By Modupe Gbadeyanka

Nigeria’s leading indigenous energy group, Oando Plc, has moved its head office from its present location to another area.

The embattled oil firm, in a statement to the Nigerian Stock Exchange (NSE) today, disclosed that it was moving to another office complex within Lagos metropolis.

According to the statement jointly signed its Head of Corporate Communications, Alero Balogun and the Chief Compliance Officer/Company Secretary, Ayotola Jagun, the new office is at 9th–12th Floor,

The Wings Office Complex, 17a Ozumba Mbadiwe, Victoria Island, Lagos.

This movement, according to Oando, is effective from Monday, December 4, 2017.

Oando’s head office is presently at 2, Ajose Adeogun Street, Victoria Island, Lagos.

However, the statement said, “The company’s telephone numbers and email address remains unchanged.”

https://www.businesspost.ng/2017/11/30/oando-relocates-head-office-new-location/

nio68:


Not quite sure what you mean ..Uncle Tony(HH) is divesting , if you are following the money then you should running away not buying into it. If there is no trouble ahead not sure why he would be divesting ... in other climes news like this would cause drastic fall in share price lets see market's reaction on Monday... I feel Transcorp is for loose change if at all one want to invest in it.. just my opinion

It depends on who is right or wrong between the seller and the buyer; i.e. the divestor and the new investor who committed such amount of money for the ailing company

Una don find out who the buyer of 11.2 B units is?
Nairametrics said the person or group is under the control of Uncle T.
Uncle T contols about 47% of Transcorp total shares.
If 27.5% is removed from 47%,the balance now is 18.5%.
Cant you see that uncle T is no longer a majority holder.

pls make una save Loco from this calamity befalling him...........

If anyone is interested for a crossdeal 5m units at 1.35,pls inform me but before I will do that,
JUST NEED TO KNOW WHO THE BUYER IS........BIKONU........EJOOOOO........PLS O.

DeRuggedProf:



I will pick few units again on Monday if price remain within my band (1.30 - 1.35)
Can't pay more.....

DISCL: it is good we state our stands in times like this.
TA is my only tool here, bull self never come here. Who knows the mind of my bull?

Brother you get mind, with everything when happen for Transcorp of recent, as for me and my household we take off ohhh vuuuuuuuuum

daddymgg:


Brother you get mind, with everything when happen for Transcorp of recent, as for me and my household we take off ohhh vuuuuuuuuum

Bro.e fit turn for good but better as you never buy.
Just sit down dey look us wey don enter one chance already.

DeRuggedProf:
Maybe Tony found a bigger fool......

Just like DANGOTE found some bigger fools for DANGCEM earlier this month and sold to them lower than the floor price....

has dangcem price depreciated since then

pluto09:


Giving an opinion about a stock is not the same as attacking it.
CP places a premium on current earnings which is reflected in his choice of stocks.

Transcorp p/e is about 16, which is higher than that of gtb, zenith, DS and other established companies.
Of course stocks is not only about earnings but I have learnt that the bottom line is very very important.
As for those buying based on the hope that transcorp might acquired a new power asset,that is a risky one. The process that will lead to the sale of those assets have not even commenced and only God knows long it will take. And besides, acquiring an Asset is one thing and turning it into profit is another thing.

And finally, I don't know what the share price of transcorp will be in the future as we are all working under probability. I wish those in the bus good luck

you see all numbers but do not care about their capitalization, are they broke?

currentprice:


boss on the bolded are you not worry about the 40b O/S . are your not worrrry transcorp can do reconstruction of the share in the nearest future apart for all the eps , pe etc. transcorp have negative free cash of about 15B as at Q3. meaning the company needed cash seriously and right issue might be one of the option in future

what's their capitalisation? N55bln is not a ... Besides with .25k eps, they can pay dividend this year

locodemy:
Una don find out who the buyer of 11.2 B units is?
Nairametrics said the person or group is under the control of Uncle T.
Uncle T contols about 47% of Transcorp total shares.
If 27.5% is removed from 47%,the balance now is 18.5%.
Cant you see that uncle T is no longer a majority holder.

pls make una save Loco from this calamity befalling him...........

