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MTN Uganda IPO..Whats cutting over there??
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:kmucheke wrote:Ericsson wrote:VituVingiSana wrote:kmucheke wrote:obiero wrote:Queen wrote:Ericsson wrote:64.8% subscription Does this signify lack of confidence in the company or lack of liquidity in the market? First day of trading on Monday will answer your questions
Why MTN Uganda’s IPO has failed to beat its targetExternal Factors- This IPO was forced by the govt MTN was initially reluctant and only did it as licensing renewal requirement. - The Uganda bourse is small with only 42,000 investors, and its performance is also lacklustre - Covid 19 pandemic market aftershocks (job cuts, reduced incomes etc) - Negative and biased social media commentaries Internal Factors- The IPO campaign by MTN was also lacklustre and not visible enough to excite the masses - The share price was perceived to be too high and it was not clear to the public whether Mobile money will be part of the deal Lets wait to see how the market will react It could be another Safaricom, soon after listing, and if so then time for Kenyans to jump in at less than 6/-. It should cross-list on the NSE to attract Kenyans. Safaricom should enter the Ugandan market through acquisition of majority stake of UTL UTL is very risky venture after many years of mismanagement and underinvestment. Unless the government of Uganda clears the liabilities, gives tax waivers, offers free frequency spectrum, gives national backbone optical fiber network and other incentives. Then maybe The liabilities the government takes them similar to how Treasury took over Telkom Kenya liabilities during the privatisation. Frequency spectrum will be part of the consideration that Safaricom will pay. National optical fiber backbone is under NITA so Safaricom can lease for use,build its own or go wireless. The cost of investment and modernization will be under Safaricom where they can negotiate on the price to be paid considering the costs they will incur to modernize. Since Ethiopia has slowed down until they sort themselves out, perhaps Saf should look at Uganda. Suspend the dividend for FY22 to fund their expansion into UG while watching Ethiopia. The developments Ethio telecom is undertaking on its network and business will provide very stiff competition to Safaricom Ethiopia. Which developments? Not talk but real improvements. How is Ethiotel funding these developments? -4G LTE expansion in the country -Telebirr partnerships with service providers such as banks. Ethio telecom is funding through internally generated sources. 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:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:kmucheke wrote:Ericsson wrote:VituVingiSana wrote:kmucheke wrote:obiero wrote:Queen wrote:Ericsson wrote:64.8% subscription Does this signify lack of confidence in the company or lack of liquidity in the market? First day of trading on Monday will answer your questions
Why MTN Uganda’s IPO has failed to beat its targetExternal Factors- This IPO was forced by the govt MTN was initially reluctant and only did it as licensing renewal requirement. - The Uganda bourse is small with only 42,000 investors, and its performance is also lacklustre - Covid 19 pandemic market aftershocks (job cuts, reduced incomes etc) - Negative and biased social media commentaries Internal Factors- The IPO campaign by MTN was also lacklustre and not visible enough to excite the masses - The share price was perceived to be too high and it was not clear to the public whether Mobile money will be part of the deal Lets wait to see how the market will react It could be another Safaricom, soon after listing, and if so then time for Kenyans to jump in at less than 6/-. It should cross-list on the NSE to attract Kenyans. Safaricom should enter the Ugandan market through acquisition of majority stake of UTL UTL is very risky venture after many years of mismanagement and underinvestment. Unless the government of Uganda clears the liabilities, gives tax waivers, offers free frequency spectrum, gives national backbone optical fiber network and other incentives. Then maybe The liabilities the government takes them similar to how Treasury took over Telkom Kenya liabilities during the privatisation. Frequency spectrum will be part of the consideration that Safaricom will pay. National optical fiber backbone is under NITA so Safaricom can lease for use,build its own or go wireless. The cost of investment and modernization will be under Safaricom where they can negotiate on the price to be paid considering the costs they will incur to modernize. Since Ethiopia has slowed down until they sort themselves out, perhaps Saf should look at Uganda. Suspend the dividend for FY22 to fund their expansion into UG while watching Ethiopia. The developments Ethio telecom is undertaking on its network and business will provide very stiff competition to Safaricom Ethiopia. Which developments? Not talk but real improvements. How is Ethiotel funding these developments? -4G LTE expansion in the country -Telebirr partnerships with service providers such as banks. Ethio telecom is funding through internally generated sources. Links of recent sources for "Ethio telecom is funding through internally generated sources." 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:Ericsson wrote:kmucheke wrote:Ericsson wrote:VituVingiSana wrote:kmucheke wrote:obiero wrote:Queen wrote:Ericsson wrote:64.8% subscription Does this signify lack of confidence in the company or lack of liquidity in the market? First day of trading on Monday will answer your questions
