just entered transcorp at 0.79k, hope its ok

locodemy:


Dont buy today.You can join the train again with us at 1.00 starting from next week.It will take off again against Q1 result.Expect a major rally in fcmb next month.

I am already bidding at N1.01. But you may not join me now....
One guy come overtake me join bid at N1.02.
I am comfortable at that level cos I cant read MM's mind and N0.01 will be almost NO DIFFERENCE in the nearest future (God willing... )

Transcorp doing JIGIJIGI...

DeRuggedProf:
Transcorp doing JIGIJIGI...

bros wat do u think of the JIGIJIGI

I saw it coming but never put interest on the stock..........

President/CEO Transcorp Plc, Emmanuel Nnorom, Chairman, Transcorp Plc, Tony O.
Elumelu and Transcorp Plc. Group Company Secretary, Helen Iwuchukwu at the Annual
General Meeting of Transnational Corporation of Nigeria, held in Lagos
Transnational Corporation of Nigeria, Plc (Transcorp) has pledged to enhance
shareholders value on investment through robust dividend pay-out in the years
ahead.The assurance came as group recorded huge loss before tax of -N1.13 billion due
to dollar acquisition finance facility, which made it commend the Central Bank of
Nigeria, (CBN), on the recent dollar liberalisation that has helped eased pressure on the
foreign exchange (forex) market.
The Chairman of Transcorp, Tony Elumelu, addressing shareholders during the 2016
yearly general meeting in Lagos, said the company is well positioned to meet its
medium to long term strategic business targets. This is due to the recent dollar
liberalisation policy, which is already yielding results by helping the company to meet
its forex obligations.
“When we took over transcorp that was the first time we paid dividend, and we will
continue to pay dividend and do bonus issue to shareholders, and we will not do less.
We are impressed with what government is doing presently.
“We hope that the fund they just approved would help to improve our liquidity. The
foreign exchange policy of the government now is very good, and it is even helping us
already because we are able to meet our foreign exchange obligations.
“It is highly commendable; we commend the central bank governor and the federal
government. Indeed, the future is looking bright. Our shareholders this year will go
home smiling,” Elumelu added.
Reviewing it 2016 performance, he said despite the top line growth of 46 per cent to
N59.43 billion, the forex losses of N18.48 billion for Transcorp Power in respect of its
dollar acquisition finance facility affected the bottom line.
According to him, the group realised loss before tax of -N1.13 billion against N2.03
billion profit in 2015, due to the forex losses, but he assured of prospect of paying
dividend to the shareholders within the 2017/2018 financial year.
Also speaking at the meeting, the President/Chief Executive Officer, Transcorp Plc,
Emmanuel Nnorom, said: “We believe that this year things are turning more positive
for most of the businesses and like I mentioned, our first quarter result is coming out
good. We expect that the rest of the year will be good.
“The factors that affected us last year, was majorly the foreign exchange devaluation
that made us experience losses of about N18.7 billion appears to be now something
under control as FX is now more readily available, and we expect that the current steps
now being taken by the CBN will turn out positively for everyone in the economy.”
Nnorom said the firm’s ongoing projects in some of its subsidiaries; particularly the
hotel and power sectors would help in driving its financial performance in the near
term.
“For the power business, we have 620MW of installed capacity now, and two more
turbines are coming up that will bring it to 850MW by the end of this year. “So, there
are many positive developments all around us, and I can assure shareholders that the
result of this year will look very positive for us. Our plan for our subsidiaries is
continuous improvement. For the hotels, we are doing the upgrade of the rooms. We
want to complete that before October this year,” he added.

Some people have seen Zenith Q1...

DeRuggedProf:
Some people have seen Zenith Q1...

The best time is yet to come............MAY

DeRuggedProf:
Transcorp doing JIGIJIGI...

- even opened at .77 !
- d bears need a break probably

ihedioramma:
@Fxuser. All this buying and selling
people time is coming they can't
enter at #4+ just keep on buying
and selling but who are my talking
to? this people are making cool
money more than blood money people . Just look, From 10.30am
to 11.45am in a day they are going
home with #0.10kobo? why others
are happy with 14kobo dividend
for 365/366 days ?

The reading public will be better served if you align your assertion in proper perspective sir.

It will interest you to know that contrary to your opinion, most people bought Fidelity between February and early April at between 0.76k - 0.90k. That's hardly 365 days of "waiting" for 14kobo dividend! Meaning they could still take the dividend and be comfortable with mark down price pending Q1 rally.
Warren Buffet the sage taught me many years back saying "Like the Lord, the market helps those who help themselves; but unlike the Lord, it does not forgive those who know not what they are doing"...end of quote.
I beg to quote myself now "Those who know what they are doing don't necessarily come out shouting about it. They keep working silently, while their results do the shouting"
DISCLOSURE: I am a Fidelity beneficiary by the way.

