₦airaland Forum

Maybe Tony found a bigger fool......

Just like DANGOTE found some bigger fools for DANGCEM earlier this month and sold to them lower than the floor price....

currentprice:
cha! see pple throwing stone left and right.

valentinenwoko:
Heir capital divested the shares .See the Nse X complaint screen shot

Implications.....

locodemy:
My two eyes have not seen sleep since yesterday.
Infact na so so drink I dey drink now because of Transcorp.
5m units of Transcorp worth not telling me stories.
I just hope your insinuation is real if not Tritri who is trapped in oando is far better than me.

If you have 5M units only and you are losing sleep and drinking, should uncle T lose his breath and also acquire Nigerian breweries?
Relax, when they are counting oceans, rivers should wait their turn.....
Even here, I believe strongly that 5M units is a fraction of 1% of what some guys here staked on Tony's gamble.

Tony may have increased his holdings from mere 46% using UCAP.....
75% is normally the target for big boys......

NB: time reveals everything....
We could all be wrong.

Discl: I have some units, NOT based on FA.

locodemy:
It was a crossdeal.It wasnt gotten from the floor of retail investors.
so who and who could be involved?
Nnorom?

There is patience even in short term.... ...

samguru:
Anytime there is a cross deal of such magnitude it usually comes at a discount determined by both parties.


Unconfirmed report says there is going to be major realignment that will affect the shareholding structure from parent company to subsidiaries.

you will recall that [/b]http://www.tribuneonlineng.com/hilton-transcorp-hotels-signs-20-year-management-extension-agreement/[b] this happened recently and you don't expect hilton not to be a stakeholder in a company they sign 20 years contract with.

I am not a fan of Transcorp ooo,but if I have loose money I will buy transcorp shares for these reasons;

1. The company will have easy access to loan at single digit interest by the virtue of Uncle T presence in UBA
2. The company is growing her PAT at over 70% QoQ, YoY which to me is sign of good management
3. Transcorp will augment her power asset when FG commence the sale of power asset.
4. The company is yet to achieve her full potentials going by the subsidiaries that are yet to start serious business.

My SERIOUS money (OCEANIC BANK) on NSE became LOOSE money and the LOOSE money (UCAP),I gambled' with became VERY SERIOUS money.
It's a game of GUT FEELINGS......

daddymgg:
Its not coming from uncle T. I got my info from an insider pls dnt ask me to mention name, dnt worry in due time everything will be made public..

Urs
Daddy MGG

Did your insider also alert you of fire on the mountain....

bigjay01:
Typical retail investor speak!

At that level, he most definitely knows a thing or two which retail inestors like me and you do not.

He is gambling too.....

Nb: I am a retailer here too......

locodemy:
Again,if his total holdings is arnd 17B,
Do you think he is not the seller of 11B+ units yesterday?
If he is,why sell a stock of 1.36 at 1.26.
I just need to be cleared b4 monday.

It was reported to have been done in SEVEN CROSSES.
He does not need SEVEN crosses to get that volume.......

locodemy:
pls explain the indirect holding of 15B.

FYI:

locodemy:
From all indications,uncle T owns 2.5B units of Transcorp shares through his company HEIRS HOLDINGS.
Anybody with idea of latest Transcorp shareholding structure.
pls share with us.
we need to know the seller first before knowing who the buyer is.
ofcourse the buyer knows he has nothing to loose but gain.

The seller might also have nothing to lose......

locodemy:
From all indications,uncle T owns 2.5B units of Transcorp shares through his company HEIRS HOLDINGS.
Anybody with idea of latest Transcorp shareholding structure.
pls share with us.
we need to know the seller first before knowing who the buyer is.
ofcourse the buyer knows he has nothing to loose but gain.

His Direct holding is 2B and his INDIRECT HOLDING is 15B.
He alone is tied around 17+B units.

veecovee:
I don't think so, I think that such heavy buyer need such discount

The buyer chose to stake that amount for a stock whose fair value is around 80k. That is my concern.
This guy sure inherited that loot......
He is wasting 46kobo..... Why...

NB: EVEN HERE, time will tell who made a mistake between the Buyer/Seller.

RabbiDoracle:
1 year, Long term Na wah ooo.

If you are on oxygen (in a comatose stock) for one year, you will rethink time frames....

Recall:

March 31, 2011

Today, 2.51 billion units of Transcorp Plc, representing 10% of its total outstanding shares (25 billion units) were crossed on the floors of the exchange and no market information was made available in this regard.

This immediately raises concerns with us as this transaction, whilst confirming the analyst comments in our March 22, 2011 review - ‘What's driving the resurgence of the Transcorp price?’ ; indicates a possible takeover bid or an abuse of market processes.

The stock closed today at N1.11k, a 122% YTD increase in price on the back of fundamentals aptly captured in the aforesaid report.



