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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11451440 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 7:52pm On May 07, 2019 |
This is MTN Group. [1quote author=Coolcash1 post=78191954] O boy, this MTN go sweet o...See dividend declared alone... ![]() [/quote] |
Re: Nigerian Stock Exchange Market Pick Alerts by robobo: 7:58pm On May 07, 2019 |
Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 8:02pm On May 07, 2019 |
maishai: My brother my first caution sign in this MTN notice was when I saw 2kobo abi na 20kobo norminal value. ![]() A 50kobo norminal value would at least have been more like it. Notore pricing comes to mind. As much as we are eager to make a kill in these firms, let's accomodate opinions that will help retail investors unmask details these Sharks may be trying to keep away from the unsuspecting public. No one knows it all. But what do I know sef? |
Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 8:35pm On May 07, 2019 |
No share listed on NSE can have a nominal value greater or less than 50k simply because it is the law. In the days of private placements i.e. pre 2008, all of those companies had nominal values of N1 per share but post PP when they had to list, he split each share into 2 of 50k nominal value to comply with listing requirements. That MTN release is a bit confusing to me but if the nominal value of each share is 2k, what this implies is that they have to consolidate 25 shares to create one share of 50k nominal value to enable them list on NSE. Ot implies that about 816 million ordinary shares of MTN of 50k nominal value each will be listed. It can't be any other way. Only shares of 50k nominal value can be listed on NSE as of today. |
Re: Nigerian Stock Exchange Market Pick Alerts by yom2(m): 9:18pm On May 07, 2019 |
rebekah2011:OK sir pardon my ignorance; what is their share outstanding on jse and other exchanges? what is Boeign shares outstanding? after all the misfortune and bad publicity the share price only came down by 20%. |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 9:30pm On May 07, 2019 |
MTN Nigeria is a subsidiary of MTN Group. It is a separate entity from the South African unit. The only problem is that it will be overpriced because there are no good regulator here. Wonder how they approved Notore at N62.50 yom2: 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by yom2(m): 9:58pm On May 07, 2019 |
Deadlytruth:21 GBOSA FOR U!!! U get d drift. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by laydap: 10:22pm On May 07, 2019 |
rebekah2011: Sir Yom2, in my humble opinion, the key word is the valuation of the Nigerian entity of MTN which we understand to be $5billion from the Reuters report posted earlier by OGG. This at N360/$1 exchange rate translates to a valuation of N1.8Trillion for MTN Nigeria. Now at listing, the total value/market cap of the shares in issue must equal the entity valuation. So my thinking for why MTN decided on the relatively huge 20.4Billion outstanding shares at listing is that MTN wanted to make this retail investor friendly and thus they had to split the par value from N1 to 2kobo by splitting 1 share into 50 units (i.e. from about approx. 400m MTN Nigeria shares outstanding pre-listing to circa 20billion shares at listing) If they had gone ahead with the N1 par value and listed the erstwhile 400m shares, then the listing price would have been about N4,500 per share to arrive at the N1.8Trillion valuation. We will agree that N4,500 per share would have been seen as not retail investor friendly particularly as opening up the ownership of MTN Nigeria to the wider Nigerian investor population being one of the intent of getting them to list on the NSE in the first place. This explains the split to 20.4billion shares. To the potential listing price estimated to be within the N80 –N90 per share range and the question if this is on the high side, we should rather be looking at the indicative references like EPS, P/E, Price to book, dividend yield e.t.c which however have not been disclosed by MTN for now but should be made public when the offer document is formally out. But the attached presentation from last year before the earlier planned 2018 offer was called off should provide some insights on EBITDA, Finance cost, effective tax rate, dividend payout ratio e.t.c. Also recall that 2018 FYE EBITDA for MTN Nigeria was about N453Billon so we can have a rough guide on possible EPS on 20billion shares (Discounting Finance cost, Depreciation, Tax et al) https://www.mtn.com/wp-content/uploads/2019/02/ADP-MTN-Nigeria-Investor-day-presentation-–-20-April-2018.pdf 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 10:24pm On May 07, 2019 |