Why MTN Uganda’s IPO has failed to beat its targetExternal Factors- This IPO was forced by the govt MTN was initially reluctant and only did it as licensing renewal requirement. - The Uganda bourse is small with only 42,000 investors, and its performance is also lacklustre - Covid 19 pandemic market aftershocks (job cuts, reduced incomes etc) - Negative and biased social media commentaries Internal Factors- The IPO campaign by MTN was also lacklustre and not visible enough to excite the masses - The share price was perceived to be too high and it was not clear to the public whether Mobile money will be part of the deal Lets wait to see how the market will react It could be another Safaricom, soon after listing, and if so then time for Kenyans to jump in at less than 6/-. It should cross-list on the NSE to attract Kenyans. Safaricom should enter the Ugandan market through acquisition of majority stake of UTL UTL is very risky venture after many years of mismanagement and underinvestment. Unless the government of Uganda clears the liabilities, gives tax waivers, offers free frequency spectrum, gives national backbone optical fiber network and other incentives. Then maybe The liabilities the government takes them similar to how Treasury took over Telkom Kenya liabilities during the privatisation. Frequency spectrum will be part of the consideration that Safaricom will pay. National optical fiber backbone is under NITA so Safaricom can lease for use,build its own or go wireless. The cost of investment and modernization will be under Safaricom where they can negotiate on the price to be paid considering the costs they will incur to modernize. Since Ethiopia has slowed down until they sort themselves out, perhaps Saf should look at Uganda. Suspend the dividend for FY22 to fund their expansion into UG while watching Ethiopia. The developments Ethio telecom is undertaking on its network and business will provide very stiff competition to Safaricom Ethiopia. Which developments? Not talk but real improvements. How is Ethiotel funding these developments? -4G LTE expansion in the country -Telebirr partnerships with service providers such as banks. Ethio telecom is funding through internally generated sources. Links of recent sources for "Ethio telecom is funding through internally generated sources." https://addisfortune.new...ergoes-major-expansion/
"What makes this investment different from previous iterations is that the company will do so using cash." Read the last paragraph 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:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:kmucheke wrote:Ericsson wrote:VituVingiSana wrote:kmucheke wrote:obiero wrote:Queen wrote:Ericsson wrote:64.8% subscription Does this signify lack of confidence in the company or lack of liquidity in the market? First day of trading on Monday will answer your questions
Why MTN Uganda’s IPO has failed to beat its targetExternal Factors- This IPO was forced by the govt MTN was initially reluctant and only did it as licensing renewal requirement. - The Uganda bourse is small with only 42,000 investors, and its performance is also lacklustre - Covid 19 pandemic market aftershocks (job cuts, reduced incomes etc) - Negative and biased social media commentaries Internal Factors- The IPO campaign by MTN was also lacklustre and not visible enough to excite the masses - The share price was perceived to be too high and it was not clear to the public whether Mobile money will be part of the deal Lets wait to see how the market will react It could be another Safaricom, soon after listing, and if so then time for Kenyans to jump in at less than 6/-. It should cross-list on the NSE to attract Kenyans. Safaricom should enter the Ugandan market through acquisition of majority stake of UTL UTL is very risky venture after many years of mismanagement and underinvestment. Unless the government of Uganda clears the liabilities, gives tax waivers, offers free frequency spectrum, gives national backbone optical fiber network and other incentives. Then maybe The liabilities the government takes them similar to how Treasury took over Telkom Kenya liabilities during the privatisation. Frequency spectrum will be part of the consideration that Safaricom will pay. National optical fiber backbone is under NITA so Safaricom can lease for use,build its own or go wireless. The cost of investment and modernization will be under Safaricom where they can negotiate on the price to be paid considering the costs they will incur to modernize. Since Ethiopia has slowed down until they sort themselves out, perhaps Saf should look at Uganda. Suspend the dividend for FY22 to fund their expansion into UG while watching Ethiopia. The developments Ethio telecom is undertaking on its network and business will provide very stiff competition to Safaricom Ethiopia. Which developments? Not talk but real improvements. How is Ethiotel funding these developments? -4G LTE expansion in the country -Telebirr partnerships with service providers such as banks. Ethio telecom is funding through internally generated sources. Links of recent sources for "Ethio telecom is funding through internally generated sources." https://addisfortune.new...ergoes-major-expansion/
