Transcorp, Dead or Alive?

[phemmie06]

I am sure Nitel and M-tel are not the only company which transcorps acquire,why is it that the management of transcorps are only concern about Nitel and M-tel alone.We need to know more about their investments and the others company which they have acquire.

[prince dagbolu]

Originally Posted by phemmie06

I am sure Nitel and M-tel are not the only company which transcorps acquire,why is it that the management of transcorps are only concern about Nitel and M-tel alone.We need to know more about their investments and the others company which they have acquire.

We kind of know that Hilton International trusted the management of Transcorp enough to give them 5 Billion dollars to manage in Africa. Apart from that. Nitel and M-Tel are the biggest business in their potfolio. That is why.

[hispy99]

Originally Posted by prince dagbolu

We kind of know that Hilton International trusted the management of Transcorp enough to give them 5 Billion dollars to manage in Africa. Apart from that. Nitel and M-Tel are the biggest business in their potfolio. That is why.

I doubt if Hiton International gave them $5B to manage. Most likely, Transcorp will have to source the funds to build the hotels and hilton will help to manage the hotels

[dannynoko]

On Transcorp- please could asomeone pass this message to the CEO and his CFO, that investors need to see atleast quarter results if not the FS y/end result of this company. Why does his team bother themselves with these diclosure? For the fact that he is getting his salary paid does not mean investors are not concerned with the turn of events here. Only God go save us..........worst investment I have made in my life.

[hispy99]

NITEL: NCP invites BNP Paribas for negotiation
By Everest Amaefule
Published: Monday, 1 Sep 2008

The Technical Committee of the National Council on Privatisation has invited BNP Paribas Consortium for negotiations on modalities for the sale of the Nigerian Telecommunications Limited and its mobile subsidiary, Nigerian Mobile Telecommunications Limited.

This followed the approval of the appointment of the consortium as the adviser to the Bureau of Public Enterprises on the planned sale of the some shares of the company belonging to the Federal Government and Transnational Corporation.

However, the details of the deal, which has been approved by the Federal Executive Council is yet to be ironed out and forms the focus of the meeting between the consulting firm and NCP Technical Committee headed by Mr. Mohammed Hayatudeen.

Spokesman for BPE, Mr. Chigbo Anichebe, confirmed the invitation extended to BNP Paribas by NCP in a telephone interview with our correspondent in Abuja on Monday.

During the negotiation, the consortium and the Federal Government are expected to agree on certain critical issues including the timeframe for the transaction.

BNP Paribas had on July 31 beaten three other contenders to emerge the preferred bidder for the job of advising the Federal Government on the resale of 51 per cent equity in NITEL and M-Tel contributed by both the government and Transcorp.

Government will yield 22 per cent of its current holding in the company while Transcorp will yield 29 per cent of its stake to make up 51 per cent equity that will be sold to a new core investor.

The four consortia that emerged successful at the technical bid were Lazard/Vetiva Consortium, Renaissance/BGL Corsortium, BNP Paribas Consortium and Rothschild/UBA Consortium.

Although BNP Paribas had emerged third in the technical bid evaluation, it took the number one spot with 82.48 per cent after equalisation of the financial and technical bids scores. The consortium offered the lowest cost of about $3.5m.

However, BNP Paribas was only pronounced the adviser for the transaction after NCP had endorsed the result of the exercise. Again, the consortia needed and secured the endorsement of the Federal Executive Council.

BNP Paribas would be working within familiar terrain having advised BPE in the transaction that the led to the sale of 51 per cent stake in NITEL and its mobile subsidiary, the Nigerian Mobile Telecommunications Limited to Transcorp in 2006.

The consortium will be expected to review the operations of NITEL and MTEL and prepare the Information Memorandum for the transaction.

[ibibia dukobo]

hello hipsy99

what will be the fate of other stake holders of transcorp after the deal must have been sealed up ?. ie selling of the 22 % and 29 % equity of both the federal government and transnational corperation respectively to their core investors.

[hispy99]

Originally Posted by ibibia dukobo

hello hipsy99

what will be the fate of other stake holders of transcorp after the deal must have been sealed up ?. ie selling of the 22 % and 29 % equity of both the federal government and transnational corperation respectively to their core investors.

You will still own what currently have, this should not affect you.

[ramozng]

I have some money I want to invest and something keeps pushing me to use this money to buy Transcorp shares which has, as at yesterday 10/09/08 dropped to N1.97 from N7.50. Will it be a good buy? And what other penny stock will u advice I buy? I'm confused!

[Taipan]

Originally Posted by ramozng

I have some money I want to invest and something keeps pushing me to use this money to buy Transcorp shares which has, as at yesterday 10/09/08 dropped to N1.97 from N7.50. Will it be a good buy? And what other penny stock will u advice I buy? I'm confused!

BUY TRANSCORPSE???!!! I simply can't believe this! Maybe if you have a deathwish or you're one of the Bumpkin Billionaires...
But seriously, I would advise anyone in his/her right senses to steer clear of such a company. Your friend is probably advising you as a speculator - and for all you know, the stock might just do well - but based on the info available to everyday people like you and I, it will take like a jillion years for this company to start showing signs of making a profit. Believe me, you'll still have a lot of time to buy this stock at a cheap price later.
Just relax, cooool temper...

