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MTN Ghana IPO
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ngapat
#1 Posted : Monday, July 09, 2018 7:02:01 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
Just got this message. What do u guys think

Dear Client,

MTN Ghana, the largest Telco in Ghana has an IPO closing on 31st July. We see an opportunity in the IPO, for more contact info@sterlingib.com.
“Invest in yourself. Your career is the engine of your wealth.”
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ngapat
#2 Posted : Monday, July 09, 2018 7:15:35 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
Just googled the prospectus
https://www.google.com/u...aw2gdiSUlwPYXRQgRZpiPf2k
“Invest in yourself. Your career is the engine of your wealth.”
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Angelica _ann
#3 Posted : Monday, July 09, 2018 7:21:31 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
@Young, mzee wetu wa West Africa Region should advice!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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ngapat
#4 Posted : Monday, July 09, 2018 7:45:41 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
Allocatioñ will be paltry 5% for non Ghanians

https://investinginafric...et/invest-mtn-ghana-ipo/
“Invest in yourself. Your career is the engine of your wealth.”
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Sober
#5 Posted : Wednesday, July 11, 2018 1:04:31 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
ngapat wrote:
Just got this message. What do u guys think

Dear Client,

MTN Ghana, the largest Telco in Ghana has an IPO closing on 31st July. We see an opportunity in the IPO, for more contact info@sterlingib.com.


I also got the same text from my brokerage firm. Should we assume the counter is as hot, or will be like our very own Safaricom?

Looking at the numbers, the price is about Ksh 15 per share and have 4 billion floated shares in this IPO. Do your maths...
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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young
#6 Posted : Thursday, August 16, 2018 7:55:23 AM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
Angelica _ann wrote:
@Young, mzee wetu wa West Africa Region should advice!!!


My apologies @Angelica-ann, I did not see your request until yesterday as I don't read stocks segment very often. As a routine these days I read FY earning reports from Feb to April and by mid August to early Sept I read HY reports.
My main attention on wazua is on the health segment and SK charity club.

Nonetheless though belated I strongly advise you against investing in Ghana MTN IPO for 2 reasons
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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young
#7 Posted : Thursday, August 16, 2018 8:06:45 AM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
The First Reason is the consistent depreciation of the Ghana currency the Cedi. When investing overseas your capital preservation relative to your home currency is very important .

Let me take your through memory lane for the past 10+ years to buttress my point, specifically year 2007 to 2018.

Year 2007
1 cedi was 1 USD
67 KSH was 1 USD
120 naira was 1 USD
Naira is my local Nigerian currency

2007 In KENYA shilling Terms
67 ksh was 1 cedi
120 naira was 1 cedi

FAST FORWARD 2018
4.87 Cedi is 1 USD
100 KSH is 1 USD
360 naira is 1 USD

2018 IN KENYA SHILLING TERMS
21 KSH is 1 Cedi
74 Naira is 1 Cedi

Our naira relative to ksh is not doing well also.

In 2007 it was 1.8 naira to 1 ksh
In 2018 it is 3.60 naira to 1 ksh.

This is however a big very advantage to me as an investor in Nairobi bourse.

I think the difference is clear ?

The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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  | | Edit by user: Thursday, August 16, 2018 8:20 AM | Reason: Not specified
young
#8 Posted : Thursday, August 16, 2018 8:09:48 AM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
The second reason is that , Ghana bourse is not liquid, you may have issues of free entry and exit.
Besides only a paltry 5% of the 4B MTN shares on offer are allocated to foreigners, so the chances of getting your full allotment is very slim.

Hope this helps ?
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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maka
#9 Posted : Thursday, August 16, 2018 8:37:14 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Been following up on purchasing some bonds in that country rates are super attractive...
possunt quia posse videntur
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young
#10 Posted : Thursday, August 16, 2018 9:15:48 AM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
maka wrote:
Been following up on purchasing some bonds in that country rates are super attractive...

Yep
The coupon (returns) rate is 17 to 20% .
But in Ghana CEDI's.

Hehehe as you say in Kenya in terms of returns in Ksh terms.

The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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  | | Edit by user: Thursday, August 16, 2018 9:34 AM | Reason: Not specified
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