Airtel Africa Share Discussion Threads

[5teadyeddie] 15/4/2024 18:06

Just looked at this for the first time. Tricky analysis: AAF earns income in depreciating currencies and pays for the infrastructure in hard currencies. FY23 shows its debt is two-thirds in USD, but probably that will fall when the $550m of head office debt is paid down in May.

This problem will not go away as their expectation is for technology obsolescence every ten years so a new round of capex - importing the latest tech - will be needed in hard currency again.

YoY revenues in constant currencies are rising strongly, but it doesn't appear to have the ability to raise rates easily in Nigeria, where the black market rate and market rates have recently been equalised, halving the balance sheet value of AAFs assets. Are the market rates and black market rates already diverging again? Who knows?

Nigeria is 40% of revenues and similar shares of EBITDA and capex.

Also, I don't know how they lost $245m on their FX hedges: I'd have expected them to pay out when the currency was devalued??

Too complicated/difficult for me to invest...

[hamhamham1] 13/4/2024 12:27

The July 2022 highs around 165p would prob equate to 180p area today with the amount of buybacks since then.
This will be comfortably hit 200p in next 12 months IMO.
GLA.

[wsm812] 04/4/2024 08:51

(Sharecast News) - Indian Continent Investment, a firm linked to Airtel Africa non-executive director Shravin Bharti Mittal, added to its stake in the telecommunications group ahead of the Easter break.

On 28 March, the firm purchased approximately 1.140m shares, at £1.0593 apiece, through the London Stock Exchange.

The total transaction amount reached £1,207,338.17.

It followed a flurry of other large share purchases throughout the latter half of the second quarter.

[qs99] 26/3/2024 16:18

These are huge purchases, presume that is a good sign directors spending so much money? DYOR and IMO! views?

With further share buy-backs, should we see this trend back towards £1.20?

[qs99] 26/3/2024 15:50

Interesting, decent size purchases.

[pharmaboy3] 26/3/2024 15:13

Large Mittal purchasesHTTps://www.voxmarkets.co.uk/rns/announcement/54789fa7-7f41-48c6-9899-e95a3406a4efAirtel Africa PLC - Director/PDMR Shareholding #AAF HTTps://www.voxmarkets.co.uk/rns/announcement/47d51162-f1b2-427f-96ec-9c2074581af9 #voxmarkets

[peddlers] 25/3/2024 13:57

Yes, it has found its legs.

[qs99] 25/3/2024 13:30

Good to see it above £1! DYOR

[saltaire111] 19/3/2024 21:25

This is some collapse. Always knew there was risk, but this is not a small company.

[cupra kid] 19/3/2024 17:41

The seller continues

[peddlers] 15/3/2024 15:59

Certainly appear cheap at these levels.
I'm in at £1.05 so I'm tempted to top up as it pushes forward

P

[wsm812] 15/3/2024 15:21

At least with that Singapore Slinger out of the way the share price shouldn't be held back anymore.

[wsm812] 14/3/2024 08:09

Bought in at a lower price than they are buying themselves! haha

[hamhamham1] 13/3/2024 17:13

Interesting news about potential listing on money side, could be $4bn value alone.
Ridiculously undervalued company currently.

[sig1978] 29/2/2024 11:59

Im in at this price. Great potential.

[hamhamham1] 27/2/2024 15:39

Bought in today @ 94p.
This will double that in 18 months IMO.

[ynot68] 26/2/2024 15:18

Added 95p fingers crossed

[wmb194] 20/2/2024 09:01

Why don't you look at its annual report? What we do know is that its underlying profits keep getting wiped out by FX losses.

[peddlers] 20/2/2024 08:34

What an absolute dog stock purchase this has been
Worst trade ive made in the last 12 months that's for sure.

[farrugia] 19/2/2024 14:37

anyone knows Airtel's total exposure to Nigeria?

[farrugia] 19/2/2024 14:18

i bought pzcussons because the brands are good - it is a sitting duck at those levels.

[peddlers] 19/2/2024 12:06

I'm guessing those who are short will need to cover sooner or later.
It's fundamentally a solid company with high roce and large predicted profits moving forward.
The chart does look as though the recent selling is overdone
From the stock Report it's looking very cheap sub £1.
A real bargain imo

P.