Greetings to the house especially those that have been able to get on the train of MTNN.

Mpeace:
lol. That train is on a very long tunnel. It might never...

The tunnel was constructed right into the ocean, but many passengers are unaware.
The few life jackets are for the crew members, none for the passengers...
Even the engineer that was mentioned, I met him taking pepper soup at home and watching CNBC, while the train was speeding towards the tunnel entrance...

rebekah2011:
Greetings to the house especially those that have been able to get on the train of MTNN.

Only Yayira was able to pick some units. You know she is our foreign investor, so I hear ...

Am back ooo I did not fight any one and did not abuse any one ooo na jeje I dey talk oo before the owner of nairaland barred me oo but dey don free me o help me praise God for Church tomorrow.

Union banK saga loading

Ex- CBN , two serving Ministers involved

Dear all

Pls can I get buyer for this Land? The guy really need money badly, to settle a pressing medical need.
*URGENT DISTRESS SALES OF A 573sqm OF LAND AT UNIVERSITY VIEW ESTATE OPPOSITE LBS LEKKI/EPE EXPRESS WAY, AJAH-LEKKI, LAGOS. ........ #10M*..........

This is at giveaway price. Help save a soul.

Deed of assignment and C of O in process...

Call: 08066412217 for details.


Also you can contact EJ-Project Management Technology Limited , located at Ajah ,Lagos .You may see the full details of the office location and details of the company on the complimentary card attached below. To verify the authenticity of any Land in Lagos . We can chat for you and do survey for you. Also we can help you to purchase your desire house , massive office space ,land , manage your building construction external works ,finishings and so on. Directly from us and owners of properties. You can also consult us for your building project. We can do facilities and Estate management to save time and the stress . All buildings works and services you can contact us,both inter works and external works .

OBAGADAFFI:
Union banK saga loading

Ex- CBN , two serving Ministers involved

It's Union Bank https://theeagleonline.com.ng/fg-begins-investigation-into-2b-atlas-maras-union-bank-shares-fraud/
and everyone already knows that the minister concerned are Mr Enelamah and Mr Udo Udoma, the CBN governor is SLS and the board being investigated is here https://www.unionbankng.com/who-we-are/ubn-leadership/#1499952667925-4795ef3e-cfae

(Copied).....

How true us this statement above

Hope its not true?

ukay2:

It's Union Bank https://theeagleonline.com.ng/fg-begins-investigation-into-2b-atlas-maras-union-bank-shares-fraud/
and everyone already knows that the minister concerned are Mr Enelamah and Mr Udo Udoma, the CBN governor is SLS and the board being investigated is here https://www.unionbankng.com/who-we-are/ubn-leadership/#1499952667925-4795ef3e-cfae

(Copied).....

How true us this statement above

Hope its not true?

Do people still own shares in union bank?

Anyway, giving the caliber o f people involved, this one is heading for under the carpet.

Please can someone tell me the number of mtn outstanding share before they got listed and their 2018 finally year PAT, with their 2019 q1?

I got $672m as their profit in 2018 which is equivalent to #241.92 billion using #360 as exchange rate per a dollar https://thenerveafrica.com/27709/mtn-group-reports-672m-profit-in-2018/
In nairametric article I saw #160b as their assumed PAT, but I want to know their actual PAT.
https://nairametrics.com/2019/05/15/how-to-buy-mtn-nigeria-shares-on-the-nigerian-stock-exchange/

Chibuking81:
Please can someone tell me the number of mtn outstanding share before they got listed and their 2018 finally year PAT, with their 2019 q1?

I got $672m as their profit in 2018 which is equivalent to #241.92 billion using #360 as exchange rate per a dollar https://thenerveafrica.com/27709/mtn-group-reports-672m-profit-in-2018/
In nairametric article I saw #160b as their assumed PAT, but I want to know their actual PAT.

https://www.mtn.com/wp-content/uploads/2019/03/Presentation-2018.pdf

Any purported report of a corporate organization that is not available on bloomberg.com might not be useful in computational analysis and summary of a company.

This is MTN Group.

Chibuking81:
Please can someone tell me the number of mtn outstanding share before they got listed and their 2018 finally year PAT, with their 2019 q1?

