stcool:
They have started with their estimates... Retail investors may not get this one until they have taken it to 180-200

https://businessday.ng/technology/article/updated-offers-fly-in-from-investors-ahead-of-mtns-listing/

MTN would be listing about 20.35 billion shares, at possibly an N80-90/share price range, according to the consensus analysts’ estimates.

That would value the stock at around 5 times Earnings Before Interest Tax, Depreciation and Amortisation (EBITDA). That’s almost half the frontier average, suggesting that at N90 per share, MTN will be undervalued compared to telecommunication companies in frontier markets.
Analysts at Cordros Capital believe the stock is worth NGN194 per share, implying a 116-143 percent upside on the proposed listing price.

On this basis, it is quite understandable that investors are falling over one another to get a hold on MTNN’s stock.

I cannot understand while all this analysts are so fixated on EBITDA.

What I want to know is PAT, eps and p.e.
With that I will be able to do my own assessment of the right value for mtn.

Mcy56:

Offers or bids?

Junk Journalism...obviously meant bids

stcool:


Junk Journalism...obviously meant bids

offer to buy !

Inflation Rises to 11.37% in April on Hike in Food Prices
https://businesspost.ng/2019/05/15/inflation-rises-to-11-37-in-april-on-hike-in-food-prices/

NSE Records Surge in Retail Investor Participation
https://businesspost.ng/2019/05/15/nse-records-surge-in-retail-investor-participation/

pluto09:



I cannot understand while all this analysts are so fixated on EBITDA.

What I want to know is PAT, eps and p.e.
With that I will be able to do my own assessment of the right value for mtn.

Is this Oga in the medical field Lol

Agbalowomeri:


Is this Oga in the medical field Lol

pluto09:




To know that I sold the stock last week after putting it on offer for almost a year is painful.

I had a high expectation of the company when I bought it some years back because what the company does falls in to my area of competence.

Along the line, I felt the management derailed from the company core business mandate and I was really put off. Then and then, I decided to sell with no buyer for more than two years.

I stopped going through their annual reports again until last week when monkey hunter call my attention to it.
They will be good going forward if the management think straight and are sincere.

Mcy56:

Oga CHibuking, maybe you should keep your info to yourself since you wouldnt like people to jump in and then, they'll still be accused of not allowing you to buy again. I believe the reason you were mentioning it is to create awareness in the first place and consider views from every angle.
Dont know why you think that some people dont have the info already and even much more than you have self.
I've not read any single comment discouraging anyone from buying but rather cautioning. What if it's not what we expect it to be, just what if?
I no wan read plenty grammar say anyone discourage you here o.

Please do me a favour, always jump and pass whenever you see my post and you don't like it.

I never blame anyone for my action, unless you have done that on my behalf.

stcool:
They have started with their estimates... Retail investors may not get this one until they have taken it to 180-200

https://businessday.ng/technology/article/updated-offers-fly-in-from-investors-ahead-of-mtns-listing/

MTN would be listing about 20.35 billion shares, at possibly an N80-90/share price range, according to the consensus analysts’ estimates.

That would value the stock at around 5 times Earnings Before Interest Tax, Depreciation and Amortisation (EBITDA). That’s almost half the frontier average, suggesting that at N90 per share, MTN will be undervalued compared to telecommunication companies in frontier markets.
Analysts at Cordros Capital believe the stock is worth NGN194 per share, implying a 116-143 percent upside on the proposed listing price.

On this basis, it is quite understandable that investors are falling over one another to get a hold on MTNN’s stock.

If they take it to N180, they should better be ready to support it there themselves with their money.

They'll be expecting the retail investor to buy from them at N180. Dem no serious.

This stock is setting itself up to trade below listing price. A good number of retail investors today are experienced. They are battle tested from the 2007 era. They wouldn't bulge until it goes below listing price.

Afterall, how many stock a trading above their listing/IPO/PO prices?

Chibuking81:
Please do me a favour, always jump and pass whenever you see my post.

I can't but stop by to comment cos of your blowing hot and cold.
You already said you would keep your info to yourself, why spamming the thread upandan again? Guess a reminder should be in order.
You may do well to limit your spamming as well. We don hear.

Stock Market Indecision

Hello stock traders, I am a novice trader, I trade mostly Forex. Though I hear the stock market is equally a good place to invest in for better returns, I know next to nothing about the market.

