customstreet:
When u see a company dishing out information to general public frequently, it is a signal to defraud and confuse unsuspecting investors. Oando, Transcorp, and Japauloil are classical example

You know this only too well. May you live long!

Lion123:


Lol. Someone is desperate to jumpout of Transcorp. Love to see it.

Anyway, let me tell you all something as someone who is actually in the know. I know we are mostly anonymous here and we can all claim anything, but some of us actually have access to quality information because of actual proximity to some of these ogas.

Oga UBA/Transcorp/AfriPrud/UCAP is in severe financial distress. He has bitten a lot more than he can chew...with his philanthropy (which is really just a clout-chasing exercise since he loves attention); the multibillion mansion he just built in Ikoyi, and a lot of his business deals which haven't really panned out as he had hoped. Lol. We are talking about a man who announced he would give billions in covid relief, and then went and begged Emefiele to allow him/UBA give only N200 million or so. You people don't know Oga UBA/Transcorp. The ULTIMATE clout chaser! Don't be surprised his companies' results are audio. He is sitting on way too much debt, and guess who is footing the bill for his large debts? His companies. It's why UBA with its brilliant 2020 result declared a pitiful dividend. Because there is no money. All the bank's money is going to service Oga's various Gbese loans. He is desperate for cash. But he is smart. In order to keep up appearances, he made sure a couple of his companies...UCAP and AfriPrud declared good dividends to maintain the facade. But he is struggling and all his companies will foot the bill. For all its audio earnings, Transcorp won't pay any attractive dividend anytime soon. Take that to the bank.

Also, investors in UCAP and AfriPrud should brace themselves because it's only a matter of time before Oga comes for their dividends to fulfil his obligations. Prepare for lower dividends even in the face of 'great' results. Did anyone see UBA's ridiculous dividend for 2020 coming? Think about it: With UBA's great results, why a reduced dividend when the bank hasn't embarked on any acquisitions or any other endeavors that required so much cash?

Oga is a Nigerian Bernie Madoff waiting to unravel. His fellow chairmen all laugh at him.

Bottom line. Transcorp is sh*t. Don't be fooled. Stay away. I say this as someone who was monkey-hunted since the early days of this forum and the good old days of StockMarketNigeria. I have learned a lot..earned my stripes. Don't be fooled by Transcorp and the guys peddling it. For short-termers who understand the psychology of the markets, you might get lucky if you're nimble. For others, you'll likely get burnt. Stay away!

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.

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

Could a big gbege be brewing in the banking industry.....
1st UBAs audio full year report and dividend
Now GTs reduced 1st quarter earnings

Though no body's saying anything but the smell of the body language is clear

customstreet:
When u see a company dishing out information to general public frequently, it is a signal to defraud and confuse unsuspecting investors. Oando, Transcorp, and Japauloil are classical example

You are a wise Investor. I avoid companies that are always in the news, they are doing so to manage their share prices.


Avoid companies whose CEOs are concerned about their share price, rather than profitablity, earning rowth, cost management and sustainability of the business.

Avoid companies whose Chairmen or CEOs are clout chasing, behave like showbiz operators or are celebrities

Lion123:


Lol. Someone is desperate to jumpout of Transcorp. Love to see it.

Anyway, let me tell you all something as someone who is actually in the know. I know we are mostly anonymous here and we can all claim anything, but some of us actually have access to quality information because of actual proximity to some of these ogas.

Oga UBA/Transcorp/AfriPrud/UCAP is in severe financial distress. He has bitten a lot more than he can chew...with his philanthropy (which is really just a clout-chasing exercise since he loves attention); the multibillion mansion he just built in Ikoyi, and a lot of his business deals which haven't really panned out as he had hoped. We are talking about a man who announced he would give billions in covid relief, and then went and begged Emefiele to allow him/UBA give only N200 million or so. You people don't know Oga UBA/Transcorp. The ULTIMATE clout chaser! Don't be surprised his companies' results are audio. He is sitting on way too much debt, and guess who is footing the bill for his large debts? His companies. It's why UBA with its brilliant 2020 result declared a pitiful dividend. Because there is no money. All the bank's money is going to service Oga's various Gbese loans. He is desperate for cash. But he is smart. In order to keep up appearances, he made sure a couple of his companies...UCAP and AfriPrud declared good dividends to maintain the facade. But he is struggling and all his companies will foot the bill. For all its audio earnings, Transcorp won't pay any attractive dividend anytime soon. Take that to the bank.