If anyone is interested for a crossdeal 5m units at 1.35,pls inform me but before I will do that,
JUST NEED TO KNOW WHO THE BUYER IS........BIKONU........EJOOOOO........PLS O.

You have not said whether you believed Nairametrics or not! If you do, then there is really no need to be worried. It only means TOE is just re-jiggling within his pot to achieve a strategic end. His ownership remains unchanged. Just swapping one indirect holding for another. Na so I see am o.

locodemy:
Una don find out who the buyer of 11.2 B units is?
Nairametrics said the person or group is under the control of Uncle T.
Uncle T contols about 47% of Transcorp total shares.
If 27.5% is removed from 47%,the balance now is 18.5%.
Cant you see that uncle T is no longer a majority holder.

pls make una save Loco from this calamity befalling him...........

If anyone is interested for a crossdeal 5m units at 1.35,pls inform me but before I will do that,
JUST NEED TO KNOW WHO THE BUYER IS........BIKONU........EJOOOOO........PLS O.

Have you not read from nairametrics? Nothing changed, Tony is still the owner of the cross deal

veecovee:
Have you not read from nairametrics? Nothing changed, Tony is still the owner of the cross deal

Yes.I understand better now.No more panic.

locodemy:
Una don find out who the buyer of 11.2 B units is?
Nairametrics said the person or group is under the control of Uncle T.
Uncle T contols about 47% of Transcorp total shares.
If 27.5% is removed from 47%,the balance now is 18.5%.
Cant you see that uncle T is no longer a majority holder.

pls make una save Loco from this calamity befalling him...........

If anyone is interested for a crossdeal 5m units at 1.35,pls inform me but before I will do that,
JUST NEED TO KNOW WHO THE BUYER IS........BIKONU........EJOOOOO........PLS O.

Sale explained

Nairametrics now understands that the block deal was an internal transfer of shares between core shareholders of Transcorp which combined, hold over 47% of the equity of the company.

Mr Tony Elumelu directly or indirectly owns about 47% of this shares, 17.9 million units in total.

The deal we understand was between Heirs Holding, the investing vehicle used by Mr Elumelu, and an undisclosed entity within the group.

According to the source, the shares was moved from the portfolio of Heirs Holding to another entity within the control of Mr Elumelu, in a move regarded as “strategic re-balancing of their portfolio”. It is unclear why this was necessary.

emmasoft:


Sale explained

Nairametrics now understands that the block deal was an internal transfer of shares between core shareholders of Transcorp which combined, hold over 47% of the equity of the company.

Mr Tony Elumelu directly or indirectly owns about 47% of this shares, 17.9 million units in total.

The deal we understand was between Heirs Holding, the investing vehicle used by Mr Elumelu, and an undisclosed entity within the group.

According to the source, the shares was moved from the portfolio of Heirs Holding to another entity within the control of Mr Elumelu, in a move regarded as “strategic re-balancing of their portfolio”. It is unclear why this was necessary.

Got it bro.

emmasoft:


Sale explained

Nairametrics now understands that the block deal was an internal transfer of shares between core shareholders of Transcorp which combined, hold over 47% of the equity of the company.

Mr Tony Elumelu directly or indirectly owns about 47% of this shares, 17.9 million units in total.

The deal we understand was between Heirs Holding, the investing vehicle used by Mr Elumelu, and an undisclosed entity within the group.

According to the source, the shares was moved from the portfolio of Heirs Holding to another entity within the control of Mr Elumelu, in a move regarded as “strategic re-balancing of their portfolio”. It is unclear why this was necessary.

Eye go soon clear

locodemy:
Una don find out who the buyer of 11.2 B units is?
Nairametrics said the person or group is under the control of Uncle T.
Uncle T contols about 47% of Transcorp total shares.
If 27.5% is removed from 47%,the balance now is 18.5%.
Cant you see that uncle T is no longer a majority holder.

pls make una save Loco from this calamity befalling him...........

