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
  -2.60 -3.37% 74.60 1,165,344 16:35:01
Bid Price Offer Price High Price Low Price Open Price
74.80 75.20 79.00 74.80 79.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 2,771.29 481.89 8.31 9.9 2,804
Last Trade Time Trade Type Trade Size Trade Price Currency
17:36:36 O 2,000 77.495 GBX

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Date Time Title Posts
23/1/202112:46Airtel Africa114
28/1/202010:28Airtel Africa6

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Airtel Africa (AAF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-25 17:46:0777.502,0001,549.90O
2021-01-25 17:21:4876.145,1353,909.94O
2021-01-25 17:08:1777.2148,86037,724.81O
2021-01-25 17:08:0874.60830619.21O
2021-01-25 17:06:3775.973,2942,502.55O
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Airtel Africa (AAF) Top Chat Posts

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 77.20p.
Airtel Africa Plc has a 4 week average price of 74p and a 12 week average price of 58.40p.
The 1 year high share price is 96.30p while the 1 year low share price is currently 25.74p.
There are currently 3,758,151,504 shares in issue and the average daily traded volume is 1,358,186 shares. The market capitalisation of Airtel Africa Plc is £2,803,581,021.98.
robsy2: That can only help. AAF is a bit under the radar.
paulo435: 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: 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
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?
sphere25: 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
sphere25: Peculiar price action to a small institutional sell representing only 1.6% of the company. You'd expect to see such price action on a large insider dump for fear of it being a signal on the valuation of the company. I guess it is somewhat odd to have to place like that with such a small chunk of the company. On balance though, I have bought some as a trading position on this plunge down at 73p. Stop at under the intraday low of 70p. A recovery to at least 80p looks sensible based on what appears to be an overreaction. All imo
thelongandtheshortandthetall: I'm not too au fait with AAF but just trying to take advantage of a possible Mr Market spasm. Have had these on my watch and thought a good time to dip ones toe :)
robsy2: Back to the IPO price. Let’s see if we can press on from here.
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.
robsy2: My guess/hope is the investment community is seeing the value here. Also the share price is pretty knocked about, we are still below the ipo price of last year.
Airtel Africa share price data is direct from the London Stock Exchange
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