NewStats: 3,262,006 , 8,175,855 topics. Date: Saturday, 31 May 2025 at 01:48 PM 333p3w

Sunrisepebble:
Based on net profit in Q3 of 2.7bn and Q4 of 3.3bn. I think you are extremely conservative. I think they can make N10bn for the full year which gives an EPS of N8. it has been trading at an average PE of 6-7x. Do the maths
Bought 250k units @23.20 today, if there's a sell off and price dips i'll add more

putting inflation and competition competing with pricing power. They are currently using old raw materials due to fifo inventory valuation making the margins historically high.

So do you see them maintaining the margins going forward or it’s short lived performance

starpower:
putting inflation and competition competing with pricing power. They are currently using old raw materials due to fifo inventory valuation making the margins historically high.

Picky1:


Smart guys...using Naija peoples money to take profit for themselves - good business plan!
Hope they will start paying us dividends again next year!!

Maybe not

Tony Elumelu all white party with Davido, Wizkid and others last night voom UBA got positive today but the other guy own no even move Oando up. God dey sha

mikeapollo:


When I say this Tinubu is clueless, incompetent, useless and a complete failure, sometimes you say I should not say that because he is the president. The man is of no use to the masses in the position he is occupying.
A total waste of space!

Tell us what the government should do differently? After all the years of Oil/Forex subsidies didn’t translate to nationwide developments but huge debts and massive corruption

Venezuela and Norway are classic examples of two rich resource countries that you should go and research before you condemn the current government policies

Tax Reforms are desperately needed because there’s no ‘Representation without Taxation’. I wonder why previous istrations didn’t implement this policy especially our PHD holder Goodluck Jonathan that squandered the funds in the excess crude and many other opportunities

megawealth01:
Tong Elumelu all white party with David, Wizkid and others last night voom UBA got positive but the other guy own no even move Oando up. God dey sha

😂 😂

C'mon. If you believe the current policies are the right ones, you have to be able to tell us: 1) when they will work, 2) how they will work, and 3) how we will know that they're working, i.e., what objective evidence we should look out for to track progress.

Just saying trust Tinubu, or blaming the other guy, or trying to whip up ethnic division is so unsatisfactory when there is grinding hunger across the land. Defend the policies on the substance.

Bovis:


Tell us what the government should do differently? After all the years of subsidies didn’t translate to nationwide developments but huge debts and massive corruption

Venezuela and Norway are classic examples of two rich resource countries that you should go and research before you condemn the current government policies

Tax Reforms are desperately needed because there’s no ‘Representation without Taxation’. I wonder why previous istrations didn’t implement this policy especially our PHD holder Goodluck Jonathan that squandered the funds in the excess crude and many other opportunities

dapix:
Is NGX trading half day today?

Mansard is my 2025 pick. I don enter

Not sure what you mean by "dilute earnings," but in general, debt doesn't dilute earnings, especially when a business is earning profits in excess of the interest rate. There are three main legs to MTNN's recovery:

Grow revenue and margins, through tariff increases and new, high-margin service revenues (Momo)
Reduce operating costs, by renegotiating lease contracts for cell towers.
Reduce finance costs by limiting their FX exposure. Raising naira debt helps that.

Redoil:
the implication of these is that it will dilute their earnings hence nothing will be left for shareholders at the end of the day and all most all stock broking firm are making it look like mtn will soon fly to the moon

starpower:
i noticed this was undervalued when at N17 month back. They are going to approach around N6b to N8b in net profit soon.

Vitafoam?

Sunrisepebble:
So do you see them maintaining the margins going forward or it’s short lived performance

short lived but but still undervalued

HesInMe:
C'mon. If you believe the current policies are the right ones, you have to be able to tell us: 1) when they will work, 2) how they will work, and 3) how we will know that they're working, i.e., what objective evidence we should look out for to track progress.