If anyone is interested for a crossdeal 5m units at 1.35,pls inform me but before I will do that,
JUST NEED TO KNOW WHO THE BUYER IS........BIKONU........EJOOOOO........PLS O.

Loco, I am ready to take ALL your units @ N1.26.
if you are interested, contact me.

NB: people with the money and knowledge have helped us with the 'TRUE PRICE'.


RECALL THIS WITH DANGCEM:
Dangote to sell N200b shares in block divestment
Posted By: Taofik Salako On: August 16, 2017 In: Business
0Comments image_print
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Dangote Industries Limited (DIL), the majority core investor in Dangote Cement Plc, plans to sell shares valued at more than N200 billion in a partial divestment that will widen the float for Dangote Cement.

DIL is owned by Africa’s richest man, Alhaji Aliko Dangote, with over 90 per cent majority equity in Dangote Cement, Nigeria’s most capitalised company.

A document obtained by The Nation showed that Dangote Cement has secured regulatory approval for block divestment of 852.03 million ordinary shares of 50 kobo each. Dangote Cement opened yesterday at N235 per share at the Nigerian Stock Exchange (NSE). The block divestment represents 5.0 per cent of the issued share capital of Dangote Cement.

Dangote Cement’s issued share capital consists of 17.041 billion ordinary shares, which were valued at N4.004 trillion at the opening of the stock market yesterday. Dangote Cement accounts for more than 30 per cent of the total market capitalisation of quoted equities.



A source in the know said the DIL plans to undertake the block sale in tranches and the recent sale of 416 million ordinary shares was the first tranche of the N200 billion divestment. About 2.44 per cent equity stake in Dangote Cement was swapped under pre-arranged transactions earlier this month.[b] A report on the transactions indicated that six deals were struck for the transfer of 416 million ordinary shares of 50 kobo each at a below-the-market price of N210.

The deals, according to the report, were done through the off-market, negotiated cross deals window of the Exchange and as such was not subjected to the dynamics of price discovery for the particular period. Off-market trade implied that the deal was sealed outside the floor of the NSE.

The negotiated cross deal platform of the Exchange is a special-purpose trading platform that is meant for voluminous transaction. By the cross deal, it implies that the buyer and the seller had been prearranged and the transfer at the stock market was a mere perfection of the agreement between the two. The negotiated cross deal allows the parties to the deal to close the deal at reduced cost.

While the details of the new major investor are still unknown, Meristem Stockbrokers Ltd sold the shares to Stanbic IBTC Stockbrokers Ltd, both stockbroking firms obviously acting on behalf of third party investors.
[/b]
Stanbic IBTC Stockbrokers is a subsidiary of Stanbic IBTC Holdings, a member of South Africa’s Standard Bank Group. Stanbic IBTC is known to act on behalf of foreign portfolio investors.

South African government had in June 2013 bought into Dangote Cement. The South Africa’s government, through its wholly owned investment company, Public Investment Corporation of South Africa (PIC), had acquired 1.5 per cent equity stake in the Nigerian cement group to emerge the second largest equity investor.



A reliable source said the block divestment might not be unconnected with a regulatory requirement to free more shares of the cement company for ownership and trading by minority investors.

All companies listed on the NSE are required to have a certain minimum percentage of their shares in the hand of the general investing public, otherwise known as free float or public float.

Free float refers to the number of shares of a quoted company held by ordinary shareholders other than those directly or indirectly held by its parent, subsidiary or associate companies or any subsidiaries or associates of its parent company; its directors who are holding office as directors of the entity and their close family members and any single individual or institutional shareholder holding a statutorily significant stake, which is 5.0 per cent and above in Nigeria.

Thus, free float’s shares do not include shares held directly or indirectly by any officer, director, controlling shareholder or other concentrated, affiliated or family holdings.

Stock markets maintain minimum public float to prevent undue concentration of securities in the hands of the core investors and related interests, a situation that can make the stock to be susceptible to price manipulation. Besides, it provides the general investing public with opportunity to reasonably partake in the wealth creation by private enterprises.

