₦airaland Forum

Good morning my fellow naija Family.....

Nairaland was a great tool for my VISA interview that took place yesterday morning. As i was able to get the VISA for me and my Husband with no issues. My advise to all expectants is that you should prepare. you need your Husband to work closely with, listen to ur interview rresponses prior to the interview so u dnt shoot urself in the leg. As for the husbands, please avoid TIE. DO NOT OVER DRESS as those guys are smarter than you think. IF YOU LIKE WEAR UNIFORM,WHAT MATTERS IS YOUR SHARPNESS AND CONFIDENT..... See my trascrip below;

VO: Good morning
Us: Good morning ma
VO: Why are you going to the US
DW: To have our baby
VO: Why US?
Us: Due to its top notch medical infrastructure
VO: Where do you work?
DW: I work for blah blah blah, d direct sub to xxxxxxxxxxx
DH: I work for blah blah blah
VO: How long?
DH: 5 year
VO: Why do you choose to apply here instead of from xxxxx
DH: we need to present my DW at her office in xxxxx in order to get her letter of intro
VO: Do you have anyone in US
DH: Yes, Mr xxxxxxx
VO: How long do you both intend to stay
DW: 3 months
DH: 3 weeks - (This is to enable them believe that you have ties to ur job in Nigeria)
VO: Do you intend staying with him
DH: Not at all, but he promised to visit us at our lodge --- This is a psych question to test if you will be a dependent to anyone
VO: how much do you earn
DW: Above 300k
DH: Above 700k - He has to call his next year salary by FAITH
VO: What is your budget
DH: estimate of 12k dollars
VO: I will issue you ur VISA today but please ensure you keep your expense receipts of payment for future applications as i have noted in your profile that it will be requested for on your next application. If you dnt incure expense of over 10,000 USD u will be denied in your future application. Do not accept discounts or medicaid. Ensure you verify all discounts given to you by ur hospitals.
DH/DW: Thank you.
VO: Here is your whitepaper on how to collect your visa

mendes911:
And for someone that has all the youthful age of mentality to equate downtime of NSE as an attestation that Nigeria is not yet ready to embrace technology, that's appalling.

My Oga, if this is your definition of "young" mentality of work, I can only imagine how old you might be.

NYSE had a glitch earlier this year that was a source of distortion to closing price of commodities. I should also take it that the US is not ready to embrace technology.

And before you ever start arguing with someone, endeavor to understand the bone of contention.

You waited 100 days for Buhari, you can still wait till next month for NSE to restore their service..

rebekah2011:
I disagree. Nigeria really has tried. How many glitch or downtime do we have in a year?

This is the 7th time for FIX downtime oga....

mendes911:
Just for today's downtime and you are already screaming that Nigeria is not ready to progress using technology. The way and manner we batter our self shaaa.

I don't expect more from someone use to old mentality of work. 1 min downtime is unacceptable. When last did you hear of downtime from the NYSE? And Also, today is not their first time this year. Its their 5th time for general downtime and 7th for FIX downtime.

NSE is down. Nigeria is not ready to move their business using technology..

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lancee:
Mopping of FBnh since @ 6.08..hope they won't be tired

As at 2:00pm, 60 million units have been sold.... We go keep they mopp.. We need more sellers

Royal Rumble 2017- ETISALAT vs 13 NiGERIA BANKS

CBN Orders Bank to Chilax.... I sense opportunity

Read more at: http://www.vanguardngr.com/2017/06/cbn-orders-lenders-maintain-status-quo-etisalat-indebtedness/

veecovee:
sorry, I didn't even wish to sell today, I was shocked around 2.20pm yesterday, when over 30m bid at .67k was filled...I quickly pulled my trigger to sale at .65k. Some days are like this, pls forgive me

Bros na for which platform u sell WEMA at .65k? The lowest it did today was .67k. I sold at 70k. Also, please confirm that u actually sold WEMA cos it never touched 65k. Check you account bros as the WEMA you bought still dey dia...

Princkez:
May & baker fuel has finished...it really tried

Their plane don crash... It has descended to 22,000 ft above sea level, by tomorrow it will shade another 10,000.......

Received same report from CardinalStone. Most Analysts are aligned with this report. That backs my earlier comment that the God of Transcorp will arise next week.....

PharmAlfred:
Transnational Corporation of Nigeria Plc - Improved Earnings Outlook

Stock & Analyst Updates694 VIEWS 



Friday, June 16, 2017 12:50 PM /CardinalStone Research

In light of recent developments in the power and hospitality sector, we update our outlook on Transnational Corporation of Nigeria. We revise our target price (TP) to N3.05 and place a BUY recommendation on the counter. Kindly find key highlights below;

CBN/ NBET Upstream Payment Assurance Program
Recently, the Federal Executive Council approved a payment assurance guarantee for the power sector, which is to be provided by the Central Bank of Nigeria (CBN) as part of measures to address the protracted liquidity problems facing power generation and distribution companies in the power sector.

