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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  MTN Group Limited    MTNJ   ZAE000042164

MTN GROUP LIMITED

(MTNJ)
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MTN : lists 20.35bn shares on Stock Exchange

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05/17/2019 | 03:35am EDT

Chinwendu Obienyi

Themuch-awaited listing of telecommunication giants, MTN Nigeria Communications Plc. took a massive leap as the Nigerian Stock Exchange (NSE) yesterday, admitted the telecom company on its premium board platform via listing by introduction.

Details of the listing showed that the 20.35 billion ordinary shares were introduced at N90 per share on the Premium Board even as Thursday’s trading session closed in the green with the market capitalisation settled at N12.525 trillion due to N1.8 trillion added by MTN’s shares. MTN Nigeria, a part of the MTN Group, Africa’s leading cellular telecommunications company, is the first telecommunications network provider to be listed on the NSE Premium Board, a listing segment for the elite group of issuers that meet the Exchange’s most stringent corporate governance and listing standards.

Commending listing, Chief Executive Officer of NSE, Oscar Onyema, said, “We are delighted to welcome MTN Nigeria to the Exchange. Today’s listing is a promising development in the country’s telecommunications sector and we encourage other players in the sector to explore the different opportunities in the capital markets for raising long term capital.

“As a listing platform of choice, today’s listing will add to our bouquet of diverse investment offerings to the public. Having MTN Nigeria listed in our market is a testament of the Exchange’s commitment to building a dynamic and inclusive market and creating channels for sustainable investment.

The post MTN lists 20.35bn shares on Stock Exchange appeared first on The Sun Nigeria.

(c) 2019 The Sun Publishing Limited. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (ZAR)
Sales 2019 148 B
EBIT 2019 28 357 M
Net income 2019 12 631 M
Debt 2019 70 207 M
Yield 2019 5,01%
P/E ratio 2019 16,20
P/E ratio 2020 13,25
EV / Sales 2019 1,86x
EV / Sales 2020 1,82x
Capitalization 205 B
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Mean consensus HOLD
Number of Analysts 7
Average target price 109  ZAR
Spread / Average Target 0,60%
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Managers
NameTitle
Robert Andrew Shuter Group President, CEO & Executive Director
Phuthuma Freedom Nhleko Non-Executive Chairman
Jens Schulte-Bockum Group Chief Operating Officer
Ralph Tendai Mupita Group Chief Financial Officer & Executive Director
Charles Molapisi Chief Information & Technology Officer
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