So I need professional advice on the recently announced MTN shares listed at N90 per share. What are your thoughts? Is it a good price? Would you advice I buy some of it? What broker would you recommend I trade this stock with?

pluto09:



I cannot understand while all this analysts are so fixated on EBITDA.

What I want to know is PAT, eps and p.e.
With that I will be able to do my own assessment of the right value for mtn.

God bless u plenty why make something so simple complex

we call it bamboozing

Bacteriologist:
Hello stock traders, I am a novice trader, I trade mostly Forex. Though I hear the stock market is equally a good place to invest in for better returns, I know next to nothing about the market.

So I need professional advice on the recently announced MTN shares listed at N90 per share. What are your thoughts? Is it a good price? Would you advice I buy some of it? What broker would you recommend I trade this stock with?

Check this post:

https://www.nairaland.com/5188859/how-buy-mtn-shares-nigerian#78407888

stcool:


Oga... Nobody is discouraging people to buy all we are saying is exercise caution. Even me I already took a loan to buy more DF and some may go into MTN but not above 100 Naira.

So my approach is as much as I want MTN, I won't buy above N100, and if I can't get it due to the rush... I will wait until their year end result comes in. Then I will re-evaluate.

I have some questions I'll love to pass across to u sir, can I send u a mail?

PETERiCHY:


When MTN finally come on board I will careful monitor their share price for 6months and if I'm convinced by year end i will liquidate ALL my investments in the MONEY MARKET and move into it.

We all know TELECOMS still have a very long way to go but I dry fear Nigeria MAGO MAGO

MTN MAGO MAGO is finally here
DONT BE TRAMPLED in the STAMPEDE.
BARGAIN HUNTERS TAKE NOTE!

453b

pluto09:
Does anyone here have an idea what is the PAT for mtn for the year 2018?

cc : Rebekah, ogg, wanaj0

yungestmoney:

I have some questions I'll love to pass across to u sir, can I send u a mail?

Post it here... You will get more contributions

stcool:
They have started with their estimates... Retail investors may not get this one until they have taken it to 180-200

https://businessday.ng/technology/article/updated-offers-fly-in-from-investors-ahead-of-mtns-listing/

MTN would be listing about 20.35 billion shares, at possibly an N80-90/share price range, according to the consensus analysts’ estimates.

That would value the stock at around 5 times Earnings Before Interest Tax, Depreciation and Amortisation (EBITDA). That’s almost half the frontier average, suggesting that at N90 per share, MTN will be undervalued compared to telecommunication companies in frontier markets.
Analysts at Cordros Capital believe the stock is worth NGN194 per share, implying a 116-143 percent upside on the proposed listing price.

On this basis, it is quite understandable that investors are falling over one another to get a hold on MTNN’s stock.

Hahahaha.

Cordros Capital sha.

They are involved in this listing and have now sent out their analysts to damage people's pockets.

Na waa o.

I'm a client of theirs and they sent me their usual sweet analysis by email this morning, with MTN as the topic of course.

Only for me to realize they are probably one of the book runners.

pluto09:
Does anyone here have an idea what is the PAT for mtn for the year 2018?

cc : Rebekah, ogg, wanaj0

rebekah2011:
453b

bro what is the net asset?

Cc Rebekah

90 naira/ share mmm.. I’ll wait this one out.. this is not PZ or nestle era oo.. na trader full nse now and I just need few of them on board mtn, the price go com down

Retail investors should no bother until price hits... N180 it will not be available. Just coming from an event hosted by Renaissance Capital at Intercontinental hotel...Annual Pan Africa Investor Conference.
Big boys are not smiling I gum body follow go

Market will be sweet tomorrow
Don't be carried away... even by any expert, exercise caution.

Funny thing is the event has Cordros and Renaissance on it.

stcool:
Retail investors should no bother until price hits... N180 it will not be available. Just coming from an event hosted by Renaissance Capital at Intercontinental hotel... Big boys are not smiling I gum body follow go

Market will be sweet tomorrow
Don't be carried away... even by any expert, exercise caution.

Funny thing is the event has Cordros and Renaissance on it.

Notore yet to leave #62 listing junction..........mtn ok na

rebekah2011:
453b

Are you sure about this?
I am talking about net profit and not gross profit.
If PAT is 453b then eps will be 453/20 which gives us 85.6.

