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MTN Uganda Listing
kmucheke
#1 Posted : Friday, July 24, 2020 4:11:32 PM
Rank: Member


Joined: 3/16/2019
Posts: 268
MTN Uganda will be listing on the USE in accordance with a government directive. But no time frames have been given by either the government or MTN. I also hope they cross-list in the NSE since i'm not a fan of UMEME.
BD Link
Quote:
Uganda has opened a window for East Africans to buy shares in MTN Uganda when the telecom operator sells it 20 percent equity stake on the local bourse.

The government is forcing all its telecom operators, including MTN Uganda and the local unit of India’s Bharti Airtel, to list a fifth of their shares on the Uganda Securities Exchange to allow locals to benefit from the sector’s profits.

“The shares are restricted to Ugandans, and also citizens from the East African Community (EAC),” Ibrahim Bbosa, spokesman for the Uganda Communications Commission, the regulator, told Reuters.


kmucheke
#2 Posted : Friday, July 24, 2020 4:45:33 PM
Rank: Member


Joined: 3/16/2019
Posts: 268
From various sources, the listing is supposed to be done within 2 years of license renewal which was done on July 2020.
Ericsson
#3 Posted : Tuesday, October 05, 2021 5:43:08 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
The IPO is finally here.
Prospectus to be released next week.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#4 Posted : Tuesday, October 05, 2021 6:10:21 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,950
Location: nairobi
Ericsson wrote:
The IPO is finally here.
Prospectus to be released next week.

Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#5 Posted : Tuesday, October 05, 2021 8:25:10 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
obiero wrote:
Ericsson wrote:
The IPO is finally here.
Prospectus to be released next week.

Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants



MTN will be seeking a valuation of $1.4 billion and will be raising $280 million.

Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kmucheke
#6 Posted : Thursday, October 07, 2021 3:06:28 PM
Rank: Member


Joined: 3/16/2019
Posts: 268
Ericsson wrote:
obiero wrote:
Ericsson wrote:
The IPO is finally here.
Prospectus to be released next week.

Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants



MTN will be seeking a valuation of $1.4 billion and will be raising $280 million.

Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda.


The current shareholding is MTN Group 96% ,other investor(s) 4%.

MTN Group will reduce their shareholding to 76% after the listing. The 20% will be offered to USE local and East Africa investors.

Who are the investor(s) owning the current 4% of NTN Uganda ?

Also the listing will be paperless/digital and will double the USE.
VituVingiSana
#7 Posted : Friday, October 08, 2021 2:19:47 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,584
Location: Nairobi
kmucheke wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
The IPO is finally here.
Prospectus to be released next week.

Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants



MTN will be seeking a valuation of $1.4 billion and will be raising $280 million.

Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda.


The current shareholding is MTN Group 96% ,other investor(s) 4%.

MTN Group will reduce their shareholding to 76% after the listing. The 20% will be offered to USE local and East Africa investors.

Who are the investor(s) owning the current 4% of NTN Uganda ? Uganda's Mobitelea?

Also the listing will be paperless/digital and will double the USE.

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#8 Posted : Friday, October 08, 2021 6:41:29 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,950
Location: nairobi
VituVingiSana wrote:
kmucheke wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
The IPO is finally here.
Prospectus to be released next week.

Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants



MTN will be seeking a valuation of $1.4 billion and will be raising $280 million.

Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda.


The current shareholding is MTN Group 96% ,other investor(s) 4%.

MTN Group will reduce their shareholding to 76% after the listing. The 20% will be offered to USE local and East Africa investors.

Who are the investor(s) owning the current 4% of NTN Uganda ? Uganda's Mobitelea?

Also the listing will be paperless/digital and will double the USE.


We will turn a blind eye
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
My 2 cents
#9 Posted : Friday, October 08, 2021 10:19:03 PM
Rank: Member


Joined: 6/2/2010
Posts: 630
I wonder if they will peg their valuation to a PE of 25, comparable to Safaricom. That would be a bit rich. One has to be careful not to overpay. Can a numerate wazuan do the math on this and advise what would be a good entry price on this. Bearing in mind that most IPOs tend to be overvalued.
Ericsson
#10 Posted : Saturday, October 09, 2021 8:12:00 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
My 2 cents wrote:
I wonder if they will peg their valuation to a PE of 25, comparable to Safaricom. That would be a bit rich. One has to be careful not to overpay. Can a numerate wazuan do the math on this and advise what would be a good entry price on this. Bearing in mind that most IPOs tend to be overvalued.


The prospectus that will be out next week will reveal more.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#11 Posted : Tuesday, October 12, 2021 7:00:49 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
VituVingiSana wrote:
kmucheke wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
The IPO is finally here.
Prospectus to be released next week.

Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants



MTN will be seeking a valuation of $1.4 billion and will be raising $280 million.

Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda.


The current shareholding is MTN Group 96% ,other investor(s) 4%.

MTN Group will reduce their shareholding to 76% after the listing. The 20% will be offered to USE local and East Africa investors.

Who are the investor(s) owning the current 4% of NTN Uganda ? Uganda's Mobitelea?The Chairman Charles Mbire

Also the listing will be paperless/digital and will double the USE.


Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#12 Posted : Tuesday, October 12, 2021 9:03:24 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,584
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
kmucheke wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
The IPO is finally here.
Prospectus to be released next week.

Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants



MTN will be seeking a valuation of $1.4 billion and will be raising $280 million.

Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda.


The current shareholding is MTN Group 96% ,other investor(s) 4%.

MTN Group will reduce their shareholding to 76% after the listing. The 20% will be offered to USE local and East Africa investors.

Who are the investor(s) owning the current 4% of NTN Uganda ? Uganda's Mobitelea?The Chairman Charles Mbire

Also the listing will be paperless/digital and will double the USE.


How did he get into such a prime position to get in on the ground floor? Or he is Uganda's Merali/Mobitelea?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#13 Posted : Tuesday, October 12, 2021 10:15:43 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
kmucheke wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
The IPO is finally here.
Prospectus to be released next week.

Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants



MTN will be seeking a valuation of $1.4 billion and will be raising $280 million.

Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda.


The current shareholding is MTN Group 96% ,other investor(s) 4%.

MTN Group will reduce their shareholding to 76% after the listing. The 20% will be offered to USE local and East Africa investors.

Who are the investor(s) owning the current 4% of NTN Uganda ? Uganda's Mobitelea?The Chairman Charles Mbire

Also the listing will be paperless/digital and will double the USE.


How did he get into such a prime position to get in on the ground floor? Or he is Uganda's Merali/Mobitelea?

He has been chairman since 1998 when MTN commenced operations in Uganda.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kmucheke
#14 Posted : Tuesday, October 12, 2021 4:23:38 PM
Rank: Member


Joined: 3/16/2019
Posts: 268
Ericsson wrote:
My 2 cents wrote:
I wonder if they will peg their valuation to a PE of 25, comparable to Safaricom. That would be a bit rich. One has to be careful not to overpay. Can a numerate wazuan do the math on this and advise what would be a good entry price on this. Bearing in mind that most IPOs tend to be overvalued.


The prospectus that will be out next week will reveal more.


The prospectus is here.
kmucheke
#15 Posted : Tuesday, October 12, 2021 5:10:33 PM
Rank: Member


Joined: 3/16/2019
Posts: 268
kmucheke wrote:
Ericsson wrote:
My 2 cents wrote:
I wonder if they will peg their valuation to a PE of 25, comparable to Safaricom. That would be a bit rich. One has to be careful not to overpay. Can a numerate wazuan do the math on this and advise what would be a good entry price on this. Bearing in mind that most IPOs tend to be overvalued.


The prospectus that will be out next week will reveal more.


The prospectus is here.


4,477,808,848 ordinary shares on offer, with a par value of UGX 1 each in the share capital of MTN at an offer price of UGX 200 per offer share.

Offer opens 11 October 2021
Offer closes 22 November 2021
Announcement of results 3 December 2021
Refund of excess funds 3 December 2021
Commencement of trading 6 December 2021
obiero
#16 Posted : Tuesday, October 12, 2021 6:07:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,950
Location: nairobi
kmucheke wrote:
kmucheke wrote:
Ericsson wrote:
My 2 cents wrote:
I wonder if they will peg their valuation to a PE of 25, comparable to Safaricom. That would be a bit rich. One has to be careful not to overpay. Can a numerate wazuan do the math on this and advise what would be a good entry price on this. Bearing in mind that most IPOs tend to be overvalued.


The prospectus that will be out next week will reveal more.


The prospectus is here.


4,477,808,848 ordinary shares on offer, with a par value of UGX 1 each in the share capital of MTN at an offer price of UGX 200 per offer share.

Offer opens 11 October 2021
Offer closes 22 November 2021
Announcement of results 3 December 2021
Refund of excess funds 3 December 2021
Commencement of trading 6 December 2021

KES 156,000 entitles one to "incentive" shares. This is spicy hot, at KES 6.2. Brings back memories of Stanbic Uganda in which I realized a ROI of over 300%. I'm inside https://www.businessdail...free-ipo-shares--3580118
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#17 Posted : Tuesday, October 12, 2021 6:17:13 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
obiero wrote:
kmucheke wrote:
kmucheke wrote:
Ericsson wrote:
[quote=My 2 cents]I wonder if they will peg their valuation to a PE of 25, comparable to Safaricom. That would be a bit rich. One has to be careful not to overpay. Can a numerate wazuan do the math on this and advise what would be a good entry price on this. Bearing in mind that most IPOs tend to be overvalued.


