By Our Correspondent Lagos (INVESTADVOCATE)-Shareholders of Transnational Corporation of Nigeria (TRANSCORP), Thursday endorsed the Company’s proposed Rights issue. Shareholders of the Company endorsed this at its Extraordinary General Meeting (EGM) held in Lagos Nigeria. Late last month, the firm in a Notice to the Nigerian Stock Exchange (NSE) […]
Tag: Transcorp
Rights Issue: TRANSCORP to Increase Share Capital to N22.55 billion
By Our Correspondent Lagos (INVESTADVOCATE)- Transnational Corporation of Nigeria (TRANCORP) Monday said it intends to increase its Authorised Share Capital from N18 billion to N22.55 billion Ordinary Shares of 50 Kobo each through a Rights Issue. This is contained in a Notice from the Company to the Nigerian Stock Exchange […]
Transcorp: How Long Will the Price Rally Last?
Eromosele Abiodun writes that the recent upsurge in the share price of Transnational Corporation of Nigeria (Transcorp) Plc may be difficult to sustain considering the underlying fundamentals When benchmarked against the Nigerian Stock Exchange’s All Share Index (ASI), the conglomerates sector generally underperforms, given the average return from the equities […]
