₦airaland Forum

megawealth01:
Whoever said to me that I bought MTN too high at 170+ then should just hide ooooooo... I said it that mtn at below 200 is underpriced and undervalued... E go shock many

Not a recommendation as I am heavily loaded on MTN for long term... I bought at 170 and I announced it here then!

As you can see Mr Market is not your mate

Mpeace:
Lol, you and this your transcorp. I know how much I have made from vitafoam(price appreciation) and wapco(dividend and price appreciation) since you started calling transcorp. Hope you are really making money from this NSE or is just averaging down and down

You are a badt guy

currentprice:
try here bro https://doclib.ngxgroup.com/Financial_NewsDocs/34366_TRANSNATIONAL_CORPORATION_OF_NIGERIA_PLC%20_QUARTER_3_%20_.pdf

TRANSCORP fair VALUE is N8:80k

BARGAIN HUNTERS TAKE NOTE!

We MOVE!

TIME will come a SUPERLATIVE FORCE will push TRANSCORP above N8.

In time past we made such predictions about DANGFLOUR.. UACN & UNIONDAC and it all came PASS.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

Raider76:
Transcorp hitting 0.97. Earnings expectations?

By this time next month TRANSCORP will be in cloud 9

BARGAIN HUNTERS TAKE NOTE!

BRENT sighted @ $79
Should we expect $100 by year end

BARGAIN HUBTERS TAKE NOTE!

locodemy:
The more the mopping, the less the offers.
I will like the mopping to continue throughout next week so that the faint hearted ones will handover their kaya to the lion hearted like us who are not ready to release until above #2.

I don't sight a stock that wont yield something.This one must respond despite the delay and I ain't going anywhere.

I am waiting to hear what my oga Peter will say about my price target.

EXPECT a very sharp rise in price BUT don't be carried away.

*ThE OcToPuS*

Ades1:
LMFAO!!!! This bros sha, na July you been dey sing oooh 2.50k sure by July. I mean if you keep the same storyline one day e go come through sha

In 2012 we once bought Transcorp @53k and ride it all the way to N4.50k before alighting though it later peaked at N7:15k

So it's no rocket science.

locodemy:
But market is not responding to the hike in electricity price on Transcorp shares.
Some deep pocket guys are playing out things in this recent price decline.

I have told you severally to go and appease the gods for them to allow you participate in the upcoming surge in transcorp.


Today closing price of 90kobo is their 200days average trading price.

After the shaking out of weak hands it will rise swiftly just like we witness in updc and Honeywell.

TRANSCORP at n2:50k is a SURE BANKER.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

megawealth01:
Na why I left them jare

Sameway you prematurely left updc and Honeywell for oando and chams today what are their prices

PETERiCHY:
HOLD your PEACE.

TRANSCORP will fully REPRICE and PEAK in July after their 2021 H/Y result is OUT. that will be 3mths from now.

KNOW this and know PEACE.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

TRANSCORP antagonist right now

NEWSBREAKING: After 14 years, Reps pass PIB into law.
The Petroleum Industry Bill has been passed into law by the House of Representatives.

The lawmakers passed the bill after consideration of the report of the ad hoc committee chaired by Mohammed Monguno.

Following the clause by clause consideration on the report at the committee of the whole, it was passed.

The session was presided over by the Deputy Speaker, Idris Wase.

Details to follow…

https://dailypost.ng/2021/07/01/after-14-years-reps-pass-pib-into-law/

PETERiCHY:
Point of correction the scammer Mr VALENTINE OZIGBO have been retired.

We now have in place a YOUNG VIBRANT MANAGEMENT being lead by Mrs OWEN Omogiafo TRAILING the BLAZE for our dear TRANSCORP.

