₦airaland Forum

locodemy:
TRANSCORP FAITHFULS,PLS READ AND DIGEST WELL

Chairman of Transcorp and United Bank for Africa Tony Elumelu has expressed fear over the
downward drain of the power sector in Nigeria
- Elumelu said the government is owing Transcopr over N50billion leading to the poor
performance of the company
- He said if necessary actions are not taken, the power sector will crash and Nigeria will
wallow in total darkness
Tony Elumelu, chairman of Transcorp and the United Bank for Africa, has revealed that
Nigeria’s power sector is going down the drain and will soon collapse if necessary
actions are not taken by the federal government.
Elumelu stated that the Transcorp is being owed so much money running into almost
N50billion and added that if the company includes the invoice for January, the
company will be owed close to N55billion.
Power supply is failing in Nigeria
Vanguard is reporting that the agency that is responsible for making sure that the sector
delivers optimally is not doing well enough.
READ ALSO: 3 reasons power supply has been bad nationwide
Elumelu said: “We are owed a lot of money. Transcorp Power Holdings is owed almost
N50 billion. When we put in the invoice for this month, we should be owed almost N54
billion or N55 billion.
“How do you survive in business like this, how? Other GenCos I know are actually dying.
“We are struggling because of our diversified resource base, what of others? Something
urgent and drastic must be done.
"It is as urgent as yesterday. The truth is that Transcorp Power, as a key operator in the
sector, is struggling. And if we are struggling, you can imagine what others are going
through.”
Elumelu explained that the challenge began when dollar was N168, but when the dollar
rose to N300, there was a mass depletion of value to shareholders.
READ ALSO: EU will spend N50 billion on Nigerian power sector
He said: “ Today, the dollar is N300 officially and N500 on the black market to the dollar
so imagine the depletion, the erosion of value to shareholders of Transcorp. ”
He added that this development cannot encourage investment in the sector.
He explained that the company initially negotiated with General Electric to bring
turbines worth $500million but aborted the plan due to the company’s inability to
secure the foreign exchange needed for the business.

This even the more reason to buy to TRANSCORP.

For laymen like LOCO who doesn't understand the tone of the message.

Tony Elumelu stated that as a VIABLE COMPANY they have done their bid by providing SERVICE while GOVT on the other hand is owning about N55billion which inturn lead to depletion of shareholders value e.i TRANSCORP share price fell from above N7:00k to below N1:00k as well created a very good entry position for some BARGAIN HUNTERS .

In a nutshell GOVT DEBT is their major CHALLENGE unlike MANY MORIBUND COYS in NSE that are accessing all avenue to raise FRESH CAPITAL and BAILOUT FUNDS .

*ThE OcToPuS*

Many Nigerian banks will be forced to raise fresh capital to boost their operations if there is any further weakening of the naira, analysts at Afrinvest say.

“Quite a number of mid-tier banks and some of the weaker large tier banks are in that space where a slight movement in exchange rate might force them to fall below the regulatory minimum capital adequacy ratio which will force them to raise capital.

Banks face capital raising, mergers, acquisitions, if naira weakens further – Businessday


https://www.businessdayonline.com/banks-face-capital-raising-mergers-acquisitions-naira-weakens/

Some people money go enter Bush peo

The Nigerian Electricity Regulatory Commission on Wednesday declared that without an increase in electricity tariff payable by consumers or an intervention in form of subsidy from the Federal Government to the power firms, the country would not be able to get the steady power supply.

http://www.energywatchng.com/tariff-increase-solution-improve-power-supply-nerc/

Sooner or later it will surely happen

OBAGADAFFI:
You didn't forecast investors negative perceptions of Transcorp.

How will transcorp bad books move the price North.

And how come you're predicting stockrmageddon for highly profitable stocks and forecasting positive outlook for transcorp?

Abeg tell me which other STOCKARMGEDDON can be compare with a STOCK that fell from N7:15k in 2014 down to 66kobo in 2016 before building a fresh support

Chibuking81:
Tell us the truth, is like you are trapped in transcorp, and you want the price to move up small in order to bell out.

For me, transcorp is no go area for now.

Like I said earlier "The GUNS are yours"

For your info i mopped mine today @80kobo and I'm already sitting on 2kobo profit so lets see how it goes when their F/Y comes out.

It's already past 10pm in this part of world so goodnight.

OBAGADAFFI:

Tony Elumelu, chairman of Transcorp Group and United Bank for Africa (UBA), says Nigeria’s power sector is a walking corpse, and it may collapse soon if no urgent action is taken.

https://www.thecable.ng/the-power-sector-is-a-walking-corpse-says-elumelu

Transcorp Power Holdings is owed almost N50 billion. When we put in the invoice for this month, we should be owed almost N54 or N55 billion. How do you survive in business like this? How? Other GenCos I know are actually dying.