Just saying trust Tinubu, or blaming the other guy, or trying to whip up ethnic division is so unsatisfactory when there is grinding hunger across the land. Defend the policies on the substance.

You people bring politics into economic conversations and will complain when the argument doesn’t go in your favor. You can say politics and economy are related, but where is the line? Some people like me believe this President is on the right track and have evidences to back it up. But if we start having the political back-forth on this thread, won't it derail the conversation?

megawealth01:
Tony Elumelu all white party with Davido, Wizkid and others last night voom UBA got positive today but the other guy own no even move Oando up. God dey sha

I can sense the sarcasm in your post , however the market simply trust Tony Elumelu a conservative banker. As per the other guy, nah OYO you dey

Damasco:


I can sense the sarcasm in your post , however the market simply trust Tony Elumelu a conservative banker. Therefore, nah OYO you dey as per the other guy

The both of them are cowboys just that they play differently

Bovis:


Tell us what the government should do differently? After all the years of subsidies didn’t translate to nationwide developments but huge debts and massive corruption

Venezuela and Norway are classic examples of two rich resource countries that you should go and research before you condemn the current government policies

Tax Reforms are desperately needed because there’s no ‘Representation without Taxation’. I wonder why previous istrations didn’t implement this policy especially our PHD holder Goodluck Jonathan that squandered the funds in the excess crude and many other opportunities

In as much as I never voted T pain and will not vote him again. I approve some of his policies though he was against Gooduick implementing them early enough to save the country. He and his group played politics and whr protesting without being arrested. It will never be well with that category of Nigerians.
Then don't come and be saying rubbish. He didn't squander the fund in excess crude . It is the useless governors spear headed by the governor of edo state.He has succeeded in puting a pawn as the governor.

HesInMe:
C'mon. If you believe the current policies are the right ones, you have to be able to tell us: 1) when they will work, 2) how they will work, and 3) how we will know that they're working, i.e., what objective evidence we should look out for to track progress.

Just saying trust Tinubu, or blaming the other guy, or trying to whip up ethnic division is so unsatisfactory when there is grinding hunger across the land. Defend the policies on the substance.

I would like to give you a comprehensive reply but I don’t want to derail this thread by going off topic

Nevertheless, no one can honestly give a timeframe because Nigeria’s main revenue is from a volatile commodity

Therefore, there are no shortcut solutions anywhere - we did not arrive at this economic crisis overnight and won’t get out of the situation overnight

HesInMe:
Not sure what you mean by "dilute earnings," but in general, debt doesn't dilute earnings, especially when a business is earning profits in excess of the interest rate. There are three main legs to MTNN's recovery:

Grow revenue and margins, through tariff increases and new, high-margin service revenues (Momo)
Reduce operating costs, by renegotiating lease contracts for cell towers.
Reduce finance costs by limiting their FX exposure. Raising naira debt helps that.

according to the profit and loss statement of mtn 2023 year end result shows shareholders fund were totally wiped out.
with all these their borrow borrow how long will it take to return to profitability and start paying at least 5naira dividend

Yes, my new MH stock but MH with good intentions

brodalikeme:




Vitafoam?

brodalikeme:




Vitafoam?

yup

Like seriously, that's bad ooo. So it means the shares bought through right issues will not qualify for 20225 dividend?

Redoil:
you will get it 12 months after the conclusion

Streetinvestor2:
In as much as I never voted T pain and will not vote him again. I approve some of his policies though he was against Gooduick implementing them early enough to save the country. He and his group played politics and whr protesting without being arrested. It will never be well with that category of Nigerians.
Then don't come and be saying rubbish. He didn't squander the fund in excess crude . It is the useless governors spear headed by the governor of edo state.He has succeeded in puting a pawn as the governor.

Bros, leave-am, na T-pain fit most Naija pipo! He brought the no waec result man who destroyed everything!
Now he's trying to do what both of them refused to let a simple-good man (though with his own faults) do with less pain.
We all pray and hope things get better....however, keying into fundamentally sound stocks is better than complaining!!
Merry Christmas to all of this great NSEMPA family!!!