Basic Market Transaction Ethics

To buy at least 5% of a quoted company’s shares, the minimum requirement should, at the very least, follow the following market ethics:

1. The NSE approved broker handling the transaction must enquire from the buyer his/her existing holding in the company;
2. The broker must then proceed to review/add the volume of the intended transaction to/with the existing holding and determine if this goes above the 5% threshold (i.e. what is about to be bought and what is currently held);
3. The broker is therefore obligated to inform/alert The Stock Exchange if the transaction is above the 5% threshold;
4. The Stock Exchange must immediately alert the company of this intended trade, informing the buyer that it has done so;
5. The company would then have a chat with the buyer to determine if it is a takeover bid or not, and to determine any interest such a person may have;
6. The company must within 48hours get back to The Stock Exchange if they have any reservations or objections to such a transaction;
7. If it is a hostile takeover, the provisions of the ISA 2007 in respect of such would form the basis for moving forward.

These basic ethos provide a basic framework in which such transactions have and should be conducted. To have a 10% volume movement treated as just any other transaction is an abuse of the market processes.


Courting a Value laden bride

Ten (10) days ago, little did we know that such would happen but the signs where there. This action simply validates our market call on the Transcorp stock.



In the executive summary published, we made allusions to the set backs in model, board constitution, debt overhang, management challenges and the political risks that confronted the institution which had been deftly managed, against all expectations, to deliver a company that appears focused and ready to deliver on its shareholder commitments. The analysis sought to explain the raison d'être for the resurgence in the price of the stock. Since then (N0.81k) the stock has gained 37.04% (N1.11k) suggesting a sustained interest in the stock.


Source : Proshare Analyst Services


Today’s Volume Activity



The conglomerate sector led the market transaction volume today with 2.51billion units valued at N2.81 billion (US$19.07Million) exchanged in 198 deals as against 31.28million units valued at N96.31million (US$0.652million) exchanged in 261 deals recorded previous session.

Transaction volume on the exchange surged by 571.82% to close at 2.72 billion units exchanged in 4,842 deals as against an upbeat by 18.97% recorded in previous trading to close at 405.87 million units exchanged in 7,962 deals.

A cursory analysis of the prices and volume figures of Transcorp from January 4, 2011 till date reveals that the Volume today for Transcorp is exceptionally high (2.51 billion units) when its average volume traded during the year is 6.10 million.


The Implications

It would appear that there is an issue with this transaction. Certain persons with funds have decided that this company’s fundamentals represent a good investment and have decided to take advantage of this benefit.

The question now needs to be asked – how did this deal go through – with NSE approval with or without the company’s consent. The board and the NSE owe the market an explanation.

Informed sources point to an ex-bank CEO who has shown a bullish approach to the firm and who has support from a leading stockbroking firm that hitherto had issues of ethical boundaries with the exchange.

We await the report from the NSE on this transaction and a validation or rebuttal of the compliance guidelines




NB:
Who bought/sold over 11b units of transcorp yesterday....

mendes911:
We are not discussing about "peoples" purchase, rather we are discussing about Peter and his several inconsistencies. Get the difference sir.

Even the biblical Peter said one thing to Christ and did exactly the opposite at the appointed time

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/20261_CHAMPION_BREW._PLC._FINANCIAL_STATEMENTS_OCTOBER_2017.pdf

This one's missionary journey still get many parts.
OS wahala....
One stock with liquidity calculus....

OBAGADAFFI:
Welcome to the NSE

The more you look the less you see

Oando's volume may SPIKE soon if dem hand join....
I lovingly abhor the drama here....

fxuser:
the bus driver go soon come

He is still mixing the weeds that can do the magic....

RabbiDoracle:
Shhhhh....No too loud am....i no fit buy beer for boys...

bigjay01:
Mr Sabinus, I guess you meant North Korea. lat time i checked, S Korea have not been in the news lately for ballistic missiles

You see where the guy wan start trouble again?

RabbiDoracle:
I was Oracle

ORACLE! ORACLE!! ORACLE!!!

emmanuelewumi:
Do you have Lafarge? Are you buying Lafarge? What do you have to say about the French guys, I know you have worked with them. How far with your Guinness loot?

Hmm, so it is this Oga that looted most of the bitter taste out of STOUT and Guinness disguised it as SMOOTH....

BullBearMkt:
...@DeRuggedProf and @RabbiDoracle unna too much, I'm just enjoying the 2

It's good to have fun here a bit.

Intendy:
https://www.vanguardngr.com/2017/11/breaking-fg-declares-friday-public-holiday/

CONFUZION......

emmanuelewumi:
The Oracle of smn you are welcome on board.

Ifeanyin kedu

I genuflect.....

PETERiCHY:
For now let the teeth shining continue by the time S.Korea Ballistic missiles will hit the market all man will take cover.

Invest ONLY what you can afford to lose. Period!

*ThE OcToPuS*

Let me know when you re-enter the Market.
I use your re-entry as an EXIT CONFIRMATION, even if A LIVE BULL enter NSE....

RabbiDoracle:
I agree. I do too.

But if you follow fluctuations, you will sell early. You can't have a smooth ride when flying from Ph to Lagos. It must be bumpy. So follow the bumps.

Anyway I'm a long termer.

I like the TA guys. They are my catalyst.

I only don't like them when they refuse to honour my greed, which they occasionally do....

RabbiDoracle:
Fear nothing.

For every buyer there is a seller, only the future will prove one of them to have made a mistake.

Be a good marketer.
Never sell your stocks at a retail price to retailers so that you can last long in your trade....

Even Currentprice that should NEVER EVER SELL does sell.....
When the p/e take narcotics, Currentprice refuses to be it's guarantor any longer..