Meanwhile that moment you missed your flight ✈️ while looking for who to blame

Mr. Peter Obi has congratulated the immediate past President and Group CEO of Transcorp, Valentine Ozigbo, for emerging as the Party’s candidate for the Anambra State governorship election.

https://elombah.com/peter-obi-congratulates-ozigbo-pdp-anambra-2021-candidate/

Transcorp money speaking

STATE HOUSE PRESS RELEASE

PRESIDENT BUHARI OFF TO LONDON FRIDAY FOR MEDICAL FOLLOW-UP

President Muhammadu Buhari will proceed to London, the United Kingdom on Friday, June 25, 2021, for a scheduled medical follow-up.

He is due back in the country during the second week of July, 2021.

Femi Adesina
Special Adviser to the President
(Media and Publicity)
June 24, 2021

https://www.nairaland.com/6619122/president-buhari-off-london-friday#103052859

Within the next 3 weeks that Bubu will be out of toen.

The BULL will visit NSE

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

PETERiCHY:
HOLD your PEACE.

TRANSCORP will fully REPRICE and PEAK in July after their 2021 H/Y result is OUT. that will be 3mths from now.

KNOW this and know PEACE.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

WEAK HANDS are free to dispose their TRANSCORP holdings @ N0:90,k.
By this time next month WE MOVE.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

locodemy:
Watch the 3 days bonanza.
Volumes are testifying.
Time to position very well.
Breakout is near.

3 days bonanza in japaul or where

locodemy:
I had the opportunity to make 10% in Jp today but why the rush?
Let's see if 20/30% is achievable in the coming days

Transcorp is warming up.soon 1.20 will be stirring at our face.

I know VILLAGE PEOPLE want to push you out but i REPEAT before the END of next month (JULY) TRANSCORP will cross the N2:00k mark

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

[left][/left]

ultron12345:
Nigerians

I was just listening to a Forbes interview of Cosmos Maduka, the founder of Coscharis Group. He was asked what his worst day in business was. He said he had two worst days in business, as follows.

The first, he was in Lagos and received a phone call that there was commotion at his branch office in the eastern part of the country. He rushed there and found out that all his staff there had disappeared with money they had collected in advance from customers for supplies. He was sued by 53 traders and had to repay all the stolen money.

The second, a friend needed financial assistance to bring a shipment to Nigeria. He then stood as guarantor for the bank loan collected by this friend. Till today, the shipment never arrived. The friend sold off the shipment on the sea and disappeared with the money, leaving Mr Maduka with N21 billion in debt, producing interest of N300 million monthly. He had to sell of his entire majority shareholding in one the major banks in order to pay it off.

Nigerians. Why are we so wicked and corrupt?



https://www.youtube.com/watch?v=O-73HOOlMNc

https://www.youtube.com/watch?v=4xycF26uS-o


https://www.youtube.com/watch?v=057skswsCX0

There are 3 sides to a STORY.
Your SIDE
My SiIDE and
The TRUTH.

Journalism

OBAGADAFFI:
I am holding my UPDC for a while.

Do you have a choice

PETERiCHY:
Expo 2021!

LOCO im pretty sure your VILLAGE PEOPLE won't allow you partake in the PARTY but "This same year "TRANSCORP will sell above N4:00k"

Those that has EARS let them HEAR what the NEAR FUTURE holds.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

The acquisition of oil block OML 17 from Total and Shell should allow Tony Elumelu's group to shake up the hierarchy of local oil operators.

On 15 January 2021, Trans-Niger Oil & Gas Limited (TNOG) and Transcorp plc, two of the companies in the galaxy of 58-year old tycoon Tony Elumelu – along with his Heirs Group – bought 45% of OML Block 17 from Shell (30%), Total (10%) and ENI (5%).

Competing with Seplat and First E&P
Elumelu’s group wants to triple the production of OML 17’s wells. At the time of the deal, production was around 27,000 barrels per day, with the existing infrastructure designed for 100,000 barrels per day, a peak reached in the past before a slow decline. Proven and probable (2P) reserves, according to Elumelu, are around 1.2bn barrels.

https://www.google.com/amp/s/www.theafricareport.com/88736/nigeria-oml-17-allows-tony-elumelus-heirs-to-take-on-seplat/amp/

BARGAIN HUNTERS TAKE NOTE!

locodemy:
Why the mighty rush in Transcorp at trade resumption and after 10 to 15 minutes come heavy offers that will send the price back to as low as 84kobo.

