OandO at it again o.
Full bid on the stock at the moment.
Stock to go private after buying off minority shareholders at N7.07, subject to court approval.
So what will happen to those who bought at N30?

https://doclib.ngxgroup.com/Financial_NewsDocs/37954_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_MARCH_2023.pdf

Kabiru: Good day bro,
I just sold my OAN** shares earlier today only to see it go back on full bid moments later.

Me: No need to live in regret dear. You can always allocate the sales proceeds to other value accretive coy and still make some decent return.

Kabiru: I hold some small stake in TRANSC***. Would it be ok to exit now?
Your advice will be well appreciated.

Me: As long as you are following through with your trade set-up, you should be ok... but may OAN** not happen to you in TRANSC***.
Just follow your instinct.

# Name has been changed.

CAVEAT: NOT to be interpretated as any sought of investment advice.

what just happened in Transcorp

beejay1:
OandO at it again o.
Full bid on the stock at the moment.
Stock to go private after buying off minority shareholders at N7.07, subject to court approval.
So what will happen to those who bought at N30?

https://doclib.ngxgroup.com/Financial_NewsDocs/37954_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_MARCH_2023.pdf

So my gamble worked. Cool 70% profit. Was expecting higher based on NGX rule on calculating price for delisting.

beejay1:
OandO at it again o.
Full bid on the stock at the moment.
Stock to go private after buying off minority shareholders at N7.07, subject to court approval.
So what will happen to those who bought at N30?

https://doclib.ngxgroup.com/Financial_NewsDocs/37954_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_MARCH_2023.pdf

I sincerely sympathize with those who bought that high.
Offer peg is even 1 Kobo below the coys last 52w high.

Good thing is; MTO pegs can be negotiable.
Shareholders should get them to up that N7.07 offer.

At least N10 can be managed.

Mfunkynation:
what just happened in Transcorp

Looks like wash trade.

SEC to launch redesigned E-Dividend platform on July 31st

https://nairametrics.com/2023/04/14/sec-says-the-redesigned-e-dividend-platform-is-to-launch-on-july-31st/

onegentleguy:


I sincerely sympathize with those that bought that high.

However, MTO pegs can be negotiable.
Shareholders should get them to up the that N7.07 offer.

At least N10 can be managed.

Not a bad deal for me.

Agbalowomeri:


I am placing a wager for both ZENITH & GTCo to move above 30 by July. Anyone?

Oga, you are on your own oo.

Once I buy them at 17/18. I am not bothered at what their year high becomes.

I look at previous trend.

Previous trend shows that NSE start experiencing real bull a year after elections, that mean any big bull will come from mid 2024.

No be me talk am oo, but data from 2003 till 2019

beejay1:
OandO at it again o.
Full bid on the stock at the moment.
Stock to go private after buying off minority shareholders at N7.07, subject to court approval.
So what will happen to those who bought at N30?

https://doclib.ngxgroup.com/Financial_NewsDocs/37954_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_MARCH_2023.pdf

Hehehe. I had this thought yesterday owing to the fact that they have sold off their positions in the downstream sector to NNPC in 2022 through a third party.(hence they have enough cash at hand).
Oh well sorry for people who bought above 7 naira.

As for me, I might have closed another deal 🤝

kenmaro:


Please, I need very urgent advise on transcorp shares. I bought about 145,550units at 1.42 over 5years ago and I have been holding this, funds tied in there with no growth and no reasonable dividends. Though, I have no need for the funds now but I am thinking to sell off and look for a better stock with good appreciation to buy or buy back into transcorp with higher quantities if the price drops again as it has been doing? Kindly advise urgently please 🙏

@Mpeace
@PETERiCHY
@yMcy56
@BullBearMkt
@Agbalowomeri

IF you're looking for a stock with good appreciation, you may want to consider investing in a different company. However, if you are comfortable with the risk, you may want to hold on to your Transcorp shares.

Ultimately, the decision of whether to sell your Transcorp shares is up to you. You should consider your own investment goals before making a decision.

These are the questions you should ask yourself before making the decision:

-Are my comfortable with the risk of holding onto Transcorp for more having waited this long. With the new report released, will the company continue to grow or otherwise?
-What are you hoping to achieve by investing in Transcorp in the first place? Have you achieved this?

IF I were in your shoe:
-I'll be patient & sell part of shares (on profit to what I bought 5 years ago)
-Leave the remaining share for more years (Transcorp TA is looking bullish)
-Keep my cash for later part of the year - there will be more opportunities to buy cheaper stocks.

As I mentioned earlier, the final decision is yours. Best of luck.

Capitalist manoeuvre!!

yMcy56:
TRANSCORP
@Locodemy where are you?

Aunty Mercy I am fine.
I gambled Transcorp in the past but this time I prefer to gamble with Japaul and I still insist on 100-200℅ profit.Q1 is around the corner.I see it happening in April or May.

Let Transcorp embark on reconstructions.It will be alright and attractive.

CAP Divided N1.55

Agbalowomeri:


I am placing a wager for both ZENITH & GTCo to move above 30 by July. Anyone?

You were pessimistic when GTCO was selling at a discount last year. At that time, you predicted that the stock would decrease even further. However, now that it has made recovery, you are expressing confidence that it will continue to rise. It seems that you have a trader's mentality rather than that of a value investor.

ositadima1:


You were pessimistic when GTCO was selling at a discount last year. At that time, you predicted that the stock would decrease even further. However, now that it has made recovery, you are expressing confidence that it will continue to rise. It seems that you have a trader's mentality rather than that of a value investor.

