Airtel Africa Share Discussion Threads

[paulo435] 20/1/2021 21:25

Cheers 2vdm

[2vdm] 20/1/2021 07:44

Trading update on 29th Jan

[2vdm] 18/12/2020 09:46

I have added at these levels. Prospects look good and think the sale reaction overdone.

[qs99] 17/12/2020 10:07

A few punters been caught on the dip this morning IMO, now to move sharply over 80p given that graph....DYOR and still expecting this to retrace for a 20% in 1 week....lovely job DYOR

[farrugia] 16/12/2020 21:00

this looks like nice business really. Not only do the countries offer lots of growth but there are no limits on roaming charges - compare that to Europe where providers are handicapped with roaming charges being strictly capped by regulations.

[qs99] 16/12/2020 16:31

Didn't quite break the back of 80p, but let's see if we can end the week with further blue tomorrow.

GLA

[qs99] 16/12/2020 15:06

SHould be through 80p shortly IMO, making a nice 10% already this week....DYOR and am fully expecting this to get back to 90p+....

[qs99] 16/12/2020 12:47

continuing to edge back up....GLA

[paulo435] 16/12/2020 09:21

Yea creeping back up nicely so far

[qs99] 16/12/2020 09:07

right, let's get ourselves back to c.90p!!

[pol123] 16/12/2020 07:54

Think we may see tomorrow, strange that he has bought at 80p in the past. just a guess really

[paulo435] 15/12/2020 23:07

Pol, are you expecting a corresponding purchase for the sale then? This was a sale that went through today, not an increase?

I posted the following in October about him:
“Anyone else raising an eyebrow at the amount of personal fortune non exec Shravin Mittal has invested in Airtel Africa. Since Dec last year it’s at least £20m. Avg purchase price around 79/80p per share. He is the son of the chairman of Bharti Enterprises - - who happens to hold just under 3.5% of the co. Bharti Airtel”

[pol123] 15/12/2020 20:28

Shravin Bharti Mittal, Non Executive Director, bought 2,950,000 shares in the company on the 16th December 2019 at a price of 80.49p. The Director now holds 746,908,987 shares.
My money is on Shravin increasing his stake. Posted on LSE

[jonco5] 15/12/2020 19:39

The RNS said "The Selling Shareholder entity will be locked up in respect of its residual holding for a period of 90 days...". Could it be a founder shareholder cashing in on recent strong sp? It's an unusual restriction for an institutional shareholder.

[qs99] 15/12/2020 16:05

whether disclose or not (as 1.6% maybe they don't have to disclose?) it is just an odd reaction to the share price.....results have IMO been good, outlook decent, so why the massive fall?

[grimespt] 15/12/2020 15:10

Re dividend payments. I am with Hargreaves Lansdown and got the dividend on the date it was due to be paid.

[74tom] 15/12/2020 14:32

No it wasn't, JP Morgan were the bookrunners for the sale...the seller is a mystery.

I completely agree with Sphere25's sentiments, although I actually think I'd be tempted to go short rather than long from here given the recent history of foreign based LSE shares... (And I think shorters are very likely the reason this fell out of the gate this morning. Interesting to watch whether anything comes out of the woodwork in the coming weeks / months.

[paulo435] 15/12/2020 14:28

It was JP Morgan who sold

[sphere25] 15/12/2020 13:44

Price hasn't moved as expected at the moment. It's currently 75p having bounced to 76p, with the intraday resistance currently being tested at 75p. It's very Flatline City at the moment but a breach of 75p and then 76p (where additional sellers were) would clearly be bullish into the close.

Have to flag this up more as it's a really odd one:

- Undisclosed institutional seller

How often do you see that in any type of rns, be it a secondary placing, or just a holding rns? Can't recall any.

- Selling at a pretty hefty discount to yesterday's closing price of 92p to place just 1.6% of the company.

Price averages will make that more palatable but it's still rather a peculiar amount to have to appoint a broker to do a bookbuild.

Surely that seller can't be insider related. Even if that doesn't raise an eyebrow, the market then reacts with an almost panic type selling hysteria to cause the price to fall from 92p to 70p this morning, even with the shares placed at 80p.

This strikes you as somewhat "whispers in the background". I'd be surprised if longer term holders didn't scrutinise what has just happened to a greater extent because it really is odd market behaviour.

It could be noise but noteworthy activity as it does stand out. Holding on for now, but not something I'll be hanging about in.

All imo
DYOR

[leopoldalcox] 15/12/2020 13:18

Added at 75.8p. Unclear why this RNS caused the drop. I'm still building my position, so quite welcome

[ryesloan] 15/12/2020 12:02

Yup still waiting (AJ Bell)I assume as it's paid in $$ it might take a touch longer to credit into ££.I actually tried to sell this holding last Friday as I had hit my target but due to compliance was unable to....you can imagine my joy today at the share price over reaction!!!

[mikealig] 15/12/2020 11:43

Just noticed that I haven't received the dividend that should have been paid last Friday (11/12). My shares are with idealing.com. Anyone else still waiting?

[qs99] 15/12/2020 09:07

well done all....looks a very odd share price reaction IMO and reckon it may be closing into a blue finish by the end, lets see....GLA

[robsy2] 15/12/2020 08:56

Yes. I have just bought a few more at 75p.