perfectgen:
Before recapitalisation, Oceanic and Intercontinental banks looked like one of rhe best places to expect steady flow of bonuses and dividends, yet we lost almost everything invested there. I can never make long term investment without watching what's happening in the market again. I felt I was insured by investing well, but long-term outlook seems not good enough in NSE where we have so many leeways through which boards can play shareholders, without any reprimand; Oando is another example

we win some,we lose some.....had oceanic bank and zenith Bank the same time.
The nse can be unpredictable.

OBAGADAFFI:


Tony Owns more shares in Transcorp through Heirs Holdings

Thanks I thought as much, that Tony should have more Transcorp than Femi.

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/

locodemy:


Transcorp and Lasaco are 2 stocks I have missed in 2023.

With patience, I will be consoled with the 2 I have in due time.

Chai....
It was you and mcy56 the that drag lasaco to my attention. I got some afolabi quantity but share reconstruction make me cry.. I wanted to sell at loss and move on, but one day my gut told me hold lasaco and recover your hard earned cash.
So I hold , frustrated last year with the results, but smiling in 2023.
#PatienceIsTheKeyInNSE

BabsO2:


Thanks I thought as much, that Tony should have more Transcorp than Femi.

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/

Who owns what shouldn't be much of a concern.
Our goal as investors is to align accordingly and tap from what would be in it for us.
...this should take higher precedence.

The rise in the price of TRANSCORP could potentially set it off to N2.
I foresee the likelihood of a "bidding war" with a positive would-be impact on the investing public. (shareholders)

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.

Expect something similar (perhaps even more) with TRANSCORP.
A lot is going on at the background in the power and oil & gas sectors.

Again, NOT to be inferred as an investment advice.

So with just 3.1billion naira Otedola becomes majority shareholder in transcorp with all its assets including power generation firms, hotel, and oil wells to mention a few.

BabsO2:


Thanks I thought as much, that Tony should have more Transcorp than Femi.

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/

Mpeace:
So with just 3.1billion naira Otedola becomes majority shareholder in transcorp with all its assets including power generation firms, hotel, and oil wells to mention a few.

I did similar calculation last year, when TRANSCORP was trading around 97k to 1 naira. In my mind, I was like.. so if I have like 2B naira I can become a majority shareholder in the company. Money sweet oo

I am smiling at this Transcorp jackpot for some of you but we the long timers that came in during IPO around Ndi Okereke's time still have our haircut yet to grow back.
I just hope that it will keep picking up; maybe we can make our investment capitals back

onegentleguy:


Who owns what shouldn't be much of a concern.
Our goal as investors is to align accordingly and tap from what would be in it for us.
...this should take higher precedence.

The rise in the price of TRANSCORP could potentially set it off to N2.
I foresee the likelihood of a "bidding war" with a positive would-be impact on the investing public. (shareholders)

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.

Expect something similar (perhaps even more) with TRANSCORP.
A lot is going on at the background in the power and oil & gas sectors.

Again, NOT to be inferred as an investment advice.

Thanks for sharing this, I make up to $100 weekly from publishing book on Amazon but I would also like to learn this your business, Also, if you would like to learn how I do mine, I can send you a free video that is going to teach you how to do it, you can reach me on WhatsApp number 0901366724. My name is Haric.

Heanry:
interested

perfectgen:
I am smiling at this Transcorp jackpot for some of you but we the long timers that came in during IPO around Ndi Okereke's time still have our haircut yet to grow back.
I just hope that it will keep picking up; maybe we can make our investment capitals back

Subscribed to the high priced IPO also. It was painful seeing the price drop subsequently. Despite some hype floating around that time.

Have averaged down at various times. And took profit a little, at a time when some I bought at a lower price went up. Still bought some last quarter.

Could there be any impact on the increased 3rd party insurance fee from 5k to 15k per annum on insurance sticks like Aiico. Your suggestion please.

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....

yMcy56:

Not true.
UBA Nominees is still the single 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....

But no one knows who UBA nominees is. For all we know, UBA nominees might be made up of a consortium of shareholders. Ote$ is still the largest individual shareholder in Transcorp today as we speak and if he wants to vex, he can begin fight with TOE. I'm just surprised at how Elumelu owns such a tiny stake in Transcorp and yet he is so powerful in the company's affairs.

UBA Q1, 2023 fine print.

That coy needs to reprise to cover up for the wide margin of deviance from intrinsic valuation.

It is well

Oga onegentleguy, thank you, but please easy with your big english for those of us who are newbies...

onegentleguy:
UBA Q1, 2023 fine print.

That coy needs to reprise to cover up for the wide margin of deviance from intrinsic valuation.

It is well

Olaide1295:
I’ve been adding on more commercial papers than stocks to my portfolio recently.
Im wondering, has anyone ever done a bond vs stock result comparison for their portfolio over a period of say 10-15 years of the NSE.
Which performed better?
Equities like Zenith, Ucap etc yields are about 12-13% now. Bonds & Commercial papers are between 13 - 16%.
Which is better?

I may be wrong, but I think I heard bonds from one of the episodes of the Value Nigeria podcast, ask Dr. Awo

The Central Bank of Nigeria (CBN) has announced new guidelines on the management of dormant accounts and unclaimed balances in banks.

