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Politics / Re: Atiku And Peter Obi Meet (Photos) by Mankind2024: 1:59am On May 14
Obi and Atiku cannot rule Nigeria. It was not predestined for them
Take counsel together, and it shall come to nought; speak the word, and it shall not stand: for God is with Nigerias and PBAT.
Isaiah 8 vs 10.
The association of Obi-diot and A-thiefku would amount to nothing.
Together, they would be defeated woefully and terribly again.
No vacancy in Aso Rock.

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 6:46pm On May 10
Hogwarthtrades:


Good to hear it worked well. Enjoy the divy spree cool cool cool . Registrars in NGX are gradually getting better with time. Veritas on the other hand ~ i comment my reserve (i hope dang refinery find another house whenever the merger sail through)
I can confirm that Veritas is a potential dividends thief, not joking, I was underpaid by over N1,600,000.00 , going to initiate the process of reclaiming my Zenith Bank 2023 dividend from this perennial Dividend robber by next week. Giving up gradually on this obodo naija.
Corporate and public thieves everywhere.

2 Likes

Crime / A Mail From � Brainless And Jobless Yahoo Boy. by Mankind2024: 1:54am On May 07
These Yahoo boys no go kill person with this their nursery school 🏫 format. Uncensored, unedited, copied from my spam box.


From Miss Madelina Zamabam.

Good day, I hope all is well. It is my pleasure to contact you for a business venture which I intend to establish with you in your country,

Although we have not met before, one has to believe in someone to succeed.

I'm 20 years old and the only daughter of my father,Late Mr & Mrs Jeanabyi Zamabam, Native of Odienné republic of Ivory Coast or (Côte D’Ivoire).Because of the ongoing civil war series in my country for several years ago, there is this huge amount of eight million, five hundred thousand US dollars (US $ 8.500,000.00) which my late father deposited in a finance firm Ivory Coast here before he was murdered by some unknown enemies.

Now I decided to invest this money in your country or anywhere safe enough for security and political
reasons.

Now I decided to invest this money in your country or anywhere safe enough for security and political reasons. I ask you to help me to invest this fund in your country in any lucrative venture.

Now let me ask a few questions:

1. Can you honestly help me as your friend or family member?
2. Can I completely trust you?
3. Can you get me a good school for the continuation of
My education career, which was interrupted by the sudden death of my parents?

If you can provide honest and sincere care for me, I'll be satisfied to offer you 15% of the total fund for their help and humanity.

More details will be made known to you upon confirmation of your interest to help me.

I am immensely waiting for your urgent response
With due regards,
Miss Madelina Zamabam.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 5:37pm On Apr 11
GEREGU POWER DIVIDEND...✔️
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 7:24pm On Apr 06
Investment / MONEY Anxiety:if You Have Money Anxiety, Knowing Your Financial Attachment by Mankind2024: 7:23pm On Apr 06
The number of people struggling with money in Britain is at a record high. Financial charities say that people are contacting them for help with debt, paying bills and insolvency. The campaign group Debt Justice found in a survey that 29% of 18- to 24-year-olds and 25% of 25- to 34-year-olds had missed three or more bill payments in the last six months.

A majority (65%) of people don’t think they can survive on their savings for three months without borrowing money. Statistics from the UK’s financial markets regulator show that more than one-third of UK adults have less than £1,000 in savings. And a survey by Money.co.uk found that 30% of Brits aged 25-64 do not save at all for retirement.

With figures like that, is it any wonder that 75% of people in the UK feel anxious about money?

The current state of the economy is particularly scary for young people. Unless you were born with a trust fund (not most people), you are likely part of the first generation to be financially worse off than your parents. Retirement seems like an impossibility, and you’re unlikely to own your own home. Eighty percent of people in their early 20s worry about not earning enough.

It is important to start planning for your financial future early in your career, but you may find it overwhelming. The good news is, there are ways to overcome this.

Finding your financial attachment style
As a psychotherapist and finance researcher, I work with people to help them to increase their financial confidence and find the motivation to start planning. This often starts with understanding what influences their relationship with money.
Attachment theory is a psychological concept introduced in the late 1950s. Your attachment style – which can be, for example, secure, anxious or avoidant – explains how you approach creating emotionally intimate relationships with other people. Some people feel secure building relationships, while others are extremely anxious. Some avoid close relationships altogether.
The number of people struggling with money in Britain is at a record high. Financial charities say that people are contacting them for help with debt, paying bills and insolvency. The campaign group Debt Justice found in a survey that 29% of 18- to 24-year-olds and 25% of 25- to 34-year-olds had missed three or more bill payments in the last six months.

