Lion123:
Otedola sold his shares at N12 so I take it that is the true value of Tranacorp shares if not for Tony's wickedness.

That is my thought on fair price

BabsO2:


That is my thought on fair price

UBA just landed

I never see UBA. Na only transcorp I see oh. Just now

BabsO2:


The whole story looks one kind. Why will Tony buy off ote$ at a premium ? If true, it could mean Transcorp is much more valuable than what Mr Market is pricing it and Tony being an insider knows this and doesn't want a co driver make sand sand enter join.

Tony can afford to pay any price in order to have control of Transcorp. With control, you don't need capital appreciation of stock, you may not need dividends, control brings a lot of money.

Lion123:
Otedola sold his shares at N12 so I take it that is the true value of Tranacorp shares if not for Tony's wickedness.

Tony should come and clear the whole offers at 2.81 or Otedola should buy back at present offer of 2.81 since that's a huge discount to what he sold his own shares. You suppose shine eye dey follow these cowboys. It's never what it seems!

Agbalowomeri:


He wan do shakara Lol. The cost of the 500k is Oga Emma's dividend in UBA

I have not forgiven Tony since he decided to cut UBA dividend about 2 years ago, so I sold almost all my holdings left with just few units.


With what is happening with Transcorp, who is bankrolling it? I want to believe that the day of endless extraordinary expenses by UBA is over.

I won't be surprised if it happens again in 2023.


My opinion though

Lion123:


This whole story is insane, but everyone knows Transcorp is way more valuable than its current price.

At times we need a " Corporate Raider" like Otedola in order to unlock such values

ositadima1:


I will buy more at 17 before the final bus that will take it to 22 and above.

Dangote Sugar might disappoint you if you are a trader oooo

Lion123:
Otedola sold his shares at N12 so I take it that is the true value of Tranacorp shares if not for Tony's wickedness.

Pricing you off is different from pricing Otedola off
Let's assume they wan to delist Transcorp today, do you think they will offer you N4?

Zagee:
So Tony has money to buy Ote$ shares at #12? Hmm, interesting.

Clearly, Ote$ doesn't know what to do with the money raised from GEREGu. Too much money

Las las na UBA shareholders go subsidize the transaction.

At that. It's still an indication of value. I guess a possibility (& risk for common shareholders) is excessive greed from Tony, that may make common shareholders not benefit on the long run. And another likelihood is Tony will manage the business well as his legacy (self actualization instincts) and benefit common shareholders on the long run.

emmanuelewumi:



Tony can afford to pay any price in order to have control of Transcorp. With control, you don't capital appreciation of stock, you may not need dividends, control brings a lot of money.

Mpeace:
I never see UBA. Na only transcorp I see oh. Just now

WAPCO just landed.

BabsO2:


That's an assessment of a fair price for Transcorp if Tony paid that much. That means it may not be a bad thing to hold on and not sell if one currently has the shares.

A shareholder who is in control of Transcorp buying the shares for N12, is different from you a retail investor buy the same stock for N3.


The controlling shareholder who bought at N12 can get back the fund he invested with 4 years, while the retail investor who bought at N3 is yet to recoup his investment

https://doclib.ngxgroup.com/Financial_NewsDocs/38387_GUARANTY_TRUST_HOLDING_COMPANY_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2023.pdf

35% increase in 2023 Q1 EPS (compared to 2022 Q1 EPS)

BabsO2:


That is my thought on fair price

Based on which analysis, what are the tools used before you arrived at the fair price, what is your margin of safety

emmanuelewumi:



Dangote Sugar might disappoint you if you are a trader oooo

Thats my fears...
DSR no dey move sharp sharp...
Na gentleman stock..
He suppose don pass N20 now

Wapco landed safely and promptly, still waiting on UBA!

Oga Peter was the first person I called out here for his doom and gloom. Glad he finally changed his ways, next will be oga Gandalf!

BabsO2:
At that. It's still an indication of value. I guess a possibility (& risk for common shareholders) is excessive greed from Tony, that may make common shareholders not benefit on the long run. And another likelihood is Tony will manage the business well as his legacy (self actualization instincts) and benefit common shareholders on the long run.

Tony indication of value is different from your own indication of value.


Do you have companies that get contract from Transcorp?


If he loses control of the company,he can't get such contracts and other pecks again. Most times these are more valuable than the capital appreciation or dividends

Willie2015:


Thats my fears...
DSR no dey move sharp sharp...
Na gentleman stock..
He suppose don pass N20 now

But it is a stock that can create solid wealth for the informed investor.


Will try to share my analysis and thoughts on the stock next week

https://doclib.ngxgroup.com/Financial_NewsDocs/38388_VITAFOAM_NIG_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2023.pdf

31% decrease in 2023 Q2 EPS (compared to 2022 Q2 EPS)

A normal man's self actualization needs on the higher level goes beyond bread and butter. Bread and butter is at the lower hierarchy. Hope Tony has outgrown that lower hierarchy.

emmanuelewumi:




Tony indication of value is different from your own indication of value.


Do you have companies that get contract from Transcorp?

BabsO2:
A normal man's self actualization needs on the higher level goes beyond bread and butter. Bread and butter is at the lower hierarchy. Hope Tony has outgrown that lower hierarchy.

Dangote sef still dey find more money, men of God still dey find more money. Those are what make us normal

beejay1:
https://doclib.ngxgroup.com/Financial_NewsDocs/38388_VITAFOAM_NIG_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2023.pdf

31% decrease in 2023 Q2 EPS (compared to 2022 Q2 EPS)

Does that mean the party is gradually coming to an end

True men of God don't run after mammon

emmanuelewumi:



Dangote sef still dey find more money, men of God still dey find more money. Those are what make us normal

BabsO2:
True men of God don't run after mammon

Running after mammon, builds the wonderful architectural edifice, maintains the private jet, pays the bills and opens the doors of more connections and opportunities

emmanuelewumi:



But it is a stock that can create solid wealth for the informed investor.


Will try to share my analysis and thoughts on the stock next week

I agree with you...
One need patience with DSR..

emmanuelewumi:

If he loses control of the company,he can't get such contracts and other pecks again. Most times these are more valuable than the capital appreciation or dividends

Well said

Yes.
And probably United Capital and African Prudential. Don't forget they're not as regulated as UBA.

Two years ago, I was surprised to see AFRIPRUD had a N2billion deposit for shares in Heirs Insurance biz, which shares have now been issued.

emmanuelewumi:



Las las na UBA shareholders go subsidize the transaction.

It's for the gurus in the house to help us analyze the result from vitaform. As for me, I will wait a bit before I enter this bus.

emmanuelewumi:



Does that mean the party is gradually coming to an end

beejay1:
https://doclib.ngxgroup.com/Financial_NewsDocs/38387_GUARANTY_TRUST_HOLDING_COMPANY_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2023.pdf

35% increase in 2023 Q1 EPS (compared to 2022 Q1 EPS)

how much did they declare as dividend

YoungBuffet:


Oga forget that part 2 FO has cashed out is not coming back to transcurp again.

Wait Otedola sold his trabscorp stock already?

Frangel:
Yes.
And probably United Capital and African Prudential. Don't forget they're not as regulated as UBA.

Two years ago, I was surprised to see AFRIPRUD had a N2billion deposit for shares in Heirs Insurance biz, which shares have now been issued.

Mutual fund investor funds running to about N200 billion are highly regulated by SEC,