₦airaland Forum

Macky2:
You are very right bro, must watch movie for everyone before investing in Nigerian Stock market. NSE really dealt with me between 2006 and 2007

EVERYONE and their grandmama rushed to the market during that boom that turned out to be a bubble (even taxi drivers and Keke Napep operators), and as with everything else greater demand resulted in higher prices and less due diligence by those desperate to get into the action. Some people were even borrowing money (so-called “margin loans”) to invest in the market, which was not sound business judgment.
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wiseone28:
My next coming to earth i will answer Dasuki seems that name is synonymous with money

wat of folawiyo or ABACHA

Amitez:
I tend to see your point here. Why go public via private listing? Ordinarily if MTN needs money, it would have gone for IPO. Private listing appears to be an avenue for the existing shareholders to push the value and offload to gullible investors. It is quite simple, release small quantities and push the price to above 25% and begin offloading. The new shareholders will start praying to God for mercy. Recall 2007/2008 scam on the NSE. Unfortunately, we do not learn. [b[Every investor must ask "why private listing"?[/b] The same people held the shares all this while. They have been reaping the dividends. So why are they so "generous" now to make it public for small investors?

Again, the names you mentioned as lead investors and the issue of fine paid to FG ring an alarm, and should put everyone on enquiry.

vaxx1:
why will such a bigger company like MTN opted for DIP? I actually don't understand. This type of option ate known for smaller company

It is NOT a private listing...
Rather, it is a PUBLIC listing by introduction.

Nonetheless, the simple answer is that MTN Nigeria is currently embroiled in a public and highly-visible tax dispute precipitated by Nigeria’s erratic (and IMHO frankly poor) Attorney-General who apparently elected to usurp the brief of the tax authorities (the FIRS), and accordingly doing an IPO before that dispute is resolved (one way or another) would be would likely result in a substantial undervaluation of the stock.
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Okoyeebows:
Before you put 1 Naira in the Nigerian stock exchange, go and watch THE WOLF OF WALL STREET. Nigerian Stock Exchange is a place run by Judas Iscariots. Go and find out what Ndi Okereke Onyuike did there. Go and find out what Transcorp did there.

People regularly get burnt in that place of corporate scammers, you need sound financial education to make money there.

Let me tell you a secret Mtn doesn't want you to know. There is a company called MTN International (Mauritius) Limited, which has the controlling 76.08 per cent equity, or 15,485,544,050 shares valued at about N309.71 billion. Once they recoup their money paid as fine with extra by gullible Nigerians, they are getting out. That's exactly how Etisalat got a cash investment and Mudabala telecoms (the Arab owners) ran off with the money.

What most people don't know is that just last Friday, Mtn borrowed 200 Billion for a 7 year tenure from a consortium of banks just Friday 17th of May.

You see that fine mtn paid, they are stylishly collecting it back from Nigerians. They would eventually dump everything and run off like Etisalat. They are scamming as much people as possible preparatory to running away.

The banks they obtained the loan from know this but they don't care. They would willingly take over mtn like they did to Etisalat.

This same Gbenga Oyebode on Mtn board is the chairman of Access bank. Go and find out what Access bank did to Etisalat.

Good one.

Copied to: https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/4584#78560773

9jaRealist:
It is NOT a private listing...
Rather, it is a PUBLIC listing by introduction.

Nonetheless, the simple answer is that MTN Nigeria is currently embroiled in a public and highly-visible tax dispute precipitated by Nigeria’s erratic (and IMHO frankly poor) Attorney-General who apparently elected to usurp the brief and powers of the tax authorities (the FIRS), and doing an IPO before that dispute is resolved (one way or another) would be would likely result in a substantial undervaluation of the stock.
>

i never mention private listing, i said direct listing PROCESS via public outreach. This only means, the equity is restricted to only already existing shareholder . No new holder here expect the existing holder's is willing to sell its own share .

Most of the investors are oil and gas. We re still yet to explore more potential in agriculture, technology, etc

Okoyeebows:
[s][/s]

Generational pauper, I am not responsible for your frustration. Go and meet those who failed to plan their lives and used their foolishness to ruin yours.

Oloriburuku masanfani Omo eran. I'm done talking to you.

9jaRealist:
MTN has been in Nigeria for almost 20 years.

They initially came to Nigeria (paying as much as US$285 million just for a license) when NOBODY of repute was willing to invest in Nigeria (the GSM bidding round was a transparent public process, supervised by the World Bank), and has literally invested TRILLIONS OF NAIRA into the Nigerian economy, building thousands of sites and creating tens of thousands of direct and indirect jobs in Nigeria (according many of our young engineers and graduates with decent professional employment), supporting/empowering subcontractors and others across the value chain, and even setting the pace in CSR and corporate philanthropy through its MTN Foundation. And even if the original investors were to pull up stakes and exit Nigeria, the behemoth telecommunications company and business that has become MTN Nigeria will still exist and remain in Nigeria, and continue to offer services to Nigerian (even if under a different corporate identity, as in the case of Etisalat Nigeria/9mobile). It’s not like they will carry the company/investment on their heads and leave town!

There’s a real seminal lesson here that folks should not particularly live their lives or conduct their affairs on the basis of movies (or anything else where the principal aim is dramatic effect). Even in the US where “The Wolf of Wall Street” was based (and you can add a whole host of other movies such as “Boiler Room”), investment and trading of stocks continues unabatedly (and btw, so does fraud which is why personal due diligence is a prerequisite WHENEVER or WHEREVER you invest in securities). The Great Recession, which was precipitated by the financial crises of 2007/2008, did not start in Nigeria (albeit its effect was ultimately felt in Nigeria, as with the rest of the world). Rather, it was started on Wall Street and all of the other supposedly great capitals of capital. And yet, NOT ONE PERSON of note on Wall Street ended up in prison. Please let’s try to avoid the dangers of the single narrative or affirming the saying that half-education can be more dangerous than none at all.
>

Thank you. And for that illiterate, now that someone has taken the pains to educate you, I hope you'll leave your face me I face you office, get a real life, stop boasting emptily on the net, stop aiding and abetting armchair lies and analysis and stop bad-mouthing genuinely successful people.

vaxx1:
i never mention private listing, i said direct listing PROCESS via public outreach. This only means, the equity is restricted to only already existing shareholder . No new holder here expect the existing holder's is willing to sell its own share .

That’s NOT correct...

Listing by introduction merely means that no new shares are created (and thus value is not diluted) for the offering, as opposed to an IPO whereby new shares are created and offered (and accordingly substantively diluting the value of existing shares). In effect, the former is a secondary offering while the latter is a primary offering. Nonetheless, in either case, NEW shareholders are added and the new holders hold equity with EQUAL powers and rights attached to each offered share as those held by existing shareholders.
>

Okoyeebows:
Before you put 1 Naira in the Nigerian stock exchange, go and watch THE WOLF OF WALL STREET. Nigerian Stock Exchange is a place run by Judas Iscariots. Go and find out what Ndi Okereke Onyuike did there. Go and find out what Transcorp did there.

People regularly get burnt in that place of corporate scammers, you need sound financial education to make money there.

Let me tell you a secret Mtn doesn't want you to know. There is a company called MTN International (Mauritius) Limited, which has the controlling 76.08 per cent equity, or 15,485,544,050 shares valued at about N309.71 billion. Once they recoup their money paid as fine with extra by gullible Nigerians, they are getting out. That's exactly how Etisalat got a cash investment and Mudabala telecoms (the Arab owners) ran off with the money.

What most people don't know is that just last Friday, Mtn borrowed 200 Billion for a 7 year tenure from a consortium of banks just Friday 17th of May.

You see that fine mtn paid, they are stylishly collecting it back from Nigerians. They would eventually dump everything and run off like Etisalat. They are scamming as much people as possible preparatory to running away.

The banks they obtained the loan from know this but they don't care. They would willingly take over mtn like they did to Etisalat.

This same Gbenga Oyebode on Mtn board is the chairman of Access bank. Go and find out what Access bank did to Etisalat.

Omo, seriously. Man, can you be my financial adviser

9jaRealist:
That’s NOT correct...

Listing by introduction merely means that no new shares are created (and thus value is not diluted) for the offering, as opposed to an IPO whereby new shares are created and offered (and accordingly substantively diluting the value of existing shares). In effect, the former is a secondary offering while the latter is a primary offering. Nonetheless, in either case, NEW shareholders are added and the new holders hold equity with EQUAL powers and rights attached to each offered share as those held by existing shareholders.
>

what are you saying, if no new shares are created and value not diluted, how will new shareholder be added if not thru existing shareholder?.

Direct public listing make the board of chairman unnecessarily powerful, they can withdraw secondary members at will even the company owner from office .

Okoyeebows:
Before you put 1 Naira in the Nigerian stock exchange, go and watch THE WOLF OF WALL STREET. Nigerian Stock Exchange is a place run by Judas Iscariots. Go and find out what Ndi Okereke Onyuike did there. Go and find out what Transcorp did there.

People regularly get burnt in that place of corporate scammers, you need sound financial education to make money there.

Let me tell you a secret Mtn doesn't want you to know. There is a company called MTN International (Mauritius) Limited, which has the controlling 76.08 per cent equity, or 15,485,544,050 shares valued at about N309.71 billion. Once they recoup their money paid as fine with extra by gullible Nigerians, they are getting out. That's exactly how Etisalat got a cash investment and Mudabala telecoms (the Arab owners) ran off with the money.

What most people don't know is that just last Friday, Mtn borrowed 200 Billion for a 7 year tenure from a consortium of banks just Friday 17th of May.

You see that fine mtn paid, they are stylishly collecting it back from Nigerians. They would eventually dump everything and run off like Etisalat. They are scamming as much people as possible preparatory to running away.

The banks they obtained the loan from know this but they don't care. They would willingly take over mtn like they did to Etisalat.

This same Gbenga Oyebode on Mtn board is the chairman of Access bank. Go and find out what Access bank did to Etisalat.

One more thing...

Mubadala (not Mudabala or Mudabala Telecoms) is the sovereign wealth fund of Abu Dhabi, formed in 1967 with currently over US$820 billion of assets and a relatively reputable track record. Doubtful that it paid US$300 million for the Etisalat Nigeria GSM license as a “scam”!
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Okoyeebows:
Before you put 1 Naira in the Nigerian stock exchange, go and watch THE WOLF OF WALL STREET. Nigerian Stock Exchange is a place run by Judas Iscariots. Go and find out what Ndi Okereke Onyuike did there. Go and find out what Transcorp did there.

People regularly get burnt in that place of corporate scammers, you need sound financial education to make money there.

Let me tell you a secret Mtn doesn't want you to know. There is a company called MTN International (Mauritius) Limited, which has the controlling 76.08 per cent equity, or 15,485,544,050 shares valued at about N309.71 billion. Once they recoup their money paid as fine with extra by gullible Nigerians, they are getting out. That's exactly how Etisalat got a cash investment and Mudabala telecoms (the Arab owners) ran off with the money.

What most people don't know is that just last Friday, Mtn borrowed 200 Billion for a 7 year tenure from a consortium of banks just Friday 17th of May.

You see that fine mtn paid, they are stylishly collecting it back from Nigerians. They would eventually dump everything and run off like Etisalat. They are scamming as much people as possible preparatory to running away.

The banks they obtained the loan from know this but they don't care. They would willingly take over mtn like they did to Etisalat.

This same Gbenga Oyebode on Mtn board is the chairman of Access bank. Go and find out what Access bank did to Etisalat.

Wisdom all over your post.

The only slight correction I'll make is that there is nothing stylish about it. IPOs are a great opportunity for insiders to cash out, & depending on how well the managers run the place, the investing public could end up being bagholders.

LagosEconomist:
Wisdom all over your post.

The only slight correction I'll make is that there is nothing stylish about it. IPOs are a great opportunity for insiders to cash out, & depending on how well the managers run the place, the investing public could end up being bagholders.

+1

vaxx1:
what are you saying, if no new shares are created and value not diluted, how will new shareholder be added if not thru existing shareholder?.

Direct public listing make the board of chairman unnecessarily powerful, they can withdraw secondary members at will even the company owner from office .

It’s a SECONDARY offering...
In other words, you are simply trading already existing shares (to NEW holders).

Bear in mind that usually when a company goes public (regardless of whether it’s through a primary or secondary offering), there is often a “lockdown period” (sometimes also referred to as “lockup”) during which the company’s insiders, management, employees, and even early investors, are precluded from selling their shares (that is, other than the shares on public offer) for a substantial period of time following the offering. Accordingly, the existing holders are not simply pumping up share prices and dumping their stocks (as imputed on this thread).

Not quite sure the point that you are making about the “chairman”, but Pascal Dozie as Chairman of the board of directors if MTN Nigerian does NOT hold an executive management position nor responsibility in MTN Nigeria, and the board CANNOT “withdraw” (using your terms) publicly-traded shares from anyone who bought such shares on the exchange. These are now PUBLICLY-listed and PUBLICLY-traded shares, which means that anyone anywhere (even some dude somewhere in Kathmandu) can buy them and become part-owners of MTN Nigeria.
>

9jaRealist:
MTN has been in Nigeria for almost 20 years.

They initially came to Nigeria (paying as much as US$285 million just for a license) when NOBODY of repute was willing to invest in Nigeria (the GSM bidding round was a transparent public process, supervised by the World Bank), and has literally invested TRILLIONS OF NAIRA into the Nigerian economy, building thousands of sites and creating tens of thousands of direct and indirect jobs in Nigeria (according many of our young engineers and graduates with decent professional employment), supporting/empowering subcontractors and others across the value chain, and even setting the pace in CSR and corporate philanthropy through its MTN Foundation. And even if the original investors were to pull up stakes and exit Nigeria, the behemoth telecommunications company and business that has become MTN Nigeria will still exist and remain in Nigeria, and continue to offer services to Nigerian (even if under a different corporate identity, as in the case of Etisalat Nigeria/9mobile). It’s not like they will carry the company/investment on their heads and leave town!

There’s a real seminal lesson here that folks should not particularly live their lives or conduct their affairs on the basis of movies (or anything else where the principal aim is dramatic effect). Even in the US where “The Wolf of Wall Street” was based (and you can add a whole host of other movies such as “Boiler Room”), investment and trading of stocks continues unabatedly (and btw, so does fraud which is why personal due diligence is a prerequisite WHENEVER or WHEREVER you invest in securities). The Great Recession, which was precipitated by the financial crises of 2007/2008, did not start in Nigeria (albeit its effect was ultimately felt in Nigeria, as with the rest of the world). Rather, it was started on Wall Street and all of the other supposedly great capitals of capital. And yet, NOT ONE PERSON of note on Wall Street ended up in prison. Please let’s try to avoid the dangers of the single narrative or affirming the saying that half-education can be more dangerous than none at all.
>

You made real sense here. I don't really get your last statement...... avoiding the danger of single narrative.....

9jaRealist:
It’s a SECONDARY offering...
In other words, you are simply trading already existing shares (to NEW holders).

Bear in mind that usually when a company goes public (regardless of whether it’s through a primary or secondary offering), there is often a “lockdown period” (sometimes also referred to as “lockup”) during which the company’s insiders, management, employees, and even early investors, are precluded from selling their shares (that is, other than the shares on public offer) for a substantial period of time following the offering. Accordingly, the existing holders are not simply pumping up share prices and dumping their stocks (as imputed on this thread).

Not quite sure the point that you are making about the “chairman”, but Pascal Dozie as Chairman of the board of directors if MTN Nigerian does NOT hold an executive management position nor responsibility in MTN Nigeria, and the board CANNOT “withdraw” (using your terms) publicly-traded shares from anyone who bought such shares on the exchange. These are now PUBLICLY-listed and PUBLICLY-traded shares, which means that anyone anywhere (even some dude somewhere in Kathmandu) can buy them and become part-owners of MTN Nigeria.
>

company that conducts a DLC does not become a publicly-traded company, nor does it typically become subject to goverment agency reporting requirements.

MTN is only registering its stock to trade on a public market that is all. The board here are still the group who decide

LagosEconomist:
Wisdom all over your post.

The only slight correction I'll make is that there is nothing stylish about it. IPOs are a great opportunity for insiders to cash out, & depending on how well the managers run the place, the investing public could end up being bagholders.

Jesuspikin8:
+1

Except though that usually when a company goes public (regardless of whether it’s through a primary or secondary offering), there is often a “lockdown period” (sometimes also referred to as a “lockup”) during which the company’s insiders, management, employees, and even early investors, are precluded from selling their shares (that is, other than the shares on public offer) for a substantial period of time following the offering (differs as per each transaction). Accordingly, it’s unlikely this is a case of existing holders simply pumping up and dumping shares.
>

vaxx1:
company that conducts a DLC does not become a publicly-traded company, nor does it typically become subject to goverment agency reporting requirements.