Also, investors in UCAP and AfriPrud should brace themselves because it's only a matter of time before Oga comes for their dividends to fulfil his obligations. Prepare for lower dividends even in the face of 'great' results. Did anyone see UBA's ridiculous dividend for 2020 coming? Think about it: With UBA's great results, why a reduced dividend when the bank hasn't embarked on any acquisitions or any other endeavors that required so much cash?

Oga is a Nigerian Bernie Madoff waiting to unravel. His fellow chairmen all laugh at him.

Bottom line. Transcorp is sh*t. Don't be fooled. Stay away. I say this as someone who was monkey-hunted since the early days of this forum and the good old days of StockMarketNigeria. I have learned a lot..earned my stripes. Don't be fooled by Transcorp and the guys peddling it. For short-termers who understand the psychology of the markets, you might get lucky if you're nimble. For others, you'll likely get burnt. Stay away!

You are correct, United Capital and APR invested N5 billion each in Heirs Insurance.

I foresee a situation whereby he will merge the company with United Capital at a share exchange ratio that won't favour United Capital shareholders. It happened before when he merged little known Heirs Properties with Afriland Properties, due to the share exchange ratio Heirs Properties became the biggest investor in Afriland Properties. What did Heirs Properties bring to the table to apart from the Falomo Shopping complex that is not generating any income and there is a prolong litigation with Lagos State government concerning the property.

Same way CCNN was merged with BUA cement at the end of the merger, CCNN original shareholders now own less than 6% of the enlarged BUA cement.

Femi Otedola equally did it with Zenon Oil and Africa Petroleum before it became Forte Oil

People need to learn and understand how these share exchange ratios are packaged in order to understand if they will lose on the long run or they are cheated even when the share prices are fraudulently pumped to give a semblance of capital appreciation after the merger.


United Capital is an Investment Banking firm that is well regulated by SEC, it will be a bit difficult to try nonsense. So the company is still a good place to invest, but when you hear of any merger or expensive acquisition of other businesses owned by insiders. I think one needs to sell

Ades1:





Nothing happens to your investment until you sell. That's when you'll find out that Bamboo is not as straight forward as they advertise. Hopefully they'll be willing to at least exchange your $ for N500.....

In my opinion, the only people benefitting from this foreign investment business is Bamboo. I would invest 1/4 of my portfolio in Bamboo if they were listed on NSE/NGX.

Thanks for your response, I really appreciate.

Executive greed is everywhere.

Average ratio of CEOs remuneration and minimum wage was 30: 1 about 40 years ago, it is now 320 to 1.

When the companies sacked workers during the pandemic and made losses, executive compensations were increased

Ades1:





Nothing happens to your investment until you sell. That's when you'll find out that Bamboo is not as straight forward as they advertise. Hopefully they'll be willing to at least exchange your $ for N500.....

In my opinion, the only people benefitting from this foreign investment business is Bamboo. I would invest 1/4 of my portfolio in Bamboo if they were listed on NSE/NGX.

Bamboo has never and will never be straightforward. I would prefer Chaka, Passfolio and Trove

Lion123:


Lol. Someone is desperate to jumpout of Transcorp. Love to see it.

Anyway, let me tell you all something as someone who is actually in the know. I know we are mostly anonymous here and we can all claim anything, but some of us actually have access to quality information because of actual proximity to some of these ogas.

Oga UBA/Transcorp/AfriPrud/UCAP is in severe financial distress. He has bitten a lot more than he can chew...with his philanthropy (which is really just a clout-chasing exercise since he loves attention); the multibillion mansion he just built in Ikoyi, and a lot of his business deals which haven't really panned out as he had hoped. We are talking about a man who announced he would give billions in covid relief, and then went and begged Emefiele to allow him/UBA give only N200 million or so. You people don't know Oga UBA/Transcorp. The ULTIMATE clout chaser! Don't be surprised his companies' results are audio. He is sitting on way too much debt, and guess who is footing the bill for his large debts? His companies. It's why UBA with its brilliant 2020 result declared a pitiful dividend. Because there is no money. All the bank's money is going to service Oga's various Gbese loans. He is desperate for cash. But he is smart. In order to keep up appearances, he made sure a couple of his companies...UCAP and AfriPrud declared good dividends to maintain the facade. But he is struggling and all his companies will foot the bill. For all its audio earnings, Transcorp won't pay any attractive dividend anytime soon. Take that to the bank.

