reports
- Chris Hoare
MTN (Buy, TP: ZAR130, +13%) Q4 24: Solid quarter, FY24 dividend up
MTN has reported a solid set of Q4 results with service revenue and EBITDA trends accelerating and service revenue growth growing a touch above the MT guidance this quarter. The company announced a dividend of 345cts for FY24 (previous guide was for 330cts) and the Board anticipates paying a minimum ordinary DPS of 370cts after the FY25 results.
- Chris Hoare
MTN (Buy, TP: ZAR130, +62%) Feedback from small group call
We hosted a small group Zoom call with MTN Group CEO, Ralph Mupita, MTN Group CFO, Tsholofelo Molefe and Head of IR, Thato Motlanthe last week. Tone was overall positive, with a particularly bullish conversation around consolidation across Africa.
- Chris Hoare
- Chris Hoare
- Chris Hoare
African Telcos Deep dive on Fintech valuations; stay Bullish on AAF a...
We deep dive on African Telco’s Fintech valuations in this note which is a follow up of our higher-level note Show me the (Mobile) Money. African Telcos are becoming more active about unlocking value from Mobile Money (MoMo) with MTN’s recent deal with Mastercard and now rumours that AAF is looking to IPO its MoMo business. Global Fintech/Payments multiples have derated over the past couple of years, but we continue to see great value in the African Telco’s MoMo assets which remain one the key n...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Major Base Supports Holding Following last week's pullback, a consistent theme we are seeing is that many broad market indexes and Sector ETFs are holding above (and bouncing at) major base supports. As long as these base supports continue to hold, it tells us this is likely just a normal pullback within the overall bullish trend. Important supports that we need to see hold in order to remain bullish include 4600 on the S&P 500 and 14,400 on the Nasdaq Composite. Pullbacks to Base Supports. Br...
AFL AFLAC INCORPORATED
PFG PRINCIPAL FINANCIAL GROUP INC.
OMI OWENS & MINOR INC.
MFC. MANULIFE FINANCIAL CORPORATION
PRU PRUDENTIAL FINANCIAL INC.
MET METLIFE INC.
MCK MCKESSON CORPORATION
10JC EOH HOLDINGS LTD.
CAH CARDINAL HEALTH INC.
GL GLOBE LIFE INC.
ABC ABC CO SPA
CRBG COREBRIDGE FINANCIAL INC.
AEG AEGIS BRANDS INC
- Chris Hoare
5G FWA in EM Poor man’s paradise; income and propensity to spend sugg...
This is the 3rd in a series of notes looking at FWA (see HERE and HERE). Like us, the market appears to be getting more bullish on FWA in EM, and a series of events such as Jio’s launch suggest FWA could be a significant use case for 5G in Emerging Markets.
EQS-News: Steinhoff International Holdings N.V. in liquidatie: CONFIRM...
EQS-News: Steinhoff International Holdings N.V. in liquidatie / Key word(s): Miscellaneous Steinhoff International Holdings N.V. in liquidatie: CONFIRMATION OF LIQUIDATION 13.10.2023 / 10:05 CET/CEST The issuer is solely responsible for the content of this announcement. The liquidators of Steinhoff International Holdings N.V. (a liquidated entity) (“SIHNV”) hereby confirm that the liquidation of SIHNV has been completed. SIHNV and its shares have now ceased to exist. The Frankfurt Stock Exchange and the JSE Limited will now take the necessary measures to implement the de-...
EQS-News: Steinhoff International Holdings N.V. in liquidatie: UPDATE ...
EQS-News: Steinhoff International Holdings N.V. in liquidatie / Key word(s): Miscellaneous Steinhoff International Holdings N.V. in liquidatie: UPDATE TO THE DE-LISTING TIMELINE 11.10.2023 / 10:55 CET/CEST The issuer is solely responsible for the content of this announcement. Shareholders are referred to the announcement by Steinhoff International Holdings N.V. in liquidatie (“SIHNV”) on 10 October 2023 regarding the timeline for de-listing on the Frankfurt Stock Exchange ("FSE”) and the JSE Limited (“JSE”). Further to the above announcement, the JSE has confirmed that tr...
EQS-News: Steinhoff International Holdings N.V. in liquidatie: DE-LIST...
EQS-News: Steinhoff International Holdings N.V. in liquidatie / Key word(s): Miscellaneous Steinhoff International Holdings N.V. in liquidatie: DE-LISTING TIMELINE 10.10.2023 / 15:00 CET/CEST The issuer is solely responsible for the content of this announcement. Shareholders are referred to the announcement by Steinhoff International Holdings N.V. in liquidatie (“SIHNV”) on 6 October 2023 regarding the intended liquidation date of 13 October 2023. SIHNV, in consultation with the JSE, hereby provides the following update on the applicable timeline for de-listing on the Fra...
