TRANSCORP - Transcorp Nigeria
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 Nigeria is listed on the Nigerian Stock Exchange (NGX). Transcorp is traded on the NGX under the ticker symbol “TRANSCORP”. The International Securities Identification Number (ISIN) of NGX:TRANSCORP is NGTRANSCORP7. Transcorp Nigeria is currently the 22nd most valuable stock on the NGX with a market capitalization of NGN 243 billion, which makes about 0.668% of the Nigerian Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 5.73 |
| Day’s High Price | 5.98 |
| Traded Volume | 2.86M |
| Number of Deals | 68 |
| Gross Turnover | 16.9M |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 40.6B |
| Market Capitalization | 243B |
TRANSCORP Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -8% | -5.23% | +54.9% |
| 6MO | 1YR | YTD |
|---|---|---|
| +337% | +459% | +429% |
The current share price of Transcorp Nigeria (TRANSCORP) is NGN 5.98. TRANSCORP closed its last trading day (Thursday, September 28, 2023) at 5.98 NGN per share on the Nigerian Stock Exchange (NGX), recording a 0.3% drop from its previous closing price of 6.00 NGN. Transcorp began the year with a share price of 1.13 NGN and has since gained 429% on that price valuation, ranking it sixth on the NGX in terms of year-to-date performance. Investors should, however, take caution of TRANSCORP’s recent bad performance, having lost 5% of its value in the past four weeks.
Transcorp Nigeria is the third most traded stock on the Nigerian Stock Exchange over the past three months (Jul 3 - Sep 28, 2023). TRANSCORP has traded a total volume of 3.16 billion shares—in 26,707 deals—valued at NGN 16 billion over the period, with an average of 50.2 million traded shares per session. A volume high of 292 million was achieved on August 30th, and a low of 8.63 million on August 8th, for the same period. The table below details the last 10 trading days of activity of Transcorp Nigeria on the Nigerian Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2023-09-28 | 15,728,483 | 5.98 | -0.02 | -0.33% |
| 2023-09-26 | 48,531,463 | 6.00 | -0.16 | -2.60% |
| 2023-09-25 | 16,789,928 | 6.16 | -0.16 | -2.53% |
| 2023-09-22 | 16,403,360 | 6.32 | +0.10 | +1.61% |
| 2023-09-21 | 21,161,767 | 6.22 | -0.28 | -4.31% |
| 2023-09-20 | 14,030,333 | 6.50 | -0.01 | -0.15% |
| 2023-09-19 | 41,572,573 | 6.51 | +0.21 | +3.33% |
| 2023-09-18 | 42,306,915 | 6.30 | +0.10 | +1.61% |
| 2023-09-15 | 59,691,864 | 6.20 | -0.10 | -1.59% |
| 2023-09-14 | 27,487,806 | 6.30 |
Profile of Transnational Corporation of Nigeria Plc
Transnational Corporation of Nigeria Plc was founded on November 16, 2004 and operates in the Industrials sector, specifically, the Diversified Industrials industry. The company is led by Valentine Chineto Ozigbo (53) as its President/Chief Executive Officer, since 2019. The company's board of directors, chaired by Tony Onyemaechi Elumelu (60), is composed of seven members whose names are listed below.
- Elumelu, Tony Onyemaechi
Chairman - Ozigbo, Valentine Chineto
President/Chief Executive Officer - Ezeafulukwe, Christopher
Executive Director - Nnorom, Emmanuel Nwabuikwu
Non-Executive Director - Lawson, Stanley Inye (Dr.)
Non-Executive Director - Sanni, Oluwatoyin F. (Mrs.)
Non-Executive Director - Ibekwe, Obi
Non-Executive Director
Factsheet of Transnational Corporation of Nigeria Plc
- Sector
- Industrials
- Industry
- Diversified Industrials
- Address
- 38 Glover Road (Formerly 22B), Ikoyi, Lagos, Nigeria
- Telephone
- +234-81-45-652-652, +234-90-62-303-605
- Website
- transcorpnigeria.com
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.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| UACN | UAC of Nigeria | 30.7B | 10.50 | +2.44% |
| SKYAVN | Skyway Aviation Handling Co. Plc | 34.3B | 25.35 | +407% |
| JOHNHOLT | John Holt Plc | 638M | 1.64 | +125% |
| BERGER | Berger Paints | 3.38B | 11.65 | +94.2% |
| CHELLARAM | Chellarams Plc | 2.79B | 3.86 | +72.3% |
| BETAGLAS | Beta Glass Company | 33.7B | 56.20 | +41.9% |
| SCOA | SCOA Nigeria | 819M | 1.26 | +37% |
| MEYER | Meyer Plc | 1.61B | 3.04 | +33.9% |
| DANGCEM | Dangote Cement | 5.69T | 334.00 | +28% |
| JBERGER | Julius Berger Nigeria Plc | 49.4B | 30.85 | +25.9% |