.........The truth is Transcorp power, as a key operator in the sector, is struggling. And if we are struggling, you can imagine what others are going through


.......He said Transcorp was negotiating with GE to bring in turbines worth $500 million, but had to shelve the plan because the company could not secure the necessary foreign exchange for the deal.


Transcorp is no go area from now.

https://markets.ft.com/data/equities/tearsheet/forecasts?s=TRANSCORP:LAG

As of Jan 21, 2017, the investment analyst covering Transnational Corporation of Nigeria Plc advises that the company will outperform the market.

This has been the consensus forecast since the sentiment of investment analysts deteriorated on Nov 10, 2016.

The previous consensus forecast advised investors to purchase equity in Transnational Corporation of Nigeria Plc.

(SHARE PRICE FORECAST)

The 2 analysts offering 12 month price targets for Transnational Corporation of Nigeria Plc have a median target of 4.48, with a high estimate of 7.15 and a low estimate of 1.81. The median estimate represents a 453.06% increase from the last price of 0.81.

Mascotlawman:
Please what are your reasons? Remember you have many followers.

First and foremost they are into POWER, ENERGY, HOSPITALITY and (AGRICULTURE which is now the IN-THING)

Secondly I vividly recall they did a successful RIGHT ISSUE @N1:00k per share in May 2013.

So the guns are yours.

Well for now the only BLOOD MONEY I'm seeing here TRANSCORP @80kobo

*ThE OcToPuS*

Indeed, a commentator has said there are currently 11 different Naira/Dollar exchange rate regimes in the country. He attributed this to continued scarcity and CBN’s dominance of the market. He listed the different rates as follows:

Pilgrims rate, N197/$;

Customs rate, N285/$;

Budget rate, N305/$;

Interbank rate, N315/$;

Fuel Imports rate, N316/$;

International Card rate, N319/$;

Travelex rate, N345/$;

Special Funds Airlines rate, N355/$;

Western Union rate, N375/$;

BDC rate, N399/$

And the Black Market rate, N492/$.


http://m.guardian.ng/business-services/confusion-as-dollarnaira-exchange-is-mired-in-multi-layered-rate/

PETERiCHY:
Now back to business, for the past few weeks Trump and his fellow capitalists were busy heating up the America MARKET.

After his inauguration 2moro, the reality will set in and the spillover will have a negative effect on all the global MARKET for the next few weeks.

So bargain Hunters should sharpen their cutlasses between 2moro and 2nd week of Febuary i foresee some GOOD BARGAINS.

*ThE OcToPuS*

http://www.aljazeera.com/news/2017/01/trump-withdraws-trans-pacific-partnership-tpp-deal-170123170334145.html

US president formally pulls US out of massive 12-nation trade deal that covers 40 percent of world's economy.
Trump also called the order a "great thing for the American worker" [AFP]
US President Donald Trump has signed an executive order formally withdrawing the US from the Trans-Pacific Partnership (TPP) trade deal, following through on a promise from his presidential campaign.

Proceeds repatriated by foreign investors from their liquidated stocks portfolio reached record highs of N236 billion in 11 months to November 2016, BusinessDay checks at the Nigerian Stock Exchange (NSE) revealed.
These foreign investors who hitherto were big buyers of Nigerian stocks have been seeking for safe havens for investments, as they became wary of developments in Nigeria’s macro economy with paltry investment inflow of N 237.03billion in stocks in the nine months period.
Many analysts were bearish on foreign inflows into equities as the market rode the roller coaster of oil price. Other negative triggers to foreign investors sell decisions were analysts’ expectations of unimpressive corporate results, as foreign exchange (FX) issues blighted many listed firms.

https://www.businessdayonline.com/foreign-investors-liquidate-n200bn-worth-stocks-2/

Oil ticked lower on Monday, falling for the first time in three sessions as prospects of rising U.S. production weighed on the market.

U.S. energy companies last week added the most rigs drilling for new production in almost four years. Drillers added 29 rigs in the week to Jan. 20, bringing the total count up to 551, the most since November 2015, energy services firm Baker Hughes said on Friday.

http://uk.mobile.reuters.com/article/idUKKBN15701O?utm_campaign=trueAnthem:+Trending+Content&utm_content=58858eff04d3017243b78d1d&utm_medium=trueAnthem&utm_source=facebook

Now back to business, for the past few weeks Trump and his fellow capitalists were busy heating up the America MARKET.

