zendi:
I wonder why anybody who calls himself an investor would still be waiting to start sinking money in transcorp at present price levels.
Is it for the fear, that electricity could suddenly go out of style just because your money has gone into its stock?
Even if our petrodollar revenue should dry up completely, people will still be needing and using and paying for electricity.
However, if you are an acute short termite, perhaps gambling with school fees, or madam's meeting money,
having gotten all of your JIJO funds trapped in unlucky JIs, then this thought does not apply o.
Transcorp can still go down another 20-30 percent o.

You need to consider the value chain in the electricity business to understand the problem bedeviling that industry. Transcorp pays for the gas feed stock it uses to power its turbines in USD. There is an intermediary between Gencos and Discos for bills settlement. A lot of delays are encountered before Gencos receive payment for electricity generated. Gencos are owed billions of naira as at today. Hence, the need to resort to debt for opex and capex. Also note that machinery costs are dollar denominated so Gencos suffer the same problem manufacturing companies are currently groaning under. The Discos are suffering losses because of inefficient revenue collection from end users. They are also owed billions by govt agencies. The industry is highly regulated.

Even though Transcorp hotels plc is listed seperated, its result is incorporated in the Transcorp plc result. Believe me, any luxury hotel in Naija that is not running at a loss should probably have its finance director fired now. The guy no sabi book be that. Lol. Luxury hotels import almost everything. The CBN is not the source of their forex following the import prohibition list.

I wouldn't be surprised if a share reconstruction is in the offing too. The board might want to restructure capital to make the stock attractive to investors. Remember the board announced a merger of TUPL and UP plc all in a bid to create value. So restructuring is an agenda of the board BUT it might not involve a share reconstruction. Just saying it is a possibility.

Teragro should be the bride in the group now but it's still at its infancy. The deal with Cocacola to supply concentrates for the 5-Alive pulpy orange is a huge positive. Going forward, Teragro contribution to the group's top line and bottom line should improve.

Transcorp is still a good buy for the long term, as many other stocks are today. So I am just saying there are still hurdles to cross for transcorp because issue raised are still a source of concern. The business is good same way banking, oil n gas, services are. Na condition make crayfish bend.

Manonamission:


You need to consider the value chain in the electricity business to understand the problem bedeviling that industry. Transcorp pays for the gas feed stock it uses to power its turbines in USD. There is an intermediary between Gencos and Discos for bills settlement. A lot of delays are encountered before Gencos receive payment for electricity generated. Gencos are owed billions of naira as at today. Hence, the need to resort to debt for opex and capex. Also note that machinery costs are dollar denominated so Gencos suffer the same problem manufacturing companies are currently groaning under. The Discos are suffering losses because of inefficient revenue collection from end users. They are also owed billions by govt agencies. The industry is highly regulated.

Even though Transcorp hotels plc is listed seperated, its result is incorporated in the Transcorp plc result. Believe me, any luxury hotel in Naija that is not running at a loss should probably have its finance director fired now. The guy no sabi book be that. Lol. Luxury hotels import almost everything. The CBN is not the source of their forex following the import prohibition list.

I wouldn't be surprised if a share reconstruction is in the offing too. The board might want to restructure capital to make the stock attractive to investors. Remember the board announced a merger of TUPL and UP plc all in a bid to create value. So restructuring is an agenda of the board BUT it might not involve a share reconstruction. Just saying it is a possibility.

Teragro should be the bride in the group now but it's still at its infancy. The deal with Cocacola to supply concentrates for the 5-Alive pulpy orange is a huge positive. Going forward, Teragro contribution to the group's top line and bottom line should improve.

Transcorp is still a good buy for the long term, as many other stocks are today. So I am just saying there are still hurdles to cross for transcorp because issue raised are still a source of concern. The business is good same way banking, oil n gas, services are. Na condition make crayfish bend.

Your synopsis was very well narrated..



It is well.

debeey87:


Maybe you can tell us how he destroyed this country sir. If not keep your allegations to yourself and get ready to make some serious money

gbam.
everyone now turning themself to prophet.

locodemy:


Chief,The falling in price of stocks like zenith ,fbn,gtb and co does not mean they have financial problem.This is as a result of low oil prices,devaluation and other macro economic issues.Have you seen the nine months result of zenith bank?my brother the bank is very much capable despite the big outstanding OS.

why we want these stocks prices down is because we are targeting to become the CEO'S of tomorrow by buying into their shares as much as we can now.Time will come when zenith bank shares will become expensive and the good dividend paid by then will speak for us.

So go back and grab your copy now

if you are CEO of a company and your company makes 100 billion last year and loss 300 billion in value this year, please what will you do with your gain? Will you declare dividend or will you use part of the gain to build up your company value?

Once the economy of the country has problem, every thing within the country will be affected, the money most of the companies made last year will be used to build up during the tough time and days, because during the economic crisis, companies, factories will find it difficult to pay their workers and to manage their affair, for those expecting fat dividend this year, please take your mind off from the fat dividend, because you might not see at all, or at most little.