[Taipan]

Originally Posted by ramozng

I have some money I want to invest... what other penny stock will u advice I buy? I'm confused!

There're some good cheap stocks out there including Wapic, Skye Bank, Dangote Sugar etc. About penny stocks, I really don't have many on my list as most of them, which happen to be Insurance stocks are quite expensive relatively. But NEM Insurance isn't a bad buy...
I'm sure other SMNites will have more on this.

[waaan5]

Originally Posted by ramozng

I have some money I want to invest and something keeps pushing me to use this money to buy Transcorp shares which has, as at yesterday 10/09/08 dropped to N1.97 from N7.50. Will it be a good buy? And what other penny stock will u advice I buy? I'm confused!

Why dont you wait a little while for the price to still come down as I suspect it would except (there is a significant positive development on the company put out to the public arena)? If you have a very big urge to BUY, then let no body discourage you from following your gut feel, but it would be good to excecise caution and be buying in bits as you see the price go down (or up - why not?). This is because it is still uncertain how long this lull in the market will last. And it will not be nice to tie up capital in transcorp if gradually other stocks with better fundamentals are becoming cheaper!

[azob2002]

Originally Posted by ramozng

I have some money I want to invest and something keeps pushing me to use this money to buy Transcorp shares which has, as at yesterday 10/09/08 dropped to N1.97 from N7.50. Will it be a good buy? And what other penny stock will u advice I buy? I'm confused!

My brother, na u get ur money... as for me Transcorp is purely for speculative reasons.. do u have the liver and belly for that?anyway for me there are lot of other good stocks with sound foundamentals one could go for now....u can go for WAPIC or Mutual benefit Insure

[azob2002]

Originally Posted by ramozng

I have some money I want to invest and something keeps pushing me to use this money to buy Transcorp shares which has, as at yesterday 10/09/08 dropped to N1.97 from N7.50. Will it be a good buy? And what other penny stock will u advice I buy? I'm confused!

My brother, na u get ur money... as for me Transcorp is purely for speculative reasons.. do u have the liver and belly for that?anyway for me there are lot of other good stocks with sound foundamentals one could go for now....u can go for WAPIC or Mutual benefit Insure but above all try to stagger ur purchases while watching the market....

[Babs_O]

Originally Posted by ramozng

I have some money I want to invest and something keeps pushing me to use this money to buy Transcorp shares which has, as at yesterday 10/09/08 dropped to N1.97 from N7.50. Will it be a good buy? And what other penny stock will u advice I buy? I'm confused!

I often refer to IBTC stock select. UNIC, IEI, Goldlink Insurance may be a good buy.

TRANSCORP is a very risky investment. Only part with what you can afford to loose. Spend some time and read through the whole of this thread for more jist.

[hispy99]

"We'll Roll Out 250,000 Nitel Lines By December - Transcorp

Daily Trust (Abuja)

INTERVIEW
14 September 2008
Posted to the web 15 September 2008

By Kayode Ekundayo
Lagos

What are the plans by Transcorp to reposition NITEL to its former glory?

Yes, we have two driving strategies that will bring back Nigerian Telecommunication Plc. First, we have embarked on fixing the national backbone network which includes metro links of major cities and the second strategy is to deliver quality services to our end users before the end of the year. Under this strategy, we intend to roll out 250,000 lines by December.

Under the national transmission backbone, we are currently reviving locations, installing the channels through which the pipes are laid. We are also looking at our VTSAT link to carry the signal across the country. We are also repairing our damaged submarine cables, all these come under the national transmission network system. We also have another network called the CDMM network code division multiple access method. It is a form of wireless communication that will be used to distribute on large scale, quality services to our subscribers. We are currently building up our network but it has not been commissioned. We also have our international transmission network through which we intend to extend our links through SAT-3. This is meant to provide availability of service through SAT-3 band wave to every region of Nigeria.

Presently, SAT-3 is being hampered by bad transmission network but because we are bring up networks, it is easy for us to also transport this band wave to various parts of the country. We have got the switching network that will provide links with other

How do you intend to cope with epileptic power supply in the country?

Well, we are also looking at power. Power in Nigeria has become very epileptic so we are providing alternative means to sustain our operations in the country. We are looking at generation through turbine, coal to power our operations.

Your new lines are they going to be limited to Lagos area?

As I said we are ready to roll out 250,000 lines by December and this is going to be commissioned in Lagos. As at now, the project is 90 per cent ready. This will also have internet capacity on our fixed lines in Lagos. The project has a capacity at completion to deliver 250,000 lines to Lagos subscribers and all these lines will be internet ready. The internet will be permanently link to Digital Subscriber Line (DSL) speed. What that mean is that you can use one line for your internet, making calls as well as videos. We will also commissioned Abuja project

What has caused delay in doing all these since Transcorp acquired NITEL?

We have not be able to do what we are doing now because we did not have direct control of NITEL but today we have direct control because we have a board and management that is positioned and focus in ensuring that before the end of the year there are remarkable progress in the quality of services that NITEL will deliver.

We are also going to commission Abuja fixed lines all these are to be completed by December, specifically, before Christmas day. The Abuja lines will also come with internet services.

All the plans are in place and are being finalized by the board. I can tell you that all the financing are equally ready. We are ready to fulfil our promise to Nigeria. I also want to restate tha