₦airaland Forum

IMG
Corporate Action....
0.40k final Dividend
https://doclib.ngxgroup.com/Financial_NewsDocs/IMG_Approval_to_Print_2021_Annual_Report.pdf

locodemy:
wife never know I sold off the huge volume we bought.over 10m units we bought then.

Otedola has deprive me my best Jijo stock.

Loco it can be very painful, not when you denied yourself of other jijos, stayed put in Transcorp......only to exit and miracle happened.

...But, just look on the brighter side of things...... be hopeful you'll hit your jackpot some day.

Someone like me can't regret exiting Transcorp, it has disappointed many times.......
Always try to monitor the stocks you identify to know when there's increased activities ........and if there are some positive news surrounding it....
Jumping in when it starts going up wouldn't even be of much issue then.

locodemy:
Nne, the pains is much now.
Why you go sell when there is leadership tussle going on now?
Do you think Transcorp won't reach #5 if Elumelu decide to increase his shares to 7% from the floor?

Remember what happened the last time Transcorp touched 1.40?
We were so optimistic it would touch N2......just for some guys to clear off bids of over 100M or so.
Na since that time I don dey fear the stock.

If not for Otedola factor, don't you think it would have gone back to below 1.40?

Well, some other opportunities will still come. We watch for another one to deliver.

onegentleguy:
Remember what happened with FBNH btw Sir FO, the folks @ LEADWAY INS and Sir Oba Otude**
The bidding war actually helped propel the price... because everyone wanted to ...
They may not even be done with FBNH yet.

Doesn't look like they're done yet from the look of things too.
Odukale's % is still very close to Otedola's.
Lots of coded accumulations were witnessed after the noise.
We'll see how this pans out eventually.

onegentleguy:
honestly not surprised!
...the usual disposition of a capitalist!
It is well

Honestly!
Retailers are at their Mercy.

TRANSCORP
Battle of billionaires.......
Chains of 50M single bids on queue.....
Let the man with the highest doe wins.......
More wins for retailers......

** This thing pained me for Loco sha.
He waited so long and decided not to sell........what pushed him against his decision? Chai!
Even me self don sell d tashere unit I get. Jumped in @1.40 when there was huge crossings but exited out of fear of 'Transcorp'.

Zagee:
https://www.thisdaylive.com/index.php/2023/04/18/restore-public-trust-in-market-transactions-transcorp-investor-tells-ngx/

This looks more like my observation too.
Retail investors are in the 'dark' as to what's happening behind curtains....

Anyway, retailers can just follow dem big men chop ni...

There was some kind of "interest" going on here btw the two billionaires........
* Tony has around 1% shareholding in Transcorp (less than 1B) while Otedola acquired 5.52% (2.245B).....
* Some reports were of the opinion that Tony may increase his stake also....
* Around 89%+ in investing public.....UBA nominee with 9.25%

** What was confusing here is that: "Will Tony says he wasn't aware of Otedola's interest to buy some % before buying??
* Otedola thru Emperon or so, says they wrote Transcorp about the share purchase, Transcorp is denying the knowledge. Till now, NGX is yet to publish the share purchase........... Who is deceiving who?

YoungBuffet:
FO also do jijo, when the price goes up he will exit

Who or what is FO?

Btw, NAHCO is gradually progressing.......
Sighted @11.60 now....

Where's Peter?
Seems he don exit Transcorp, also missing out on Nahco? Chai!!

*Transcorp market update attached..

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.