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!

Upon we cut SOAP give LOCO,
Still yet his VILLAGE PEOPLE didn't allow him use it

ijeUwa

locodemy:


They left those powerful offers at 95 and 96kobo and chose to cross at 97?
We still dey sha

Point of correction every available offer from 97k down to 90k was cleared at the opening of trade

Above all you bought @N1.42k waited for 4mths and sold @N0.94k Why still bother yourself after biting the bullet

Allow BARGAIN HUNTERS to do their thing.

PETERiCHY:



LOCO with the way you are FRIGHTENING I don't see youl crossing the N2:00k RIVER with us.

Some are busy making MONEY while others are writing book of LAMENTATIONS.

Meanwhile there is a pending invicible bids of over 20m units of Transcorp waiting at #0.96k to close the book for today.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

For the doubting thomases the invicible over 20m units cross deal was done and dusted at N#0.97k this morning.

We are fueling our JET for the GREAT JOURNEY ahead.

BARGAIN HUNTER TAKE NOTE

OBAGADAFFI:


Some of the banks you mentioned are having Recapitalization and insulvency issues.

Don't you know FBNH is on LIFE SUPPORT

BARGAIN HUNTERS TAKE NOTE!

locodemy:
Peter and invisible 20m bids waiting at 96 kobo.
The stock is begging people to buy at 88kobo now.

Why defending a stock you can do Jijo based on your entry price?

Why are people selling when there is good result?

My problem is volatility......Do you have a solution to that?

I already told you to wait for their half year result but you are ALWAYS in PANIC MODE that's why you mostly miss OUT on JUICY OFFERS.

Well since you have SOLD then PATIENTLY wait for your 78kobo junction while WE MOVE.

BARGAIN HUNTERS TAKE NOTE!

locodemy:
While Transcorp is dancing Awilo at the floor, I am expecting my 1kobo dividend today.

Volatility is too much.

LOCO with the way you are FRIGHTENING I don't see youl crossing the N2:00k RIVER with us.

Some are busy making MONEY while others are writing book of LAMENTATIONS.

Meanwhile there is a pending invicible bids of over 20m units of Transcorp waiting at #0.96k to close the book for today.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

The Nigerian Electricity Regulatory Commission (NERC) says it is concluding the Extraordinary Tariff Review process for the 11 Electricity Distribution Companies (DisCos).

NERC, which is the regulator of Nigeria’s power sector, made this known on Monday in a notice to the general public and industry stakeholders posted on its website.

https://www.premiumtimesng.com/news/headlines/457630-fresh-electricity-tariff-hike-looms-in-nigeria-as-nerc-concludes-extraordinary-review.html

If you know you know.

BARGAIN HUNTERS TAKE NOTE!

Lion123:


Wale Tinubu and Mofe Boyo were once the bright, shiny thing in business until they/Oando unravelled. It is to their credit that they were able to navigate their various challenges and not get completely cancelled. When Oga UBA/Transcorp unravels, everyone will know what time it is. Stay away from Transcorp.

Since you claim Tony Elumelu is heavy indebted and his EMPIRE is about to COLLAPSE should we also stay away from UBA,AfriPrud and UCAP or is it only TRANSCORP that will go bankrupt

Agbalowomeri:

Revolving scammers Lol

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

locodemy:


The stocks should move from faint hearted to lion hearted ones. It's too volatile. Imagine stock that just reported a good Q1 result. Instead of people to hold, they are selling. Over 70m units sold already. This is improper. For me, I am trapped already and I will convert some to long term and some to daily/weekly trade.

And you think its everybody that knew TRANSCORP results is out and how good it is. Most are those transactions are ANALOG STOCK BRICKERS crossing their ignorant clients holdings.

You behave as if you are new in this game. Anyways it's back to FULL BID and will run till Friday.

Afterwards consolidation will take place at circa N1.40 junction so we can break that stubborn barrier then next barrier will be at n2.00junction..

BARGAIN HUNTERS TAKE NOTE

locodemy:


Baba just pay attention to market reactions at this intra day trading.
Unless they are purposely chasing away retail investors. Better follow the market on Transcorp.
I can't die for nothing. Just that trading mode is now activated on my side.

LOCO I already told you to wait for their Q2 result TRANSCORP won't EVER trade this low again.

I rest my CASE

BARGAIN HUNTER TAKE NOTE!

PETERiCHY:



From TRANSCORP STATEMENT,

EPS is N0.03k in Q1 2021

The BOOK VALUE is N2.85k

CASH FLOW per share is 0.0136 in Q1.2021

Last year full year dividend was N0.01k

Current ratio is 2+

From the current ratio, we see that the coy is in GOOD FINANCIAL HEALTH.

MANAGEMENT did well given the huge TURNAROUND from a loss of N957m Q1 2020 to a profit of N1.3B in Q1 2021.

They have a new product, a lifestyle app call AURA. That should help with growth.

They started the year on a STRONG FOOTING.

BARGAIN HUNTERS TAKE NOTE!

https://stocks.nairametrics.com/2021/04/26/transcorp-plc-profit-surges-exponentially-by-over-2000-to-n2-04-billion-in-q1-2021/


AIRAMETRICS| COMPANY EARNINGS
Transcorp Plc profit surges exponentially by over 2,000% to N2.04 billion in Q1 2021.
26 April 2021 Conglomerate, Results
Transnational Corporation of Nigeria Plc released its unaudited results for the first quarter of the year (Q1, 2021).

Revenue for the period was N24.4 billion. (+58.8% YoY)
Cost of sales was N14.01 billion. (+38.3% YoY)
Administrative expenses totalled N3.7 billion. (+9.4% YoY)
Operating profit of N6.9 billion. (+67.3% YoY)
Profit for the period was N2.04 billion. (+2,426.5% YoY)
Earnings per share of N0.018. (+244.4% YoY)


BARGAIN HUNTERS TAKE NOTE!

locodemy:
Let this full bids last for days oooooo.
I Don try for patience here.

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*

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*

TRANSCORP 15th AGM MEETING will start by 10am.

Join the youtube link below for live updates.

Our JOURNEY to N10 is about to COMMERCE

BARGAIN HUNTER TAKE NOTE.

*ThE OcToPuS*


https://www.youtube.com/watch?v=8JT_J1q-6kU

Mfunkynation:

Uncle Peter... how many times have I call you? just tell us you are trap...
so that we all can look for a long rope to help you drag yourself out...


BARGAIN HUNTERS BE WISE!!!!

Sameway we loaded GUINNESS bus last year between #18 to N13 junction today BARGAIN HUNTERS are smiling to banks..

For the FORTUNATE ones in TRANSCORP don't be DISTRACTED by those that missed the MOVING TRAIN

N3:00k is not farfetched because the New MANAGEMENT TEAM lead by a 40yrs old chap Mrs OWEN DIANA Omogiafo that took over on 25th March 2020 meant SERIOUS BUSINESS.

OLD things has PASSED away...........

BARGAIN HUNTERS TAKE NOTE!

https://transcorpnigeria.com/transcorp-group-announces-significant-new-executive-and-non-executive-board-appointments/