTom:
Many thought people will offload TRANSCORP today but...

And many did offload as over 200m units were sold at N3.2b.
Looks like big funds (who see the hidden value) bought it biding bullishly for it from offloaders

Those offloading Transcorp slowed down today. Bullish demand for it remain very strong. How far will this bull go ?

Mankind2024:
Nothing is good about MTNN.
They contributed to the sinking Nigeria Micro-economy.
Nigeria is just a nation where there is no NATIONALIST.
We forget things easily.
It was this same MTNN that illegally repatriated cash of billion dollars from Nigeria economy.


https://www.premiumtimesng.com/news/headlines/300849-untold-story-of-mtn-illicit-repatriation-of-billions-of-dollars-from-nigeria.html?tztc=1


https://www.google.com/amp/s/phys.org/news/2018-08-nigeria-safrica-mtn-refund-bln.amp

Forex loans can be used as a strategic means of timely repatriation of Forex profits back home. Foreign multinationals do this to hedge against losses to the original forex invested, as well as edge against losses to their retained profits in the local economy should the local economy slump. In this way they pass a chunk of risk to local investors while safeguarding their injected funds and some accrued profits.

I think going forwards, the FGN should strategically look for FDI's that generate forex income streams (like PRESCO) and expand Nigeria's forex income stream beyond oil&Gas.

Tpharell:
This phrase👇is what is driving Transcorp, I suppose

N2.8b traded in the first hour today. Let's see if a new high will be set this week.

yMcy56:
MTO: Mandatory Take Over
Take Over by TRANSCORP PLC
Why: Toreduce OS (Outstanding Shares)
For what Benefit: To create more value for shareholders

Someone else can add to it...

Is that not a long description of sharebuy back to reduce outstanding shares ? With the way prices have gone up looks tougher to do 4%. Maybe 1% will be done then.

yMcy56:
GEREGU @1000!
Ote$ baba pick race at the site of TRANSPOWER

The race the country needs right now is the production of more gas for local consumption and the building of more power plants
Perhaps the game is to get more big investors injecting money into these power businesses. Like AFDB & AFREXIM did last year with purchase of stakes and signing of plans with GEREGU.

Zegra:
A mandatory takeover offer is an offer made by one company to purchase some or all outstanding shares of another company.

Thanks. Was wondering what MTO of 1-4% concerning Transcorp Plc means. Take over by whom, why, for what benefit or reason ?

customstreet:
You are on point. The next two program of Transcorp Holdings in the near term are as follows

1. Do an MTO of say between 1%-4% as mandated by SEC

2. Share Reconstruction

These two, I am sure will happen from Grapevine

What does MTO stand for ?

aj8:
Why hidden? Isn’t it obvious?

2. Shareholders of TRANSCORP Group are not directly shareholders of TRANSCORP Power but have indirect interest through the group’s interest.
3. The previous earnings from dividends and scrip from TRANSCORP Power by TRANSCORP Group, already demonstrate that potential.
4. The catapulting of the valuation of TRANSCORP Power will of course increase that of TRANSCORP Group as long as the current price is below the offer price and the company remains profitable to accrue benefits to her shareholders of which TRANSCORP Group is a majority holder ( at least for now)
5. The capital raised would increase the financial strength of TRANSCORP Power to further undertake and expand their core business of power or whatever else their article allows them to engage in. This also would benefit the TRANSCORP Group .
6. I see huge gains to shareholders of TRANSCORP, as long as the Power space stays viable and profitable…already eluded by TOE in earlier responses that this spin off would happen once the space is right. Like he earlier did with TRANSCORP Hotel.
7. This is not the first of its kind within TRANSCORP Group. Similar occurred in 2015. The spin off of TRANSCORP Hotel from the Group. Mentioned above.

I do not own any shares of TRANSCORP Group but intend acquiring TRANSCORP Power shares. I believe it would at least match Geregu Power PLC if not outpace it.

That’s my take.

Hidden value in Transcorp not obvious to some based on their statements. Some are even writing as if Transcorp is not a majority shareholder in Transcorp Hotels. As if Transcorp shareholders were cheated in the listing of Transcorp Hotels and are being cheated in the listing of Transcorp Power.

I have Transcorp. I will not be buying Transcorp power. But if I had no Transcorp, I will consider buying Transcorp Power.

BabsO2:
Transcorp is a HOLD for me on Monday at current market price.

Transcorp reached an all time high of N19.2 on 18-January-2024.

Since Transcorp was listed, this same January 2024 recorded the highest Trade value of N26.3 billion with a trade volume of 1.75 billion shares. In other words 4.3% of Transcorp Plc changed hands this January at an average price of N15.02

In February N9.6 billion changed hands in Transcorp on the exchange.

If one follows the money, there is surely value in Transcorp PLC for such huge interest in January and February by big funds.

My Guess is Transcorp Plc will continue to own a fraction of Transcorp Power PLC that will be listed. It will continue to benefit from it fundamentally in terms of dividend income stream. It will also benefit from it when computing its Shareholder funds.

Key information we need to record are ownership fractions before and after listing ?

Transcorp PLC has the following % ownerships in subsidiaries.
-----------------------------------------------------------------% holding-----------2022-----------2021----------2020
Transcorp Hotels Plc---------------------------------------------------------------76.2 % ------76.2 %--------83.6%
Transcorp Power Limited---------------------------------------------------------51.02 %----- 50.9 %------50.9%
Transcorp Energy Limited Exploration of petroleum product--------99.0 %----- 99.0 %-------99.0%
TransAfam Power Limited Power generation------------------------------ 95.0 % -----95.0 %-------95.0%
Transcorp Properties Limited Building---------------------------------------100.0 % ----100.0 %-----100.0%
Transcorp OPL 281 Nigeria Limited------------------------------------------- 100.00% ---100.00%----100.0%
Terago Commodities Limited------------------------------------------------------95.00% ----95.00%-----95.0%
Transcorp Refining Company Limited------------------------------------------ 100.0 % ----100.0 %---100.0%
Transcorp Trading and Logistics Limited------------------------------------- 100.0 % -----100.0 %----100.0%
Transcorp Telecomms Limited---------------------------------------------------- 100.0 % ----100.0 %----100.0%
Aura by Transcorp Hotel Limited---------------------------------------------------20.0 % ------20.0 %-------0.0%

NB 1 - Transcorp sold some units of Transcorp Hotel Plc in 2021 at N5.43 that's why its holding's there dropped slightly in 2021. Wish it can sell a little right now in Transcorp Hotel at N90 to fund development of other subsidiaries Doing such will create value for Transcorp PLC shareholders in the coming years. I will give Tony a big thumbs up if he pulls such out in coming years.

NB 2 - Transcorp reinvested its dividend from Transcorp Power in 2022 thereby raising its % holding in so doing.

I see hidden value in Transcorp.

Not an investment advice. Do your DD!