EQS-News: Steinhoff International Holdings N.V. in liquidatie: EXPIRY ...
EQS-News: Steinhoff International Holdings N.V. in liquidatie / Key word(s): Miscellaneous Steinhoff International Holdings N.V. in liquidatie: EXPIRY OF CREDITOR OPPOSITION PERIOD 29.09.2023 / 14:00 CET/CEST The issuer is solely responsible for the content of this announcement. EXPIRY OF CREDITOR OPPOSITION PERIOD Steinhoff International Holdings N.V. in liquidatie (“SIHNV” or the “Company”) provides the following update regarding the liquidation of the Company. At an extraordinary general meeting held on 26 July 2023, SIHNV’s shareholders voted in favour of the dissol...
- Chris Hoare
IHS Towers (Buy, TP: $10, +104%) Further thoughts on IHS’ MTN contrac...
10 days ago MTN announced it would not be renewing a contract for 2,500 tenancies with IHS in Nigeria. This is a global first in the Towers space we believe (a financially healthy operator choosing not to renew an expiring tower contract).
EQS-News: Steinhoff International Holdings N.V. in liquidatie: UNAUDIT...
EQS-News: Steinhoff International Holdings N.V. in liquidatie / Key word(s): Quarterly / Interim Statement Steinhoff International Holdings N.V. in liquidatie: UNAUDITED TRADING UPDATE FOR THE THREE-MONTHS ENDED 30 JUNE 2023 AND CVR RECORD DATE 25.08.2023 / 09:00 CET/CEST The issuer is solely responsible for the content of this announcement. UNAUDITED TRADING UPDATE FOR THE THREE-MONTHS ENDED 30 JUNE 2023 AND CVR RECORD DATE Trading update Steinhoff International Holdings N.V. in liquidatie (the “Company”) has today published its trading update for the three-month...
EQS-News: Steinhoff International Holdings N.V. in liquidatie: SHAREHO...
EQS-News: Steinhoff International Holdings N.V. in liquidatie / Key word(s): Miscellaneous Steinhoff International Holdings N.V. in liquidatie: SHAREHOLDER CVR RECORD DATE AND REGISTRATION 23.08.2023 / 17:00 CET/CEST The issuer is solely responsible for the content of this announcement. SHAREHOLDER CVR RECORD DATE AND REGISTRATION Steinhoff International Holdings N.V. in liquidatie (“SIHNV” or the “Company”) provides the following update regarding the shareholder Contingent Value Right (“CVR”) Record Date and the registration process. Unless otherwise defined, capital...
- Chris Hoare
MTN (Buy, TP: ZAR250, +79%) MTN Group - Q2 23: Solid results, Fintech...
MTN has reported a solid set of Q2 results. Group service revenue trends were stable while EBITDA trends accelerated. But the key announcement today was that of a commercial partnership through the signature of a MoU for a minority investment with Mastercard on the fintech side.
EQS-News: Steinhoff International Holdings N.V. : VOTING RESULTS OF TH...
EQS-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous Steinhoff International Holdings N.V. : VOTING RESULTS OF THE EXTRAORDINARY GENERAL MEETING 26.07.2023 / 15:00 CET/CEST The issuer is solely responsible for the content of this announcement. VOTING RESULTS OF THE EXTRAORDINARY GENERAL MEETING Shareholders are hereby advised that at the hybrid extraordinary general meeting of Steinhoff International Holdings N.V. in liquidatie (“Steinhoff” or the “Company”) held at 13:00 CET on 26 July 2023 at DoubleTree by Hilton, Amsterdam Centraal Station,...
EQS-News: Steinhoff International Holdings N.V. : Notice of Extraordin...
EQS-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous Steinhoff International Holdings N.V. : Notice of Extraordinary General Meeting 11.07.2023 / 08:45 CET/CEST The issuer is solely responsible for the content of this announcement. Steinhoff International Holdings N.V. - Notice of Extraordinary General Meeting Shareholders are referred to the notice of an extraordinary general meeting of Steinhoff International Holdings N.V. (the “Company”), with its corporate seat in Amsterdam, the Netherlands, to be held on Wednesday, 26 July 2023, at 13:...
EQS-News: Steinhoff International Holdings N.V. : PROJECT PURPLE COMPL...
EQS-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous Steinhoff International Holdings N.V. : PROJECT PURPLE COMPLETION TIME AND CVR INSTRUMENT 30.06.2023 / 10:15 CET/CEST The issuer is solely responsible for the content of this announcement. STEINHOFF INTERNATIONAL HOLDINGS N.V. – PROJECT PURPLE COMPLETION TIME AND CVR INSTRUMENT Steinhoff International Holdings N.V. ("SIHNV") provides the following update on its Dutch law restructuring plan (akkoord) (“WHOA Restructuring Plan”) which follows the confirmation of the WHOA Restructuring Plan by the...
- Chris Hoare
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.