If LIVERPOOL can beat BARCA 4:0 to overturn a 3:0.deficit in a CHAMPIONS LEAGUE semifinal match. That means that's hope for UNIONDAC to pay dividend this year. ![]() Messi right now ![]() ![]() ![]() 6 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by swilo: 10:33pm On May 07, 2019 |
PETERiCHY: Wow... Undeniably awesome. Well worked out with grace. Even tho this is not the right platform, I expect this Liverpool win to usher in some more bulls in the market tomorrow 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by hisexcellency34: 10:43pm On May 07, 2019 |
Breaking: FG Moves To Probe Oscar Onyema, NSE DG Over Alleged Sharp Practices |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:14pm On May 07, 2019 |
Why I will gamble and take a bet on MTN Nigeria listing. With deep sentimental and political analysis, I will key into the initial public offering on the following ground. The appointment of malam Sanusi, Thabo mbeki and Mzebici Jonah into MTN board in the recent reorganization in both Nigeria and SA.They are men of Timber and caliber that would not tolerate corporate recklessness. They have their integrity at stake. MTN is an Automated Teller Machine that specializes in printing Recharge cards, it means they print money every day, for both today and they already printed the money for the month of June when we are still in May. I. E they trade the present and the future. They can stand rough financial and political weather, including the hurricanes , tornadoes and tsunamis. The growing Nigeria population is the biggest joker. We all see the success of jumia listing on NYSE. MTN is a core investor. and the Nigeria population is the underlying success story of jumia. The great undervalued of all the listed stocks on the Nigeria bourse. is long overdue for a rescuer. I see MTN as the driving equity that will provide a feedback mechanism that might bring in the foreign raiders to the market. MTN is unavoidable and undesirable in the Nigeria contest., we might just need to ignore the weak and unexisting lifeless regulators in Nigeria and focus on the fact that MTN is a ready made corporate entity in Nigeria, not a work in progress like chams, UNIONDAC, notore etc. I can deduce that 30% of mobile data being used on Nairaland is provided by MTN. 1 out of 50 Nigerian use MTN airtime and data daily We should not just look at only the negatives around MTN, otherwise the fund managers will take the advantage of this forceful listing.and mop up the shares by using dubious proxies. Lastly, the share might not appreciate in dividends yield but will appreciate in price yield.. It might not take 5 years for the share price to overtake dangote cement and Nestlé regardless of the uncertainty in investment returns. As usual DD is strongly advised. |
Re: Nigerian Stock Exchange Market Pick Alerts by phemmie06(m): 1:07am On May 08, 2019 |
Mcy56:Ma if individual is allowed to choose registrar (which is not possible) I will choose Meristem for all my portfolio. They don't join others in singing the registrar general anthem (no signature specimen, fill transfer form) 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by phemmie06(m): 1:10am On May 08, 2019 |
ndidigood:But they are accessible and available. Their live chat is effective unlike GTL-Registrars and even their toll free line 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 2:11am On May 08, 2019 |
Good morning good people of NSEMPA. I took a very long break from the market. Been searching for Access Bank related information. Please if there has been any recent analysis here, kindly quote it for me. |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 2:45am On May 08, 2019 |
Re: Nigerian Stock Exchange Market Pick Alerts by maishai: 3:52am On May 08, 2019 |
Godlylifeoneart: Get a man to taste stolen goods and he will never complain of Bribery........ The good news is that the elites are cashing out, everyone knows MTN is a cash cow, the crux of the matter is we the retail shareholders receive our paycheck after the bottom line when all manner of deductions have been made........ The nestle model(management european) has been to reward long time shareholders majorly FPIs with handsome dividend The Dangote model(management Indian) is to reward Dangote(every Nigerian knows he is a proxy to the most powerful politicians inn the land) with handsome dividend with time we will see the mtn model(management south african), 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 4:21am On May 08, 2019 |