Also, investors in UCAP and AfriPrud should brace themselves because it's only a matter of time before Oga comes for their dividends to fulfil his obligations. Prepare for lower dividends even in the face of 'great' results. Did anyone see UBA's ridiculous dividend for 2020 coming? Think about it: With UBA's great results, why a reduced dividend when the bank hasn't embarked on any acquisitions or any other endeavors that required so much cash?

Oga is a Nigerian Bernie Madoff waiting to unravel. His fellow chairmen all laugh at him.

Bottom line. Transcorp is sh*t. Don't be fooled. Stay away. I say this as someone who was monkey-hunted since the early days of this forum and the good old days of StockMarketNigeria. I have learned a lot..earned my stripes. Don't be fooled by Transcorp and the guys peddling it. For short-termers who understand the psychology of the markets, you might get lucky if you're nimble. For others, you'll likely get burnt. Stay away!

You have said it all, The same thing I have always be suspecting ever since.
Elumelu is a corporate fraud but a smart one. Jim Ovia is the real and trust worthy Banking boss I trust in Nigeria.

emmanuelewumi:




You are a wise Investor. I avoid companies that are always in the news, they are doing so to manage their share prices.


Avoid companies whose CEOs are concerned about their share price, rather than profitablity, earning rowth, cost management and sustainability of the business.

Avoid companies whose Chairmen or CEOs are clout chasing, behave like showbiz operators or are celebrities

Exactly, especially you last two paragraph. This is why I love Jim Ovia the founder of Zenith.

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:


Lol. Someone is desperate to jumpout of Transcorp. Love to see it.

Anyway, let me tell you all something as someone who is actually in the know. I know we are mostly anonymous here and we can all claim anything, but some of us actually have access to quality information because of actual proximity to some of these ogas.

Oga UBA/Transcorp/AfriPrud/UCAP is in severe financial distress. He has bitten a lot more than he can chew...with his philanthropy (which is really just a clout-chasing exercise since he loves attention); the multibillion mansion he just built in Ikoyi, and a lot of his business deals which haven't really panned out as he had hoped. We are talking about a man who announced he would give billions in covid relief, and then went and begged Emefiele to allow him/UBA give only N200 million or so. You people don't know Oga UBA/Transcorp. The ULTIMATE clout chaser! Don't be surprised his companies' results are audio. He is sitting on way too much debt, and guess who is footing the bill for his large debts? His companies. It's why UBA with its brilliant 2020 result declared a pitiful dividend. Because there is no money. All the bank's money is going to service Oga's various Gbese loans. He is desperate for cash. But he is smart. In order to keep up appearances, he made sure a couple of his companies...UCAP and AfriPrud declared good dividends to maintain the facade. But he is struggling and all his companies will foot the bill. For all its audio earnings, Transcorp won't pay any attractive dividend anytime soon. Take that to the bank.

Also, investors in UCAP and AfriPrud should brace themselves because it's only a matter of time before Oga comes for their dividends to fulfil his obligations. Prepare for lower dividends even in the face of 'great' results. Did anyone see UBA's ridiculous dividend for 2020 coming? Think about it: With UBA's great results, why a reduced dividend when the bank hasn't embarked on any acquisitions or any other endeavors that required so much cash?

Oga is a Nigerian Bernie Madoff waiting to unravel. His fellow chairmen all laugh at him.

Bottom line. Transcorp is sh*t. Don't be fooled. Stay away. I say this as someone who was monkey-hunted since the early days of this forum and the good old days of StockMarketNigeria. I have learned a lot..earned my stripes. Don't be fooled by Transcorp and the guys peddling it. For short-termers who understand the psychology of the markets, you might get lucky if you're nimble. For others, you'll likely get burnt. Stay away!

Corporate Nigerian is filled with scammers, from NSE, SEC, and Listed companies.

