₦airaland Forum

locodemy:
They ain't cashing out oooo.
More bids are springing up.
The more you look, the less you see.
Transcorp may touch 3 before cashing out starts.

Well, it looks like some fund managers and maybe institutional investors are the ones with huge bids.....

Retailers looks cautious.......but they are having confidence because of them........maybe the fund managers know what we don't know yet.
**Just my opinion o**
Let's keep watching.......

* I deleted the post cos I don't want to be insulted or blamed for anyone's exit/entry decision.

GTCO
Final Dividend: N2.80k
Qualification Date: 1st May, 2023
Payment Date: 11th May, 2023
Registrar: Datamax
https://doclib.ngxgroup.com/Financial_NewsDocs/38243_GUARANTY_TRUST_HOLDING_COMPANY_PLC-GTCO-CORPORATE_ACTIONS_ANNOUNCEMENT_CORPORATE_ACTIONS_APRIL_2023.pdf

Fair? Life isn't always fair but you must continue to fight and focus on what is within your power to change

Agbalowomeri:
So that you go carry EFCC chase me Lol

I see. Now that we know nko? 🤔
Lol. Fear not, EFCC get plenty works on ground for now. After May 29, the work go double, so enjoy your dividend in peace.

Kind heartedness is a virtue, not everyone possess it; but then, it's often abused and seen as weakness

mendes911:
That notice is for 2023 Q1.....

Oga Mendes thank you o.
I should have known not to reply on the big ogas posts cos they know ahead and far better than me. Make Una no vex.

So Agba saw this since yesterday and still asking today instead of notifying us? Hhmmm. 🤔🤔

*Modified*
GTCO declared N2.80k final dividend

Total Dividend for 2022 FYE = N3.10.
A good one.

dpacificheraclx:
Anyways I don't think Geregu Power will acquire Geregu 2 before Buhari leaves office, at the moment Tinubu and his boys have eyes on some of these power assets too, hence the recent delay by BPE.

Geregu power has been invited to bid for Geregu 2 and may most likely win this.....
Reason he raised funds to acquire it.
Whether it will be finalized before Buhari leaves office or not is another thing.

There are other power plants up for sale aside Geregu 2 nah.

https://www.google.com/amp/s/www.ripplesnigeria.com/otedola-sells-geregu-shares-to-raise-funds-amid-bid-for-new-power-plant/%3famp

Ajibade123:
Do you think the stock will rise with this news

Well, no one can boldly say anything o.
The more we look, the less we see .........someone like me can only be following the dictates of Mr. Market.

As at now, the stock is still on demand, anything can happen anytime.....

However, like some ogas said, TRANSCORP is undervalued at CP. It's for the extra patient ones.

Zagee:
Forgive my premise. I was just being hysterical.

Lol. You may be right too.
Reason I said no one can know what they could be planning behind closed doors.

.....but during the Afrexim purchase, it was specifically for Geregu from the correspondences.

Zagee:
Now I think AFDB offered Ote$ that money to Unshackle Transcorp

I don't think this is the case, though one can never know what's going on in these guy's minds.

AFDB's stake was mainly for GEREGU 2 if I'm not mistaking........ Otedola might be strategizing ahead by moving into Transcorp to buy some stakes.

dipoolowoo:
Transcorp Denies Knowledge of Otedola’s Acquisition of 5.5% Stake
https://businesspost.ng/economy/transcorp-denies-knowledge-of-otedolas-acquisition-of-5-5-stake/

We are used to their initial denial.
Also saw Transcorp's mail as per this.......but I think what they were saying was that they've not been formally informed or so.

Payunsin:
How far with Transcorp presently on the exchange?
Bid/ offer pls

Attached is the situation as at now......
Full bid with over 200M bids at day's high, N1.69k
There are other bids below 1.69 too.


In another news, an entity or some entities seems to be buying lots of volume in FIDELITY and UBA.
The rate of crossings in FIDELITY especially is unusual....

locodemy:
Just kneel down and thank Otedola for the recsue.
This same value you are seeing in Transcorp now,we have seen it in years past yet no wealth creation for shareholders.

I am having a feeling they will separate the power company from the group very soon.who knows their plan......

Lol. Can't forget that last time.
I just don't want to make any comment about this Transcorp than to say let's hope this time it'll be a different ball game, since a new investor is involved.

I'd also thought about the separation of power.

megamart247:
Thanks
If I buy today will I still qualify for dividend?

Wow!! This life!!
NYSE and LSE don humble una.
Abi no be this Oga dey laugh many us in the past?
Una welcome back to NSE o.

If you buy today, you should qualify.......
However, I'll not advice you pick it again because today is the last qualification date .....except you have some units already in your portfolio before today.

Interesting!
Hope to read further updates on this.

BabsO2:
I picked from newswirengr that info of Femi owning more shares in Transcorp.
https://newswirengr.com/2023/04/12/femi-otedola-overtakes-tony-elumelu-to-become-transcorps-largest-shareholder/

Not true.
UBA Nominees is still the largest shareholder with 9.25% shareholding while Femi Otedola is the 2nd (with 5.52%) as at today......
Unless he increases his shareholding.....
See the attached....

