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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Airtel Africa Plc | AAF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 2.90 | 2.71% | 109.80 | 16:35:21 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 106.50 | 106.50 | 110.70 | 109.80 | 106.90 |
| Industry Sector |
|---|
| MOBILE TELECOMMUNICATIONS |
| Top Posts |
|---|
Posted at 27/4/2023 10:15 by wmb194 I notice that in the last couple of days it's been following Vodafone up. Vodafone's recently had some interest from Middle Eastern investors. Before Bharti Airtel bought it what we know as Airtel Africa was owned by a Middle Eastern company (Bharti Airtel bought it from Zain). |
Posted at 29/3/2023 12:29 by wsm812 (Sharecast News) - The Sunday Times's Lucy Tobin told readers that shares of Airtel Africa were a 'buy', pointing to the telecom group's footprint in Africa and fast-growing money transfer unit.FTSE-100 listed Airtel Africa was the second-largest operator in Africa serving 138m customers. Its main markets in Nigeria, the Congo and Chad, as well as Kenya, Uganda and Tanzania, all suffered from limited infrastructure, but enjoyed a burgeoning population and urban middle classes. Customer count jumped by 10% in 2022 for 12% growth in revenues over the last nine months of the year. Revenues at the mobile money-transfer arm surged by nearly a third during the previous year and a flotation of the unit was a possibility, which would translate into a bonanza for shareholders. But don't bet your pension on the business, Tobin cautioned. Competitors were stepping in and the region was both politically restless and prone to legal and regulatory uncertainty. There was also Airtel Africa's restrictive ownership to contend with, what with 56% of the company controlled by Bharti Airtel. Nevertheless, changing hands on a 2023 price-to-earnings multiple of 8.1, the shares were "cheap". "For an investor who can stomach the risks of currency volatility, rocky politics, high spectrum costs and debt manoeuvrings, this company is a buy." |
Posted at 15/6/2022 12:19 by joseph moran Cannot get a live quote for AAF at the moment,'We have been unable to obtain a live quote at this time, on II investor' |
Posted at 17/1/2022 17:19 by tole https://www.fool.co. |
Posted at 15/1/2022 12:24 by wmb194 It was also tipped in this week's Investors' Chronicle. |
Posted at 18/12/2021 09:25 by tole https://www.fool.co. |
Posted at 30/7/2021 14:51 by ryesloan Fair enough. I think realising some of the value now in the money side makes sense, particularly when the market seems to be undervaluing the whole.And deleveraging through a balance of asset sales and a reduced but rebalanced dividend aligns to investors desire for an income return as well as wanting the company to reduce leverage over time.Each to their own Insuppose! |
Posted at 30/7/2021 12:53 by ryesloan Desperate? No I don't think so.Part of a planned deleverage of the balance sheet? Yes.Personally I see these Sov's as getting in early in the mobile money business to make their gains on the planned IPO so are medium term investors, which suits all parties just now I'd say. |
Posted at 30/7/2021 09:24 by wmb194 Hmmm. It also makes you wonder whether it's desperate for cash. QIA is already an investor and one of AAF's problems is that its shareholder register is filled with sovereign wealth funds. Who then dump part of their stakes into an illiquid market and crash the share price... |
Posted at 08/10/2020 08:55 by robsy2 Good point.They have gone straight to mobiles out there. I have invested for myself and some family members . I pass on my notes that I always write up before I make an investment in the hope that you might find them of interest. I find writing it all down before I buy helps me clarify my thoughts. It also reminds me later why I bought it and what I was looking for, useful if it doesn't pan out as planned. I think we should do OK here. BULL POINTS • They operate in Africa which is a bull point (and a bear point). The bull side is that Africa is on the move economically and is the final frontier for investors. Opportunity beckons. • In Africa, mobile phone usage is increasing rapidly and there are plenty more customers to be won. • As the last developing continent, Africa has no fixed phone line infrastructure. Africans have moved quickly from next to nothing to the brick phone to the smart phone. As such, they have leapfrogged the typical development route . This is interesting because they have become especially heavy users of mobiles for all aspects of life, including banking, payments etc because the physical banking infrastructure is often unavailable . They are at the forefront of phone usage and AAF is developing more and more alliances to drive mobile phone usage including a link up with Standard Bank ( Africa’s largest bank) to offer financial services etc. • AAF has pretensions to be a Pan- African multinational. Of course they have steep competition with Vodafone and others but with the backing of Bharti, and their experience of growing a business in a developing countries like India , they should do well. • They are a low-cost, no-frills operator. This is a good positioning for cash-strapped customers in Africa. They operate a system of pre-payment offered through an army of vendors dotted around the African towns and cities. The client pre-paying for phone usage greatly reduces bad debts and unpaid bills and explains the strong cash flows that AAF enjoys. • The financial metrics look pretty good and are improving rapidly as the business gains traction. Like all Telco’s, they have a lot of debt but much less than many of their peer group. The counterbalance is that cash generation is phenomenal and debt is being paid down rapidly. Unlike other Telco’s, AAF is focussed on mobile phones only and is addressing markets in Africa where mobile phone penetration is still relatively low.. • This is a company that has made great strides forward in recent years and has hit profits in 2019 and 2020. Coved has slowed growth but they are delivering but with the stock trading at 25% below the flotation price of 80p, I see value here. The 9 analysts who cover this stock rate it as “OUTPERFORM • It is a fairly straightforward business with built in growth drivers as mobile usage increases around the continent. The smart phone is the key device at the centre of all of our lives now, from Alicante to Zanzibar. AAF has the network and a low cost offering that is attractive to cash-conscious African consumers. • It is a bit under the radar. This could change. The Midas article above will help that. If investors do warm to the story and they keep delivering , we should see a re-rating at some point. • It does something a bit different for us. It is having a reasonable COVID, has a lot of growth potential and offers our portfolio some diversity. • The website, reporting , investor communication etc all has a good feel to it. hxxps://airtel.afric BEAR POINTS • It is a relatively unproven company. It also has one large shareholder, so we are at the beck and call of the Bharti family. If they ever decided to bail out then we will all be in trouble! • It is an African centred business. UK quoted African companies, that are not mining companies, are practically unheard of. As such, it is fair to say that investors have not got excited about AAF yet. I am hoping and expecting that sentiment could change for the better as they prove themselves. • Africa is a little different, so we get all the normal risks and a lot of extra ones as well. On the plus side, AAF has institutional backing, it is quoted in London, has an air of efficiency about it , is compliant with first world governance standards and looks and feels fine, but make no mistake, while Africa is maturing it is still a little wild! • On the plus side, they operate across a lot of countries and everyone wants to keep the phones running. AAF is big enough to compete, the business model is pretty straightforward, consumers need what they do and they seem to know how to do what is needed. • On the downside, the mandatory risk section of their first set of annual accounts takes up 15 of the 212 pages! I am sure there will be bumps on the road, but hopefully nothing too catastrophic. The accounts are clear, balanced and absolutely first world so I am optimistic. • One such known risk is currency. They operate in 14 countries, so they earn in a variety of currencies, report in USD but the shares are quoted in GBP… This adds a series of complications in terms of FX rates and could affect reported earnings for better or worse. Conclusion I like the look of this company and think it can do a job for us. It could give us that combination of income and growth that we are looking for. It also offers our portfolio something a little different and gives us diversification business-wise and geographically. It would be nice to be part of the growth story in Africa. In conclusion, AAF looks like a good opportunity to invest in a growth stock that pays dividends, has a decent track record to date, an undemanding rating and real potential. |
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