Mcy56:Not only kwesion, what of kweyri ![]() At 7pm shouldn’t you be in the kitchen doing your job; preparing to make dinner? ![]() I figured Dipo’s heading was a bit too alarmist and not mentioning some other details. The Mareva Injunction obtained by Access bank since January was an abuse of judicial process and has been lifted by the high court of Justice Aneke. This is obviously what is causing the Japaul rally. |
Re: Nigerian Stock Exchange Market Pick Alerts by edwardaigb: 4:28am On May 08, 2019 |
cornwall: This might be a blessing. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 6:00am On May 08, 2019 |
edwardaigb:I doubt if the bolded is true. That is, I doubt the claim of excessive charges to the tune of 18.7 billion naira, and $94million. If you put that sum together you have about 51billion naira in excessive charges. I doubt that japaul paid 50billion in excessive charges on a loan of 47billion naira owed access bank (comprising 14billion to access bank and 33billion to former Diamond bank) Note that as at the time in January when the suit was commenced, it was just Access bank loan of 14billion that was in issue. So the writer of that article is alleging that japaul paid excessive charges of 50billion on a loan of 14billion. I doubt that too much, more so that japaul's yearly revenue is not even up to average of 3billion per annum. I think this is fake news just like the milost one. I just pray pple's investment don't get burnt at the end. |
Re: Nigerian Stock Exchange Market Pick Alerts by millennium2012: 8:32am On May 08, 2019 |
hisexcellency34: Sources? |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 9:05am On May 08, 2019 |
OakPearl: Nominal value means 'nothing' in reality ![]() Listing price is what you should be worried about. The listing price, the profit and earnings growth THEN the debt and cashflow should help you make a decision. The low Nominal value maybe to avoid huge listing fees |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 9:07am On May 08, 2019 |
Onuokwu: They will likely issue shares to existing shareholders. MTN South Africa may also be selling some of its shares in MTN Nigeria to retail investors |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 9:20am On May 08, 2019 |
wanaj0:Meaning, the existing shareholders share will be brought forward when listed. Please does anyone have idea of their existing shareholders, per a unit share price in naira? And their 2018 final EPs and dividend paid per a share? |
Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 9:26am On May 08, 2019 |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 9:30am On May 08, 2019 |
Chibuking81:We don miss u. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Blackethics: 9:38am On May 08, 2019 |
Buying their IPO may not be as profitable as it's bin hype. That was how I jumped into multichoice but was disappointed. Anyway, let see how it will go. But for me, I will prefer to buy from the floor. Godlylifeoneart: |
Re: Nigerian Stock Exchange Market Pick Alerts by light5(m): 9:40am On May 08, 2019 |
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Re: Nigerian Stock Exchange Market Pick Alerts by laydap: 10:03am On May 08, 2019 |
Chibuking81: The existing shareholding structure is; MTN International - 75.8% , Nigerian Investors - 18.7% , Others - 5.5% (i.e PIC 1.7% and MTN NIC BV 2.8%). MTN is targeting a free float of about 30% so I presume they will sell down around 10% to retail investors to achieve the free float target. The 10% translates to about $500m or N180billion if we are to go by the $5billion valuation of MTN Nigeria in the Reuters report. This is about 2bilion shares of the 20.3b shares registered with SEC to go to retail investors to achieve the 30% free float. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 10:15am On May 08, 2019 |
cornwall:You ehhnnn, dinner ko, night food ni. ![]() ![]() Okay. We see how the game plays out. ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by yok: 10:53am On May 08, 2019 |
DAILY STOCK MARKET GUIDE FOR 08 MAY 2019 MSCI on 7 May continues with buying sterling bank no other movement in the fund’s portfolio. Time to soft pedal on this market, bearish sentiment too high. Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis (https://twitter.com/AnalysisTarget) and is not to be distributed without our authorization. 1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 10:55am On May 08, 2019 |
Coolcash1: Any feedback as regards your dealings with United Securities? |
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