Hope this is not a sign of dumping?
It doesn't look like a sign of bull o.

Expo 2021!

LOCO im pretty sure your VILLAGE PEOPLE won't allow you partake in the PARTY but "This same year "TRANSCORP will sell above N4:00k"

Those that has EARS let them HEAR what the NEAR FUTURE holds.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

Bull make money
Bear make money
Pigs gets slaughtered


Meanwhile the way NSEMPA now read comments

PETERiCHY:
HOLD your PEACE.

TRANSCORP will fully REPRICE and PEAK in July after their 2021 H/Y result is OUT. that will be 3mths from now.

KNOW this and know PEACE.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

The President/Group CEO of Transcorp Owen Omogiafo; CEO of Transcorp Hotel, Dupe Olusola; CEO of Transcorp Power, Chris Ezeafulukwe; CEO of Trans-Afam Power, Vincent Ozoude.

Transcorp has two companies in the power sector which are Transcorp Power and Trans- Afam Power and they are all limited companies.

Transcorp Power owns the Ughelli power plant and the in-store capacity is about 980/990 MW of electricity, we own that 100 per cent.

The second Trans-Afam Limited, which comprises Afam Power Plc and Afam Three Fast Power Limited, is a $300 million acquisition. Our deal with the federal government is hinged on the fact that the plant has not been completed.

General Electric (GE) is handling the fast power and they promised to complete it this year, but the Government believes in what we have done at the Ughelli power plant.

When we took over the Power Plant, it was generating 150MW of electricity per day. We took Ughelli‘s generation to 750 MW and the Federal Government was very impressed – that was under President Jonathan’s regime.

Now, under President Buhari’s regime, we completed the Trans-Afam power plant deal. The current government impressed with our track record in Ughelli allowed us to invest there, and the understanding is that GE will complete it.

when we took over and now, there has been an improvement. Today, we produce over 31,000 barrels of oil per day, which is a slight improvement from what it was. We think we are just starting.

The CEO of the company resumed just yesterday (Tuesday). Our ambition is to produce over 100,000 barrels of oil per day because the asset in the past has produced close to that.


With the acquisition we did recently, I’m happy to say it is already supplying gas to our Trans-Afam power plant, but we also need to make sure we stabilise our transmission lines.

I must commend the CBN Governor, Godwin Emefiele, he has done very well because he came in to help increase revenue in that space. Up until end of last year, we used to get less than 20 per cent payment for power supplied, but today, it’s improved to 50 per cent.

Transcorp Power alone is owed over N100 billion, but it’s gradually improving.


https://www.google.com/amp/s/www.thisdaylive.com/index.php/2021/05/09/tony-elumelu-exiting-uba-as-ceo-at-age-47-was-a-blessing/amp/

BARGAIN HUNTERS TAKE NOTE!

Lori iro

Wahala be like bicycle

PETERiCHY:
In November 2013 when TRANSCORP made part payment for AFAM power. their share price SKYROCKETED from sub N2:00k to above N7:00k within 10months then Agba was our bus conductor.

Last yr Nov they made full payment for same Afam power HISTORY is about to REPEAT ITSELF 4months gone.

Let's EXPECT WONDERS to HAPPEN within the next 6mths.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

The Nigerian government has announced its decision to sell five power generating companies.

Constructed under the National Integrated Power Project (NIPP), the sale of the companies will done through the Bureau of Public Enterprises (BPE), which handles the sale of public assets.

The Nigerian government has announced its decision to sell five power generating companies.

Constructed under the National Integrated Power Project (NIPP), the sale of the companies will done through the Bureau of Public Enterprises (BPE), which handles the sale of public assets.

The federal government had in November 2021 said it hoped to realise N434 billion from the sale of three power plants in Geregu, Omotosho and Calabar, which it said would shore up the Federation Account.