MTN is only registering its stock to trade on a public market that is all. The board here are still the group who decide

As from last Thursday, MTN Nigeria is now a PUBLICLY-LISTED and PUBLICLY-TRADED company trading on the NSE under the ticker “MTNN”...

Okoyeebows:
Before you put 1 Naira in the Nigerian stock exchange, go and watch THE WOLF OF WALL STREET. Nigerian Stock Exchange is a place run by Judas Iscariots. Go and find out what Ndi Okereke Onyuike did there. Go and find out what Transcorp did there.

People regularly get burnt in that place of corporate scammers, you need sound financial education to make money there.

Let me tell you a secret Mtn doesn't want you to know. There is a company called MTN International (Mauritius) Limited, which has the controlling 76.08 per cent equity, or 15,485,544,050 shares valued at about N309.71 billion. Once they recoup their money paid as fine with extra by gullible Nigerians, they are getting out. That's exactly how Etisalat got a cash investment and Mudabala telecoms (the Arab owners) ran off with the money.

What most people don't know is that just last Friday, Mtn borrowed 200 Billion for a 7 year tenure from a consortium of banks just Friday 17th of May.

You see that fine mtn paid, they are stylishly collecting it back from Nigerians. They would eventually dump everything and run off like Etisalat. They are scamming as much people as possible preparatory to running away.

The banks they obtained the loan from know this but they don't care. They would willingly take over mtn like they did to Etisalat.

This same Gbenga Oyebode on Mtn board is the chairman of Access bank. Go and find out what Access bank did to Etisalat.

You may be raising some concerns, but I'm not sure how valid these your concerns are.

It's true that MTN has regulatory issues to deal with. That's something MTN will settle with Nigerian government over the course of time. The numbers we see today suggest the company has strong going concern status and this is expected to continue going into the future.

The reason MTN did a listing by introduction is because the management of the company believe they have no need to raise an additional capital at this time. I also do not see a problem with big investor's divesting and this should not even happen based on numbers we see.

The stock market is great because it gives free entry and exit. The onus is on investors to determine their strategy, make wise choices and cover their position.

konvict0111:
You may be raising some concerns, but I'm not sure how valid these your concerns are.

It's true that MTN has regulatory issues to deal with. That's something MTN will settle with Nigerian government over the course of time. The numbers we see today suggest the company has strong going concern status and this is expected to continue going into the future.

The reason MTN did a listing by introduction is because the management of the company believe they have no need to raise an additional capital at this time. I also do not see a problem with big investor's divesting and this should not even happen based on numbers we see.

The stock market is great because it gives free entry and exit. The onus is on investors to determine their strategy, make wise choices and cover their position.

If you say the management of Mtn believes they have no need to raise an additional capital at this time, why did Mtn borrow 200 Billion from 7 banks just last Friday?

Gbenga Aluko is on the board of Mtn and his firm Aluko and Oyebode advised Mtn on the syndicated loan on Friday and would be paid by Mtn. Doesn't this tell you something?

MrPresident1:
Elpresidente MrPresident1

Value of Shares: $1 billion

One of Nigeria’s most renowned end time preachers, Elpresidente MrPresident1 is a prolific preacher on Nairaland, a successful corporate preacher in Nigeria. He owns 700,000,000 shares or 25% of MTN Nigeria, a stake that’s currently worth N360 billion ($1 billion).

Nairaland people can kill somebody with laughter

vaxx1:
company that conducts a DLC does not become a publicly-traded company, nor does it typically become subject to goverment agency reporting requirements.

MTN is only registering its stock to trade on a public market that is all. The board here are still the group who decide

This is where most of you are missing it. Share prices manipulation and cooking can't be done by chairmen or shareholders for that matter for a public listed company. The shenanigan is usually carried out by the management executives which is why corporate governance exists. The board only sits to get info from the executive abt the health of the company and make a decision on the general policy direction of the company. If mtn wanted to engage in any such shenanigans, the stock exchange is the last place they'll go because at that stage, everything you do become public and you're subject to stricter regulations. So, forget all this alarmists on this thread. They're armchair and half-educated fictionist. The battle has been on for sometime to get our telecom companies listed on the nse but they have all resisted it due to the regulatory requirements. MTN backed down due to the need to reduce the hefty fines imposed on them. You hardly see it in developed economies where companies with the kind of values in the telecom sector refuse to be publicly listed. This is a good thing and I hope others are pressured to follow

BSF:
May your "dayses" be looong. May your wisdom be higher than Mount Everest.