Put your wager joor

Agbalowomeri:


Put your wager joor

GTCO don help my ministry already, nah UCAP I dey monitor now.

ositadima1:


GTCO don help my ministry already, nah UCAP I dey monitor now.

When you leave the table, don't turn back Lol

onegentleguy:


I sincerely sympathize with those who bought that high.
Offer peg is even 1 Kobo below the coys last 52w high.

Good thing is; MTO pegs can be negotiable.
Shareholders should get them to up that N7.07 offer.

At least N10 can be managed.

Honestly, that N7.07 MTO peg from OANDO is quite unfair.
Someone said the last right issue on the coy was at N22 in 2014.
...and after nearly a decade, OANDO is now proposing to pay just 32% of that amount.
That's ridiculous!

Value destruction at its peak.
...it's very unfortunate!
Shareholders should come together and resist that offer, so they'll up that peg... otherwise they join them in going private.
I think the "drivers" of OANDO may be...
N10 is even a bit too small.

I feel for previous long term holders of the stock.

onegentleguy:


Honestly, that N7.07 MTO peg from OANDO is quite unfair.
Someone said the last right issue on the coy was at N22 in 2014.
...and after nearly a decade, OANDO is now proposing to pay just 32% of that amount.
That's ridiculous!

Value destruction at its peak.
...it's very unfortunate!
Shareholders should come together and resist that offer, so they'll up that peg... otherwise they join them in going private.
I think the "drivers" of OANDO may be...
N10 is even a bit too small.

I feel for previous long term holders of the stock.

Some of us bought at N98 Lol

onegentleguy:


Honestly, that N7.07 MTO peg from OANDO is quite unfair.
Someone said the last right issue on the coy was at N22 in 2014.
...and after nearly a decade, OANDO is now proposing to pay just 32% of that amount.
That's ridiculous!

Value destruction at its peak.
...it's very unfortunate!
Shareholders should come together and resist that offer, so they'll up that peg... otherwise they join them in going private.
I think the "drivers" of OANDO may be...
N10 is even a bit too small.

I feel for previous long term holders of the stock.

Thunder way go fire them still they do press-up. Something I bought for year @20 they want to give me #7.Na me and them they go the private if they don't pay me #20 as I have already written it off .

Mpeace:
The stress of having to fill forms from one registrar to the other and their various requirements is so discouraging. But I need to be sure its the bank first so I dont do a wasteful venture.

Mpeace, I don't think you need to fill any other form with the registrar.
Do your KYC with your broker, will be uploaded and updated on CSCS window, then every other thing should be fine.
That's what I think it is anyway.

* You may take further step to know more about this by making enquiry from your broker, CSCS or the registrar.

Streetinvestor2:
Thunder way go fire them still they do press-up. Something I bought for year @20 they want to give me #7.Na me and them they go the private if they don't pay me #20 as I have already written it off .

Lol.
That's where we short termers used to avoid this kind of bullets.
Once a stock is behaving anyhow, no matter how good it is, we don throw am up be that, look for better opportunity elsewhere.
Maybe because I be small investor sha, as good as Zee or GT are, me no dey look their side except there's a glaring & huge bargain on them.
Let me say that me too don learn hard lessons for this market.

Agbalowomeri:


Some of us bought at N98 Lol

I remember advising a friend against putting his late father's pension proceed into the stock.
Coy was trading for N41+ at the time.

It would've been utter regretful for him by now.
Dude has remained ever thankful and grateful to date.

OANDO really dealt with many folks in the past.

Pls how is Transcorp performing on the exchange presently? My fbnquest platform is not working

onegentleguy:


Honestly, that N7.07 MTO peg from OANDO is quite unfair.
Someone said the last right issue on the coy was at N22 in 2014.
...and after nearly a decade, OANDO is now proposing to pay just 32% of that amount.
That's ridiculous!

Value destruction at its peak.
...it's very unfortunate!
Shareholders should come together and resist that offer, so they'll up that peg... otherwise they join them in going private.
I think the "drivers" of OANDO may be...
N10 is even a bit too small.

I feel for previous long term holders of the stock.

Capitalist drive-bye on shareholders. If they can get more, they should resist!

Mpeace:
I do not know if its access bank or something else. But all my dividends that come through access bank always develop k-leg. I am yet to recieve my Totalenergies interim dividend since December.
Registrar says their record shows they paid me since 9th december. Access bank says that cannot be true. My account statement does not have a record of such payment. Note that I have had to call before getting most of my dividends from UBA and Ucap last year.

My UCAP dividend has entered my Access Bank account. Check yr account.

Payunsin:
Pls how is Transcorp performing on the exchange presently? My fbnquest platform is not working

- TRANSCORP is still on defensive side as at now.....
- selling btw 1.47/1.49 so far ......
- 29.4M bids against 81M offers....
- Looks like Tony was/is out to stabilize the share price.....
- 411M units done in transaction so far ....

** Offers reducing as at no 2.18pm.........sighted @1.51...

Ucap dividend just landed

yMcy56:

Mpeace, I don't think you need to fill any other form with the registrar.
Do your KYC with your broker, will be uploaded and updated on CSCS window, then every other thing should be fine.
That's what I think it is anyway.

* You may take further step to know more about this by making enquiry from your broker, CSCS or the registrar.

Thanks alot. I will do that. I call my broker. I seriously need to resolve it soonest.

Sterling Bank , No trade
Please what is going on.

eziokwunwoko:
Sterling Bank , No trade
Please what is going on.

Suspension.
Sterling is transiting to HOLDCO.