I got $672m as their profit in 2018 which is equivalent to #241.92 billion using #360 as exchange rate per a dollar https://thenerveafrica.com/27709/mtn-group-reports-672m-profit-in-2018/
In nairametric article I saw #160b as their assumed PAT, but I want to know their actual PAT.
https://nairametrics.com/2019/05/15/how-to-buy-mtn-nigeria-shares-on-the-nigerian-stock-exchange/

rebekah2011:
This is MTN Group.

But did you have idea of 2018 FY PAT of MTNN? The #160 billion mentioned by Nairametric in their article, is it supposed mtnn 2018 FY PAT?

Godlylifeoneart:



https://www.mtn.com/wp-content/uploads/2019/03/Presentation-2018.pdf

Any purported report of a corporate organization that is not available on bloomberg.com might not be useful in computational analysis and summary of a company.

OK, but did you have little idea of their supposed outstanding share before listing 20 billion in NSE?

Chibuking81:

OK, but did you have little idea of their supposed outstanding share before listing 20 billion in NSE?

407m

currentprice:


407m

This as MTNN's shares outstanding would have made their EPS, PAT, PE ratio, etc a more interesting read.
But they chose to split it into 20bn OS at 2kobo par value (for a coy of MTNN's size and calibre).
Why not at least 50 kobo if not N1 norminal value? Who does that @2kobo
I still feel this is where the "wayo" was crafted.
Las las market will correct the inflated price.

OakPearl:


This as MTNN's shares outstanding would have made their EPS, PAT, PE ratio, etc a more interesting read.
But they chose to split it into 20bn OS at 2kobo par value (for a coy of MTNN's size and calibre).
Why not at least 50 kobo if not N1 norminal value? Who does that @2kobo
I still feel this is where the "wayo" was crafted.
Las las market will correct the inflated price.

This is the money minting business of MTNN.
407,000,000/0.2...20b
Just like dt... MTNN is minting money in Nigeria. This is why the government is after them coz of d reciprocal effect on the economy.

Mpeace:
Do people still own shares in union bank?

Anyway, giving the caliber o f people involved, this one is heading for under the carpet.

Sanusi is underfire right now from the government.

This might be part of the strategy.

OakPearl:


This as MTNN's shares outstanding would have made their EPS, PAT, PE ratio, etc a more interesting read.
But they chose to split it into 20bn OS at 2kobo par value (for a coy of MTNN's size and calibre).
Why not at least 50 kobo if not N1 norminal value? Who does that @2kobo
I still feel this is where the "wayo" was crafted.
Las las market will correct the inflated price.

Godlylifeoneart:


This is the money minting business of MTNN.
407,000,000/0.2...20b
Just like dt... MTNN is minting money in Nigeria. This is why the government is after them coz of d reciprocal effect on the economy.

people are buying bones at currentprice. i can only buy mtn below the fairprice not @ or above FP

according to my bedsheet 2017, 2018 mtn mkt price was N200 while fairprice was above N2000

currentprice:
according to my bedsheet 2017, 2018 mtn mkt price was N200 while fairprice was above N2000. .

What about 2019?
Please clarify this figures before some people who doesn't read or pay attention to details will go and rush to buy thinking you've given fair price for it o.

aremso:
Am back ooo I did not fight any one and did not abuse any one ooo na jeje I dey talk oo before the owner of nairaland barred me oo but dey don free me o help me praise God for Church tomorrow.

Funny. You don popular be that, Spambot don know your moniker.
On a serious note, Seun needs to carry out some upgrade on NL.

currentprice:




people are buying bones at currentprice. i can only buy mtn below the fairprice not @ or above FP

according to my bedsheet 2017, 2018 mtn mkt price was N200 while fairprice was above N2000

So you can only buy below 40. Lol.

Mcy56:

What about 2019?
Please clarify this figures before some people who doesn't read or pay attention to details will go and rush to buy thinking you've given fair price for it o.

Lol... that price was before the share splitting.

mtn hav fairprice of N96 now. I can't even buy at fp but below for margin of safety ^{" I know I cant see mtn buy with my plan. no prob"}

abeg make pple do own research o, the fp is just my own , mkt have her own as well as market men and women ^sentiment

currentprice:
Lol... that price was before the share splitting.
mtn hav fairprice of N96 now. I can't even buy at fp but below for margin of safety
abeg make pple do own research o, the fp is just my own.

