TRANSCORP - Transnational Corp. of Nigeria

Jul 29, 2021 at 14:31 Twitter · Facebook

TRANSCORP share price on Nigerian Stock Exchange

Transnational Corporation of Nigeria Plc, incorporated in November 2004, is a Nigerian group of diverse companies whose core business interest is investment in, and operation of, portfolio companies in the hospitality, power, agriculture and energy sectors. Following a successful initial public offer, Transcorp Nigeria was listed on the NSE in December 2006, gaining a shareholder base of about 300,000 investors, the largest of which is Heirs Holdings Limited, a pan-African proprietary investment company. With subsidiaries and affiliates providing goods and services in several sectors, Transcorp seeks to drive the nation’s economy in a positive direction by investing in catalytic sectors capable of improving lives and transforming the country.

Transcorp Nigeria has a large investment portfolio of which the most notable businesses are the award-winning Transcorp Hilton Hotel, Abuja; Transcorp Hotels, Calabar; Teragro Commodities Ltd, operator of Teragro Benfruit Plant; Transcorp Power Ltd which acquired Ughelli Power Plc, owner of the 972MW Ughelli Power Plant; and Transcorp Energy Ltd, operator of OPL 281. In January 2013, Transcorp and General Electric signed an agreement to collaborate to address the infrastructural needs of Nigeria, with emphasis on the power and transportation sectors.

TRANSCORP Stock Market Performance

The current share price of Transnational Corp. of Nigeria (TRANSCORP) is NGN 0.93. TRANSCORP closed its last trading day (Thursday, July 29, 2021) at 0.93 NGN per share on the Nigerian Stock Exchange (NGX). Transnational began the year with a share price of 0.90 NGN and has since gained 3.33% on that price valuation, ranking it 56th on the NGX in terms of year-to-date performance.

Transnational Corp. of Nigeria is the fifth most traded stock on the Nigerian Stock Exchange over the past three months (Apr 26 - Jul 29, 2021). TRANSCORP has traded a total volume of 729 million shares—in 4,484 deals—valued at NGN 652 million over the period, with an average of 11.6 million traded shares per session. A volume high of 92.5 million was achieved on April 26th, and a low of 1.77 million on June 30th, for the same period. The table below details the last 10 trading days of activity of Transnational Corp. of Nigeria on the Nigerian Stock Exchange.

Profile of Transnational Corporation of Nigeria Plc

Transnational Corporation of Nigeria Plc operates in the Industrials sector, specifically, the Diversified Industrials industry. The company is led by Valentine Chineto Ozigbo (51) as its President/Chief Executive Officer, since 2019. The company's board of directors, chaired by Tony Onyemaechi Elumelu (58), is composed of seven members whose names are listed below.

1. Elumelu, Tony Onyemaechi
   Chairman
2. Ozigbo, Valentine Chineto
   President/Chief Executive Officer
3. Ezeafulukwe, Christopher
   Executive Director
4. Nnorom, Emmanuel Nwabuikwu
   Non-Executive Director
5. Lawson, Stanley Inye (Dr.)
   Non-Executive Director
6. Sanni, Oluwatoyin F. (Mrs.)
   Non-Executive Director
7. Ibekwe, Obi
   Non-Executive Director

TRANSCORP Industrial Market Competitors

Transnational Corporation of Nigeria Plc, issuers of the TRANSCORP stock on the Nigerian Stock Exchange, have a number of market competitors who are also engaged in the Industrials sector and/or Diversified Industrials industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Stock Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange