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

MTN GROUP LIMITED

(MTNJ)
  Report  
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 10/18
93.65 ZAR   +0.71%
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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 150 B
EBIT 2019 31 087 M
Net income 2019 11 293 M
Debt 2019 65 608 M
Yield 2019 5,87%
P/E ratio 2019 15,0x
P/E ratio 2020 11,3x
EV / Sales2019 1,56x
EV / Sales2020 1,50x
Capitalization 168 B
Chart MTN GROUP LIMITED
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Technical analysis trends MTN GROUP LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 113,50  ZAR
Last Close Price 93,65  ZAR
Spread / Highest target 34,5%
Spread / Average Target 21,2%
Spread / Lowest Target 0,37%
EPS Revisions
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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