View 
FILTERS (0)
* Not connected to ResearchPool

MORE FILTERS

   reports
Peter Kurt Nielsen
  • Peter Kurt Nielsen
PREMIUM
TIGO SDB Millicom Intern...

Millicom - In play

Xavier Niel becomes largest shareholder with 7% stake Says supportive of Millicom’s strategy and management A likely first step only; Millicom now a take-over target

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
11/06/22 November 6, 2022 1 EN
Peter Kurt Nielsen
  • Peter Kurt Nielsen
PREMIUM
TIGO SDB Millicom Intern...

Millicom - Fighting macro headwinds

Q3 growth rates reflect weaker macro trends as expected ’22e-’24e EBITDA -2%, ‘22e EPS -35% on finance losses Risks to outlook and guidance but valuation upside

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
10/27/22 October 27, 2022 1 EN
Peter Kurt Nielsen
  • Peter Kurt Nielsen
PREMIUM
TIGO SDB Millicom Intern...

Millicom - Q3’22: weakening markets

Serv. revs -1%, EBITDA -5% vs ABG and consensus FY’22 guidance for EFCF USD 150-200m in line Cons estimates and shares down by 3-5%

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
10/27/22 October 27, 2022 1 EN
Peter Kurt Nielsen
  • Peter Kurt Nielsen
PREMIUM
TIGO SDB Millicom Intern...

Millicom - Q3’22: weaker macro trends taking hold

Stable performance but EBITDA growth coming down Estimates reduced 1-2% on weaker Columbian peso Macro environment challenging; TP to SEK 200 (250)

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
10/24/22 October 24, 2022 1 EN
Christer Linde
  • Christer Linde
PREMIUM
SECU B Securitas AB Cl...
AXFO AXFOOD AB ... (+4)

Strategy Report - Share performance during rights issues

Increasing amounts of rights issues expected Last five years saw shares overperform post-rights issue Offensive reasons for issues generally perform well

SECU B SECURITAS AB CLASS B
AXFO AXFOOD AB
BILL BILLERUDKORSNAS AB
TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
10/12/22 October 12, 2022 1 EN
Peter Kurt Nielsen
  • Peter Kurt Nielsen
PREMIUM
TIGO SDB Millicom Intern...

Millicom - EBITDA growth catching up

Solid growth in service revenues and EBITDA OCF and EFCF guidance and targets reiterated Fundamentals strong but macro challenges weigh

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
07/29/22 July 29, 2022 1 EN
Peter Kurt Nielsen
  • Peter Kurt Nielsen
PREMIUM
TIGO SDB Millicom Intern...

Millicom - Q2’22: EBITDA growth accelerating

Q2 service revenue in line with EBITDA 1-2% above Guidance for OCF and EFCF reiterated Cons estimates +2-3%, shares to react positively

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
07/28/22 July 28, 2022 1 EN
Peter Kurt Nielsen
  • Peter Kurt Nielsen
PREMIUM
TIGO SDB Millicom Intern...

Millicom - Time to revisit

Rights offering period and trading in rights from 27 May EPS diluted by 42% with TP to SEK 250 (400) Appealing valuation multiples & recovery potential; BUY

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
05/25/22 May 25, 2022 1 EN
Peter Kurt Nielsen
  • Peter Kurt Nielsen
PREMIUM
TIGO SDB Millicom Intern...

Millicom - All set for the rights offering

Q1 in line with only minor estimate changes Rights issue to pressure shares; TP to SEK 400 (450) We see strong recovery potential and uplift post offering

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
04/29/22 April 29, 2022 1 EN
Peter Kurt Nielsen
  • Peter Kurt Nielsen
PREMIUM
TIGO SDB Millicom Intern...

Millicom - Q1’22 results fully in line

Q1 results fully in line with ABG and cons estimates Timing for USD 750m rights issue announced Minor changes to cons estimates; shares slightly up

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
04/28/22 April 28, 2022 1 EN
Peter Kurt Nielsen
  • Peter Kurt Nielsen
PREMIUM
TIGO SDB Millicom Intern...

Millicom - Q1’22: solid growth but higher costs

Q1 results 28 April: solid performance looks set to continue Higher costs weighing on EBITDA growth, as in Q4 We expect the share to recover post upcoming rights issue

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
04/21/22 April 21, 2022 1 EN
Free Trial
TIGO SDB Millicom Intern...