Kereokwu:
Like seriously, that's bad ooo. So it means the shares bought through right issues will not qualify for 20225 dividend?

Not being sure of the qualification for dividends discouraged some from taking up the rights rather buying directly from the floor.
Think about it except for FBNH almost all others traded lower than the RI price....as planned by the cowboys.

Bovis:


I would like to give you a comprehensive reply but I don’t want to derail this thread by going off topic

Nevertheless, no one can honestly give a timeframe because Nigeria’s main revenue is from a volatile commodity

Therefore, there are no shortcut solutions anywhere - we did not arrive at this economic crisis overnight and won’t get out of the situation overnight

Let's be telling ourselves the truth. JAGABANomics should come out clean jare.

People should stop blaming past governments and face the reality for which they got into power as if it's their property. Now you have it, fix things please

As far as I'm concerned he said NOTHING in that media chat. Just the usual balablue talks

Locotrader:
I want to use this opportunity to say a happy Xmas to everyone In this forum.

We fought a good fight this year.

May we live to witness the new year as it approaches very fast in Jesus name.

Amen

From Chamified Loco

Amen

With Respect to Access bank RI

The Registrar to the Offer, Atlas Registrars Limited, will credit the CSCS s of applicants who have indicated their CSCS numbers on their respective
application forms with the shares allotted not later than January 10, 2025. Applicants without CSCS s will have their shares credited at the CSCS using a Registrar
Identification Number, in line with the SEC Directive on Dematerialisation of Share Certificates, not later than January 10, 2025. All surplus monies due to the subscribers
of securities under this Rights Issue shall be returned not later than January 2, 2025.


https://doclib.ngxgroup.com/Financial_NewsDocs/42766_ACCESS_HOLDINGS_PLC-ACCESS_HOLDINGS_PLC__RIGHTS_ISSUE_ALLOTMENT_ANNOUNCEMENT__CORPORATE_ACTIONS_DECEMBER_2024.pdf

Bovis:


Tell us what the government should do differently? After all the years of subsidies didn’t translate to nationwide developments but huge debts and massive corruption

Venezuela and Norway are classic examples of two rich resource countries that you should go and research before you condemn the current government policies

Tax Reforms are desperately needed because there’s no ‘Representation without Taxation’. I wonder why previous istrations didn’t implement this policy especially our PHD holder Goodluck Jonathan that squandered the funds in the excess crude and many other opportunities

Your clueless and grossly incompetent president should cut down on the size of his bloated cabinet and appointees to save costs, streamline expenditure to avoid or miinimse deficits .There was no need for the extravagant life style e.g. purchase of new aircraft .
This is a clueless govt that implements bad macro economics policies like reckless floating of the currency, high interest rates which lead to high inflation and high cost of living but turns around and expects state governors who are not managers of the macro economy to solve the problems through palliatives and blames them for the hunger of the people.
There is no sensible, import dependent, developing nation that floats it's currency and allows it to be at the mercy of the so called " free market forces" . What sensible govts do is to manage the exchange rate to ensure that the local industries remain competitive and are not overly disadvantaged.

Not trying to bad mouth Meristem, they have been good to me and i always root for them, check my previous posts on them but recently, i was quite shocked about what has happened making me question some of their practices. Early this month, a friend sold about 200k of Nascon (dont ask why) however, the value did not drop in his cash , but the sold units were deducted from his . Infact, he did not notice the details of the transaction till after a few days when he observed that his total portfolio value had dropped by about 5M in one day which did not seem right. Long story short, after about a weeks investigation, realized that even though the unit were gone, the value was not credited to his cash . Turns out that in the cash that was provided by MS, the transaction was indicated as a credit and debit on same day. Eventually, after he provided details of his investigation and copied cscs in the comms, MS said they will reconcile the units sold with the units on cscs platform, two days later the 200K units were returned back to his portfolio and tagged a system/platform error...Moral of the story is ,could this have happened before and gone unnoticed ...Everyone just beware of ins and out of your portfolio. In comparison, reporting is a key strength of morgancapital's trading platform, s can track portfolio movement on an asset basis easily from the system without intervention but trade execution is where they are lacking.. I still would root for MS, they have a simpler trade execution platform and try to be on the customer service ball, but more vigilance to avoid these type of issues.