A majority (65%) of people don’t think they can survive on their savings for three months without borrowing money. Statistics from the UK’s financial markets regulator show that more than one-third of UK adults have less than £1,000 in savings. And a survey by Money.co.uk found that 30% of Brits aged 25-64 do not save at all for retirement.
With figures like that, is it any wonder that 75% of people in the UK feel anxious about money?

The current state of the economy is particularly scary for young people. Unless you were born with a trust fund (not most people), you are likely part of the first generation to be financially worse off than your parents. Retirement seems like an impossibility, and you’re unlikely to own your own home. Eighty percent of people in their early 20s worry about not earning enough.

It is important to start planning for your financial future early in your career, but you may find it overwhelming. The good news is, there are ways to overcome this.

Finding your financial attachment style
As a psychotherapist and finance researcher, I work with people to help them to increase their financial confidence and find the motivation to start planning. This often starts with understanding what influences their relationship with money.

Attachment theory is a psychological concept introduced in the late 1950s. Your attachment style – which can be, for example, secure, anxious or avoidant – explains how you approach creating emotionally intimate relationships with other people. Some people feel secure building relationships, while others are extremely anxious. Some avoid close relationships altogether.



This article is part of Quarter Life, a series about issues affecting those of us in our 20s and 30s. From the challenges of beginning a career and taking care of our mental health, to the excitement of starting a family, adopting a pet or just making friends as an adult. The articles in this series explore the questions and bring answers as we navigate this turbulent period of life.

Attachment style can also apply to your finances. If you feel confident and safe when it comes to money, you are secure in your relationship to saving and spending. But if the thought of opening an ISA or filling out a tax return, let alone planning for retirement, fills you with dread and panic, you may be anxiously attached. And if you if you push money worries to the back of your mind, you are likely avoidant.

Attachment theorists and psychotherapists like me think that attachment styles are shaped by childhood experiences – for example, how well you were looked after by your parents or carers, and how safe and loved you felt.

The way money was handled in your family growing up is likely to have set the blueprint for your financial attachment style. Outside influences like education or work experiences may shape this too.

Although financial education is part of the school curriculum in the UK, 76% of children leave school without sufficient financial knowledge to manage their lives. Similarly, financial services like banks have done a poor job helping people establish secure financial relationships. Complex and off-putting language has placed a barrier between those who know about money and those who need to learn.

If you feel unable to keep up with financial terms, or that you don’t understand money, this is likely to hurt your confidence in your financial planning abilities and fuel a more avoidant attachment style.

Identifying your attachment style can help you nurture a better relationship with money. You will be able to understand and predict how and why you react to finances in certain ways. And, it can provide confidence by reminding you that money struggles are not necessarily your fault.

Getting over financial anxiety
Some of the recent financial trends spreading on social media may give an insight into your attachment style. Are you “loud budgeting” (being vocal about why you aren’t spending money)? This could be a sign of financial confidence and that you have secure financial attachment. Or are you “doom spending” (spending money you don’t have instead of creating a nest egg for the future)? You may be avoidant.

Healthy relationships with people and money are both critical for our survival and mental health. As an adult, you have the power to improve these relationships. But because attachment patterns were formed early on, they are difficult to change. Therapy and other support can help you adopt healthier habits, as can increasing your financial knowledge.

If you want to change your relationship with money, you should try to be mindful of what may be influencing you. While financial advice on social media may be useful and help young people feel more empowered to talk about money, it can also increase anxiety further and be full of misinformation.
Read the original article here:

https://theconversation.com/if-you-have-money-anxiety-knowing-your-financial-attachment-style-can-help-225243
Foreign Affairs / Re: Iran To U.S : Step Aside So You Won't Get Hit. by Mankind2024: 1:02pm On Apr 06
Interesting days ahead.
Make I add Lockheed Martin (LMT) to my portfolio.
It is never a crime to follow Chop from bomb money.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 5:17am On Apr 02

Education / Re: Who Can Solve This Maths? by Mankind2024: 8:04am On Mar 28
Crunchy12:

This is a well behave equation, unfortunately human being are not well behaved. Why?
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 6:10am On Mar 24
AN INVESTMENT LESSON FROM THE SPIDERWEBS:
WHAT IS THE DIFFERENCE BETWEEN A POOR AND A WEALTHY HARDWORKING PERSON?
IT IS ALL ABOUT MONEY.
Money is abundant. Money is EVERYWHERE!
The government has money, the banks have money, schools have money, restaurants have money, students have money, there is money everywhere in the World.
You have money, your friends have money!
The rich have money, the poor have money!
Money is EVERYWHERE and always moving. Money is “flying” all around us, ALL the time, 24 hours a day — everyday, 365 days a year.

