MTN Quarterly Update - Strong Data Growth


Last week MTN released their quarterly update for the period ending 31 March. The share has been battered this year due to a weak oil price. The company has significant operations in Nigeria and Iran, two countries that rely on oil production. Looking at high level numbers, they added 6.6 million customers - taking their customer base to 257 million, revenue grew 11% and their EBITDA profit margins expanded. Looking at a country level, most operating regions saw double-digit revenue growth; unfortunately MTN SA saw revenue go backwards by 6.2%. Part of the reason for the drop in local revenue is due to a change in their roaming agreement with Cell C.


MTN FY Numbers - Dividend Raised


MTN released a good set of full-year numbers yesterday, thanks to great improvements in some of their businesses units. As Paul mentioned a few weeks ago, MTN Nigeria has toned down its fight with the Nigerian regulatory authorities. That will definitely help MTN to focus more on operational excellence in their largest market.


MTN Resolves Issues in Nigeria


In mid-January, MTN announced that it had settled a major matter in Nigeria, relating to $2-billion in back taxes. This crisis, one of many in that country, went back to September 2018, when the Attorney General of Nigeria made a number of spurious (in my view) claims about MTN Nigeria's historical financial accounts and tax contributions. At its root, the matter is fuelled by local interests in Nigeria, that view MTN as a foreign group that makes "too much money".


Competition Commision Report on South Africa


As many would have seen yesterday, the Competition Commission of South Africa (CCSA) released a report criticising the mobile operators in South African for high data prices. You can read the final report here - Data services market inquiry, and this is what Vodacom and MTN had to say in response to the report - 'Wrong' to blame operators for data prices not falling faster.


MTN 6 Month Numbers - Nigeria Back on Track


On Thursday MTN released results for the 6-month period ending 30 June 2019. Here are the highlights.


MTN Partners With Sanlam


One of our biggest draw cards to invest in MTN was their ability to sell on various services to their 220 million clients. Financial services in particular.


MTN Quarterly Update - Turned a Corner


MTN released their quarterly update for the period ending 31 March 2019. The group increased the total number of subscribers by 4 million to 236.6 million. Active data subscribers also increased by 2.6 million to a total of 81.3 million. While MoMo (mobile money) customers sit at 28.3 million.


Jumia Soars


As you know, African e-commerce company Jumia soared on its listing in New York. That is great news. But it is key that the share price holds its value over the next few days. Remember Lyft had a good listing but then gave back its early gains (and more) over the next few trading sessions.


Jumia Listing Statement


Yesterday it was officially announced that MTN backed Jumia has filed for an IPO in New York. The IPO could value the company at a solid $1.6bn. That puts it in line with Dischem, Resilient and Tsogo Sun. In case you forgot, Jumia is an online retailer with over 4 million users, predominantly in Nigeria.


MTN FY - Turning a Corner


Last week MTN released their full-year numbers, shooting the stock up 15%. Going into these results, the market wasn't expecting much from the group, especially given that the stock fell significantly a few days earlier when they released their trading update. Here is the first slide from the results presentation, showing the numbers that the group is most proud of.


MTN to List Jumia


With all the legal issues that MTN has been through over the last two years, we sometimes forget the scope of their operations. The MTN group has exposure to a number of tech businesses, for example they own a stake in Irans equivalent to Uber.


MTN Trading Update


Yesterday MTN released a trading statement for the full year ending 31 December. The company expects an improvement of at least 20% in headline earnings per share. Having said that, the comparable period still had some Nigerian fine influence as well as hyperinflation in Nigeria.


The impact of 5G


High-speed mobile communication networks are the infrastructure that underpins the connected way we now live. In that world, the move from 4G/LTE networks to 5G is the next big thing.


MTN Quarterly update - Data on the Rise


Yesterday MTN released their quarterly report, which the market received favourably. The stock closed up over 4%. They increased their revenues in all major regions, something you want to see as a shareholder.


MTN Shakedown


The last few years of investing on the Johannesburg stock exchange have been very tough. The road has been full of potholes, you could say. A number of big companies with fine records have been hit by unexpected problems. Stock prices have tumbled and the overall index has gone nowhere.


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