₦airaland Forum

ORAGBON:
same dividend paid last year

Yeah.

Intendy:
DIVIDEND PAYMENT TRANSNATIONAL CORPORATION OF NIGERIA PLC Closure of Register ?Year Ended 31 December 2015

Proposed Dividend Nil

Proposed Bonus 1 for 20

Closure Date 14th to 18th April 2016

AGM Date 29th April 2016

Payment Date N/A

AGM Venue Transcorp Hotels, Calabar

Will only enter TRANSCORP beloow 1N

OBAGADAFFI:
Will only enter TRANSCORP beloow 1N

Even N0.50k I won't re-enter

NuttyChoky:
Even N0.50k I won't re-enter

This is more like it.



http://www.stockmarketnigeria.com/forums/conglomerate-stocks/419-transcorp-186.html#post275251



I shared my thoughts about transcorp at around 6.45am on 31st March 2016 on Nairaland, but fortunately or unfortunately the moderators deleted it. I think investors need to have the right information about the companies they invest in, anything short of this is gambling.

I pray this company survives another 5 years

emmanuelewumi:
This is more like it.



http://www.stockmarketnigeria.com/forums/conglomerate-stocks/419-transcorp-186.html#post275251



I shared my thoughts about transcorp on Nairaland, but fortunately or unfortunately the moderators deleted it. I think investors need to have the right information about the companies they invest in, anything short of this is gambling.

I pray this company survives another 5 years

The only people making money from Transcorp and her subsidiaries is Tony and his guys. Shareholders are on a very long thing, I am sure the company will sooon come to the market to raise more funds.

emmanuelewumi:
The only people making money from Transcorp and her subsidiaries is Tony and his guys. Shareholders are on a very long thing, I am sure the company will sooon come to the market to raise more funds.

Investors and traders cannot make money from JIJO alone, they need to have indepth information about the companies they are investing and how investors' funds are utilised.

emmanuelewumi:
Investors and traders cannot make money from JIJO alone, they need to have indepth information about the companies they are investing and how investors' finds are utilised.

NB, i do not have shares in Transcorp and do not hope to have until the time and price is right. I think 50k is just okay.

emmanuelewumi:
NB, i do not have shares in Transcorp and do not hope to have until the time and price is right. I think 50k is just okay.

While shareholders are going home empty handed except for the 1 for 20 bonus that was given, which will later lead to share reconstruction in the nearest future, Transcorp spent over N9 billion on administrative expenses. The break down can be foung in the annual report.

Chai this man don land here again! We go read 20 pages of Mongo Park

manie:
Yet Tony and co earned hundreds of millions if not billions as management and technical service fee, management earned incentive fees of over N900 million, Directors earned N544 million, CEO earned N94 million, Bank charges of N180 million which is different from loan payment, write-off of fixed income investment domiciled with BGL N377 million, repairs and maintenance N727 million, electricty and diesel cost N907 million,travels and hotel accomodation N407 million, staff cost N1.88 billion, other operating expenses like security, PR, subscription N710 million. TOTAL ADMINISTRATIVE AND GENERAL EXPENSES WAS N9.6 billion.


Yet they did not deem it fit to pay a dividend of as little as 1k per share to shareholders which would have cost them a total of about N387 million. This amount is less than the N544 million spent on 8 directors of the company and just
...........................................................................................................................................................................................



I can see Transcorp is trying to cut cost in the area of remuneration, but they need to do more. The CEO earned N192 million in 2014, but was reduced to N94 million in 2015, the chairman in person of Tony earned about N134 million in 2014 which was reduced to N43 million in 2015.




Management should please remember the shareholders, now that the company will soon approach them for the injection of more funds into the company.

NB, i do not own Transcorp shares.

These are my thoughts on Transcorp, the figures quoted can be found in the 2015 annual report.

The post was deleted by the moderators in the morning, but thank God for the super moderator in person of Seun Osewa.

manie:
These are my thoughts on Transcorp, the figures quoted can be found in the 2015 annual report.

The post was deleted by the moderators in the morning, but thank God for the super moderator in person of Seun osewa.

NSE and SEC needs to work hard in prevent exploitation of investors by top management of quoted company.

manie:
NSE and SEC needs to work hard in prevent exploitation of investors by top management of quoted company.

Moderators also need to accomodate divergent views on this section, I see no reason why my comments were deleted and why I was banned from making further comments since morning.