Companies listed on the Exchange are required to maintain a minimum free float for the set standards under which they are listed in order to ensure that there is an orderly and liquid market in their securities. The free float requirement for companies on the premium and main boards is 20 per cent while companies on the third tier board, otherwise known as Alternative Securities Market (ASEM) are required to have 15 per cent free float. Dangote Cement is listed on the premium board of the Exchange. Meanwhile, the NSE allows a minimum free float valued at N40 billion for large-cap companies on the premium board.

Failure by any company under free float deficiency to restructure its share capital at the expiration of the deadline usually issued by the Exchange or secure extension of the deadline may lead to delisting of its shares from the NSE.

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DeRuggedProf:


Loco, I am ready to take ALL your units @ N1.26.
if you are interested, contact me.

NB: people with the money and knowledge have helped us with the 'TRUE PRICE'.


RECALL THIS WITH DANGCEM:
Dangote to sell N200b shares in block divestment
Posted By: Taofik Salako On: August 16, 2017 In: Business
0Comments image_print
FacebookTwitterGoogle+PinterestLinkedInWhatsApp
Dangote Industries Limited (DIL), the majority core investor in Dangote Cement Plc, plans to sell shares valued at more than N200 billion in a partial divestment that will widen the float for Dangote Cement.

DIL is owned by Africa’s richest man, Alhaji Aliko Dangote, with over 90 per cent majority equity in Dangote Cement, Nigeria’s most capitalised company.

A document obtained by The Nation showed that Dangote Cement has secured regulatory approval for block divestment of 852.03 million ordinary shares of 50 kobo each. Dangote Cement opened yesterday at N235 per share at the Nigerian Stock Exchange (NSE). The block divestment represents 5.0 per cent of the issued share capital of Dangote Cement.

Dangote Cement’s issued share capital consists of 17.041 billion ordinary shares, which were valued at N4.004 trillion at the opening of the stock market yesterday. Dangote Cement accounts for more than 30 per cent of the total market capitalisation of quoted equities.



A source in the know said the DIL plans to undertake the block sale in tranches and the recent sale of 416 million ordinary shares was the first tranche of the N200 billion divestment. About 2.44 per cent equity stake in Dangote Cement was swapped under pre-arranged transactions earlier this month.[b] A report on the transactions indicated that six deals were struck for the transfer of 416 million ordinary shares of 50 kobo each at a below-the-market price of N210.

The deals, according to the report, were done through the off-market, negotiated cross deals window of the Exchange and as such was not subjected to the dynamics of price discovery for the particular period. Off-market trade implied that the deal was sealed outside the floor of the NSE.

The negotiated cross deal platform of the Exchange is a special-purpose trading platform that is meant for voluminous transaction. By the cross deal, it implies that the buyer and the seller had been prearranged and the transfer at the stock market was a mere perfection of the agreement between the two. The negotiated cross deal allows the parties to the deal to close the deal at reduced cost.

While the details of the new major investor are still unknown, Meristem Stockbrokers Ltd sold the shares to Stanbic IBTC Stockbrokers Ltd, both stockbroking firms obviously acting on behalf of third party investors.
[/b]
Stanbic IBTC Stockbrokers is a subsidiary of Stanbic IBTC Holdings, a member of South Africa’s Standard Bank Group. Stanbic IBTC is known to act on behalf of foreign portfolio investors.

South African government had in June 2013 bought into Dangote Cement. The South Africa’s government, through its wholly owned investment company, Public Investment Corporation of South Africa (PIC), had acquired 1.5 per cent equity stake in the Nigerian cement group to emerge the second largest equity investor.



A reliable source said the block divestment might not be unconnected with a regulatory requirement to free more shares of the cement company for ownership and trading by minority investors.

All companies listed on the NSE are required to have a certain minimum percentage of their shares in the hand of the general investing public, otherwise known as free float or public float.

Free float refers to the number of shares of a quoted company held by ordinary shareholders other than those directly or indirectly held by its parent, subsidiary or associate companies or any subsidiaries or associates of its parent company; its directors who are holding office as directors of the entity and their close family members and any single individual or institutional shareholder holding a statutorily significant stake, which is 5.0 per cent and above in Nigeria.