The difference is in HOW they ‘catch’ money.
Poor, hardworking people invest their limited working hours ‘chasing’ money, while the wealthy, hardworking people will invest the same amount of limited working hours building an asset that will “catch” money for them.
For example, spiders will NEVER work hard chasing flying insects to make a living. Instead, they will work hard building a spiderwebs that will catch abundant flying insects for them.

Copied and pasted

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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 6:05pm On Mar 23

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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 4:25pm On Mar 21
INVESTMENT TIPS FOR NSEMPA INVESTORS (NOT TRADERS) Q2 (2024)
1. There is no such thing as a genuine get-rich-quick investment. The saying, “If it seems too good to be true, it probably is” rings more true for investing than any other financial transaction. Promises of large returns are seldom true. The best investment is a safe, steady, long-term one, where you let your money work for you over the longer term...NOW POSSIBLE IN OUR DEAREST NGX

2.If you have your eye on something you want, wait five days before you buy it. This removes the risk of buying on impulse and allows for rational spending. I WAS A VICTIM OF THIS AT THE JUST CONCLUDED TRANSCORP POWER LISTING BY INTRODUCTION, I BOUGHT 21000 UNITS AT AVERAGE COST OF N370. WITH CASH AT HAND, I COULD HAVE GOTTEN IT AT AVERAGE COST OF N360 IF I HAD WAITED 5 DAYS POST LISTING.

3. Take the time to get to know financial and investment terms. Having an understanding of the basic concepts allows you to more easily grasp the advice provided on NSEMPA thread You can also ask pertinent questions to make more informed decisions.

4.There is no one-size-fits-all investment approach: Each person is an individual and should follow a customised investment plan that takes into account personal economic needs.
5. At the very least, start investing as soon as you can, even if it is just a small amount each month. You can grow this amount when your finances allow. Starting today is better than starting tomorrow. THIS WORK FOR ME. I LEARNT TO SEIZE THE DAY. I DO NOT TIME THE MARKET. THE MOST IMPORTANT THING IS THE FUNDAMENTAL. I AVERAGE UP OR DOWN TILL I ATTAIN EQUILIBRIUM WHERE I'M COMFORTABLE TO DECIDE, BOOK PROFIT OR BUY MORE. I HAVE 600,000 UNITS OF ACCESS AT AVERAGE COST PRICE OF N12.00. I FEEL COMFORTABLE TO BUY MORE AT CURRENT PRICE, THE GOAL IS 1M UNIT.


***MODIFIED****

11 Likes 1 Share

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 3:53am On Mar 20
https://punchng.com/shareholders-excited-as-zenith-bank-appoints-umeoji-first-female-gmd/?amp


OUR LATEST OGA AT THE TOP, MAKE U NO REDUCE DIVIDENDS OOOH, RUMOUR GOING ON IS THAT THE MANAGEMENT MIGHT REDUCE ZENITH DIVIDEND.

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 9:32am On Mar 19

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 9:15am On Mar 19
Locotrader:


Good morning,
Let me put mouth small so that people will not depend solely on Jijo with huge capital.

All the years I have been in this market, it is only in this Tinubu Administration that I got 50million Million naira and above.

Now I don't do Jijo again.I make much researches on the stock to put my money whether dividend or no dividend. I only put my money in stocks I think can give me 100% or more no matter the time it will take but must come. I don't go for 20% again with huge funds.

I will also be spotting opportunities for people who can buy and sell within a short period especially the swing traders.