We just de do kalo kalo for NSE.
Most of the results we see are not true. The board and d mgt decides how much they want to declare. Some can make hug money and declare less, some can make small and declare big, then reduce the payout. Don't forget the financial engineering by coys.

manie:
Moderators also need to accomodate divergent views on this section, I see no reason why my comments were deleted and why I was banned from making further comments since morning.

Reason is autospambot. If you post about 3 post concurrentlyin a short time you will be banned.
I was banned sometime last week and decided to serve my ban cos I was getting so addicted to the forum.

mercylicious:
We just de do kalo kalo for NSE.
Most of the results we see are not true. The board and d mgt decides how much they want to declare. Some can make hug money and declare less, some can make small and declare big, then reduce the payout. Don't forgetting the financial engineering by coys.

That is why what I use in authenticating any result is the dividend declared and paid, mind you some companies used to take bank loans in order to pay dividend.

mercylicious:
Reason is autospambot. If you post about 3 post concurrentlyin a short time you will be banned.
I was banned sometime last week and decided to serve my ban cos I was getting so addicted to the forum.

I made a post, no more no less.

manie:
Yet Tony and co earned hundreds of millions if not billions as management and technical service fee, management earned incentive fees of over N900 million, Directors earned N544 million, CEO earned N94 million, Bank charges of N180 million which is different from loan payment, write-off of fixed income investment domiciled with BGL N377 million, repairs and maintenance N727 million, electricty and diesel cost N907 million,travels and hotel accomodation N407 million, staff cost N1.88 billion, other operating expenses like security, PR, subscription N710 million. TOTAL ADMINISTRATIVE AND GENERAL EXPENSES WAS N9.6 billion.


Yet they did not deem it fit to pay a dividend of as little as 1k per share to shareholders which would have cost them a total of about N387 million. This amount is less than the N544 million spent on 8 directors of the company and just
...........................................................................................................................................................................................



I can see Transcorp is trying to cut cost in the area of remuneration, but they need to do more. The CEO earned N192 million in 2014, but was reduced to N94 million in 2015, the chairman in person of Tony earned about N134 million in 2014 which was reduced to N43 million in 2015.




Management should please remember the shareholders, now that the company will soon approach them for the injection of more funds into the company.

NB, i do not own Transcorp shares.

@ Mercy, this is the comment that was deleted and also earned me a ban.

So diamond bank.. NSE should fine diamond bank for not releasing their results today...

I hv a strong feeling that FCMB will be more than #1.20 per share before the end of April 2016.

manie:
@ Mercy, this is the comment that was deleted and also earned me a ban.

What @Mercy said is true. It is not the content that causes the deletion and the ban. It can also be just one post that you edit more than 3 times in a short period. I believe it is automatically done by the system and not by human moderator. Mine happened over this Easter holiday, and I got unbanned just this morning. So do not get annoyed and blame anybody.

mercylicious:
We just de do kalo kalo for NSE.
Most of the results we see are not true. The board and d mgt decides how much they want to declare. Some can make hug money and declare less, some can make small and declare big, then reduce the payout. Don't forget the financial engineering by coys.

This is why I get angry when i see people becoming loyal to this coys.
The same coys that doesn't care if the shareholders exist.

Remember how some people are claiming loyalty to OANDO until OANDO do them something.

The only people I follow when investing in the NSE are the institutional and foreign investors.

NuttyChoky:
Even N0.50k I won't re-enter

Uncle Tony is the reason why Transcorp is still on the NSE.

Just thank God I have recouped most of my losses in Transcorp.

Let it fall to 0.50 I go enter and exit when small changeee climb ontop.

my oga wey dey ask for tantalizer price today,tatanlizer has heard your voice. have your snacks


http://nse.com.ng/Financial_NewsDocs/13005_TANTALIZERS_PLC_AUDITED_DEC_2015_FINANCIAL_STATEMENTS_MARCH_2016.pdf

Thanks, I like food well..... Na wetin make me dey ask of tantalizer

peperempe:
I hv a strong feeling that FCMB will be more than #1.20 per share before the end of April 2016.

I bought in A LOT at N0.77K cum div ... so my holding period is FOREVER!!!

OBAGADAFFI:
This is why I get angry when i see people becoming loyal to this coys.
The same coys that doesn't care if the shareholders exist.

Remember how some people are claiming loyalty to OANDO until OANDO do them something.

The only people I follow when investing in the NSE are the institutional and foreign investors.

abeg how de track dem