The prospectus that will be out next week will reveal more.


The prospectus is here.


4,477,808,848 ordinary shares on offer, with a par value of UGX 1 each in the share capital of MTN at an offer price of UGX 200 per offer share.

Offer opens 11 October 2021
Offer closes 22 November 2021
Announcement of results 3 December 2021
Refund of excess funds 3 December 2021
Commencement of trading 6 December 2021

KES 156,000 entitles one to "incentive" shares. This is spicy hot, at KES 6.2. Brings back memories of Stanbic Uganda in which I realized a ROI of over 300%. I'm inside https://www.businessdail...ree-ipo-shares--3580118[/quote]


Times have changed ROI of 300% on this is tough.
This is a mature company they are selling a stake
The incentive shares is a way of them enticing investors so that they achieve 100% subscription.
They are selling stake in a mature company.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#18 Posted : Tuesday, October 12, 2021 6:20:21 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,950
Location: nairobi
Ericsson wrote:
obiero wrote:
kmucheke wrote:
kmucheke wrote:
Ericsson wrote:
My 2 cents wrote:
I wonder if they will peg their valuation to a PE of 25, comparable to Safaricom. That would be a bit rich. One has to be careful not to overpay. Can a numerate wazuan do the math on this and advise what would be a good entry price on this. Bearing in mind that most IPOs tend to be overvalued.


The prospectus that will be out next week will reveal more.


The prospectus is here.


4,477,808,848 ordinary shares on offer, with a par value of UGX 1 each in the share capital of MTN at an offer price of UGX 200 per offer share.

Offer opens 11 October 2021
Offer closes 22 November 2021
Announcement of results 3 December 2021
Refund of excess funds 3 December 2021
Commencement of trading 6 December 2021

KES 156,000 entitles one to "incentive" shares. This is spicy hot, at KES 6.2. Brings back memories of Stanbic Uganda in which I realized a ROI of over 300%. I'm inside https://www.businessdail...ree-ipo-shares--3580118



Times have changed ROI of 300% on this is tough.
This is a mature company they are selling a stake
The incentive shares is a way of them enticing investors so that they achieve 100% subscription.
They are selling stake in a mature company.

The 300% was nostalgia, here we can expect 100% regardless of "mature" status. The entity is profitable and dominant in Uganda, commanding close to 60% of the subscription base of 21m people
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
VituVingiSana
#19 Posted : Tuesday, October 12, 2021 6:57:06 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,584
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
kmucheke wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
The IPO is finally here.
Prospectus to be released next week.

Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants



MTN will be seeking a valuation of $1.4 billion and will be raising $280 million.

Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda.


The current shareholding is MTN Group 96% ,other investor(s) 4%.

MTN Group will reduce their shareholding to 76% after the listing. The 20% will be offered to USE local and East Africa investors.

Who are the investor(s) owning the current 4% of NTN Uganda ? Uganda's Mobitelea?The Chairman Charles Mbire

Also the listing will be paperless/digital and will double the USE.


How did he get into such a prime position to get in on the ground floor? Or he is Uganda's Merali/Mobitelea?

He has been chairman since 1998 when MTN commenced operations in Uganda.
Must be connected.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#20 Posted : Wednesday, October 13, 2021 9:19:34 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
kmucheke wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
The IPO is finally here.
Prospectus to be released next week.

Waiting eagerly. MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017.. Sad that Africa Alliance had to quiet down. They had very pleasant attendants



MTN will be seeking a valuation of $1.4 billion and will be raising $280 million.

Dyer & Blair and SBG securities most likely will be the brokers that will assist kenyans to buy the shares from here since they have sister companies in Uganda.


The current shareholding is MTN Group 96% ,other investor(s) 4%.

MTN Group will reduce their shareholding to 76% after the listing. The 20% will be offered to USE local and East Africa investors.

Who are the investor(s) owning the current 4% of NTN Uganda ? Uganda's Mobitelea?The Chairman Charles Mbire

Also the listing will be paperless/digital and will double the USE.


How did he get into such a prime position to get in on the ground floor? Or he is Uganda's Merali/Mobitelea?

He has been chairman since 1998 when MTN commenced operations in Uganda.
Must be connected.

Of course
Most likely the president representative
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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