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
  -7.80 -6.04% 121.30 2,169,246 16:35:10
Bid Price Offer Price High Price Low Price Open Price
120.10 120.80 126.20 120.50 126.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 2,843.03 505.64 6.53 18.0 4,559
Last Trade Time Trade Type Trade Size Trade Price Currency
18:28:24 O 5,700 122.86 GBX

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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 129.10p.
Airtel Africa Plc has a 4 week average price of 104.80p and a 12 week average price of 92.35p.
The 1 year high share price is 139.70p while the 1 year low share price is currently 70.30p.
There are currently 3,758,151,504 shares in issue and the average daily traded volume is 994,088 shares. The market capitalisation of Airtel Africa Plc is £4,558,637,774.35.
bountyfull: Saw this Buy Airtel Africa (AAF) by Goldman Sachs and Buy Airtel Africa (AAF) by UBS Tip Performance 11.18%
qs99: Another nice piece to the puzzle.....great momentum, business wise and share price graph!!
battyliveson: I noticed MTN has bid for rival in SA. I believe this shows potential in mobile across Africa and if that deal is blocked maybe AAF will be on their shopping list as MTN have reportedly a large cash pile. MTN are up even more than AAF this year. I see the mobile companies are all getting into banking and insurance via mobile and see this as a long-term growth driver. I have a starter position and some orders if there is a pull-back. G
tole: https://www.fool.co.uk/2021/11/05/former-penny-stock-airtel-africa-soars-10-on-banking-breakthrough/Former penny stock Airtel Africa soars 10% on banking breakthroughRoyston Wild | Friday, 5th November, 2021 | More on: AAFArrowings ascending on a chalkboard Image source: Getty Images.Telecoms play Airtel Africa (LSE: AAF) has soared 10% on Friday. That came after its sealed approval to launch banking operations in Nigeria. The former penny stock struck new all-time highs of 124.5p per share earlier in the session.Airtel Africa provides mobile telecoms services in 14 African countries as well as mobile money services. It said its subsidiary SMARTCASH Payment Service Bank Limited had received approval in principle to operate a payment service bank business in Nigeria.Final approval is subject to Airtel Africa meeting certain conditions within six months.Commenting on the news, chief executive Segun Ogunsany said: "The final operating licence will enable us to expand our digital financial products and reach the millions of Nigerians that do not have access to traditional financial services."Why it's a big dealAirtel Africa's Airtel Money division offers customers variety of services including payment services, loans, savings and international money transfers. It's a field that's enjoying breakneck growth. This is due to low levels of banking product penetration on the continent and rising wealth levels.Revenues at Airtel Money rocketed 42.7% in the six months to September, to $259m. This helped pull turnover at group level 25.2% higher to $2.27bn.Today marks the latest chapter in Airtel Money's expansion story. In early October the business announced a new partnership with African payments company, Flutterwave, to expand its money division across East Africa. That deal will allow customers in Tanzania, Zambia, Malawi, Kenya and Rwanda to receive and make payments from and to Airtel Money customers.
saltaire111: Looking at the results for the half year, the EPS is 7.6p. If they match this in the second half of the year, that puts The PE on 7.2x with the share price at 110p. That’s astonishingly cheap for a company with an EBIDA margin of 48.3% (which is obscene!). I guess it all depends on whether they can match the first half earnings in the second half. Salty.
tole: https://www.fool.co.uk/2021/10/28/100-profit-growth-a-no-brainer-ftse-250-stock-id-buy-today/100% profit growth! A 'no-brainer' FTSE 250 stock I'd buy todayStuart Blair | Thursday, 28th October, 2021 | More on: AAFImage depicting web connectivity from a mobile phone Image source: Getty Images.Since its lows in May last year, the Airtel Africa (LSE: AAF) share price has tripled in value. This is mainly due to its recovery from the pandemic, as highlighted by a series of excellent results. Today was no different, with the FTSE 250 stock reporting profit before tax growth of 101% for its latest six months. This has seen the Airtel Africa share price rise over 10% today. As such, following the trading update, I'm very tempted to add more Airtel Africa shares to my portfolio. Here's why.Trading updateThe half-year trading update was strong across the board. Indeed, in comparison to the same period last year, revenues were 25% higher at $2.272bn. Further, the group saw revenue growth in each of its different segments, with mobile money showing particularly robust growth of 42%. This demonstrates that the company is still growing quickly.And unlike many other growth stocks, Airtel Africa is also recording strong profits, and it said profit before tax totalled $567m. As already stated, this is a 101% increase on last year's results. As profits rose quicker than revenues, it shows that the company is improving its operating efficiency. This is a good sign for the future, and hopefully, profits can continue to grow.The group's current profitability also means that the stock trades on a cheap valuation. In fact, using these results, Airtel Africa has a price-to-earnings ratio of around 9. This is lower than a large majority of other FTSE 250 stocks, and ratios under 10 often indicate that growth is either slow or negative. As this doesn't seem the case with Airtel Africa, I feel that it's undervalued.Other factorsNevertheless, this low P/E ratio may reflect some of the risks associated with the group. For example, while Africa is seen as a high-growth area, it's also seen as very unpredictable. In fact, Sub-Saharan Africa has recently experienced a third wave of coronavirus, caused due to vaccination levels remaining very low. Many African currencies, such as the Nigerian naira and the Zambian kwacha, have also seen devaluations recently. Both these factors may have a negative impact on Airtel Africa, something which makes it riskier than some other FTSE 250 stocks.But I'm confident that it can cope with these problems. For instance, the company has managed to consistently grow its customer base, which most recently reached 122.7m. The balance sheet has also been steadily improving, and net-debt-to-underlying EBITDA is now only 1.5x. I feel that this is sustainable.What am I doing with this FTSE 250 stock?Airtel Africa makes up the largest part of my portfolio, and I'm still tempted to buy more. Its growth is excellent, and it's accompanied with a dividend of around 4%. Its subsidiary, Airtel Money, is also delivering excellent growth, and this has prompted an investment from Mastercard. As such, while there are no doubt risks associated with this stock, there are too many positives to ignore in my view. Therefore, I believe that Airtel Africa is a 'no-brainer' buy for me so I may buy more.
qs99: Any new broker notes anyone found yet? Would be really interested to see whether they have upgraded etc. Agree 2vdm that as they de-leverage, increase divis and continue to deliver v. healthy EBITDA, unless the share price starts a re-rating then they would IMO be a prime takeover target! DYOR etc. Cheers Qs99
bountyfull: A very good write up about AAF in this weeks Money Week Mag - basically saying buy due to strong growth prospects especially in mobile data and its provision of mobile banking and money transfer - this side of the business is growing at 30% a year. Mastercard bought a small stake in the subsidiary, which will allow AAF to invest more money in expansion. Well worth the read.
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...
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://airtel.africa/ 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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