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Thoughts on MTN going forward

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Valued Contributor
yip Hali it has become a great range trading stock for those that trade stocks (which I don't) ..
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Super Contributor
Now , now children, play nicely. What puzzles me is the following: If this company had been properly run then this mess would not have happened. But it clearly wasn't and what is also probable - if not completely certain - is that there will be other financial impairments and/or skeletons in the cupboard. And until the new broom actually takes up office - not tomorrow BTW - there is no way of telling how bad the total impairments will be. Short term trade, long term "avoid" until there is much more clarity.
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Valued Contributor
yip partridge , exactly what I been saying since 24 Oct last year ..
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Super Contributor
At best, I will adopt a "Neutral" stance on this stock. Will be a buyer from R108 to R119.
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Super Contributor
i think they have managed the crisis well, including hiring new management. But if you investing, you not investing in managers, but telecoms: qustion is,is that a space you want to be invested in. If yes,then MTN below 120 is a reasonable buy.
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Super Contributor
Such fun! handbags und lipsticks at 1700.
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Super Contributor
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Contributor
See what the international guys think about the situation in our beloved Africa. http://www.vanguardngr.com/2016/05/nigeria-mtn-bungled-regulation/
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Super Contributor
Query: what other jse listed can give exposure to gdp$ 490 in afrique? , even fools dad gota get lucky sometimes, e.g. some members this forum, so id est "timing".
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Super Contributor
If MTN could get a "distributed" banking model rolled out into Africa - that would be interesting! I will carry (and trade) 10 000 of these things in the hope of development along those lines.
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Super Contributor
OR Rolled out into the middle East etc. for that matter.
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Valued Contributor
rams you are absolutely investing in management .. ask yourself how they managed to 'lose' USD1.6billion .. wasn't the sector it was management
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Super Contributor
yes, agree, but management has been changed. Was that not how Buffet found value, by having a say in management because of the large sharehlding in those "undervalued" companies.
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Not applicable
I take it you mean which other company can give you exposure to the Nigerian economy? There are lots (some listed properties, Clover, Nampak, Aspen and Shoprite). The question I think which is more relevant is what other company can give you heavily geared exposure to Nigeria - MTN has a hangofa lot of exposure there.
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Valued Contributor
clover pulled out of Nigeria if I recall
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Super Contributor
who said to the Queen that Nigeria is fantastically corrupt?
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Super Contributor
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Super Contributor
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Super Contributor
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Super Contributor
yes, and thats what his leave colleagues are saying about the EU
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