11000 ... that's a nice round number! I agree that the drop will continue but I think it will stop around 11500-11600 btw .. did everyone see that Phuthuma sold a couple million shares at 151odd? ...that was at the perk ... surely that's wrong!
As someone who is holding MTN shares, I want to see than just the numbers. I want to know what's happening with all the M&A talks... The management team needs to confirm or deny that there are talks with South American companies. The share is a good share and if they are in talks if will spike again ... if not it will drop cause the numbers from Iran is not what they promised a few months ago!
I think MTN was dropping because the traders/investors qualifying for local BEE schemes are rushing to buy YeboYethu/Vodacom shares. I'm expecting a further downfall until Yeboyethu scheme is closed, and then MTN will rise longer from there
Cell Cs customers are up 58%. Unlikely that these are virgin cell users, more likely that one or both of the big two are loosing market share. Better competition = lower margins. I'm sure there are also lots of other possible reasons for lower than expected results.