Thus, free float’s shares do not include shares held directly or indirectly by any officer, director, controlling shareholder or other concentrated, affiliated or family holdings.

Stock markets maintain minimum public float to prevent undue concentration of securities in the hands of the core investors and related interests, a situation that can make the stock to be susceptible to price manipulation. Besides, it provides the general investing public with opportunity to reasonably partake in the wealth creation by private enterprises.

Companies listed on the Exchange are required to maintain a minimum free float for the set standards under which they are listed in order to ensure that there is an orderly and liquid market in their securities. The free float requirement for companies on the premium and main boards is 20 per cent while companies on the third tier board, otherwise known as Alternative Securities Market (ASEM) are required to have 15 per cent free float. Dangote Cement is listed on the premium board of the Exchange. Meanwhile, the NSE allows a minimum free float valued at N40 billion for large-cap companies on the premium board.

Failure by any company under free float deficiency to restructure its share capital at the expiration of the deadline usually issued by the Exchange or secure extension of the deadline may lead to delisting of its shares from the NSE.

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Dangote did the block divestment due to free float issues.
Does Transcorp also has a free float issues too?
Dangote sold higher than market price.
why did Transcorp sell lower than market price?


I will only sell to you at 1.35 if i am still in doubt but if clarified why would i sell a stock i bought on rumour of good news?

Princkez:
FBNH accumulation going on....who are those seriously loading?? Pa Ihedioramma are u aware ?

Am aware . One of my leg is in the other one out, i can't buy now is risky

tritritri:



Na wa ooh..God just give some people PATIENCE.

Kai..

I wish na me get PATIENCE like U. But i dont know why d DEVIL will control my hand to sale.

Am regreting selling my DF now.

See your life . Now devil out of tritritri . Don't try that with OANDO O if you have not .

locodemy:


Dangote did the block divestment due to free float issues.
Does Transcorp also has a free float issues too?
Dangote sold higher than market price.
why did Transcorp sell lower than market price?


I will only sell to you at 1.35 if i am still in doubt but if clarified why would i sell a stock i bought on rumour of good news?

Honestly, I will not buy from you.
If I buy from you, EXCEPT YOU INSIST, you will not forgive me from APRIL 2018 .
I am surely buying more, but only from the floor to avoid a backlash.

NB:
2016 FYE = LOSS
Q1 '17= 1.5B /PAT.
Q2 '17 = 4B / PAT
Q3 '17 = 8B /PAT.


Clearly, Uncle T is working...... .

UCAP is working
AFRIPRUD is working.
UBA is working.
I am giving Uncle T some cash to manage.
Cost reflective tariff is going to work!

DeRuggedProf:


Honestly, I will not buy from you.
If I buy from you, EXCEPT YOU INSIST, you will not forgive me from APRIL 2018 .
I am surely buying more, but only from the floor to avoid a backlash.

NB:
2016 FYE = LOSS
Q1 '17= 1.5B /PAT.
Q2 '17 = 4B / PAT
Q3 '17 = 8B /PAT.


Clearly, Uncle T is working...... .

UCAP is working
AFRIPRUD is working.
UBA is working.
I am giving Uncle T some cash to manage.
Cost reflective tariff is going to work!

Yes all these improved quarterly results in 2017 and the new investor rumour led me to buy after my DD.
I became afraid due to the crossdeal on Thursday and as a result of this,I raised an alarm in this forum.
With the help of brothers here who gave me the nairametrics link on the transactions,I became convinced on the huge transactions carried out on Thursday.
I am no longer panicking.
I am no longer selling unless I see the stock on full offer on monday.
Thanks to everyone who in one way or the other contibuted positively/negatively in this Transcorp block divestment.
God bless you all.

lol @ loco.. ur shock absorber no even strong and you go dey buy all these high blood pressure stocks.. the hard way is not the only way