According to the breakdown at the time, Geregu power plant was billed to be sold for N140.7 billion; Omotosho Power Plant was to be sold for N151.4 billion while Calabar plant would be available for sale for N143.4 billion.

https://saharareporters.com/2021/05/02/nigerian-government-moves-sell-power-generating-companies-invites-bids

BARGAIN HUNTERS TAKE NOTE!!

PETERiCHY:
HOLD your PEACE.

TRANSCORP will fully REPRICE and PEAK in July after their 2021 H/Y result is OUT. that will be 3mths from now.

KNOW this and know PEACE.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

The Nigeria Electricity Regulatory Commission (NERC) has approved new Extraordinary Tariff Review applications, 5-year Performance Improvement Plan (PIP) and Capital Expenditure, CAPEX, for the Electricity Distribution Companies (DisCos) with effect from July 1, 2021, to June 30 2026.

According to media reports, the order from NERC which was issued on Sunday to the different DisCos and signed by NERC Chairman,

https://nairametrics.com/2021/05/03/fg-approves-new-tariff-applications-performance-plan-capex-for-discos/

BARGAIN HUNTERS TAKE NOTE!

samguru:
Transcorp is about to buy another power plant in Nigeria.

This will not make me to buy Transcorp shares sha

The Bureau of Public Enterprises (BPE) announced that investors who plan to purchase 100% of power generation companies from the National Integrated Power Project (NIPP) should declare their interests.

This was disclosed in a statement released by the Director-General of the BPE, Mr Alex Okoh on Sunday. The BPE did not disclose how much it aimed to raise from the sale.

The NIPP projects being considered for sale are:

Geregu Generation Company Ltd installed capacity at ISO condition of 506 Megawatts (MW)

Benin (Ihovbor) Generation Company Ltd with 507 MW;

Calabar Generation Ltd with 634MW;
Omotosho Generation Ltd with 513MW; and

Olorunsogo Generation Company Ltd with 754MW.

https://nairametrics.com/2021/05/03/bpe-announces-plans-to-sell-5-integrated-power-project-gencos/

We don cut soap � give una

BARGAIN HUNTERS TAKE NOTE

yMcy56:
E Ku Market oo..

So FBNH bids outweigh offers so far......
57M bids against 17M offers.....
We are watching....

ACCESS riding on the good result......@7.45 so far....

Since FBNH bids OUTWEIGH the offer
Hope you are BUYING more

ukay2:
CBN GOVERNOR’S STATEMENT ON THE PURPORTED MANAGEMENT CHANGE AT THE FIRST BANK OF NIGERIA LTD

1.0 Good afternoon ladies and gentlemen.

2.0 The media has been awash with commentaries on the purported management changes at First Bank of Nigeria Ltd (FBN) and the related regulatory inquiry by the Central Bank of Nigeria (CBN) to the Board of First Bank of Nigeria Limited. It has therefore become necessary for me to address the public to clear any misconceptions.

3.0 Ordinarily the board is vested with the authority to make changes in the management team subject to CBN approval. However, the CBN considers itself a key stakeholder in management changes involving FBN due to the forbearances and close monitoring by the Bank over the last 5 years aimed at stemming the slide in the going concern status of the bank. It was therefore surprising for the CBN to learn through media reports that the board of directors of FBN, a systemically important bank under regulatory forbearance regime had effected sweeping changes in executive management without engagement and/or prior notice to the regulatory authorities. The action by the board of FBN sends a negative signal to the market on the stability of leadership on the board and management and it is in light of the foregoing that the CBN queried the board of directors on the unfortunate developments at the bank.

4.0 As you may be aware, FBN is one of the systemically important banks in the Nigerian banking sector given its historical significance, balance sheet size, large customer base and high level of interconnectedness with other financial service providers, amongst others. By our last assessment, FBN has over 31m customers, with deposit base of N4.2trn, shareholders funds of N618bn and NIBSS instant payment (NIP) processing capacity of 22% of the industry. To us at the CBN, not only is it imperative to protect the minority shareholders, that have no voice to air their views, also important, is the protection of the over 31m customers of the bank who see FBN as a safe haven for their hard-earned savings.

