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View Poll Results: Tanscorp IPO is it worth buying into?
Yes 6 54.55%
No 5 45.45%
Voters: 11. You may not vote on this poll

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  #2101 (permalink)  
Old 17th July 2012, 05:06 PM
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Default Re: Transcorp

Quote:
Originally Posted by solo66 View Post
Last updated: 17 July 2012 Compliance Unit, Listings Regulation Department
RESULT ANNOUNCEMENT
TRANSNATIONAL CORPORATION OF NIGERIA PLC
July 17, 2012
Unaudited Q2 Results (June 30, 2012)
Consolidated Statement of Income
Revenue 30-06-12 N788.752m 30-06-11 N1.249b Audited 13-12-11 N2.833b Cost of Sales 12 Nil 11 Nil Audited 11 Nil Gross Profit 12 N788.752m 11 N1.249b Audited 11 N2.833b Other Gain & (loss) 12 N3.991m 11 N102,000 Audited 11 Nil Admin Expenses 12 (N487.866m) 11 (N438.182m) Audited 11 (N1.452b) Operating Profit 12 N304.877m 11 N810.781m Audited 11 N1.382b Finance Income 12 N967.559m 11 N861,000 Audited 11 N17.492m Finance Costs 12 (N220.435m) 11 (N127.628m) Audited 11 (N259.754m) Net Finance Income/(Costs) 12 N747.124m 11 (N126.767m) 12 (N242.262m) Profit before income Tax 12 N1.052b 11 N684.014m Audited 11 N1.139b Taxation 12 (N112.069m) 11 (N136.803m) Audited 11 (N361.516m) Profit for the Period 12 N939.932m 11 N547.211m Audited 11 N777.909m Total Comprehensive Income 12 N939.932m 11 N547.211m Audited 11 N777.909m
Consolidated Statement of Financial Position
Property, Plant & Equipment 12 N563.974m 11 N543.357m Investment in Subsidiaries 12 N20.678b 11 N20.677b Inventories 12 Nil 11 Nil Trade & Other Receivables 12 N3.126b N1.830b Cash and Cash Equivalents 12 N2.490b 11 N135.526m Financial Assets 12 N1.846b 11 N100.000m Trade & Other Payables 12 N85.478m 11 N276.107m Short term Borrowings 12 N1b 11 N259.111m Taxation 12 N159.964m 11 N126.187m Inter-company Payable 12 N7.034b 11 N4.198b Long term Borrowing 12 N2.496b 11 N2.094b Provisions 12 N1.991b 11 N2.091b Working Capital 12 (N2.811b) 11 (N4.884b) Net Assets 12 N15.935b 11 N14.241b


Why is this stock worth N1.00k/share?
Maybe there's a "Tony" discount?
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  #2102 (permalink)  
Old 20th July 2012, 01:06 PM
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Default Re: Transcorp

PHCN: Transcorp, others beat deadline
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  #2103 (permalink)  
Old 22nd July 2012, 07:30 AM
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Default Re: Transcorp

Transcorp to accelerate growth with strategic policies
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  #2104 (permalink)  
Old 26th July 2012, 05:56 PM
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Default Re: Transcorp

Transcorp Plc announces the retirement of Chief O. B. Lulu-Briggs - Proshare
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  #2105 (permalink)  
Old 8th September 2012, 07:43 AM
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Default Re: Transcorp

The cycle of transcorp will not be forever & tink it is a good stock expecially if you can have a long term view. Personally I am waiting for it go as low as possible but I will have to pick a good quantity b4 the release of 3rd quater result and hold it at least till their audited is released
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  #2106 (permalink)  
Old 8th September 2012, 01:53 PM
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Default Re: Transcorp

Quote:
Originally Posted by pegheneji View Post
The cycle of transcorp will not be forever & tink it is a good stock expecially if you can have a long term view. Personally I am waiting for it go as low as possible but I will have to pick a good quantity b4 the release of 3rd quater result and hold it at least till their audited is released
Hmmm............It would seem the second ride is drawing Nearer and Nearer
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  #2107 (permalink)  
Old 25th September 2012, 07:25 PM
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Default Re: Transcorp

Transcorp Consortium wins bid for the acquisition of Ughelli Power Plant


Transcorp Consortium wins bid for the acquisition of Ughelli Power Plant - Proshare
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  #2108 (permalink)  
Old 4th October 2012, 09:35 PM
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Default Re: Transcorp

Without a doubt, Transcorp has shown that it has the potential to become a great company/conglomerate, but then there is the Tony Elumelu factor( going by his antecedents at UBA)

With the way the price of the stock is moving northwards in recent times, it is difficult to really say what the true worth of the stock is.

