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MTN Uganda Listing
Rank: Member Joined: 3/16/2019 Posts: 313
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MTN Uganda will be listing on the USE in accordance with a government directive. But no time frames have been given by either the government or MTN. I also hope they cross-list in the NSE since i'm not a fan of UMEME. BD LinkQuote:Uganda has opened a window for East Africans to buy shares in MTN Uganda when the telecom operator sells it 20 percent equity stake on the local bourse.
The government is forcing all its telecom operators, including MTN Uganda and the local unit of India’s Bharti Airtel, to list a fifth of their shares on the Uganda Securities Exchange to allow locals to benefit from the sector’s profits.
“The shares are restricted to Ugandans, and also citizens from the East African Community (EAC),” Ibrahim Bbosa, spokesman for the Uganda Communications Commission, the regulator, told Reuters.
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Rank: Member Joined: 3/16/2019 Posts: 313
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From various sources, the listing is supposed to be done within 2 years of license renewal which was done on July 2020.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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The IPO is finally here. Prospectus to be released next week. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Ericsson wrote:The IPO is finally here.
Prospectus to be released next week.
Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:Ericsson wrote:The IPO is finally here.
Prospectus to be released next week.
Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants MTN will be seeking a valuation of $1.4 billion and will be raising $280 million. Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/16/2019 Posts: 313
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Ericsson wrote:obiero wrote:Ericsson wrote:The IPO is finally here.
Prospectus to be released next week.
Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants MTN will be seeking a valuation of $1.4 billion and will be raising $280 million. Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda. The current shareholding is MTN Group 96% ,other investor(s) 4%. MTN Group will reduce their shareholding to 76% after the listing. The 20% will be offered to USE local and East Africa investors. Who are the investor(s) owning the current 4% of NTN Uganda ? Also the listing will be paperless/digital and will double the USE.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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kmucheke wrote:Ericsson wrote:obiero wrote:Ericsson wrote:The IPO is finally here.
Prospectus to be released next week.
Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants MTN will be seeking a valuation of $1.4 billion and will be raising $280 million. Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda. The current shareholding is MTN Group 96% ,other investor(s) 4%. MTN Group will reduce their shareholding to 76% after the listing. The 20% will be offered to USE local and East Africa investors. Who are the investor(s) owning the current 4% of NTN Uganda ? Uganda's Mobitelea?Also the listing will be paperless/digital and will double the USE. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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VituVingiSana wrote:kmucheke wrote:Ericsson wrote:obiero wrote:Ericsson wrote:The IPO is finally here.
Prospectus to be released next week.
Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants MTN will be seeking a valuation of $1.4 billion and will be raising $280 million. Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda. The current shareholding is MTN Group 96% ,other investor(s) 4%. MTN Group will reduce their shareholding to 76% after the listing. The 20% will be offered to USE local and East Africa investors. Who are the investor(s) owning the current 4% of NTN Uganda ? Uganda's Mobitelea?Also the listing will be paperless/digital and will double the USE. We will turn a blind eye
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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I wonder if they will peg their valuation to a PE of 25, comparable to Safaricom. That would be a bit rich. One has to be careful not to overpay. Can a numerate wazuan do the math on this and advise what would be a good entry price on this. Bearing in mind that most IPOs tend to be overvalued.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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My 2 cents wrote:I wonder if they will peg their valuation to a PE of 25, comparable to Safaricom. That would be a bit rich. One has to be careful not to overpay. Can a numerate wazuan do the math on this and advise what would be a good entry price on this. Bearing in mind that most IPOs tend to be overvalued. The prospectus that will be out next week will reveal more. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:kmucheke wrote:Ericsson wrote:obiero wrote:Ericsson wrote:The IPO is finally here.
Prospectus to be released next week.
Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants MTN will be seeking a valuation of $1.4 billion and will be raising $280 million. Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda. The current shareholding is MTN Group 96% ,other investor(s) 4%. MTN Group will reduce their shareholding to 76% after the listing. The 20% will be offered to USE local and East Africa investors. Who are the investor(s) owning the current 4% of NTN Uganda ? Uganda's Mobitelea?The Chairman Charles Mbire Also the listing will be paperless/digital and will double the USE. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:kmucheke wrote:Ericsson wrote:obiero wrote:Ericsson wrote:The IPO is finally here.
Prospectus to be released next week.
Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants MTN will be seeking a valuation of $1.4 billion and will be raising $280 million. Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda. The current shareholding is MTN Group 96% ,other investor(s) 4%. MTN Group will reduce their shareholding to 76% after the listing. The 20% will be offered to USE local and East Africa investors. Who are the investor(s) owning the current 4% of NTN Uganda ? Uganda's Mobitelea?The Chairman Charles Mbire Also the listing will be paperless/digital and will double the USE. How did he get into such a prime position to get in on the ground floor? Or he is Uganda's Merali/Mobitelea? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:kmucheke wrote:Ericsson wrote:obiero wrote:Ericsson wrote:The IPO is finally here.
Prospectus to be released next week.
Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants MTN will be seeking a valuation of $1.4 billion and will be raising $280 million. Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda. The current shareholding is MTN Group 96% ,other investor(s) 4%. MTN Group will reduce their shareholding to 76% after the listing. The 20% will be offered to USE local and East Africa investors. Who are the investor(s) owning the current 4% of NTN Uganda ? Uganda's Mobitelea?The Chairman Charles Mbire Also the listing will be paperless/digital and will double the USE. How did he get into such a prime position to get in on the ground floor? Or he is Uganda's Merali/Mobitelea? He has been chairman since 1998 when MTN commenced operations in Uganda. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/16/2019 Posts: 313
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Ericsson wrote:My 2 cents wrote:I wonder if they will peg their valuation to a PE of 25, comparable to Safaricom. That would be a bit rich. One has to be careful not to overpay. Can a numerate wazuan do the math on this and advise what would be a good entry price on this. Bearing in mind that most IPOs tend to be overvalued. The prospectus that will be out next week will reveal more. The prospectus is here.
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Rank: Member Joined: 3/16/2019 Posts: 313
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kmucheke wrote:Ericsson wrote:My 2 cents wrote:I wonder if they will peg their valuation to a PE of 25, comparable to Safaricom. That would be a bit rich. One has to be careful not to overpay. Can a numerate wazuan do the math on this and advise what would be a good entry price on this. Bearing in mind that most IPOs tend to be overvalued. The prospectus that will be out next week will reveal more. The prospectus is here. 4,477,808,848 ordinary shares on offer, with a par value of UGX 1 each in the share capital of MTN at an offer price of UGX 200 per offer share. Offer opens 11 October 2021 Offer closes 22 November 2021 Announcement of results 3 December 2021 Refund of excess funds 3 December 2021 Commencement of trading 6 December 2021
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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kmucheke wrote:kmucheke wrote:Ericsson wrote:My 2 cents wrote:I wonder if they will peg their valuation to a PE of 25, comparable to Safaricom. That would be a bit rich. One has to be careful not to overpay. Can a numerate wazuan do the math on this and advise what would be a good entry price on this. Bearing in mind that most IPOs tend to be overvalued. The prospectus that will be out next week will reveal more. The prospectus is here. 4,477,808,848 ordinary shares on offer, with a par value of UGX 1 each in the share capital of MTN at an offer price of UGX 200 per offer share. Offer opens 11 October 2021 Offer closes 22 November 2021 Announcement of results 3 December 2021 Refund of excess funds 3 December 2021 Commencement of trading 6 December 2021 KES 156,000 entitles one to "incentive" shares. This is spicy hot, at KES 6.2. Brings back memories of Stanbic Uganda in which I realized a ROI of over 300%. I'm inside https://www.businessdail...free-ipo-shares--3580118