5.0 The bank maintained healthy operations up until 2016 financial year when the CBN’s target examination revealed that the bank was in grave financial condition with its capital adequacy ratio (CAR) and non-performing loans ratio (NPL) substantially breaching acceptable prudential standards.

6.0 The problems at the bank were attributed to bad credit decisions, significant and non-performing insider loans and poor corporate governance practices. The shareholders of the bank and FBN Holding Plc also lacked the capacity to recapitalize the bank to minimum requirements. This conclusions arose from various entreaties by the CBN to them to recapitalize.

7.0 The CBN stepped in to stabilize the bank in its quest to maintain financial stability, especially given FBN’s systemic importance as enumerated earlier. Regulatory action taken by the CBN in this regard included:

i. Change of management team under the CBN’s supervision with the appointment of a new Managing Director/ Chief Executive Office in January 2016.

ii. Grant of the regulatory forbearances to enable the bank work out its non-performing loans through provision for write off of at least N150b from its earning for four consecutive years.

iii. Grant of concession to insider borrower to restructure their non-performing credit facilities under very stringent conditions

iv. Renewal of the forbearances on a yearly basis between 2016 and 2020 following thorough monitoring of progress towards exiting from the forbearance measures

8.0 The measures had yielded the expected results as the financial condition of FBN improved progressively between 2016 when the forbearance was initially granted to the current financial year. For instance, profitability, liquidity and CAR improved whilst NPL reduced significantly.

9.0 Notwithstanding the significant improvement in the bank’s financial condition with positive trajectory of financial soundness indicators, the insider related facilities remained problematic.

10.0 The insiders who took loans in the bank, with controlling influence on the board of directors, failed to adhere to the terms for the restructuring of their credit facilities which contributed to the poor financial state of the bank. The CBN’s recent target examination as at December 31, 2020 revealed that insider loans were materially non-compliant with restructure terms (e.g. non perfection of lien on shares/collateral arrangements) for over 3 years despite several regulatory reminders. The bank has not also divested its non-permissible holdings in non-financial entities in line with regulatory directives

11.0 Following further review of the situation and in order to preserve stability of the bank, so as to protect minority shareholders and depositors, the Management of the CBN in line with its powers under BOFIA 2020 has approved and hereby directs:

i. Immediate removal of the all directors of FBN Ltd and FBN Holdings Plc

ii. The appointment of the following persons as directors in FBN Ltd and FBN Holdings Plc

Holdco

1.Chairman – Remi Babalola

2.Dr. Fatade Abiodun Oluwole

3.Kofo Dosekun

4.Remi Lasaki

5.Dr Alimi Abdulrasaq

6.Ahmed Modibbo

7.Khalifa Imam

8.Sir Peter Aliogo

9.UK Eke – Managing Director

Bank

1. Chairman – Tunde Hassan-Odukale

2. Tokunbo Martins

3. Uche Nwokedi

4. Adekunle Sonola

5. Isioma Ogodazi

6. Ebenezer Olufowose

7. Ishaya Elijah B. Dodo

8. Sola Adeduntan – Managing Director

9. Gbenga Shobo – Deputy Managing Director

10. Remi Oni – Executive Director

11. Abdullahi Ibrahim – Executive Director

12.0 The CBN hereby reassures the depositors, creditors and other stakeholders of the bank of its commitment to ensure the stability of the financial system. There is therefore no cause for panic amongst the banking public, given that the actions being taken are meant to strengthen the bank and position it as a banking industry giant.


@mycf

Is FBNH now a LTD

PETERiCHY:
Don't you know FBNH is on LIFE SUPPORT

BARGAIN HUNTERS TAKE NOTE!

FBNH will RETEST N3 junction like it did 5ys ago.

BARGAIN HUNTERS TAKE NOTE!