If that is true, mtn will be selling at a ridiculous low price at N90 as p.e will be close to 1 . impossible

pluto09:


Are you sure about this?
I am talking about net profit and not gross profit.
If PAT is 453b then eps will be 453/20 which gives us 85.6.

If that is true, mtn will be selling at a ridiculous low price at N90 as p.e will be close to 1 . impossible

how 85.6? u mean 22.5

pluto09:


Are you sure about this?
I am talking about net profit and not gross profit.
If PAT is 453b then eps will be 453/20 which gives us 85.6.

If that is true, mtn will be selling at a ridiculous low price at N90 as p.e will be close to 1 . impossible

Don't mind him.

Q1 2019 PAT was N48.4b.

Try and extrapolate this to 4 quarters. And it could come lower possibly.

I don't do IPO. I wish people can learn from times before 2008 crash.

But wetin concern me. No be my money!

pluto09:
Does anyone here have an idea what is the PAT for mtn for the year 2018?

cc : Rebekah, ogg, wanaj0

rebekah2011:
453b

@ Rebakah, the figure of 453B u quoted as PAT for YE 2018 is incorrect !!
I have copies of MTN Nigeria results including that of Q1 2019.
When analysing their financial print, its important to focus and work solely with that of MTN Nigeria, as that is the only subset thats been listed.

For FY 2018, the group made a PAT of approx 145.7B... up by near 80% from the previous year(2017) guidance.
...with Attributable earnings(EPS) rising by approx same margin(79.7%) from just above N199 in 2017 to N357.87 in 2018.
Revenue also came in good amidst a cut down across the groups cost line, safe for the core of the company's roaming cost and DNOP.
I have been impressed by the drop in cost related to VAS, finance cost and transmission cost.
From where am standing, there seems to be far more pros ahead of cons with their result.
Adjusting for risk @ zero growth, the expected listing price seems a juicy bargain, but then, this is Nigeria... and this is the NSE.
But then again, we are talking about MTN !!

Time will not permit me to give an in-depth analysis of their financial print.

Cheers.

#backtowork

pluto09:



I cannot understand while all this analysts are so fixated on EBITDA.

What I want to know is PAT, eps and p.e.
With that I will be able to do my own assessment of the right value for mtn.

That was what starcomms used. They were reeling out losses(LAT and not PAT) and they kept using EBITDA because this was positive. All men went to their tents when EBITDA started showing negative.

Sometimes @deepsuck says the truth about scammers trying to turn people to shellholders.

IPO ~ It's Probably Overpriced.

currentprice:


how 85.6? u mean 22.5

Thanks for the correction.

People will make money from MTN listing tomorrow...
Just make sure you have a bench mark for you buy, mine is set at N100, but with the buzz I am seeing then may be N100-120 I will buy.

But I am sure people, MTN will make most people very rich.

onegentleguy:



@ Rebakah, the figure of 453B u quoted as PAT for YE 2018 is incorrect !!
I have copies of MTN Nigeria results including that of Q1 2019.
When analysing their financial print, its important to focus and work solely with that of MTN Nigeria, as that is the only subset thats been listed.

For FY 2018, the group made a PAT of approx 145.7B... up by near 80% from the previous year(2017) guidance.
...with Attributable earnings(EPS) rising by approx same margin(79.7%) from just above N199 in 2017 to N365.87 in 2018.
Revenue also came good amidst a cut down across the groups cost line, safe for the core of the company's roaming cost and DNOP.
I have been impressed by the drop in cost related to VAS, finance cost and transmission cost.
From where am standing, there seems to be far more pros ahead of cons with their result.
Adjusting for risk @ zero growth, the expected listing price seems a juicy bargain, but then, this is Nigeria... and this is the NSE.
But then again, we are talking about MTN !!

Time will not permit me to give an in-depth analysis of their financial print.

Cheers.

#backtowork

You are well appreciated, thanks.

RabbiDoracle:


That was what starcomms used. They were reeling out losses(LAT and not PAT) and they kept using EBITDA because this was positive. All men went to their tents when EBITDA started showing negative.

Sometimes @deepsuck says the truth about scammers trying to turn people to shellholders.

IPO ~ It's Probably Overpriced.

I don't do IPO myself.
This one might be different if I am convinced by their number.