@locodemy..Long time indeed.
How is your commercial farming going?
Well, enterprise is doing good here.
Your confession moved me. I think I should also confess.
It is during this Emilokan time that my sweat and blood life portfolio returns a crazy growth of over 350% with capital appreciation of over NGN 150M plus in Naira, while the offshore portfolio is now eyeing the critical and most difficult break out point USD100k which would definitely be by May 2024.
The NGX goal has always been NGN1B, I ain't given up, We rise and rise till the dream is realised.
I'm so glad that members are doing well.
The best empowerment we can offer new members is principle of investing and trading.
Not all the TA vs FA debacle.
People would never seized the day thinking the Market would obey TA or FA due to procrastination and behavioral biases that can hinder sound financial decisions.
I learnt to seize the day and allow the owner of the Market to do the needful.
I buy the stock of good companies with set Target of at least 1M unit, which I often achieve within 1 year @ most. This implies that I do not look at what the chat is saying.
This was how I acquired the 1M unit of Zenith at average cost of 21 as at the closed of business yesterday.
The only regret which I found it difficult to pardon my decision was offloading FBNH premature at NGN21, seeing it yesterday at NGN40 was waoh....This Market is crazy. Never say Never.
Noone owns the market, long-term investors are the overall winner 🏆 of the Market trophy.
Wishing u all a greenish day ahead.

10 Likes 1 Share

Politics / Re: Delta: Army Recovers Mutilated Corpses Of Officers by Mankind2024: 10:17am On Mar 18
Disastrous NA
Their permanent trade mark is destruction.
Na so them killed unarmed civilians @ Lekki toll gate, Odi, now the ongoing burning 🔥 of houses in Okuama community in Ughelli South Local Government Area of Delta State.
May God intervene on behalf of the innocent people of Ugheli.
The World is watching.
No sympathy for Army of occupation from the North.
What they can't do to Islamic Boko Haram in the Northern enclaves is what they are doing against our people in d South.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 8:33pm On Mar 17
Agbalowomeri:


Laughing keh
With my garri ijebu here
Mercy no allow me see garri buy again
We left indomie for them, they still came after our garri

Agbalowomeri reversed Ichimoku strategy.
I done use my telepathic crystal 🔮 ball see the next strategy of Agba.
The only man wey dey collect from NGX when he is not actively investing.
Agba, A beg teach me dz reverse Ichimoku strategy oooo.
Na beg I dey beg..
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 5:23pm On Mar 15
yMcy56:

Agba go just dey vex within himself anyhow......
Chai!! More days of Garri drinking!! shocked lipsrsealed

GT about to touch 50!
The resilience of those stocks were top notch!

No be Oga Agba fault ooo, Na Ichimoku strategy and Fibonachi retracement cause confusion in d midst of Elliott wave.
The confusion generated by these technical waves made Oga Agba indecisive for too long.
He believes, Zenith is going to crash to Km 17,
GTB @km 18.
From all indication, his last investment in NGX was June 2023.
The dead bone shall rise again.
Agba will deal a major blow to NGX when the index obeys Ichimoku strategy at ASI of 45,000 by 2038.
Lol

3 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 4:34pm On Mar 13
After reading the pyramid of challenges, I could not hold back than to appreciate all the participants in this forum.
Kudos 👏 2 u all.
Here is the pyramid

You currently need N2000.00 for food from someone who needs N20,000.00, to fix his car and he is looking up to his friend who needsN200,000.00 for his business and he is asking it from his brother who needs N2M to complete his house. His Brother is in turn asking the bank credit manager for a financing of N20M to execute a government tender contract of which the same Nigeria 🇳🇬 government is requesting for a loan of $800M from World Bank.

https://www.reuters.com/world/africa/nigerias-tinubu-seeks-lawmakers-approval-800-million-world-bank-loan-2023-07-13/

Everyone got problems!
The N2000.00 you are getting from someone is out of sacrifice and love ❤️.
Appreciate it!😂

18 Likes 2 Shares

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 3:32pm On Mar 13
The Breweries present a falling knife phenomenon.
What does it mean to ‘catch a falling knife’ in trading?

There’s a saying on the trading floor in Chicago and I’m sure it was on other trading floors: “Don’t add to a loser”. That was always considered completely taboo.

You’ll also hear it called: “Catching a falling knife” in some circles. I know people who are constantly averaging down to better prices in stocks and commodities.

Some commodities are down 44% on the year and continue to fall and some people are saying: well, ‘X’ commodity is constantly in deficit, so I’ll average down to a better price.” They’re catching a falling knife and if you can visualize that, it’s not a good thing to do.

Not many people know this, but when a stock or an asset or a commodity makes a low, it’s more likely to make another low, statistically, than for it to stop at that point and turn around.