After his inauguration 2moro, the reality will set in and the spillover will have a negative effect on all the global MARKET for the next few weeks.

So bargain Hunters should sharpen their cutlasses between 2moro and 2nd week of Febuary i foresee some GOOD BARGAINS.

*ThE OcToPuS*

*TAKE A BREAK AND LAUGH*

Baro went to His Pastor one Hot Monday Night .
*Baro:* Pastor, the Enemies are after Me!
*Pastor:* My Son, what is it?
*Baro:* My Business is going down.
*Pastor:* Ah! That's a small issue! Kneel down and let me Pray for you.
Aahhhhh, your business will surely rise Again!
Our church members will buy from you! My family will buy from you! I will visit to patronize u soon!
Aahhhhh, the neighbors will buy from you.
Aahhhhh, Say Amen.
*Baro:* Amennnnnnn ooooooh Pastor!
Thank you very much Pastor.
*Pastor:* You're welcome my Son.
By the way, what do you sell? So that I can announce it on Sundays and Weekdays Services.
*Baro:* Oh Sir, I make and sell Coffins.
*Pastor:* Fireeeeee!!!
Nobody will buy from you!!!
I shall not know your shop!!!!!!!!!!!!!!
My family will Never see your Shop!!!
Our members will never buy from you!!!
I Decree and Declare, that your business will run dry in Jesus Christ Mighty and Most Powerfull Name.......
Amen! Amen!!
Don't Laugh Alone.
Help Relieve someone's stress Level.
.

Happy New year once again....

feelamong:
https://www.nairaland.com/3575128/foreign-reserve-hits-26.9bn-value


Continue Holding dollars...e go do you like Film very soon....

Fair value of Naira is N600 per USD nothing more nothing less.

PETERiCHY:
I have been following the BITCOIN trend since early 2014 now that it's trending for Nigerians watch it CRASH BELOW 70% before year end. cc:B2BR

The 2 safest investments for 2017 are the FIXED INCOME MARKET and GOLD.

Even USD is not far from peak, it will only consolidate on it previous gains.

*ThE OcToPuS*

Investors in increasingly popular Bitcoin felt the pain today as the price of the crypto-currency fell by 20 percent or over 1,200 Yuan in heavy trading in China, and down more than $100 to just under $800 a coin on comparable US markets.

This follows China’s central bank saying it had launched “spot investigations” on bitcoin exchanges in Beijing and Shanghai in order to fend off market risks.


https://www.businessdayonline.com/bitcoin-crashes-800-china-probes-manipulation-exchanges/


BITCOIN has crashed from $1140 on Jan 4th to below $800per bitcoin as at yesterday Jan 11th 2017.

*TAKE NOTE*

BITCOIN was initially enlisted @ 1cent per coin in 2010.

Imagine the kind of hellish profits the Pioneers are making from it which made them now turn it into a bonus referrals business and some gullible Nigerians that wants to become overnight millionaires are jumping into the bandwagon.

#BitcoinIsTheKingOfMMM#

*ThE OcToPuS*

Godisfaithful:
@SIR PETERICHY, what's your projected value for Naira to $$$ by second quarter of this year Trying to compare it with a report a firm sent to me about their perspective on foreign exchange market

The exchange ceiling for 2nd quarter of 2017 will be circa N570 per USD.

*ThE OcToPuS*

angelo82:
FO market marker is bad.Stock is ready to move but he purposely decelerate the upward movement so that some impatient monkeys can keep selling to him at low price since he already knew result will change the status of the stock.There is need to cautious in this market and think deeply before sentimentally selling off your stock.

FO now N75 i will remind you when it gets to N8.

Same way I told Pa Emma 3yrs ago that SKYEBANK is going home to MAMA when it was still trading above N4 but he and his fellow optismists doubted now what is happening

"Guns don't kill people, it is people that kill people"

Same way

"Stocks don't kill people, it is people that kill themselves".

The problem with the so called optimists is they simply dont want to face reality rather they always build castle in the air and at the end they look for who to blame.

FG is seriously sourcing for loan,

Most companies are on verge of recapitalization.

Baba kabiru no longer get his pension,

Rebekah and coys has lost their jobs.

Bassey salary is not forthcoming.

Emeka can't access dollar for his business.

The little fund left in the system MMM has stolen it.

Now tell me where will the money to push stocks to high heavens come from

*ThE OcToPuS*

locodemy:
But bros,unless you already have FO in your portfolio,i will advice you go for Eterna instead of FO.

Let him be ranting in 2012 when FO traded N8 how much was crude price then.