MILLICOM INTERNATIO sees an upgrade to Slightly Positive due to a bett...

The general evaluation of MILLICOM INTERNATIO (SE), a company active in the Mobile Telecommunications industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 29, 2022, the clos...

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
03/30/22 March 30, 2022 1 EN
Soomit Datta
  • Soomit Datta
EUR 9326.00
TIGO SDB Millicom Intern...
MIC MILLICOM

New Street: TIGO (Buy, TP: $48, +75%) Millicom Q4s: Buy back looks se...

Ahead of Monday's Investor Day, Millicom released FY numbers this morning which were generally solid; higher corporate costs a slight worry, but broader guidance OK and including a pick up in homes passed within the existing capex envelope.

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
MIC MILLICOM
02/14/22 February 14, 2022 1 EN
Peter Kurt Nielsen
  • Peter Kurt Nielsen
PREMIUM
TIGO SDB Millicom Intern...

Millicom - Cash flow to start growing

Q4’21: strong operational momentum continues Positive outlook for growth in cash flow during ’22-‘24e CMD to present positive outlook for growth and OCF

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
02/11/22 February 11, 2022 1 EN
Peter Kurt Nielsen
  • Peter Kurt Nielsen
PREMIUM
TIGO SDB Millicom Intern...

Millicom - Q4’21e: weaker on tough y-o-y comps

Q4e: weaker Latam growth on tough y-o-y comparisons Guatemala now 100% (IFRS) consolidated We expect shares to recover post upcoming rights issue

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
02/07/22 February 7, 2022 1 EN
Soomit Datta
  • Soomit Datta
EUR 9326.00
TIGO SDB Millicom Intern...
MIC MILLICOM

New Street: Millicom (Buy, TP: $48, +68%) Millicom: A busy quarter pr...

Q1 is set to be a busy quarter for Millicom. FY results are due on Feb 11, followed by an investor day on Feb 14 which is designed to showcase the stock ahead of a USD750 million placing due by the end of Q1 which is set to part-fund the Guatemala minority buy-in.

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
MIC MILLICOM
01/18/22 January 18, 2022 1 EN
Soomit Datta
  • Soomit Datta
PREMIUM
TIGO SDB Millicom Intern...
MIC MILLICOM

New Street: TIGO (Buy, TP: $48 (from $44), +33%) Telco Nirvanas: Upgr...

Duopolies, light regulation, US$-based revenues: Telco Nirvana for an EM investor. Millicom’s announced (and closed) buy-in of the minorities last week in one of the best country-examples of this construct means Guatemala will represent 38% of proportionate EBITDA.

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
MIC MILLICOM
11/16/21 November 16, 2021 11 EN
Peter Kurt Nielsen
  • Peter Kurt Nielsen
PREMIUM
TIGO SDB Millicom Intern...

Millicom - Buying out minorities in Guatemala

Will acquire local partner’s 45% stake at USD 2.2bn value Strategically and financially attractive for Millicom Share issue at depressed valuation, but a net positive

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
11/12/21 November 12, 2021 4 EN
Peter Kurt Nielsen
  • Peter Kurt Nielsen
PREMIUM
TIGO SDB Millicom Intern...

Millicom - Q3’21: Positive outlook

Q3: investing for growth is reaping rewards May reach ~10% OCF growth target in 2022 With material upside to shares we remain at BUY

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
10/29/21 October 29, 2021 16 EN
Peter Kurt Nielsen
  • Peter Kurt Nielsen
PREMIUM
TIGO SDB Millicom Intern...

Millicom - Q3’21 results in line

Latam service revenues and EBITDA in line FY outlook for OCF of at least USD1.4bn unchanged Small impact on cons estimates and shares expected

TIGO SDB MILLICOM INTERNATIONAL CELLULAR SA SWEDISH DEPOSITORY RECEIPT
10/28/21 October 28, 2021 4 EN
Loading...
New interest

Save your current filters as a new Interest

Please enter a name for this interest
Save

Email alerts

Would you like to receive real-time email alerts when a new report is published under this interest?

Save This Search

These search results will show up under 'Saved searches' in the left panel

Please enter a name for this saved search
Save

ResearchPool Subscriptions

Get the most out of your insights

Get in touch