4 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 6:14pm On Mar 11
Sports / Anthony Joshua Brutally Knocks Out Francis Ngannou In Second Round – As It Happe by Mankind2024: 3:06am On Mar 09
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 8:27pm On Mar 07
Deadlytruth:

Well, I now have this feeling that by tomorrow any successful bid for TPP will be at about N386, so even if it rallies to N1,000 to catch up with GEREGU, that will just be roughly 158% profit which IEI is likely to surpass within the same time frame. How do you see that?
I'm not a fan of IEI, never had it in my portfolio.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 7:38pm On Mar 07
Deadlytruth:

Ahhhh. TRANSPOWER actually made me look the way of anything TRANSCORP for the first time in a long time but after queuing for it for two attempts without success, I diverted the funds into IEI and have made 10% now for two consecutive days hoping to have same tomorrow thus still achieving what I would have achieved if TRANSPOWER bid had succeeded. I had already looked at IEI's results and found them to be fantastic amidst its very small Freefloat of less than 200 million.
So I am not in the TRANSPOWER cabal grin
You would have lost at least 2.6% if you had succeeded in buying TPP @ market price today, then gain10% 2mao.
If u really want TPP in your portfolio, you need to challenge your broker.
This was the step a good friend took today and was able to get 7000 units.
Tell your broker the deadly truth, the need to get your desired units through a cross deals, the no of years you have being patronising them, the success of your colleagues at other brokers, the possibility of transferring your portfolio etc
Be rest assured, u will get it.

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 2:31pm On Mar 05
Yes...Transcorp PLC is doing what prosperity and luck does to intelligent self investors.
Daily 10% till Friday.
Km 21, destination 22 NGN.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 8:19am On Mar 05
chillykelly86:
I picked an info that their tower contract is priced in dollars as a reference and that's responsible for part of the profit erosion. Unfortunately, I can't pinpoint the source and veracity of that information now. Does anyone have reliable info on this? Because if that's true, then that part of it is not one-off and will even grow.

Though I expect a turnaround as I expect the Telcos will meet with NCC and raise tarrifs to pass the costs down to the end-users eventually.



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
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 8:14pm On Mar 04
owolabi5:


MTN is Highly Geared. Their operations are mostly funded by loans especially foreign currency denominated ones.

Almost all the equipments they use are imported from the likes of Ericsson, Siemens, etc; hence they pay the companies in dollars. Even licence fees are in dollars. Most of these telcos usually raise this huge funds in dollars from banks.
The truth of the matter, no government or tax authority can force an individual nor a quoted company to declare profit or pay a direct taxes on earnings.
The decision is yours, all they need from you is a financial statements.
The Auditor/s usually request for receipt of expenditures , contract, loans and overdraft advances.
As a sole proprietor, I ensure all my on and off business expenditures are directly and indirectly transferred to my Entrrprise. The implication of this is that the government cannot and would never get a direct income tax from me, coz I I was not employed by them nor listed on their payroll.
MTNN just decided to show Nigeria government and shareholders a maximum shege BARAWO BANZA.
You will need a all the forensic auditors in Africa to investigate MTNN.
We are just @ ther mercy
Crime / The Email I Received From A Desperate Yahoo Fraudster. by Mankind2024: 7:42am On Mar 04
Me wey I never reach MMIA, na him I come get mail say I don hammer £6,150,000 mama Charlie money. I just dey laff, make nairalanders follow me laff on top this new yahoo yahoo lottery matter.

Payment approval of GBP£6,150,000.00/

Good day, this is a comprehensive summary as to what has been agreed on your pending Lottery winning payout of GBP£6,150,000.00. The hiccup which led to delay of the transfer of your long awaiting Lottery Winning payout into your personal bank account have been rectified in agreement with the Financial Regulatory Body of the United Kingdom. You do not have anything to fear or worry at all as the entire paper work from UK LOTTERY COMISSION and UK GAMBLING BOARD has been concluded and your payout approval documents have all been endorsed.

The Lottery winning payout is approved to be completed into your account in 4 days so that there will be no further hitches, please, note that the final payout approval is endorsed in favor of the Reliance Bank as the accredited bank, therefore, we have received all your payment related papers to enable us transfer the funds to you. Kindly reply and confirm if you are still using the same bank account or, furnish your alternative bank account for immediate processing of the Lottery winning payout into your account.

Waiting for your prompt reply.