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:kmucheke wrote:kmucheke wrote:Ericsson wrote:[quote=My 2 cents]I wonder if they will peg their valuation to a PE of 25, comparable to Safaricom. That would be a bit rich. One has to be careful not to overpay. Can a numerate wazuan do the math on this and advise what would be a good entry price on this. Bearing in mind that most IPOs tend to be overvalued. The prospectus that will be out next week will reveal more. The prospectus is here. 4,477,808,848 ordinary shares on offer, with a par value of UGX 1 each in the share capital of MTN at an offer price of UGX 200 per offer share. Offer opens 11 October 2021 Offer closes 22 November 2021 Announcement of results 3 December 2021 Refund of excess funds 3 December 2021 Commencement of trading 6 December 2021 KES 156,000 entitles one to "incentive" shares. This is spicy hot, at KES 6.2. Brings back memories of Stanbic Uganda in which I realized a ROI of over 300%. I'm inside https://www.businessdail...ree-ipo-shares--3580118[/quote] Times have changed ROI of 300% on this is tough. This is a mature company they are selling a stake The incentive shares is a way of them enticing investors so that they achieve 100% subscription. They are selling stake in a mature company. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Ericsson wrote:obiero wrote:kmucheke wrote:kmucheke wrote:Ericsson wrote:My 2 cents wrote:I wonder if they will peg their valuation to a PE of 25, comparable to Safaricom. That would be a bit rich. One has to be careful not to overpay. Can a numerate wazuan do the math on this and advise what would be a good entry price on this. Bearing in mind that most IPOs tend to be overvalued. The prospectus that will be out next week will reveal more. The prospectus is here. 4,477,808,848 ordinary shares on offer, with a par value of UGX 1 each in the share capital of MTN at an offer price of UGX 200 per offer share. Offer opens 11 October 2021 Offer closes 22 November 2021 Announcement of results 3 December 2021 Refund of excess funds 3 December 2021 Commencement of trading 6 December 2021 KES 156,000 entitles one to "incentive" shares. This is spicy hot, at KES 6.2. Brings back memories of Stanbic Uganda in which I realized a ROI of over 300%. I'm inside https://www.businessdail...ree-ipo-shares--3580118
Times have changed ROI of 300% on this is tough. This is a mature company they are selling a stake The incentive shares is a way of them enticing investors so that they achieve 100% subscription. They are selling stake in a mature company. The 300% was nostalgia, here we can expect 100% regardless of "mature" status. The entity is profitable and dominant in Uganda, commanding close to 60% of the subscription base of 21m people
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:kmucheke wrote:Ericsson wrote:obiero wrote:Ericsson wrote:The IPO is finally here.
Prospectus to be released next week.
Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants MTN will be seeking a valuation of $1.4 billion and will be raising $280 million. Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda. The current shareholding is MTN Group 96% ,other investor(s) 4%. MTN Group will reduce their shareholding to 76% after the listing. The 20% will be offered to USE local and East Africa investors. Who are the investor(s) owning the current 4% of NTN Uganda ? Uganda's Mobitelea?The Chairman Charles Mbire Also the listing will be paperless/digital and will double the USE. How did he get into such a prime position to get in on the ground floor? Or he is Uganda's Merali/Mobitelea? He has been chairman since 1998 when MTN commenced operations in Uganda. Must be connected. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:kmucheke wrote:Ericsson wrote:obiero wrote:Ericsson wrote:The IPO is finally here.
Prospectus to be released next week.
Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants MTN will be seeking a valuation of $1.4 billion and will be raising $280 million. Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda. The current shareholding is MTN Group 96% ,other investor(s) 4%. MTN Group will reduce their shareholding to 76% after the listing. The 20% will be offered to USE local and East Africa investors. Who are the investor(s) owning the current 4% of NTN Uganda ? Uganda's Mobitelea?The Chairman Charles Mbire Also the listing will be paperless/digital and will double the USE. How did he get into such a prime position to get in on the ground floor? Or he is Uganda's Merali/Mobitelea? He has been chairman since 1998 when MTN commenced operations in Uganda. Must be connected. Of course Most likely the president representative Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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