Born2berich:
After reading the last 3 pages, the overall summary is that the stock market is going to crash really badly....Na to go look for another thing be that.

but it has crashed already naa, see Fbh, Oando Etc

Are you jus getting to know. I spelled out that a financial holocaust is coming as declared by Bishop Oyedepo beginning of last yr, but the good part is that as the world is selling we are buying.

let's think business outside stock market to make enough money to invest in 2017

soloniger:
but the volumes traded this while are not much considering the foreign portfolio holdings, can recall the sale about 86, 000 units of dangcem moving its price 4% down, thanks for your response as I am learning

Thats why when you think the offers are drying up, they appear 4 times fold . Thread carefully even if your heart tells you something different . What is happening now is sell when you can . The answer was in response to the question asked . If you try to rationalize it, it may not make sense but do not go against the market . Simple message, the selling is not done yet . Don't console yourself trying to appropriate the size held by foreign to volume being sold . The sell off is not peculiar to out market .However the problem with our market is we do not have any kind of clarity as to where we are going with our economic policies . When international companies of repute like apple , tesla are all taking a beating,companies in a disorganized country will take more . While other countries are looking for solutions to ride out the hard times, we are discovering so many other problems and the truth of the matter is we are not ready for any solutions. Status quo must remain the same . The rich must get richer while the poor get poorer . Valuations for some companies are fantastic . If you can wait for a minimum of 2 years , do the needful. there is no going to be a quick turn around . Discipline in investing is that ability to have cash to invest and not be swayed by emotions . which do you prefer, buy GTB at 13 or buy at at 9 naira ? the choice is yours

manie:
Market is currently bloody, one can buy the whole of Skye Bank for about N15 billion which is about the cost of 30 average houses on Banana Island.

Buy the whole of FBNH for about N130 billion.

Buy the whole of UACN and her subsidiaries like CAPL, UPDC, Grand cereals, Livestock feeds, Portland paints, UAC foods etc for N33 billion.

Buy the whole of UAC property and their real-estate portfolio all over the country for just N8.5 billion.

These are definitely interesting times.

I have lost money, but I pray this trend will continue till the end of this quarter.

Sir Manie, I hope you are not eyeing Skye bank. you are a seasoned investor . Skye bank Paid N120 billion for mainstreet bank but market cap is now 13.7 billion and wants to raise 30 billion and $150 million dollars Tier 2 capital. that it looks cheap does not mean it has fundamentals . I need not say more

Reading this image below gives another episodes of life in terms of navigating about what tomorrow's hold for us. It is very true that life gives us dynamics reasons to ruminate on our ups and reflect about our downs and how to make it better. Yet, it hasn't stop surprising us that we can only ponder on the magic of today and anticipate about the miracles of tomorrow. In all, we should all think about what we ought to change not what's beyond our control! Only him alone can fulfill every desires of our heart. Let's have a blessed and joyous week ahead! When almighty God is involve, every mountain is surmountable.

UkwuAmu:


Sir Manie, I hope you are not eyeing Skye bank. you are a seasoned investor . Skye bank Paid N120 billion for mainstreet bank but market cap is now 13.7 billion and wants to raise 30 billion and $150 million dollars Tier 2 capital. that it looks cheap does not mean it has fundamentals . I need not say more

We have all read how the N120b was not paid

Manonamission:


You need to consider the value chain in the electricity business to understand the problem bedeviling that industry. Transcorp pays for the gas feed stock it uses to power its turbines in USD. There is an intermediary between Gencos and Discos for bills settlement. A lot of delays are encountered before Gencos receive payment for electricity generated. Gencos are owed billions of naira as at today. Hence, the need to resort to debt for opex and capex. Also note that machinery costs are dollar denominated so Gencos suffer the same problem manufacturing companies are currently groaning under. The Discos are suffering losses because of inefficient revenue collection from end users. They are also owed billions by govt agencies. The industry is highly regulated.

Even though Transcorp hotels plc is listed seperated, its result is incorporated in the Transcorp plc result. Believe me, any luxury hotel in Naija that is not running at a loss should probably have its finance director fired now. The guy no sabi book be that. Lol. Luxury hotels import almost everything. The CBN is not the source of their forex following the import prohibition list.

I wouldn't be surprised if a share reconstruction is in the offing too. The board might want to restructure capital to make the stock attractive to investors. Remember the board announced a merger of TUPL and UP plc all in a bid to create value. So restructuring is an agenda of the board BUT it might not involve a share reconstruction. Just saying it is a possibility.

Teragro should be the bride in the group now but it's still at its infancy. The deal with Cocacola to supply concentrates for the 5-Alive pulpy orange is a huge positive. Going forward, Teragro contribution to the group's top line and bottom line should improve.

