Airtel Africa Share Discussion Threads

[myoung1982] 14/4/2021 08:45

Buys pouring in get the price isn't ticking up? So bizarre. Good discount though right now to top up

[2vdm] 14/4/2021 08:41

Bought back in at 73.9p this a.m.. I hope/think that's a good price. Good management determined to reduce debt and return value to shareholders and a great dividend currently. Views appreciated.

[bad robot] 14/4/2021 08:38

Good morning folks

Please short this scam to 25p. Force the seller to sell sell sell cheap.

BR
IN BR WE TRUST
RED MERCURY CREW

[wmb194] 14/4/2021 08:27

No, I lie: the FT page states GIC's holding "as of 15 DEC 2020" so today's 50m sale will probably leave it with a balance of 62.37m shares.
hxxps://markets.ft.com/data/equities/tearsheet/profile?s=AAF:LSE

[wmb194] 14/4/2021 08:18

@ Ferrugia: "Who is this mysterious seller who doesn't want to be named?" In December it was GIC Private Limited.
hxxps://www.investegate.co.uk/airtel-africa-plc/rns/holding-s--in-company/202012171326250392J/

For late last year - I'm guessing pre its Dec disposal? - the FT markets page for AAF listed GIC as the largest institutional investor with a holding of 112.37m shares, 2.99% of the company. The disposal today could be most of the rest of its balance.

[farrugia] 14/4/2021 07:29

hmm this seems like the same party who sold on 15 December 2020. The price now at 75p is lower than the price the shares fetched then at 80p. Who is this mysterious seller who doesn't want to be named?

Further to the announcement released on 13 April 2021 in relation to a proposed secondary placing of ordinary shares in Airtel Africa plc ("Airtel Africa" or the "Company"), the institutional seller (the "Selling Shareholder"), has sold 50 million ordinary shares in the Company (the "Placing Shares") at a price of 75 pence per share (the "Placing"). The Placing Shares represent approximately 1.3 per cent. of the Company's ordinary issued share capital (as at the date of this announcement).

The Placing was conducted through an accelerated bookbuild and is expected to settle on 16 April 2021. J.P. Morgan Securities plc which conducts its UK investment banking activities as J.P. Morgan Cazenove ("J.P. Morgan Cazenove") acted as sole bookrunner.

The Selling Shareholder will be locked up in respect of its residual holding for a period of 90 days post settlement of the Placing, subject to customary exceptions.

[wmb194] 13/4/2021 17:03

Only as a broker/bookrunner: "J.P. Morgan Securities plc, which conducts its UK investment banking activities as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), has been appointed by an institutional seller (the "Selling Shareholder") to sell approximately 50 million ordinary shares in Airtel Africa plc"

[farrugia] 13/4/2021 16:49

meanwhile selling shares in a placing..

[paulo435] 08/4/2021 11:51

JP Morgan upgrading to a target price of 100p this morning I see and overweight

[forthelongterm] 03/4/2021 08:49

The deadline for integration of NIN and SIM in Nigeria has been extended again - May 6th.
Difficult to work out how many people have failed to do so.

[paulo435] 01/4/2021 15:00

(Ah sorry I see it was a broker report you were looking for).

RNS was out this morning Robsy.

Also:
Mastercard Inc. has invested $100 million in Airtel Africa PLC's Airtel Mobile Commerce BV subsidiary, valuing the business at $2.65 billion, Airtel Africa said Thursday.

The U.K.-listed, Africa-focused telecommunications operator said Mastercard will hold a minority stake in AMC BV on completion of the deal, with Airtel Africa continuing to hold the majority stake. AMC BV is currently wholly owned by Airtel Africa, but last month it agreed to sell a stake in the unit to TPG's The Rise Fund for $200 million.

Mastercard and Airtel Africa have also agreed to deepen their partnerships across numerous markets and areas including card issuance, payment gateway, payment processing, merchant acceptance and remittance solutions, among others, Airtel Africa said.

Airtel Africa said it aims to continue to monetize its mobile money business with minority investments of up to a total of 25% of the issued share capital of AMC BV and to explore a potential listing of the unit within four years.

Proceeds from the transaction will help Airtel Africa to reduce debt and invest in network and sales infrastructure, it said.

[robsy2] 01/4/2021 11:13

Can’t find anything.

[paulo435] 01/4/2021 08:37

A further 100 mill into the mobile money business I see this morning from MasterCard, positive moves

[paulo435] 27/3/2021 21:56

I agree actually and remain holding. Still looking relatively cheap and scoring highly on a number of indicators this one.

[willieg1] 26/3/2021 10:46

Just profit taking as it went up so quickly. Should be on its way back up before long

[2vdm] 26/3/2021 07:51

Just overall market sentiment and perhaps the old adage of "buy on rumour sell on fact"?

[paulo435] 25/3/2021 11:36

Slide of 10% since the beginning of the week - on the back of good news. Hmmmm.

[paulo435] 23/3/2021 10:23

I wouldn’t pay too much attention to a fair value on simply wall st to be honest. Does anyone have any news on how AA are getting on with the national ID needing to be registered for every SIM card on their books. Deadline is 6th April (latest deadline anyway! could be extended). Wondering if we will only get an update in next statement or if other news on progress out there. Wouldn’t like to see it adversely affecting the customer numbers here to a great degree hence why I ask

[2vdm] 23/3/2021 09:06

I'm not sure about that hernando. The RNS states "The Transaction is subject to customary closing conditions including necessary regulatory filings and approvals, as necessary, and the inclusion of specified mobile money business assets and contracts into AMC BV." However, I can't really see anybody objecting to it.

AAF pays a good and well covered dividend. Simply Wall Street
( hxxps://simplywall.st/stocks/gb/telecom/lse-aaf/airtel-africa-shares ) has a "fair value" at £1.52 and even if that's way off target, this looks like a well run and cash generative company. Of course, being in Africa carries geo-political risk, but it still looks attractive. I sold out at 77p, having made a good profit here, although I'm not sure that was such a good move now and have bought back in again.

[hernando2] 19/3/2021 10:41

I read it as this current transaction is signed and done, the no certainlty refers to the potential sales of the rest of the 25% that they want to sell, prior to a potential IPO within 4 years.

[paulo435] 19/3/2021 09:04

Absolutely 2v. Not a done deal yet of course.

[2vdm] 19/3/2021 07:38

I agree with both your comments and have been a LTH here. I hope it works out well, but note the rns proviso "There can be no certainty that a transaction will be concluded or as to the final terms of any transactions."

[paulo435] 18/3/2021 11:10

Is likely just under the radar somewhat at the moment - but as news spreads we should see some lift. Slowly climbing this morning I see - 5%

[hernando2] 18/3/2021 10:35

Velvetide

That didn’t register until i looked at TPG, big outfit and as you say a vote of confidence for a firm operating in this part of the world.

I notice in the detail , if they don't float in 4 years, TPG can liquidate for a minimus of 200 million and maximum of 400 million if they wish.

I think it's very positive.