still have a feeling this will be Round R 150 bye the end of the year, it is the stock most held bye fund managers, and surely they will wanna prop it up so they get there end of year performace Bonuses
MTN is a buy long term. In December the PE on this baby was 16.6 at a price of R100. Now trading at R 118 at a PE 12.8. This share is in other words now cheaper than it was after the credit crunch. It was punished after the Bharti fallout, which in my books was for the better. This company has huge growth potential outside SA. Give it five years and it will be trading above R200.
boet R119.40 is bit to expensive for me i got in at 114.00 with a target 123.00, but also took warrents on this one and time decay can be a silent killer so might get out sooner , By the way simon on the subject on time decay is it true that knockout warets dont have time decay
I remain optimistic about MTN in the med and long term - just due to personal experience. During the recent times of economic pressure people I know may have stopped eating at restaurants, stopped buying fancy new cars and houses. But, I don't know of anyone who has embarked on a strategy to use their mobile phone less... Our teenage son can't buy enough recharge vouchers with his pocket money (a the expense of computer games and clothes)