Faithfully,
Adam Agius
Head of operation/services.
Billingsgate, London EC3R 8EB,
United Kingdom.
Tel:+447452350324
EMAIL:adamsagius111@outlook.com

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 4:26am On Mar 04
Final decision on Transcorp plc.
I will not surrender a unit of Transcorp plc, would rather use the opportunity to acquire more. The psychology of investing points toward the herd effect.
Many investors are expected to dump Transcorp plc this week in expectation and anticipation of buying Transcorp Power, which would be extremely difficult to get in the secondary market without a cross deal.
The best decision for value investors is to position for a long-term where mother luck plays a significant role.
Generational wealth would be transferred from impatient investors to the patient one this week on this issue of Transcorp plc.
Being PATIENT is the winning word.
Capitalist oligarchs do not send us, since we do not have the license to mint money, we need to be extremely patient in the course of our quest for financial freedom.
We will surely get it right with calculated risk.
Still worth it technically and fundamentally to remain onboard the ship of Captain TOE and HH (Heirs Holdings)
He has done a lot for Transcorp plc that was once hopeless, despite the inherent potential at conception.
His Family investment in Transcorp plc would not be destroyed by Transcorp Power.
My sentiment is to buy more of Transcorp plc, the value Trapped will surely yield a good reward in the not too distant future.
Hold, Hold, Hold, Hold and acquire more Transcorp Plc the goose that is laying the golden eggs, more golden eggs to be produced by Transcorp plc.
Think about "Transcorp Energy"one of the golden eggs that will feed, supply and deliver gas to both Transcorp Power and Transafam Power.

3 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 7:40am On Mar 02
The resolution that empowered TOE to steal Transcorp Power from Transcorp plc was passed on April 21 2022.

https://www.proshare.co/articles/resolutions-passed-at-the-16th-agm-of-transcorp-plc-held-thursday-april-21-2022?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates

Article 10
10. That the Company be and is hereby authorised to invest in, acquire, or divest from any business and/or carry out as the Directors may deem appropriate and in accordance with any relevant laws, any actions, including but not limited to restructuring, reorganisation, reconstruction and such other business arrangement exercise or actions.

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 4:00am On Mar 02
URGENT LETTER TO MR TONY ELUMELU
Dear Chairman
Transcorp plc
Mr Tony Elumelu.
We hope this letter finds you well. We are writing to express our deep concern and disappointment regarding the recent decision to list Transcorp Power, the subsidiary of Transcorp plc , without consulting or informing the Nigerian minority shareholders. This would never happened in an organised country.
As minority shareholders, We were taken aback and shocked by the news of Transcorp Power listing. This decision came as a rude shock, leaving many Nigerian investors feeling neglected and disregarded. It is disheartening to witness such a significant corporate action being carried out without any consideration for the interests of minority investors.
We urge you to reflect on the consequences of your actions and the impact they have on the trust and confidence of shareholders. It is essential to recognize the importance of transparency and communication in maintaining a positive relationship with investors. By excluding minority shareholders from such crucial decisions, you risk undermining their trust and loyalty to Transcorp plc.
Furthermore, We implore you to learn from the unfortunate demise of your fellow Chairman, the chairman of Access Holdings plc, Mr. Wigwe. His passing serves as a poignant reminder of the transient nature of material wealth and human being. In the end, what truly matters are the relationships we build and the legacy we leave behind. It is crucial to prioritize integrity, fairness, and inclusivity in all our dealings, both in business and in life.
By proceeding with the listing without the involvement of minority shareholders, you have not only disregarded our rights but also jeopardized the goodwill and reputation of the company. The decision to list the Transcorp Power without consulting minority shareholders has created a sense of betrayal and disillusionment among investors.
In conclusion, We urge you to reconsider your approach and take proactive steps to address the concerns of minority shareholders. It is imperative to rebuild trust and restore confidence in the company's leadership. As steward of the company, You must strive to uphold the values of transparency, accountability, and fairness in all your actions.
Thank you for your attention to this matter. We look forward to your prompt response and a constructive handling of this issue at the next AGM on how the interest of all Nigerian minority shareholders is protected.

https://nairametrics.com/2024/03/01/breaking-transcorp-power-to-list-on-the-ngx-at-a-n1-8-trillion-market-cap/

https://businessday.ng/companies/article/transcorp-power-eyes-n1-8trn-capitalisation-from-ngx-listing-by-introduction/?amp=1

https://businesspost.ng/economy/transcorp-power-to-list-shares-on-nigerian-exchange-march-4/

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