The apex bank has created a designated account, the "Unclaimed Balances Trust Fund Pool Account," where it will collect all eligible accounts balances that have been dormant for ten years or more. The eligible accounts include current, savings, and term deposits in local currency, domiciliary accounts, proceeds of uncleared financial instruments, and unclaimed salaries and wages, among others. The CBN said it would invest the funds in Nigerian treasury bills and other approved securities and return them to the beneficiaries within ten days of a request.

The new guidelines take effect immediately, and any bank or financial institution that contravenes them will be fined.

ositadima1:
The Central Bank of Nigeria (CBN) has announced new guidelines on the management of dormant accounts and unclaimed balances in banks.

The apex bank has created a designated account, the "Unclaimed Balances Trust Fund Pool Account," where it will collect all eligible accounts balances that have been dormant for ten years or more. The eligible accounts include current, savings, and term deposits in local currency, domiciliary accounts, proceeds of uncleared financial instruments, and unclaimed salaries and wages, among others. The CBN said it would invest the funds in Nigerian treasury bills and other approved securities and return them to the beneficiaries within ten days of a request.

The new guidelines take effect immediately, and any bank or financial institution that contravenes them will be fined.

They want to loot this ones as they are done borrowing. This man need to be sacked

beejay1:
https://doclib.ngxgroup.com/Financial_NewsDocs/38214_TRANSNATIONAL_CORPORATION_PLC-TRANSNATIONAL_CORPORATION_PLC_ANNOUNCEMENT_CORPORATE_ACTIONS_APRIL_2023.pdf

After this statement. The war is about to start we saw it in FBN

BabsO2:


Some stocks return more than bonds, while some don't. And some stocks even dissappear completely. Not a straight answer that one will be better than the other.

I’m talking about overall portfolio comparison in hindsight (not single stock picks).
If you compare your stock returns over the past 10 years vs bonds return in same period. Which performed better?

beejay1:
https://doclib.ngxgroup.com/Financial_NewsDocs/38220_UNITED_BANK_FOR_AFRICA_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2023.pdf

I was about to let go tomorrow. I will wait and see what happens since I got in at 6 plus.i will collect this one dividend

beejay1:
Oga onegentleguy, thank you, but please easy with your big english for those of us who are newbies...

So you are the newbie?
It's alright... Quantinue.

Regards bro

yMcy56:

Not true.
UBA Nominees is still the single 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....

Do you think the stock will rise with this news

yMcy56:

Not true.
UBA Nominees is still the single 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....

Do you buy Nigerian stocks for long term or you short term?

beejay1:
https://doclib.ngxgroup.com/Financial_NewsDocs/38220_UNITED_BANK_FOR_AFRICA_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2023.pdf

UBA and audio earnings

They are more like a custodian company for debt and equity. Seems a lot of the tier one banks have such in their portfolio. Stanbic IBTC asset management limited uses Uba nominee's account to receive money from investors for some of the funds they manage like the money market fund.

https://www.ubagroup.com/investor-relations/global-investor-services/

Lion123:


But no one knows who UBA nominees is. For all we know, UBA nominees might be made up of a consortium of shareholders. Ote$ is still the largest individual shareholder in Transcorp today as we speak and if he wants to vex, he can begin fight with TOE. I'm just surprised at how Elumelu owns such a tiny stake in Transcorp and yet he is so powerful in the company's affairs.

Agbalowomeri:


UBA and audio earnings

Good result but could have been better if other expenses were kept in check. The other expenses part off me Sha. In a quarter where there was no cash, they still spent more on securing and handling of cash. I

debeey87:


Good result but could have been better if other expenses were kept in check. The other expenses part off me Sha. In a quarter where there was no cash, they still spent more on securing and handling of cash. I

If quarterly cash transactions is looked at closely, the currency change taking place in January, naturally meant a lot of old money was returned and the given new ones by CBN dispatched to customers. This need to be handled. And would have resulted in a spike in activities in 2023Q1 with respect to cash handling than other quarters like 2022 Q1 to Q3.

Banks had to work extra at weekends in 2023Q1 to handle this cash movements.

Olaide1295:

I’m talking about overall portfolio comparison in hindsight (not single stock picks).
If you compare your stock returns over the past 10 years vs bonds return in same period. Which performed better?

It's surprising that you would ask such a question, considering the vast number of portfolio options available.

With an assumed constant of 150 stocks over the past decade, there could have been over 1 trillion (1 x 10 to power 15) unique portfolios consisting of 10 stocks each, each with its own diverse returns.

It wouldn't even make sense to compare bonds and the NSE index (which can be done) since it's not feasible to purchase the entire stock market.

Based on some research, I couldn't find a study related to NGX and Nigerian bonds though, but typically stocks have provided higher returns than bonds, despite being riskier.

One study I found of US stock portfolios vs bonds:
https://web.archive.org/web/20200709083020/https://digitalcommons.georgiasouthern.edu/cgi/viewcontent.cgi?article=1120&context=sbr

How far buying TRANSCORP @1.69 today...is it advisable?