PuristForest:
Not trying to bad mouth Meristem, they have been good to me and i always root for them, check my previous posts on them but recently, i was quite shocked about what has happened making me question some of their practices. Early this month, a friend sold about 200k of Nascon (dont ask why) however, the value did not drop in his cash , but the sold units were deducted from his . Infact, he did not notice the details of the transaction till after a few days when he observed that his total portfolio value had dropped by about 5M in one day which did not seem right. Long story short, after about a weeks investigation, realized that even though the unit were gone, the value was not credited to his cash . Turns out that in the cash that was provided by MS, the transaction was indicated as a credit and debit on same day. Eventually, after he provided details of his investigation and copied cscs in the comms, MS said they will reconcile the units sold with the units on cscs platform, two days later the 200K units were returned back to his portfolio and tagged a system/platform error...Moral of the story is ,could this have happened before and gone unnoticed ...Everyone just beware of ins and out of your portfolio. In comparison, reporting is a key strength of morgancapital's trading platform, s can track portfolio movements on an asset basis easily from the system without any interventions but overnight trade execution, intuitiveness and ease of use is where they fall short.. I would still root for MS, they have a simpler trade execution platform and try to be on the customer service ball, but more vigilance to avoid these type of issues.

mikeapollo:

Your clueless and grossly incompetent president should cut down on the size of his bloated cabinet and appointees to save costs, streamline expenditure to avoid or miinimse deficits .There was no need for the extravagant life style e.g. purchase of new aircraft .
This is a clueless govt that implements bad macro economics policies like reckless floating of the currency, high interest rates which lead to high inflation and high cost of living but turns around and expects state governors who are not managers of the macro economy to solve the problems through palliatives and blames them for the hunger of the people.
There is no sensible, import dependent, developing nation that floats it's currency and allows it to be at the mercy of the so called " free market forces" . What sensible govts do is to manage the exchange rate to ensure that the local industries remain competitive and are not overly disadvantaged.

Brilliant. 2027 is around the corner. Go for it.

MTNN looking very good......ewn all the way
https://ewnation.com/mtnn-is-the-sell-off-over/
aug 29 - https://ewnation.com/mtnn-is-a-reversal-in-sight/
nov 4 - https://ewnation.com/mtnn-is-the-sell-off-over/

Harvestock01:


Brilliant. 2027 is around the corner. Go for it.

I don't go for jobs that I am not prepared for! Only incompetent and clueless people do that.

[quote author=PuristForest post=133432165][/quote]

This guys have been using my eye to see shege and still seeing shege. My fmn dividend was not paid as at when due, I messaged them and they promised to rectify that but did not get back to me as per the reason for weeks, I had to message the registrar to confirmed which they told me that my brokers did not send them the specimen of my signature that i should message them for transfer form which i did and was sent, I filled it submitted to them, till now I have not been credited, the most painful part was when the fmn scheme was implemented my money didn't dropped, I message their customers care via chat to my surprise after he asked me to wait for him to check my profile the guy was not even aware of any of my previous plight, this made me very angry and i told that i want to move my portfolio from them but up till now they never responded to my requests. my dividend did not enter likewise my scheme payment for fmn.

I'm so damn stocked and tired.

Meristem na yeye brokers, I have condemned and I'm still condemning them..

I hope I have a way out of this..

Mcy, megawealth, street, pa Emma etc. pls suggest a way out for me, this people want to finish me finally.