Transcorp

[hispy99]

http://www.thisdayonline.com/nview.php?id=123286

[hispy99]

"Copyright infringement"

[hispy99]

"Copyright infringement"

[citizen]

You guys have to know one thing. Transcorp is a government backed scam. What that means that though it has no financials and was not even eligible to be quoted on the stock exchange(no 5 year reports before quotation) it was still floated. Why Tom iseghohi is still confident and talking big is because they are not actually just losing 29% of NITEL--- They will be actually be paid cash for reducing their stake( which can settle half of their current debts ) plus they still have 20% + stake in an obviously undervalued company. In case you gus do not know most of all the GSM companies still use NITEL switches(+ SAT3 ). NITEL actually makes money but as a classical govt. company it is not paid for it's services. Except for Glo laying an alternative Sat-3 cable and the excess cash of the Arabs( Zain-kuwait, Etisalat- Dubai); NITEL can still be profitable.
If you guys can remember they owed SAT-3 over 300 million dollars at a time and it was paid by a shareholder(to be refunded by Transcorp at a later date). No business man will loose such money if he does not think the company has a future. As all you guys are selling some blokes are buying huge swathes to take over the company by March next year when the sale of NITEL sails through

[hispy99]

Originally Posted by citizen

You guys have to know one thing. Transcorp is a government backed scam. What that means that though it has no financials and was not even eligible to be quoted on the stock exchange(no 5 year reports before quotation) it was still floated. Why Tom iseghohi is still confident and talking big is because they are not actually just losing 29% of NITEL--- They will be actually be paid cash for reducing their stake( which can settle half of their current debts ) plus they still have 20% + stake in an obviously undervalued company. In case you gus do not know most of all the GSM companies still use NITEL switches(+ SAT3 ). NITEL actually makes money but as a classical govt. company it is not paid for it's services. Except for Glo laying an alternative Sat-3 cable and the excess cash of the Arabs( Zain-kuwait, Etisalat- Dubai); NITEL can still be profitable.
If you guys can remember they owed SAT-3 over 300 million dollars at a time and it was paid by a shareholder(to be refunded by Transcorp at a later date). No business man will loose such money if he does not think the company has a future. As all you guys are selling some blokes are buying huge swathes to take over the company by March next year when the sale of NITEL sails through

How can they take over the company next year March when the core investor will own 51%?

[Michael]

Originally Posted by citizen

You guys have to know one thing. Transcorp is a government backed scam. What that means that though it has no financials and was not even eligible to be quoted on the stock exchange(no 5 year reports before quotation) it was still floated. Why Tom iseghohi is still confident and talking big is because they are not actually just losing 29% of NITEL--- They will be actually be paid cash for reducing their stake( which can settle half of their current debts ) plus they still have 20% + stake in an obviously undervalued company. In case you gus do not know most of all the GSM companies still use NITEL switches(+ SAT3 ). NITEL actually makes money but as a classical govt. company it is not paid for it's services. Except for Glo laying an alternative Sat-3 cable and the excess cash of the Arabs( Zain-kuwait, Etisalat- Dubai); NITEL can still be profitable.
If you guys can remember they owed SAT-3 over 300 million dollars at a time and it was paid by a shareholder(to be refunded by Transcorp at a later date). No business man will loose such money if he does not think the company has a future. As all you guys are selling some blokes are buying huge swathes to take over the company by March next year when the sale of NITEL sails through

Any Company can be a good stock if the price is low enough! The Only question now is "has the price fallen enough" and even if it has, what will stop it falling more in the current market.

[kingojames]

what will happen to our stocks when a core investor finally takes over d 51% of transcorp?When would someone like me plan to sell.i bought this stock at 2.99 and i am very heavy on it.I've been hearing rumours about changes in its position any time from Mar '09.Any analysis will help.

[iyke-d]

How can they take over the company next year March when the core investor will own 51%?

I believe he meant take over Transcorp, not NITEL. I don't agree with the premise of his argument, but it has some validity. If for whatever reason NITEL's new valuation turns out to be in the range of $2 billion or more, meaning Transcorp will receive enough cash back to payoff the NITEL loans while still retaining a 22% stake. If such a scenario happens, the NITEL deal may very well turn out to be a sweet one for Transcorp afterall. In any case, thats a big gamble and my best hope is that Transcorp evens out at the end of the day on NITEL.

Its encouraging too that the eventual sale of NITEL is being pushed to April time frame as this gives Transcorp more time to complete the ongoing transformation which hopefully will be reflected in the final valuation in the months ahead.

[kingojames]

http://groups.yahoo.com/group/Naija-news/message/5531

[hispy99]

http://www.punchng.com/Article-print...00810232352817

[chrisekpo]

transcorp is alive and will spring up surprises wen the mkt rebounds, believe meah guys transcorp and dunlop are the two stocks which i believe will srprise investors by 1st quater of next year. the only problem is that am yet to see a raw financial data of transcorp, to be able to base my projections on. as for dunlop....
watchout guys

[hispy99]

Originally Posted by chrisekpo

transcorp is alive and will spring up surprises wen the mkt rebounds, believe meah guys transcorp and dunlop are the two stocks which i believe will srprise investors by 1st quater of next year. the only problem is that am yet to see a raw financial data of transcorp, to be able to base my projections on. as for dunlop....
watchout guys

Can you please share with us the basis of your analysis on transcorp?

[anekwlc]

Originally Posted by chrisekpo

transcorp is alive and will spring up surprises wen the mkt rebounds, believe meah guys transcorp and dunlop are the two stocks which i believe will srprise investors by 1st quater of next year. the only problem is that am yet to see a raw financial data of transcorp, to be able to base my projections on. as for dunlop....
watchout guys

Please share with us the data you have for Dunlop.

[Babs_O]

Originally Posted by anekwlc

Please share with us the data you have for Dunlop.

Or is it the latest govt pronouncement on duties..... Thought could give a +ve boost to Dunlop if implementation reaches it.

[hispy99]

http://www.sturvs.com/News_Politics/...L_IPO_on_hold/

[hispy99]

http://www.sadcnigeria.org/workshop_details.php?id=25

[faoogoke]

My fear for nitel's proposed sale is the recent financial crisis that has evneloped much of the world. The banks that would provide the credit needed to buy nitel are in the red and are only being boosted by their respective governement coupled with the attendant high cost of raising fund.
I will not be surprised if the sale do not sail through.

[iyke-d]

My fear for nitel's proposed sale is the recent financial crisis that has evneloped much of the world. The banks that would provide the credit needed to buy nitel are in the red and are only being boosted by their respective governement coupled with the attendant high cost of raising fund.
I will not be surprised if the sale do not sail through.

I have been thinking the same thing lately. If the credit crisis do not improve by the end of the year and a deeper global recession sets in, NITEL might as well kiss a new buyer good bye. If that was to happen, one can only hope then that Transcorp's latest transformation plan for NITEL is sufficient to give it a much needed blood transfusion.

[hispy99]

http://www.punchng.com/Article-print...00810232352817

[hispy99]

"Copyright infringement"