Pls disregard such foul words as "Simp" that's common with those red pillers and misogynists

locodemy:
I am loaded in chams and Japaul.I am sure both will deliver but patience is what I don't have.

Lol. That 'patience' is now the issue.
.....but when taking any decision if expectations are delaying, try not to sell all at any given time...,..think you were also advised about this previously too.
*Also, I think once you identify these stocks, you may have to monitor the mvmts first before diving in.....no vex say newbie dey advice o.

See the Transcorp you've waited for since all these months, if not years self.......not easy to wait since that period truly.
Could remember when you bought @1.40 that time.
Chai!! It's well.

locodemy:
I don't know any news.Chams and Japaul prevented me from buying Transcorp .I have confidence my time will come.

Are you in Chams already?
Told you it's not yet time for JAPAUL that time.......but I somehow have faith in your pick .......you always have eyes for them.
Only hope you'll be able to wait and endure till it's time sha.
I don't think there's the need to feel bad about Transcorp..... opportunities will be coming in-between.

CHAMS
- Some moves here.......
- Currently sighted @26k

@Locodemy any news?
Or maybe it has to do with the coming Census...

Streetinvestor2:
Na this kind English they cause wahala for naija present elections. This + sms charge + vat on brokers commission. Has it been factored in the 0.88%/1.225% already or to be treated differently

If factored in, it should be coming to around the figures you mentioned in your post.....
B: 0.921%
S: 1.263%

**NB: I didn't do the Arithmetics o, just guess estimation**

Ginalex:
I see small pick sha. As I miss Geregu own, this must not pass me by

Lol.
People no wan dull themselves again........
Just try and keep eye on the mvmt sha.

TRANSCORP
Una don chop the offer finish!!

Full bid @1.54.......

[quote author=anjilgreat post=122476873][/quote]I'm fine. Thanks Madam.

Streetinvestor2:
My sell today was sell at 1.263 and checked my previous buy it was .921 from morgan.will check that of the other broker when I get the sale mail

Checked recent charges and remembered that VAT was later introduced and trade alert charges is up with 0.10k.....

Here's the Updated charges:
Buying charges: 0.88% + N4.30 SMS charges
Breakdown:
Broker's Commission: 0.500%
SEC : 0.300%
Stamp Duty: 0.08%
VAT on Commission: 7.5%
CSCS Trade Alert: N4.30

Selling Charges: 1.225% + N4.30 SMS charges

** SMS fee is deducted per each transaction.....even if 1unit is executed, 4.30 will be deducted**

Streetinvestor2:
Pls what is the total percentage charge for Morgan sell and buy not just commission .I want to see if na my other broker I dey make money for

My mind went straight to Madam Anjilgreat as I see this question. It's been discussed here before.....
Chai!! Many active monikers in the past have remain anonymous and in ghost mode these days.....

See below:

anjilgreat:
Morgan Capital Total
Buy charge = 0.875%
Sell charge = 1.175%

UPDATED CHARGES :
Buying: 0.88% + N4.30 SMS charges + 7.5% VAT on Broker's Comm.
Selling: 1.225% + N4.30 SMS charges + 7.5% VAT on Broker's Comm.

Streetinvestor2:
Tomorrow we move to transcorp. The wolves have landed thr. The corruption must go round

Lol. DiarisGod o.

dpacificheraclx:
a bigger player is buying 😂, we shall all find out who the person is tomorrow, let's keep watching

Femi Otedola becomes the 2nd largest shareholder in Transcorp Plc.

https://nairametrics.com/2023/04/12/breaking-femi-otedola-acquires-5-52-of-transcorp-plc/

** 5.52% translates to around 2.24B units.......the remaining OS/Free float is still on the high side sha.....will just keep eye on it**

Olaide1295:
The moves may be because of the new power bill that was signed.
I heard Adeleke is also expanding Omotosho’s capacity to double.

Also, bidding was ongoing for some of the power plants......
Otedola is adding Geregu 2........
He may be making some strategic moves ahead.......

Interesting times ahead in the power sector really....

OBAGADAFFI:
Femi Otedola

Ok now!!
So we now know the buyer......
We the fans of Ote$$ will now pay more attention and interest in Transcorp........
Hope another big boss will pick more % or Ote$$ will increase the % as time goes on......

** He's currently the 2nd largest owner in Transcorp Plc with 5.52% shares, translating to 2.2Billion units

NapoleonHill:
What's os, please?

Outstanding Shares......Total number of shares of a company available for trading in market.
Innclusive of those ones held by institutional investors.

For instance, Transcorp's OS is currently 40.65Billion...
This was noted to be huge and somehow affecting the share price from moving up and gaining significantly........because the number of shares for Free Float is 39.65Billion or thereabout.

Free float are the ones available or can be accessible for trading on the secondary market, which is the Stock Exchange.....

Thats my little understanding of it.

Zagee:
Report has it that AMCON sold off 1.5billion shares yesterday. The buyer we dont yet know

I thought AMCON was the buyer