"What makes this investment different from previous iterations is that the company will do so using cash." Read the last paragraph What's the date of the article? 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:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:kmucheke wrote:Ericsson wrote:VituVingiSana wrote:kmucheke wrote:obiero wrote:Queen wrote:Ericsson wrote:64.8% subscription Does this signify lack of confidence in the company or lack of liquidity in the market? First day of trading on Monday will answer your questions
Why MTN Uganda’s IPO has failed to beat its targetExternal Factors- This IPO was forced by the govt MTN was initially reluctant and only did it as licensing renewal requirement. - The Uganda bourse is small with only 42,000 investors, and its performance is also lacklustre - Covid 19 pandemic market aftershocks (job cuts, reduced incomes etc) - Negative and biased social media commentaries Internal Factors- The IPO campaign by MTN was also lacklustre and not visible enough to excite the masses - The share price was perceived to be too high and it was not clear to the public whether Mobile money will be part of the deal Lets wait to see how the market will react It could be another Safaricom, soon after listing, and if so then time for Kenyans to jump in at less than 6/-. It should cross-list on the NSE to attract Kenyans. Safaricom should enter the Ugandan market through acquisition of majority stake of UTL UTL is very risky venture after many years of mismanagement and underinvestment. Unless the government of Uganda clears the liabilities, gives tax waivers, offers free frequency spectrum, gives national backbone optical fiber network and other incentives. Then maybe The liabilities the government takes them similar to how Treasury took over Telkom Kenya liabilities during the privatisation. Frequency spectrum will be part of the consideration that Safaricom will pay. National optical fiber backbone is under NITA so Safaricom can lease for use,build its own or go wireless. The cost of investment and modernization will be under Safaricom where they can negotiate on the price to be paid considering the costs they will incur to modernize. Since Ethiopia has slowed down until they sort themselves out, perhaps Saf should look at Uganda. Suspend the dividend for FY22 to fund their expansion into UG while watching Ethiopia. The developments Ethio telecom is undertaking on its network and business will provide very stiff competition to Safaricom Ethiopia. Which developments? Not talk but real improvements. How is Ethiotel funding these developments? -4G LTE expansion in the country -Telebirr partnerships with service providers such as banks. Ethio telecom is funding through internally generated sources. Links of recent sources for "Ethio telecom is funding through internally generated sources." https://addisfortune.new...ergoes-major-expansion/
"What makes this investment different from previous iterations is that the company will do so using cash." Read the last paragraph What's the date of the article? 2019. The three year strategy was launched in 2019 and ends in 2022. Some of the items mentioned are currently work in progress such as 4G LTE expansion,the business support system which was replaced just recently. https://www.africa-press...-reach-80-mln-customers
Link of New Generation Business Support system that was self financed 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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[quote=obiero]2.5% gain on day one. too modest. will wait it out https://www.bloomberg.co...-after-muted-ipo-demand[/quote] Currently trading below IPO price. 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:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:kmucheke wrote:Ericsson wrote:VituVingiSana wrote:kmucheke wrote:obiero wrote:Queen wrote:Ericsson wrote:64.8% subscription Does this signify lack of confidence in the company or lack of liquidity in the market? First day of trading on Monday will answer your questions
