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AAF Airtel Africa Plc

109.80
2.90 (2.71%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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
  2.90 2.71% 109.80 3,426,787 16:35:21
Bid Price Offer Price High Price Low Price Open Price
110.10 110.30 110.70 106.50 106.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Radiotelephone Communication USD 5B USD 761M USD 0.2037 5.41 3.99B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:47:01 O 12,660 109.782 GBX

Airtel Africa (AAF) Latest News (2)

Airtel Africa (AAF) Discussions and Chat

Airtel Africa Forums and Chat

Date Time Title Posts
25/7/202414:17Airtel Africa670
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
2024-07-26 15:47:05109.7812,66013,898.40O
2024-07-26 15:35:21109.801,248,4431,370,790.41UT
2024-07-26 15:29:40110.30559616.58O
2024-07-26 15:29:25110.3011.10O
2024-07-26 15:27:58110.302,9613,265.98O

Airtel Africa (AAF) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Airtel Africa Daily Update
Airtel Africa Plc is listed in the Radiotelephone Communication sector of the London Stock Exchange with ticker AAF. The last closing price for Airtel Africa was 106.90p.
Airtel Africa currently has 3,736,182,934 shares in issue. The market capitalisation of Airtel Africa is £4,117,273,593.
Airtel Africa has a price to earnings ratio (PE ratio) of 5.41.
This morning AAF shares opened at 106.50p
Posted at 09/5/2024 08:04 by qs99
Still a massive write off on Forex issues, until that is sorted, Imo sort of relying on share buybacks to keep share price up? Views? DYOR
Posted at 15/4/2024 18:06 by 5teadyeddie
Just looked at this for the first time. Tricky analysis: AAF earns income in depreciating currencies and pays for the infrastructure in hard currencies. FY23 accounts shows its debt is two-thirds in USD, but probably that will fall when the $550m of head office debt is paid down in May.

This problem will not go away as their expectation is for technology obsolescence every ten years so a new round of capex - importing the latest tech - will be needed in hard currency again.

YoY revenues in constant currencies are rising strongly, but it doesn't appear to have the ability to raise rates easily in Nigeria, where the black market rate FX and market FX rates have recently been equalised, halving the balance sheet value of AAFs assets. Are the market rates and black market rates already diverging again? Who knows?

Nigeria is 40% of revenues and similar shares of EBITDA and capex.

Also, I don't know how they lost $245m on their FX hedges: I'd have expected them to pay out when the currency was devalued?? Unless this is a loss on the translation of their foreign assets into USD after devaluation, and is just inaccurately described?

Too complicated/difficult for me to invest...
Posted at 04/4/2024 08:51 by wsm812
(Sharecast News) - Indian Continent Investment, a firm linked to Airtel Africa non-executive director Shravin Bharti Mittal, added to its stake in the telecommunications group ahead of the Easter break.

On 28 March, the firm purchased approximately 1.140m shares, at £1.0593 apiece, through the London Stock Exchange.

The total transaction amount reached £1,207,338.17.

It followed a flurry of other large share purchases throughout the latter half of the second quarter.
Posted at 26/3/2024 16:18 by qs99
These are huge purchases, presume that is a good sign directors spending so much money? DYOR and IMO! views?

With further share buy-backs, should we see this trend back towards £1.20?
Posted at 26/3/2024 15:13 by pharmaboy3
Large Mittal purchasesHTTps://www.voxmarkets.co.uk/rns/announcement/54789fa7-7f41-48c6-9899-e95a3406a4efAirtel Africa PLC - Director/PDMR Shareholding #AAF HTTps://www.voxmarkets.co.uk/rns/announcement/47d51162-f1b2-427f-96ec-9c2074581af9 #voxmarkets
Posted at 14/3/2024 08:09 by wsm812
Bought in at a lower price than they are buying themselves! haha
Posted at 19/2/2024 11:22 by jane deer
Tiger. I can’t say I know what the market is afraid of but I can say what worries me (and stops me adding to my position at present):

1). AAF $debt. While the holdco $ debt is likely to be repaid in a few months (I think enough cash is already sitting there to pay it off), there is also significant debt at the local companies. Over time, AAF has been trying to move this into local currencies. The one subsidiary where I believe (DYOR) there is still aa significant amount of USD denominated debt is Nigeria, where I seem to remember reading that 20% of the debt was still USD denominated.


2). The scale of the devaluation of the Naira will clearly be inflationary. AAF’s costs (in Naira) will be increasing sharply. I am unclear if they have the ability to increase pricing proportionately - to what exent do they need approval from regulator/ Govt?


I am interested in adding but I need to get comfortable on these two points.
Posted at 19/2/2024 10:12 by tigerbythetail
I forget the percentage (dig in the annual report if you need the exact number), but it's quite a bit - Nigeria is AAF's biggest market by a distance.
What puzzles me is the devaluation of the naira (to the black market rate) is a one-off hit. And a sensible long-term economic reform.
All in all, I want exposure to the growth possibilities of a huge and vibrant (if chaotic) African market like Nigeria. So I don't get this share price movement at all - AAF is down 30% in a month. Happy to buy for the long term at these levels, though, so not complaining!
Posted at 18/2/2024 13:43 by tigerbythetail
I don't get this at all. The black market rate of the Nigerian naira was always the "true" rate, and the official rate was always fundamentally artificial.
The new President in Nigeria has devalued the official naira rate so that it now matches the black market rate - IMO a sensible economic reform.
Why on earth has this caused a massive plunge in AAF's share price? As far as I can tell, nothing about the business has essentially changed!
Oh, and a $100m buyback is roughly 2% of all shares in issue. Yes, that will make a difference.
Posted at 05/2/2024 14:55 by welshblade1
Why such a bad few weeks with this share price. Results seemed ok..
Airtel Africa share price data is direct from the London Stock Exchange

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