That's why I said you should speak simple Engrishhh wey we fit understand...... Cos I no get strength to separate fight o.
Fair price is still far below 96naira for some of us here self.

currentprice:


407m

160 billion/ 407 million = 393.12 eps
20 billion/407 million = ‭49.14, if their initial outstanding was 407 million, that means that they splits each unit into 49.14 unit before they listed it.

49.14 x 90 = ‭#4,422.60. Does it mean that their 1 unit of share is now #4,422.60?

4,422.60/393.12 = 11.25 PE, but according to their report before listing, they stated that their PE was below 1.
To get below 1eps, that is 4,422.60/11.25 =384.57.
Therefore 384.57/393.12 = 0.98 PE

Before listing their share price should be #384.57
And their current Price after the splits should have been #384.57/49.14 = #7.83.
Their suppose price should have been #7.83 (against #90 listing and their current #140, this is close to 2000% upward increase )

Meaning that 1 unit of share of #384.57 was duplicated to get #4422.60 (#4,422.60 - #384.57 = #4,038.03)
#4,038.03 on top, that's excessive. ( or #7.83 duplicated to get #90 and #140 respectively)

Their fair value by #8 eps should be #70

MTN's price earnings (P/E) ratio based on FY 2018 earnings per share (EPS) of N357.87 and its
recent market price of N90 confounded a lot of analysts. A P/E of less than one(1.0) for the
second largest stock listed on the NSE makes little, if any, sense at all. Dangote Cement
(DANGCEM), the Exchange's single largest capitalized stock trades at a price of N185 and a P/E
of 8.35. DANGCEM's price to book value is currently 3.04.

OBAGADAFFI:


Sanusi is underfire right now from the government.

This might be part of the strategy.

He deserves whatever befalls him now. Himself was a source of grief to many innocent citizens.

Mcy56:

That's why I said you should speak simple Engrishhh wey we fit understand...... Cos I no get strength to separate fight o.
Fair price is still far below 96naira for some of us here self.

Lol...someone still threw stones yesterday on the fairprice given on flourmil when price was N30 plus

though when fairprice or any fundamental is posted here on a stock. that doesn't mean one should buy and close eyes. anything can change in the next quarter even before.

Union diag good example

Chibuking81:

Please can I get link to it?
160 billion/ 407 million = 393.12039312 eps
20 billion/407 million = ‭49.1400491400491400491‬, if their initial outstanding was 407 that means that they splits each unit into 49.14 unit before they listed it.

49.14 x 90 = ‭#4422.60 does it mean that their 1 unit of share was #4,422.60?

Their fair value should be #70

good that u don't rush buy at the listing day as ur blood rise on that day when u saw d full BID

some guru already saw this before mtn become tradeable on nse

price will still go up but that doesn't make it best stock. better stock with bonaza price plenty for market

Cc robobo

currentprice:


good that u don't rush buy at the listing day as ur blood rise on that day when u saw d full BID

some guru already saw this before mtn become tradeable on nse

price will still go up but that doesn't make it best stock. better stock with bonaza price plenty for market

Cc robobo

We disagree in order to agree, that is all about research and finding.

Chibuking81:
We disagree in order to agree, that is all about research and finding.

Lol. No discouragement. That's good.
As you no kuku see buy when you rushed to buy when listed, you already surrendered to research and findings as the price don go up and coming down again. That's good. This forum ehhnnn.

DaV8King:
We can start and fund an SPV for this purpose.
NSEMPA Ltd
Chairman of the SPV will be elected on this same forum and will serve as our board rep in any company as needed.
Post is renewable once with 1 year tenure.
Me, I stand behind loco as 1st chairman, na him idea.

This got me laughing. Nsempa Ltd indeed. Weh don sir.
Hhmmm, this Loco you nominated ehhnnn, I no gree o cos na entrepreneur he be.
You sure say no be hostel we wan invest in? And then he'll tell us he'll be paying us yearly dividends? .
By the way, what's the full meaning of SPV?

@Deepsuk what's your opinion on this venture? Na Wetin you talk I go follow.

Chibuking81:

Please hold on, look for other better stock like Fidelity, FCMB, UBA, Zenith bank that will possibly give you 100% and 70% respectively with dividend attached to it on or before next 10 months. Ucheson was having the same ideology in Oando as you are having now in mtn, when Oando was at #20+ and he was hoping to see it at #100 within some period, only to find Oando at #3, from all the information gathered mtn listed overvalued/overpriced stock.

This is the Chibuking we know.