Why MTN Uganda’s IPO has failed to beat its targetExternal Factors- This IPO was forced by the govt MTN was initially reluctant and only did it as licensing renewal requirement. - The Uganda bourse is small with only 42,000 investors, and its performance is also lacklustre - Covid 19 pandemic market aftershocks (job cuts, reduced incomes etc) - Negative and biased social media commentaries Internal Factors- The IPO campaign by MTN was also lacklustre and not visible enough to excite the masses - The share price was perceived to be too high and it was not clear to the public whether Mobile money will be part of the deal Lets wait to see how the market will react It could be another Safaricom, soon after listing, and if so then time for Kenyans to jump in at less than 6/-. It should cross-list on the NSE to attract Kenyans. Safaricom should enter the Ugandan market through acquisition of majority stake of UTL UTL is very risky venture after many years of mismanagement and underinvestment. Unless the government of Uganda clears the liabilities, gives tax waivers, offers free frequency spectrum, gives national backbone optical fiber network and other incentives. Then maybe The liabilities the government takes them similar to how Treasury took over Telkom Kenya liabilities during the privatisation. Frequency spectrum will be part of the consideration that Safaricom will pay. National optical fiber backbone is under NITA so Safaricom can lease for use,build its own or go wireless. The cost of investment and modernization will be under Safaricom where they can negotiate on the price to be paid considering the costs they will incur to modernize. Since Ethiopia has slowed down until they sort themselves out, perhaps Saf should look at Uganda. Suspend the dividend for FY22 to fund their expansion into UG while watching Ethiopia. The developments Ethio telecom is undertaking on its network and business will provide very stiff competition to Safaricom Ethiopia. Which developments? Not talk but real improvements. How is Ethiotel funding these developments? -4G LTE expansion in the country -Telebirr partnerships with service providers such as banks. Ethio telecom is funding through internally generated sources. Links of recent sources for "Ethio telecom is funding through internally generated sources." https://addisfortune.new...ergoes-major-expansion/
"What makes this investment different from previous iterations is that the company will do so using cash." Read the last paragraph What's the date of the article? 2019. The three year strategy was launched in 2019 and ends in 2022. Some of the items mentioned are currently work in progress such as 4G LTE expansion,the business support system which was replaced just recently. https://www.africa-press...-reach-80-mln-customers
Link of New Generation Business Support system that was self finance So the article is at least 2 years old. Before COVID, the civil war and huge forex shortages. Good luck to Ethio Telcom without a foreign partner who can provide forex. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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1058 IPOs in the States in 2021.
At end of 2021, two thirds were trading lower than IPO price.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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My 2 cents wrote:1058 IPOs in the States in 2021.
At end of 2021, two thirds were trading lower than IPO price. Kenya for all IPOs in the recent past = 100%  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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Share price down to Ush.180 from its IPO price of 200 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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MTN Uganda [@mtnug] FY 2021 Results: 🟡Total Revenue +9.7% to USHS 2.06T (KES 65.29B). 🟡Service Revenue +9.4% to USHS 2.04T (KES 64.66B). 🟡PBT +20.2% to USHS 490.94B (KES 15.56B). 🟡PAT +20.4% to USHS 340.4B (KES 10.79B). 🟡Final DPS - USHS 14.99 (KES 0.48), [2020: USHS 0]. https://pbs.twimg.com/me...ormat=jpg&name=smallWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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[quote=Ericsson]MTN Uganda [@mtnug] FY 2021 Results: 🟡Total Revenue +9.7% to USHS 2.06T (KES 65.29B). 🟡Service Revenue +9.4% to USHS 2.04T (KES 64.66B). 🟡PBT +20.2% to USHS 490.94B (KES 15.56B). 🟡PAT +20.4% to USHS 340.4B (KES 10.79B). 🟡Final DPS - USHS 14.99 (KES 0.48), [2020: USHS 0]. https://pbs.twimg.com/me...rmat=jpg&name=small[/quote] Acceptable performance. We await the dividend
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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https://www.businessdail...from-mtn-uganda-3740172
The National Social Security Fund (NSSF) is set to earn a Sh5.9 million dividend from its investment in MTN Uganda after the telco declared a final payout equivalent to Sh0.149 per share. The State-controlled pension fund acquired 39.18 million shares in the telecommunications firm last year when it went public through an initial public offering (IPO). NSSF,made the investment through asset manager Sanlam. 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:https://www.businessdailyafrica.com/bd/corporate/industry/nssf-set-to-earn-sh5-9m-dividend-from-mtn-uganda-3740172
The National Social Security Fund (NSSF) is set to earn a Sh5.9 million dividend from its investment in MTN Uganda after the telco declared a final payout equivalent to Sh0.149 per share.
