Transcorp

[hispy99]

Originally Posted by Apache

Well, since financial giants have not become father christmas, it most probably a loan. More debts for the new investors

Interesting....which bank(s) will give them N18B, when the prized asset, "NITEL", (is it still a prized asset? NITEL might become irrelevant before our eyes) is comatose?

[bj5]

mine is a bit different. i have 30,000units of xcorp shares bought with borrowed money during the ipo last year. what's the best thing i do with the stuffs?

[olusolakemmy]

Originally Posted by bj5

mine is a bit different. i have 30,000units of xcorp shares bought with borrowed money during the ipo last year. what's the best thing i do with the stuffs?

YOU HVE made enough losses, about 200% on your tcorp investment, well just know that you are not alone.
what to do? the whole scenario is worst now that we are all heading for the rocks!!!!!!!!!!!
i will not tell you what to do but will tell you what i did with mine, i held on to it and regard it as a total loss, i plan to recover the losses from other shares in my portfolio.

[faoogoke]

Originally Posted by hispy99

Where did they get N18B from...that is my first question.

To add to hispy's question, what have they done with all the monies they raised during the ipo?

[samu43]

Originally Posted by bj5

mine is a bit different. i have 30,000units of xcorp shares bought with borrowed money during the ipo last year. what's the best thing i do with the stuffs?

ol boy e Advice on this one will certainly be a tall order.

Perhaps, best leaving this to the main gurus in the house to comment...

[kenebobo]

Originally Posted by bj5

mine is a bit different. i have 30,000units of xcorp shares bought with borrowed money during the ipo last year. what's the best thing i do with the stuffs?

If i were the one I would have sold transcorp and recover what is left of my money cos this share has a probability of reaching coins level if you know what i mean. This business is a two way thing, either you win or lose.

[olobade]

Originally Posted by bj5

mine is a bit different. i have 30,000units of xcorp shares bought with borrowed money during the ipo last year. what's the best thing i do with the stuffs?

I will advice you keep it if you don't need the money but if you have good stock to invest in and you don't have alternative then you can sell it. As for me, I bought 20,000unit@7.5 in the IP0, 24,000@4.5, and last week another 20,000unit@2.56. All still in my portfolio and I will only sell if I need to invest in another stock and I dont have other alternative.

[fredski]

Originally Posted by olusolakemmy

YOU HVE made enough losses, about 200% on your tcorp investment, well just know that you are not alone.
what to do? the whole scenario is worst now that we are all heading for the rocks!!!!!!!!!!!
i will not tell you what to do but will tell you what i did with mine, i held on to it and regard it as a total loss, i plan to recover the losses from other shares in my portfolio.

DITTO only wish I could convert this to T-paper. Would come in most usefull in my toilet for you know what...... though would take any oppotunity to dump but not holding my breath

[BLUEMONEY]

Originally Posted by faoogoke

To add to hispy's question, what have they done with all the monies they raised during the ipo?

i thought the IPO was undersubcribed ??? so i dont they will have much cash at hand.

[zainabusman]

Originally Posted by BLUEMONEY

i thought the IPO was undersubcribed ??? so i dont they will have much cash at hand.

Yes the subscription level was about 38%. Imagine. This was even when PO's were popular. Hm. I guess NIgerians understood the political risk hanging over this company.

I adviced my friends against buying the PO. Some did not listen. At least two of them are still holding on to it. Some times u have to take a loss and move on.

[nico]

pls.i want to know what happened to the shares i bought from bankphb, i applied for 25,000 units for which i paid for but i only received 22,475 units and no money was returned to me.could you help me find out.

[waaan5]

Originally Posted by nico

pls.i want to know what happened to the shares i bought from bankphb, i applied for 25,000 units for which i paid for but i only received 22,475 units and no money was returned to me.could you help me find out.

Nico, Bank PHB has not returned any body's money (to my knowledge). There is the rumor they are looking for a creative way to absorb all the money (ala Japaul) and there is this news that they are arranging for a shareholder meeting sometime in July to ask shareholders for permission to offer some units to an identified investor. I do not see them returning some people's money and at the same time offering new units to the other. So you may be in luck for full allotment. Just hold on for a little longer.

That said, pls try posting in the appropriate section (in this case bank PHB discussion folder) next time for quicker attention.

[threecrown]

Originally Posted by zainabusman

Yes the subscription level was about 38%. Imagine. This was even when PO's were popular. Hm. I guess NIgerians understood the political risk hanging over this company.

I adviced my friends against buying the PO. Some did not listen. At least two of them are still holding on to it. Some times u have to take a loss and move on.

Though people are bound to make mistakes but what suprises me is when people see other good alternative opportunities, got advice from others and still go ahead into some investments. I also warned some friends but men the image transcop was potraying then was irresistable for many people. I never believed in Transcop but if she does well tomorrow, i wont have any regret. This is personal anyway.

[hispy99]

Originally Posted by zainabusman

Yes the subscription level was about 38%. Imagine. This was even when PO's were popular. Hm. I guess NIgerians understood the political risk hanging over this company.

I adviced my friends against buying the PO. Some did not listen. At least two of them are still holding on to it. Some times u have to take a loss and move on.

True. People get emotionally attached or do not want to admit that a mistake has been made. We have all made investment mistakes and my philosophy is to recognize when I have made one and just move on.

[knightofdelta]

Kai, to think that I almost bought into the PO then. I got the news/rumor that Dangote, who was supposed to be one of the power money brokers behind the company pulled out and then was begged to come back in. When I heard that, I knew something was wrong somewhere and I ran away as far as my cheetah legs could carry me.

For those that have it, I will just say hold on to it for now. The company is down and battered and maybe they will wake up. How soon, no one knows but hopefully soon. As I have said before, no babalawo can make me invest into this company ever again, after losing some money late last year, except they spin off subsidiaries that will be easier to manage.

[tonidol]

Originally Posted by nico

pls.i want to know what happened to the shares i bought from bankphb, i applied for 25,000 units for which i paid for but i only received 22,475 units and no money was returned to me.could you help me find out.

Please post your question on BankPHB thread.

[solainvest]

SUNDAY TRIBUNE - Boardroom Moguls

[kenebobo]

Originally Posted by solainvest

SUNDAY TRIBUNE - Boardroom Moguls

News about this company is getting too many these days.

[Articulate]

Originally Posted by hispy99

True. People get emotionally attached or do not want to admit that a mistake has been made. We have all made investment mistakes and my philosophy is to recognize when I have made one and just move on.

The news is just to keep hope alive. The company is in a state of comatose. I bought 50,000 shares and I have a worthless piece of paper called ‘share certificate’ which I have not be able to verify for over a year. It is very tragic that Transcorp could turn out to be such a monumental disaster. If you cannot verify your certificate, how do you cut your loss and move on?

In investment, you lose some and you win some. Around the same time I picked two million Aso Savings shares for N1 million. It is the best bargain I have had so far.

[Babs_O]

Originally Posted by Articulate

The news is just to keep hope alive. The company is in a state of comatose. I bought 50,000 shares and I have a worthless piece of paper called ‘share certificate’ which I have not be able to verified for over a year. It is very tragic that Transcorp could out to be such a monumentat disaster. If you cannot verify your certificate, how do you cut your loss and move on?

In investment, you lose some and you win some. Around the same time I picked two million Aso Savings shares for N1 million. It is the best bargain I have had so far.

They use Afribank Registrars. The worst registrars. They have not verified May & Baker for me in 10 months. They even said bankers authorised signature (1 out of 2) was irregular. Useless Afribank Registrars. Transcorp should change their registrars to First Registrars !