@transcorp, both the selling and buyer have reasons and must have known how profitable the divestment and investment will be to each of them.
Over 11b shares is not a joke. Nobody will keep money in a shallow pocket. Such amount of money are kept in 'fish/inn pocket'.

locodemy:


Yes all these improved quarterly results in 2017 and the new investor rumour led me to buy after my DD.
I became afraid due to the crossdeal on Thursday and as a result of this,I raised an alarm in this forum.
With the help of brothers here who gave me the nairametrics link on the transactions,I became convinced on the huge transactions carried out on Thursday.
I am no longer panicking.
I am no longer selling unless I see the stock on full offer on monday.
Thanks to everyone who in one way or the other contibuted positively/negatively in this Transcorp block divestment.
God bless you all.

The problem here is your investment strategy.
Why will you invest an amount that will give you sleepless nights in one stock
It is better to buy 3 or 4 different stocks at time.

Meanwhile I still picked up few units of transcorp @1.33 while it was on full offer.

locodemy:


Yes all these improved quarterly results in 2017 and the new investor rumour led me to buy after my DD.
I became afraid due to the crossdeal on Thursday and as a result of this,I raised an alarm in this forum.
With the help of brothers here who gave me the nairametrics link on the transactions,I became convinced on the huge transactions carried out on Thursday.
I am no longer panicking.
I am no longer selling unless I see the stock on full offer on monday.
Thanks to everyone who in one way or the other contibuted positively/negatively in this Transcorp block divestment.
God bless you all.

Sir, making some noise in music doesn’t make the music worth listening to. Focus on your investment not the noise... Everyone investment objective is different but making money brings everyone together

Blackethics:
@transcorp, both the selling and buyer have reasons and must have known how profitable the divestment and investment will be to each of them.
Over 11b shares is not a joke. Nobody will keep money in a shallow pocket. Such amount of money are kept in 'fish/inn pocket'.

every investors objectives is to make money, HH capital investment is to make money, i wonder why this company failed to divest at N6 few years ago when the price rose from 50k to above N6 why the rush to let go the holding at a price below mkt price now

what if the buyer have no interest on future share price/ dividend but to chop their own shareprice thru directors expenses and other allowances

i have nothing against Transcorp and i respect the opinion of every post on transcorp issues. i understand d feeling of those throwing stone as the says goes "for where a man treasure is, there is heart will be also"

when the direction is clear i don,t mind to buy at premium like the way i did on DF. for now it no no for my system

cc V

Godisfaithful:


Sir, making some noise in music doesn’t make the music worth listening to. Focus on your investment not the noise... Everyone investment objective is different but making money brings everyone together

If everyone is doing the same thing, NSE wont last more than 6 months..... .

https://www.premiumtimesng.com/business/business-news/251059-exclusive-real-reasons-sec-dg-gwarzo-suspended.html

O and O

locodemy:

Yes.I understand better now.No more panic.

I can't stop laughing... ���

Godisfaithful:


Sir, making some noise in music doesn’t make the music worth listening to. Focus on your investment not the noise... Everyone investment objective is different but making money brings everyone together

I thought he was a great investor with enough knowledge. But the way you shun him @myjoy shows you are somewhere trapped. Anyway, enjoy your difficult moment. you once deceived me to buy Diamond Bank and THANK You later last April and landed in mess instead. Enjoy your hard times.This is NSE for you.

locodemy:


Dangote did the block divestment due to free float issues.
Does Transcorp also has a free float issues too?
Dangote sold higher than market price.
why did Transcorp sell lower than market price?


I will only sell to you at 1.35 if i am still in doubt but if clarified why would i sell a stock i bought on rumour of good news?

another thing I think is maybe tony wants to buy more, he can only buy from the floor and wants to shake off the faint hearts like you. If you can, just wait till see their next result.

Englishgold:


I thought he was a great investor with enough knowledge. But the way you shun him @myjoy shows you are somewhere trapped. Anyway, enjoy your difficult moment. you once deceived me to buy Diamond Bank and THANK You later last April and landed in mess instead. Enjoy your hard times.This is NSE for you.