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Share Name Share Symbol Market Type Share ISIN Share Description
Airtel Africa Plc LSE:AAF London Ordinary Share GB00BKDRYJ47 ORD USD0.50
  Price Change % Change Share Price Shares Traded Last Trade
  2.40 3.04% 81.30 2,006,121 16:35:16
Bid Price Offer Price High Price Low Price Open Price
80.90 81.05 81.05 79.20 81.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 2,771.29 481.89 8.31 11.0 3,055
Last Trade Time Trade Type Trade Size Trade Price Currency
17:25:02 O 4,039 80.214 GBX

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Date Time Title Posts
07/5/202109:34Airtel Africa177
28/1/202010:28Airtel Africa6

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Airtel Africa Daily Update: Airtel Africa Plc is listed in the Mobile Telecommunications sector of the London Stock Exchange with ticker AAF. The last closing price for Airtel Africa was 78.90p.
Airtel Africa Plc has a 4 week average price of 70.30p and a 12 week average price of 70.30p.
The 1 year high share price is 96.30p while the 1 year low share price is currently 33.50p.
There are currently 3,758,151,504 shares in issue and the average daily traded volume is 2,976,575 shares. The market capitalisation of Airtel Africa Plc is £3,055,377,172.75.
myoung1982: Buys pouring in get the price isn't ticking up? So bizarre. Good discount though right now to top up
2vdm: 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.
wmb194: @ Ferrugia: "Who is this mysterious seller who doesn't want to be named?" In December it was GIC Private Limited. hxxps:// 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: 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.
paulo435: JP Morgan upgrading to a target price of 100p this morning I see and overweight
paulo435: (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 $200 million. Mastercard and Airtel Africa have also agreed to deepen their partnerships across numerous markets and areas including card issuance, payment gateway, payment processing, merchant acceptance and remittance solutions, among others, Airtel Africa said. Airtel Africa said it aims to continue to monetize its mobile money business with minority investments of up to a total of 25% of the issued share capital of AMC BV and to explore a potential listing of the unit within four years. Proceeds from the transaction will help Airtel Africa to reduce debt and invest in network and sales infrastructure, it said.
2vdm: I'm not sure about that hernando. The RNS states "The Transaction is subject to customary closing conditions including necessary regulatory filings and approvals, as necessary, and the inclusion of specified mobile money business assets and contracts into AMC BV." However, I can't really see anybody objecting to it. AAF pays a good and well covered dividend. Simply Wall Street ( hxxps:// ) has a "fair value" at £1.52 and even if that's way off target, this looks like a well run and cash generative company. Of course, being in Africa carries geo-political risk, but it still looks attractive. I sold out at 77p, having made a good profit here, although I'm not sure that was such a good move now and have bought back in again.
robsy2: Me too . I doubled my investment here this morning getting in at a shade under 85p. Very pleased.I don't normally do things in such a hurry but it looks like a game changer .I think we are all aware of how AAF 's money transfer online financial business is a key part fo it all but I had no idea it was this big. Quite right Hernando, this is a game changing valuation going forward with lots of the fabled margin of safety. All in USD:I make it MCAP now ex AMC is 4.2b-2.65b= 1.55billion US$. EBITDA is forecast around 1b USD for 2021, less AMC contribution of (?) 216m USD gives us approx 750-800 m US$ of EBITDA for a market cap of 1.55b USD. Keep buying! R
qs99: 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?
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 “OUTPERFORM221; and have target price of 79p, not wildly above the current price admittedly, but analysts expect the company to pay a dividend for the year to 31.03.21 of 6.7 cents . This puts it on a cash covered dividend yield of nearly 8%. • 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:// is worth a look. 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.
Airtel Africa share price data is direct from the London Stock Exchange
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