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AAF Airtel Africa Plc

-0.40 (-0.34%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Airtel Africa Plc AAF London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.40 -0.34% 118.50 16:35:19
Open Price Low Price High Price Close Price Previous Close
116.60 116.60 119.50 118.50 118.90
more quote information »
Industry Sector

Airtel Africa AAF Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date

Top Dividend Posts

Top Posts
Posted at 15/4/2024 18:06 by 5teadyeddie
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 accounts 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 FX and market FX 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?? Unless this is a loss on the translation of their foreign assets into USD after devaluation, and is just inaccurately described?

Too complicated/difficult for me to invest...
Posted at 26/3/2024 15:13 by pharmaboy3
Large Mittal purchasesHTTps:// Africa PLC - Director/PDMR Shareholding #AAF HTTps:// #voxmarkets
Posted at 19/2/2024 11:22 by jane deer
Tiger. I can’t say I know what the market is afraid of but I can say what worries me (and stops me adding to my position at present):

1). AAF $debt. While the holdco $ debt is likely to be repaid in a few months (I think enough cash is already sitting there to pay it off), there is also significant debt at the local companies. Over time, AAF has been trying to move this into local currencies. The one subsidiary where I believe (DYOR) there is still aa significant amount of USD denominated debt is Nigeria, where I seem to remember reading that 20% of the debt was still USD denominated.

2). The scale of the devaluation of the Naira will clearly be inflationary. AAF’s costs (in Naira) will be increasing sharply. I am unclear if they have the ability to increase pricing proportionately - to what exent do they need approval from regulator/ Govt?

I am interested in adding but I need to get comfortable on these two points.
Posted at 19/2/2024 10:12 by tigerbythetail
I forget the percentage (dig in the annual report if you need the exact number), but it's quite a bit - Nigeria is AAF's biggest market by a distance.
What puzzles me is the devaluation of the naira (to the black market rate) is a one-off hit. And a sensible long-term economic reform.
All in all, I want exposure to the growth possibilities of a huge and vibrant (if chaotic) African market like Nigeria. So I don't get this share price movement at all - AAF is down 30% in a month. Happy to buy for the long term at these levels, though, so not complaining!
Posted at 08/2/2024 21:51 by luweiluwei
IPO market showing signs of revival.
Mobile Money hidden inside AAF would likely be valued at more than the whole company when ipo'd.
Posted at 08/2/2024 08:15 by peddlers
Bought some AAF on the recent weakness.

Looking cheap at these levels

Posted at 28/7/2023 09:27 by qs99
I think the $ will weaken over the next 2 years with peak interest rates and digital currencies being launched and attack by China on $ hegemony. Just my views, DYOR etc, but if that is the case AAF may be an indirect beneficiary. Market seems to be buying back into story IMO given share price has moved slowly Northwards since RNS....DYOR
Posted at 26/7/2023 23:38 by jimbo123elf
Soldiers appear on state TV in Niger, say President Bazoum has been removed and the borders are closed. AAF is the market leader in Niger.
Posted at 06/7/2023 21:17 by valuewinsout
I have sold my holding of AAF: due to the Naira depreciation. The Naira has depreciated 66% since the currency was floated - if it remains at this level, it will reduce Airtel Africa overall earnings this year, by more than the company will grow - and I do not know what rate the Naira will settle at. However, in the long term a positive will be that Airtel Africa will be able to export its Naira earnings more easily.
Posted at 29/6/2023 08:03 by 2vdm
Good explanation and thanks valuewinsout. DancingP, the whole market is down currently. Airtel imo remains an exciting and profitable growth story with projected earnings growing at 11.76%. It also pays a useful 3.9% dividend

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