I burnt my hands in the Stock exchange in 2008/2009 having been there since 2004.

I told my self that there is no reason why NDIDI OKEREKE and her cohorts should be walking free in this country. A lot of people were ruined because of the recklessness of some few.

I survived it by God's help so I understand more than what you have written. You are not a small boy Bro! The precision of the names you have highlighted shows that you know deeply about Broad-street

Anybody who has EARS should read what you have written, 20 times.

If you suffer loss of value from your investment, you need to take it up with the management of the company you invested in and your stock broker, where you have given a discretionary mandate.

NSE provides the platform and the rules to regulate market participants. You can not query NSE directly unless the matter relates to violation of trading rules or malfunctioning of trading algorithm.

Oscillations are always there in stock markets globally. This is caused by the market forces of demand and supply, which are themselves underpinned by economic variables and management performance.

I hope you see my point of view.

Seunpaul01:
You made real sense here. I don't really get your last statement...... avoiding the danger of single narrative.....

The “single narrative” in Nigeria that everything and every venture is fraudulent, and people are only looking to rip you off...
>

Okoyeebows:
If you say the management of Mtn believes they have no need to raise an additional capital at this time, why did Mtn borrow 200 Billion from 7 banks just last Friday?

Gbenga Aluko is on the board of Mtn and his firm Aluko and Oyebode advised Mtn on the syndicated loan on Friday and would be paid by Mtn. Doesn't this tell you something?

If you're as knowledgeable as you claim, you should know that cost of servicing debts is cheaper than cost of equity. This is because you don't pay tax on debt, but you pay tax on dividend paid per equity. So, mtn would not want to incur equity too much in chasing new capital if the ratio of the equity to debt is very low

Buckubuck:
This is where most of you are missing it. Share prices manipulation and cooking can't be done by chairmen or shareholders for that matter for a public listed company. The shenanigan is usually carried out by the management executives which is why corporate governance exists. The board only sits to get info from the executive abt the health of the company and make a decision on the general policy direction of the company. If mtn wanted to engage in any such shenanigans, the stock exchange is the last place they'll go because at that stage, everything you do become public and you're subject to stricter regulations. So, forget all this alarmists on this thread. They're armchair and half-educated fictionist. The battle has been on for sometime to get our telecom companies listed on the nse but they have all resisted it due to the regulatory requirements. MTN backed down due to the need to reduce the hefty fines imposed on them. You hardly see it in developed economies where companies with the kind of values in the telecom sector refuse to be publicly listed. This is a good thing and I hope others are pressured to follow

i actually don't have an issue with that. My only concern is the company should have opted for opp instead of direct public listning

Okoyeebows:
If you say the management of Mtn believes they have no need to raise an additional capital at this time, why did Mtn borrow 200 Billion from 7 banks just last Friday?

Gbenga Aluko is on the board of Mtn and his firm Aluko and Oyebode advised Mtn on the syndicated loan on Friday and would be paid by Mtn. Doesn't this tell you something?

Bankers negotiate these deals which lawyers reduce to legal text (likely using the universal LMA documentation used in virtually all common law jurisdictions worldwide, with local jurisprudential adaptations of course). Given that each of the parties involved in this transaction would have their own independent advisers (financial, legal and/or accounting), including global powerhouse law firms such as Baker & Mackenzie and Norton Rose Fulbright, it is doubtful that the role of A&O in this transaction was in any way determinative or overarching. Nevertheless, any conflict (or potential conflict) of interests ANYWHERE in the world is resolved by FULL DISCLOSURE (and/or recusal).
>

vaxx1:
i actually don't have an issue with that. My only concern is the company should have opted for opp instead of direct public listning

IPO is not done for doing sake. NSE has been on a free fall since 2016, they don't need new equity capital. That's not why they listed on the Exchange. They were practically forced. The DLP is a smart move which had preserved the share price. If it had been an IPO, the value won't be dat good. It's left for the mgt to know the right time to release an IPO but whether they do that or not, one good thing is the capital flight MTN is renowned for is going to be reduced drastically and the sharp dealings in their management will also be checkmated