These Transcorp scams happen right from the top. The Nigerian President, Ndi Okereke(NSE DG), SEC, and Corporate rogues.

More reason I don't have sympathy for any company list on the NSE.

UCAP:
Coming up with good Q1 result?
Much activities ........@5.80 as at now....

CAVERTON, DANGCEM:
For dividend lovers, 27th April is the last qualification date........
CAVERTON: 10kobo
DANGCEM: N16

WAPCO: April 30, 2021
**corrected**

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

Volatility is too much.

yMcy56:
UCAP:
Coming up with good Q1 result?
Much activities ........@5.80 as at now....

WAPCO, CAVERTON:
For dividend lovers, today 27th April is the last qualification date........
WAPCO: N1
CAVERTON: 10kobo

I want SUGAR without DIABETES

Hope it will come down more to N15....

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

Volatility is too much.

You de try.....1k dividend

ukay2:


You de try.....1k dividend

Wetin you go do when trap catch you.
I didn't even expect it self.

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*

so Axa Mansard PENSION is now TANGERINE

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 todayday.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

Why do you just like bad stocks, same way you preach oando in those days , you doing same with transcorp. Abeg you no de see better stock for once ?

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*

I have even sold 3m units already at 93kobo this morning. Those ones I bought at 77/78/79/80kobo after the first purchase that cost me 1.42.

I will only keep those first tranch for long term while I have activated Jijo for the subsequents

maishai:
Could a big gbege be brewing in the banking industry.....
1st UBAs audio full year report and dividend
Now GTs reduced 1st quarter earnings

Though no body's saying anything but the smell of the body language is clear

What's the gbege there?
GTB still made huge profit in Q1, so also UBA.
Ex-div price mvmt saw GT to circa 28 and is back @circa 31.20/30.
It's not about just looking at the drop in profits alone but checking other variables.........just saying........not a guru.

UACN:
Arrived KM 11 safely and holding on there so far.........
Is new support forming @11?
We're still observing.....

ACCESS:
More cross deals continues @7.50.....

NgHotGirls:
Bamboo has never and will never be straightforward. I would prefer Chaka, Passfolio and Trove

I am glad others are aware of this too. How do they work (Chaka & Passfolio)? Do they set their FX rates too or they use the official rate from CBN?

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 entered at N1.30 this January. I hope I will be able to Jump out with a profit. jijo Though I am still trapped right from the IPO days.

locodemy:


I have even sold 3m units already at 93kobo this morning. Those ones I bought at 77/78/79/80kobo after the first purchase that cost me 1.42.

I will only keep those first tranch for long term while I have activated Jijo for the subsequents

FIDELITY Q1 2021
https://doclib.ngxgroup.com/Financial_NewsDocs/33127_FIDELITY_BANK_PLC%20_QUARTER_1_%20_FINANCIAL_STATEMENT_FOR.pdf

UNION HOME REIT Q1 2021
https://doclib.ngxgroup.com/Financial_NewsDocs/33126_UNION_HOMES_REAL_ESTATE_INVESTMENT_TRUST_(REIT)%20_QUART.pdf

yMcy56:
FIDELITY Q1 2021
https://doclib.ngxgroup.com/Financial_NewsDocs/33127_FIDELITY_BANK_PLC%20_QUARTER_1_%20_FINANCIAL_STATEMENT_FOR.pdf

UNION HOME REIT Q1 2021
https://doclib.ngxgroup.com/Financial_NewsDocs/33126_UNION_HOMES_REAL_ESTATE_INVESTMENT_TRUST_(REIT)%20_QUART.pdf

Good result from Fidelity Bank

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've lost confidence in TRANSCORP... I have left those I bought then for them to do whatever they choose... I am now a visitor to NSE until this market start reasoning SENSE... Na cryptocurrencies be my newest babe

Ades1:



I am glad others are aware of this too. How do they work (Chaka & Passfolio)? Do they set their FX rates too or they use the official rate from CBN?

They set their fx rates.

megawealth01:
I've lost confidence in TRANSCORP... I have left those I bought then for them to do whatever they choose... I am now a visitor to NSE until this market start reasoning SENSE... Na cryptocurrencies be my newest babe

Lol