Transcorp is still a good buy for the long term, as many other stocks are today. So I am just saying there are still hurdles to cross for transcorp because issue raised are still a source of concern. The business is good same way banking, oil n gas, services are. Na condition make crayfish bend.

This type of informed analysis is needed often here. You've
really strpped, disected and reassembled transcorp and their headaches.
Nevertheless, at present price............ !
Chai!! you no even bother to mention their undeveloped oil well(s).
crude oil don become worthless commodity! double chai!!!

bigjay01:


We have all read how the N120b was not paid

In fact paid with mainstreet's money from amcon, which was smart of skye if true.

http://www.nse.com.ng/Financial_NewsDocs/11864_FCMB_GROUP_PLC_-_Q3'15_INTERIM_CORPORATE_ACTIONS_JANUARY_2016.pdf

Intendy:
http://www.nse.com.ng/Financial_NewsDocs/11864_FCMB_GROUP_PLC_-_Q3'15_INTERIM_CORPORATE_ACTIONS_JANUARY_2016.pdf

this people na wayo

Intendy:

this people na wayo

Can't open it brv

Hehehe hit back to back FCMB

Where is Mercy

BnsiTL in fcmb, It Is Well O !

lancee:

Can't open it brv

try re downloading

Intendy:

try re downloading

The link doesn't work. Try posting it again pls

Intendy:

try re downloading

ok thanks

Intendy:
gbam. everyone now turning themself to prophet.

because i am

debeey87:


The link doesn't work. Try posting it again pls

http://www.nse.com.ng/Financial_NewsDocs/11864_FCMB_GROUP_PLC_-_Q3'15_INTERIM_CORPORATE_ACTIONS_JANUARY_2016.pdf

http://www.nse.com.ng/Financial_NewsDocs/11864_FCMB_GROUP_PLC_-_Q3'15_INTERIM_CORPORATE_ACTIONS_JANUARY_2016.pdf
well d key issue there is wait for audited by Jan ending

UBA early volume. this bank is fighting the bear very hard

Wellcome to the week of father's of bear's but let me ask who and who is buying unity&uba now ? dont come here and cry at end of this week

There appears to be similarities in delayed results. Any delayed results just run before asking questions

FCMB loss warning coming at this time; fcmb may park at Okoko garage

Agbalowomeri:
Hehehe hit back to back FCMB

Where is Mercy

Guy I no see anything. Wet in u see? We are taking over.

For all not in d bus..come and take it...div.



Modified-

I don die. See as div expectation turn to plenty turenchi.

http://nairametrics.com/boom-brent-crude-drops-to-27-after-iran-says-it-will-offer-discounts/

hmmm

For those that are unable to view the fcmb Interim Audit Update see below the write up:

FCMB Group Plc: Interim Audit Update
LAGOS, NIGERIA – 15 January 2016: FCMB Group Plc (Bloomberg: FCMB) announces the
fourth week in January for completion of the banking subsidiary's interim audit, which should
pave way for the release of the 3Q15 earnings results of FCMB Group Plc, before the end of
January 2016.
According to Peter Obaseki, the Managing Director of FCMB Group Plc, “3Q15 earnings as at
September 2015, will be materially below earnings for the same period in 2014, due to two
factors: a spike in impairments particularly in the energy sector and the significant reduction in
trade finance-related revenues due to foreign exchange illiquidity. This trend continued in
4Q15 and largely emanated from wholesale banking activities, while retail banking showed
greater resilience and earnings momentum. 2016 will be characterised by continued growth in
retail contribution, stabilisation of wholesale banking revenues and increased focus on cost
efficiencies (opex, funding and risk) in order to restore earnings levels".
Best wishes,
FROM: FCMB GROUP PLC.

PETERiCHY:


From 1st to 3rd quarter of next year NSE will be on slow and steady decline.

Those that think they are more optimistic than nature should remember that this govt no1 agenda is to fight CORRUPTION and those corrupt elements will start selling off their assets to bail out or go for plead bargain.

All this development will surely have a negative effect on the stock market.

So relax, sit back and plan wisely on where to invest your hard earned money because bcuz 2016 will be a terrible year for foolish investors.

Betterstill you can buy a piece of land from Pa.Emma.

As per the STOCK MARKET it is capital ZERO for now.

*ThE OcToPuS*

On 28th dec i dish the above words of knowledge for the discerning investors.

But one Sabinus tagged it a shameful analysis of the 21st century less than 3wks we can now see who is burying his head in shame

That's why the good old book says "My people perish due to lack of knowledge"

Patiently waiting at sub 20000 junction.

*ThE OcToPuS*

I warned some few weeks ago that any company that delays in releasing its result is definitely going to release something bad...Oando is a case study...Now see the story the board of FCMB is releasing to the NSE about the delayed result. This is a sign that whoever has shares in this stock should be prayerful. The good news is that the result will be released this January.

People should learn alot from oando saga and start using their brains...Leave sentiments alone if you dont wanna lose money too much in this market.