The State-controlled pension fund acquired 39.18 million shares in the telecommunications firm last year when it went public through an initial public offering (IPO).
NSSF,made the investment through asset manager Sanlam.
6mn is peanuts for NSSF UG but hopefully the dividend is much better for 2022 given the full year of ownership. 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:https://www.businessdailyafrica.com/bd/corporate/industry/nssf-set-to-earn-sh5-9m-dividend-from-mtn-uganda-3740172
The National Social Security Fund (NSSF) is set to earn a Sh5.9 million dividend from its investment in MTN Uganda after the telco declared a final payout equivalent to Sh0.149 per share.
The State-controlled pension fund acquired 39.18 million shares in the telecommunications firm last year when it went public through an initial public offering (IPO).
NSSF,made the investment through asset manager Sanlam.
6mn is peanuts for NSSF UG but hopefully the dividend is much better for 2022 given the full year of ownership. It's NSSF Kenya 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:Ericsson wrote:https://www.businessdailyafrica.com/bd/corporate/industry/nssf-set-to-earn-sh5-9m-dividend-from-mtn-uganda-3740172
The National Social Security Fund (NSSF) is set to earn a Sh5.9 million dividend from its investment in MTN Uganda after the telco declared a final payout equivalent to Sh0.149 per share.
The State-controlled pension fund acquired 39.18 million shares in the telecommunications firm last year when it went public through an initial public offering (IPO).
NSSF,made the investment through asset manager Sanlam.
6mn is peanuts for NSSF UG but hopefully the dividend is much better for 2022 given the full year of ownership. It's NSSF Kenya Peanuts for NSSF KE too but hopefully the returns in the future increase multifold. 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:https://www.businessdailyafrica.com/bd/corporate/industry/nssf-set-to-earn-sh5-9m-dividend-from-mtn-uganda-3740172
The National Social Security Fund (NSSF) is set to earn a Sh5.9 million dividend from its investment in MTN Uganda after the telco declared a final payout equivalent to Sh0.149 per share.
The State-controlled pension fund acquired 39.18 million shares in the telecommunications firm last year when it went public through an initial public offering (IPO).
NSSF,made the investment through asset manager Sanlam.
6mn is peanuts for NSSF UG but hopefully the dividend is much better for 2022 given the full year of ownership. It's NSSF Kenya Peanuts for NSSF KE too but hopefully the returns in the future increase multifold. Plus the better dividend in 2022 will translate to a better share price.Currently it's trading 10% below it's IPO price. 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:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:https://www.businessdailyafrica.com/bd/corporate/industry/nssf-set-to-earn-sh5-9m-dividend-from-mtn-uganda-3740172
The National Social Security Fund (NSSF) is set to earn a Sh5.9 million dividend from its investment in MTN Uganda after the telco declared a final payout equivalent to Sh0.149 per share.
The State-controlled pension fund acquired 39.18 million shares in the telecommunications firm last year when it went public through an initial public offering (IPO).
NSSF,made the investment through asset manager Sanlam.
6mn is peanuts for NSSF UG but hopefully the dividend is much better for 2022 given the full year of ownership. It's NSSF Kenya Peanuts for NSSF KE too but hopefully the returns in the future increase multifold. Plus the better dividend in 2022 will translate to a better share price.Currently it's trading 10% below it's IPO price. These days there are no guarantees. BAT is struggling to get above 500 with a superb 53.50 DPS. Even SCBK is around 142 with a 19/- DPS. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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SCBK and BAT are more like bonds rather than shares.
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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My 2 cents wrote:SCBK and BAT are more like bonds rather than shares. This one made me laugh
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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MTN Uganda IPO..Whats cutting over there??
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