Guyman02:
Na wao, MTN listing without an IPO is nonsense, they don't want ordinary Nigerians to invest and make profit from that company. Left for a few people most of whom are just cronies of the same individuals that have ripped up this country because they have access to our common wealth. Nonsense and ingredients

You can literally go to the stock market today and buy MTN Nigeria stock...
The big holders listed here were there on Day One in 2001 (and thus partook in the initial equity risk).
>

Okoyeebows:
Before you put 1 Naira in the Nigerian stock exchange, go and watch THE WOLF OF WALL STREET. Nigerian Stock Exchange is a place run by Judas Iscariots. Go and find out what Ndi Okereke Onyuike did there. Go and find out what Transcorp did there.

People regularly get burnt in that place of corporate scammers, you need sound financial education to make money there.

Let me tell you a secret Mtn doesn't want you to know. There is a company called MTN International (Mauritius) Limited, which has the controlling 76.08 per cent equity, or 15,485,544,050 shares valued at about N309.71 billion. Once they recoup their money paid as fine with extra by gullible Nigerians, they are getting out. That's exactly how Etisalat got a cash investment and Mudabala telecoms (the Arab owners) ran off with the money.

What most people don't know is that just last Friday, Mtn borrowed 200 Billion for a 7 year tenure from a consortium of banks just Friday 17th of May.

You see that fine mtn paid, they are stylishly collecting it back from Nigerians. They would eventually dump everything and run off like Etisalat. They are scamming as much people as possible preparatory to running away.

The banks they obtained the loan from know this but they don't care. They would willingly take over mtn like they did to Etisalat.

This same Gbenga Oyebode on Mtn board is the chairman of Access bank. Go and find out what Access bank did to Etisalat.

Hmmm what an eye opener. Thanks for. Th heads up.

9jaRealist:
MTN has been in Nigeria for almost 20 years.

They initially came to Nigeria (paying as much as US$285 million just for a license) when NOBODY of repute was willing to invest in Nigeria (the GSM bidding round was a transparent public process, supervised by the World Bank), and has literally invested TRILLIONS OF NAIRA into the Nigerian economy, building thousands of sites and creating tens of thousands of direct and indirect jobs in Nigeria (according many of our young engineers and graduates with decent professional employment), supporting/empowering subcontractors and others across the value chain, and even setting the pace in CSR and corporate philanthropy through its MTN Foundation. And even if the original investors were to pull up stakes and exit Nigeria, the behemoth telecommunications company and business that has become MTN Nigeria will still exist and remain in Nigeria, and continue to offer services to Nigerian (even if under a different corporate identity, as in the case of Etisalat Nigeria/9mobile). It’s not like they will carry the company/investment on their heads and leave town!

There’s a real seminal lesson here that folks should not particularly live their lives or conduct their affairs on the basis of movies (or anything else where the principal aim is dramatic effect). Even in the US where “The Wolf of Wall Street” was based (and you can add a whole host of other movies such as “Boiler Room”), investment and trading of stocks continues unabatedly (and btw, so does fraud which is why personal due diligence is a prerequisite WHENEVER or WHEREVER you invest in securities). The Great Recession, which was precipitated by the financial crises of 2007/2008, did not start in Nigeria (albeit its effect was ultimately felt in Nigeria, as with the rest of the world). Rather, it was started on Wall Street and all of the other supposedly great capitals of capital. And yet, NOT ONE PERSON of note on Wall Street ended up in prison. Please let’s try to avoid the dangers of the single narrative or affirming the saying that half-education can be more dangerous than none at all.
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I totally agree with you and I applaud your intellectual, logical and unbiased comment devoid of any sentiments.

Seunpaul01:
Omo, seriously. Man, can you be my financial adviser

It will shock you that if that guy is ur financial advisor, you will lose money fast and brutally. Dudes like him live on paranoia and feed on sentiments instead of sitting down to do risk analysis and get the right information. The name for them is speculators and they ruin people a lot as brokers. Sometimes they hit it sha and then you'll begin to think whatever they're saying or doing makes sense. They're more or less like fake Pastors or gamblers