The way things are going i see a situation where it may not go below N1 again not to talk of parking at the bus stop, like it did for most of 2011.
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  #2109 (permalink)  
Old 16th October 2012, 12:33 PM
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Default Re: Transcorp

http://www.nse.com.ng/Financial%20Ne...BER%202012.pdf
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  #2110 (permalink)  
Old 16th October 2012, 02:59 PM
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Default Re: Transcorp

Quote:
Originally Posted by Dicobody View Post
TRANSCORP declares N1.5b PAT in Q3 '12 result,(SP:N1.18k) - Proshare
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  #2111 (permalink)  
Old 16th October 2012, 03:07 PM
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Default Re: Transcorp

Just looked at this result, pls what translates to finance income for a coy like TRANSCORP? Do they place monies with banks or do they trade on financial instruments or stocks?
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  #2112 (permalink)  
Old 16th October 2012, 03:29 PM
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Default Re: Transcorp

Quote:
Originally Posted by overload View Post
Just looked at this result, pls what translates to finance income for a coy like TRANSCORP? Do they place monies with banks or do they trade on financial instruments or stocks?
Yes, I think this is interest income from bank placement.
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  #2113 (permalink)  
Old 16th October 2012, 03:39 PM
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Default Re: Transcorp

it is pleasing to note that they are filling result as at when due.
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  #2114 (permalink)  
Old 31st December 2012, 12:44 PM
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Default Re: Transcorp

Abeg, what driving the volumes am seeing on this one?

Abi TOE don arrange to pay the dividend this year end?
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  #2115 (permalink)  
Old 7th January 2013, 11:02 AM
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Default Re: Transcorp

Does anyone have details of the proposed Transcorp Share/Capital Reconstruction? Please educate the house.
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  #2116 (permalink)  
Old 7th January 2013, 11:11 AM
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Default Re: Transcorp

Quote:
Originally Posted by PropTrader View Post
Does anyone have details of the proposed Transcorp Share/Capital Reconstruction? Please educate the house.
Tell me it is not true....
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  #2117 (permalink)  
Old 7th January 2013, 11:19 AM
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Default Re: Transcorp

Quote:
Originally Posted by PropTrader View Post
Does anyone have details of the proposed Transcorp Share/Capital Reconstruction? Please educate the house.
Quote:
Originally Posted by horlads View Post
Tell me it is not true....
What am I heariing?

Why will they be interested in any share reconstruction?

Ok let me ask my friends in Heirs Holding if there is any such plan cos na them they manage all TOE investments for which Transcorp is their biggest baby
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  #2118 (permalink)  
Old 7th January 2013, 11:24 AM
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Default Re: Transcorp

Quote:
Originally Posted by overload View Post
What am I heariing?

Why will they be interested in any share reconstruction?

Ok let me ask my friends in Heirs Holding if there is any such plan cos na them they manage all TOE investments for which Transcorp is their biggest baby
It actually appears they are considering it. Just found in their 2011 annual reports that one of the committees was mentioned to have deliberated on it. I will wait till they are done with the abracadabra before I consider buying....

Please do ask your friends in HH...
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  #2119 (permalink)  
Old 7th January 2013, 01:29 PM
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Default Re: Transcorp

Quote:
Originally Posted by horlads View Post
It actually appears they are considering it. Just found in their 2011 annual reports that one of the committees was mentioned to have deliberated on it. I will wait till they are done with the abracadabra before I consider buying....

Please do ask your friends in HH...
I was expecting that. I am not surprise. I run away from companies that have large shares except bank stocks.
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  #2120 (permalink)  
Old 8th January 2013, 10:40 AM
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Default Re: Transcorp

It would be difficult to pay dividends due to high negative reserves on the books. Share reconstruction provides a way to accelerate the payment of dividends to shareholders in the near future.
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