₦airaland Forum

Transcorp is preparing to fly with the coming on board of Iseghohi and the reported cisco N30 or something billion investment penciled down as reported recently in some new media . The Share Price will finally be ready to take off when these equipment land and whe people start seeing some improvement in Nitel services. Then people on the sidelines will move in to take position and the price may start lifting off. For those wanting to be sure of their money, that is those who will not like to invest based on faith or speculation they should wait for these amber lights. Before green light comes the price should already be in the N20+ range and even then you should still be able to catch a lift with less risk dropping i.e. loosing money.

I will recommend a buy on Transcorp for those who have faith in growing the economy. Transcorp is a venture, some ventures become highly successful while some become failures. With the little I have glanced at I have the impression Tom Iseghoghi coming on board is a good decision. I bought the IPO in good faith that if Nigerians don't sponsor ideas like Transcorp what examples can we give the future. I respect Baba (OBJ) for his vision on Transcorp and many other things.

I quote Tom from a mag "The 'new' Transcorp will be focused on meeting the expectations of those who have invested capital and Just as important[b] THEIR FAITH,
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I bought the IPO at N 7.50 and now I will be mopping at N4.0 since it seems it doesn't want to reach my price target of N3.75.

Once Transcorp sets the direction I pray a company 100% Nigerian will be floated also to take a fresh investment focus on the steel industry. Taking Gas from Offshore Ondo State and sending it off to Osun State Oshogbo and set up a world class steel complex in there. Nigeria needs lots and lots of tonnes of steel if we want to transfer to a developed country. Also we need to start sowing the seeds to create jobs for the coming generation. I will continue on this on another topic.