The Payment Assurance Facility is a N702 billion (US$2.3 billion) CBN loan to Nigerian Bulk Electricity Trading Plc (NBET), guaranteed by the Ministry of Finance (FMoF), to support NBET electricity payments to GenCos and in turn, to gas suppliers. The Payment Assurance Guarantee is for a two-year period, beginning in January 2017 and will guarantee NBET’s payment obligations to GenCos up until December 2018.

According to the Nigerian Electricity Regulatory Commission (NERC), the Nigerian Electricity Supply Industry has been experiencing a shortfall as power distribution costs have increased by 40% between 2012 and 2016 whereas average electricity tariffs have not kept pace with this increase.

This shortfall has had a detrimental impact on the energy companies throughout the value chain as the distribution companies (DisCos) have accumulated large arrears due to the generation companies (GenCos) – N470 billion (US$1.5 billion) as at FY’16. The wider economic effects of the tariff deficits were also evident as the GENCOs had difficulty in meeting their payment obligations towards financial institutions and gas suppliers.

Figure 1: Power Assurance Guarantee Structure



Power reforms to serve as catalyst
According to NBET, payments have commenced and this was confirmed from our discussions with Transcorp’s Management. Under the arrangement, the Payment Assurance guarantees payment of 80% of the GenCos’ invoice which according to management is about N3.2 billion per month.  

Average monthly payments was about N1.1 billion before the new framework kicked-off. In our view, this will slow the pace of growth in outstanding receivables and reduce the negative impact on working capital. Also, with the stability in gas supply so far this year, management disclosed that capacity utilization has improved, hovering around the 60% level. 

Therefore, we revise our average capacity utilisation to 57% (Previous: 55%) well above the 48% and 50% observed in FY’16 and Q1’17, and raise our 2017 revenue projection for the Transcorp Ughelli Power Limited to N59 billion (Previous: N52 billion). 

Improved outlook for Transcorp Hilton Abuja on ABV re-opening
The closure of the Abuja International Airport (IATA: ABV) had negative implications for passenger traffic and consequently occupancy levels at Transcorp Hilton Hotel Abuja in Q1’17. 

According to management, average occupancy level in Q1’17 dropped to 52% (Q1’16: 64%) with a marked decline in March when average occupancy level printed at 41%. With the re-opening of the Abuja airport, traffic has improved and occupancy levels are back to normal. 

Management took advantage of the downturn to refurbish some of the facilities and these facilities have been re-priced accordingly. We retain our 2017 average occupancy level at 56% (FY’16: 59%) and our FY’17 revenue forecast at N13.7 billion.

Valuation 
We expect an improved performance from the power and hospitality subsidiaries and revise our FY’17 revenue projection to N73 billion (previous – N67 billion), 23% growth from FY’16 revenue. Costs surged last year due to the double impact of exchange rate and inflation. With some moderation expected in inflation this year, we expect gross margin to improve to 51% from 50% in FY’16.  

Barring a devaluation, net finance charges should reduce by about half and thus the company should return back to profitability. We project a net profit of N6.2 billion by FY’17 from a net loss of N1 billion in FY’16. 

We have revised our target price to N3.05 (Previous: N1.00) to reflect the impact of an increase in power generation as a result of better gas supply and increased hotel revenues from ongoing upgrade. Our revised target price presents a 65% upside to current price of N1.85 and revise our recommendation to a BUY (Previous: HOLD).

Credit: Proshare. I hope we find it revealing.

Please do you have FO? If yes, please sell so it can rally cos i notice you are the one holding the market down..

maishai:
I noticed something this bullish era, the moment I take my profit from a stock, the way the stock rises in price just amazes me, bailed out of transcop @ 35% and the stock has returned close to 100%, bailed out of fbnh @ 50% and the stock returned more than 120%(bought 3:12), now I have bailed out of CCNN @ 35% everyday is a new high for this stock..............@ times I now feel that stocks that are resistant to price change in my portfolio are just waiting for me to sell to start moving up

Did u read my post? Why did satan blind your eyes to "Next Week"?

Zhirinovsky:
So after queuing for a whole day and was unable to buy,you created a new moniker and spewed this rubbish without any proof inorder to cause panic sell abi.

100 percent true

9free:
Only those in OandO, Forte Oil, Transcorp and FBNH will understand this.

Next week is all about Transcorp..... TP reviewed to 3.80. People wey dey hold May & Baker go