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MTN Uganda Listing
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kmucheke
#1 Posted : Friday, July 24, 2020 4:11:32 PM
Rank: Member

Joined: 3/16/2019
Posts: 313
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 Link
Quote:
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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kmucheke
#2 Posted : Friday, July 24, 2020 4:45:33 PM
Rank: Member

Joined: 3/16/2019
Posts: 313
From various sources, the listing is supposed to be done within 2 years of license renewal which was done on July 2020.
Quote:

The East African country’s government has mandated for the telco to list 20 percent of its shares within 2 years.
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Ericsson
#3 Posted : Tuesday, October 05, 2021 5:43:08 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
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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obiero
#4 Posted : Tuesday, October 05, 2021 6:10:21 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
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

KQ ABP 4.26
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  | | Edit by user: Tuesday, October 05, 2021 6:14 PM | Reason: Not specified
Ericsson
#5 Posted : Tuesday, October 05, 2021 8:25:10 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
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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kmucheke
#6 Posted : Thursday, October 07, 2021 3:06:28 PM
Rank: Member

Joined: 3/16/2019
Posts: 313
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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VituVingiSana
#7 Posted : Friday, October 08, 2021 2:19:47 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
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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  | | Edit by user: Friday, October 08, 2021 2:22 AM | Reason: Not specified
obiero
#8 Posted : Friday, October 08, 2021 6:41:29 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
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

KQ ABP 4.26
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My 2 cents
#9 Posted : Friday, October 08, 2021 10:19:03 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
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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Ericsson
#10 Posted : Saturday, October 09, 2021 8:12:00 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
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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