DeRuggedProf:


I am already bidding at N1.01. But you may not join me now....
One guy come overtake me join bid at N1.02.
I am comfortable at that level cos I cant read MM's mind and N0.01 will be almost NO DIFFERENCE in the nearest future (God willing... )

support crew !

Tritri:



Na wa ooh..Just wen am abt to dip hand into FO it comin down..i better shine eyes ..

I recommend that you buy FO at the current price.

Forte Oil

- breaking lower !

meshpips:


I recommend that you buy FO at the current price.

With this breaking lower ...man dey fear ooh..

fxuser:
Forte Oil

- breaking lower !

Check the daily tf chart for crude (both WTI and Brent).

There's a very strong possibility that Fidelity's q1, will be spectacular. Left the bus today to wait at the <0.87 junction

locodemy:


The best time is yet to come............MAY

Sir Loco
I submitted 4 e-dividend mandate form through my bank, 3 went through (approved), but cardinal stone did not (disapproved).
Reason was "No Signature Specimen". They went further and wrote "Shareholder to process transfer form".
I was confused because they were signature in all 4, and other registrar did not give any complain.
I went to my bank today to complain, but they instructed me to contact cardinal stone customer support.

Do you know what could be responsible, and what is the easiest way to resolve this?

Thank you

duni04:
There's a very strong possibility that Fidelity's q1, will be spectacular. Left the bus today to wait at the <0.87 junction

badt guys...

binaflexia:


Sir Loco
I submitted 4 e-dividend mandate form through my bank, 3 went through (approved), but cardinal stone did not (disapproved).
Reason was "No Signature Specimen". They went further and wrote "Shareholder to process transfer form".
I was confused because they were signature in all 4, and other registrar did not give any complain.
I went to my bank today to complain, but they instructed me to contact cardinal stone customer support.

Do you know what could be responsible, and what is the easiest way to resolve this?

Thank you

Different Registrar with different procedure. GTB Registrar requested that I should process a transfer form , Morgan Capital sent a copy to my e-mail.

I print same and sign as the transferee and mail it back to Morgan Capital for them to liase and handle with the Registrar.

rationalmind:


I can relate, especially if you're coming from an engineering background. I used to be like you .

Infact, I always skipped fxuser's posts cos I never understood anything he writes . Just keep following the thread, read books, use Google and you'll soon understand all the terms and acronyms.

Tnks

Coolcash1:


Whatever is it you don't understand please feel free to post it for members to assist...We are here to help ourselves.

Tnks

KingsJohnson:


Tnks

Please feel free always to ask ! All those jargons we write will make sense very quickly ! .

cheers

duni04:
There's a very strong possibility that Fidelity's q1, will be spectacular. Left the bus today to wait at the <0.87 junction

This is INFIDELITY!!!
I said it...

FBNH
- now now now 57m units ! !
-

fxuser:

FBNH
- now now now 57m units ! !
-

this Ojoro market markers / brokers et al ! Quickly came down to 3.10 to deal their large volume !
clearly its a hammer formation today

FBN!!!
- 57M units plus!!!

DeRuggedProf:


This is INFIDELITY!!!
I said it...

lolllzz

This Fidelity Supply never runs dry !
The more the market wants , the more the market gives !
Post Ex-Div will be interesting

Lighter Note
After today , FCMb will take its rightful place as the chief pennystock leader loll
#kidding

fxuser:

FBNH
- now now now 57m units ! !
-

I tire o!
I no get spare cash.
Can I sell SOME zenith to move here?

DeRuggedProf:
FBN!!!
- 57M units plus!!!

loll
lwkmd
omg
this meme's crack me up

DeRuggedProf:


I tire o!
I no get spare cash.
Can I sell SOME zenith to move here?

Zenith is about to enter 14.50 exam test

fxuser:


lolllzz

This Fidelity Supply never runs dry !
The more the market wants , the more the market gives !
Post Ex-Div will be interesting

Lighter Note
After today , FCMb will take its rightful place as the chief pennystock leader loll
#kidding

I added some units as stated earlier....

fxuser:



Zenith is about to enter 14.50 exam test

- Thats exactly my worry.
- If it passes this driving test it may be headed to crush N15 and land at N16.2 or there about...
- Will FBNH eventually behave like fidelity while Zenith is still in the Exam hall?
- Zenith Q1 will be out before the elephant woke up and prepare breakfast that is with CBN...

A lot is on my mind in this game that you are crushed once you PAUSE to think...

fxuser:


Please feel free always to ask ! All those jargons we write will make sense very quickly ! .

cheers

Hweva, I really need to start from somewhere, so do you have any ebook (Nigerian) that can help one to invest in Nigeria markets, am really fade up with reading abt investing in other countries while I dnt know anytin abt my own fatherland.