For those that follow trends in 2013 when FO started ascending from SubN10 it consosilidated around N40 the moved again and consolidated around N80 from there above N100 and finally met the BRiCKWALL @ N254.

It's the same staircase its use for descending.

angelo82:
No way FO will drop to 9Naira as at today because their eps is not bad.Ignore the above and don't panic-sell your FO.

"HISTORY has a way of REPEATING itself"

FO aka AP drop from N300 in 2007 down to N8 in 2012 then climb back to N250 in 2015 and has been on the descent since then even touched N50 last year-end

So you still need a soothsayer to tell you its going home to MAMA

lancee:
One day will be otedola's turn ..FO

Forte Oil is heading back to N9 if in doubt ask those in Cadbury.

"Thunder doesn't strike at the same spot twice-African Proverb.

FOOD 4 THOUGHT

A man established a zoo and made the entrance fee 50000= but no one went there.

He reduced it to 40000= but still no one came.

He then reduced the fee to 20000= but still people didn't come.

Finally, he made it free entrance and soon, the zoo was filled with people.

Then he quietly locked the gate of the zoo, set the lions free and made the exit fee 150,000= and everyone paid.

*MORAL*: Beware of BULL-TRAP

locodemy:
i use both analog and digital brokers........codros and pinefield.Both are ok.
Certainly one must take risk to attain a greater height...........i will make money this year using both fundamental and technicals in trading.

There are juju/risk stocks i will play in and out as the year goes on...........sterling,wapic,eterna,ccnn and transcorp.i will play them when the spirit leads me.For fcmb,i am staying there for two good years before i bail out.

The good OLD BOOK says "WISDOM is the PRINCIPAL thing and with all thy getting get UNDERSTANDING"

I thought by now Wapic, ABC and coy would have taught you enough lesson.

You claim to be trading with N15m why not invest it in Federal gov't MMM aka TBs take the 20% upfront discount and be doing your juju stocks so that by 2018 when the coast is clear you will still have your capital to fall back on.

Rmba that slow and steady wins the RACE.

*ThE OcToPuS*

Vincent5231:
2500$ bitcoin for sale. At 490/$


What'sap 08145492860

I have been following the BITCOIN trend since early 2014 now that it's trending for Nigerians watch it CRASH BELOW 70% before year end. cc:B2BR

The 2 safest investments for 2017 are the FIXED INCOME MARKET and GOLD.

Even USD is not far from peak, it will only consolidate on it previous gains.

*ThE OcToPuS*

As in the days of NOAH they failed to heed WARNINGS rather they were busy dining and wining then suddenly the FLOOD and consumed them.

FOOD 4 THOUGHT

Put a frog into a vessel fill with water and start heating the water.

As the temperature of the water begins to rise, the frog adjust its body temperature accordingly.

The frog keeps adjusting its body temperature with the increasing temperature of the water. Just when the water is about to reach boiling point, the frog cannot adjust anymore.

At this point the frog decides to jump out. The frog tries to jump but it is unable to do so because it has lost all its strength in adjusting with the rising water temperature.

Very soon the frog dies.
What killed the frog?
Think about it!
I know many of us will say the boiling water.

But the truth about what killed the frog was its own inability to decide when to jump out.

We all need to adjust with people & situations, but we need to be sure when we need to adjust & when we need to move on.

There are times when we need to face the situation and take appropriate actions.

If we allow people to exploit us physically, emotionally, financially, spiritually or mentally they will continue to do so.

Let us decide when to jump!
Let's jump while we still have the strength.

*ThE OcToPuS*

Tritri:
Do you think ETI will still go lower?

It can as well go under, if in doubt ask ECOBANK Shareholders.

For the discerning investors EVEN if you want to play the MARKET come back at LAST WEEK OF MARCH.

There is serious heavy FIRE on the MOUNTAIN so DON'T say you were not WARNED.

*ThE OcToPuS*

zendi:
Can you trade your way into this clique?
Impossible is nothing.
Remember, it's all based on the valuation of the SHARES they hold, even if they founded the companies.

http://www.forbes.com/sites/katevinton/2016/12/31/nigerian-telecom-tycoon-mike-adenuga-is-africas-biggest-billionaire-gainer-in-2016/#3f2575e44e9a

In the same vein lovely and memorable (2016) was my very BEST year in life so far

All thanks to GOD almighty courtesy of General Bubu.

*ThE OcToPuS*

2016 started just like this with hopes, dreams and new year's resolution but many achieved less. Don't think of what will happen to you this year. Think of what you will make happen. Take charge, be your best, be the best, take the lead... Welcome to 2017