/RESEARCHING A STOCK FROM TOP TO BOTTOM/
MTN EDITIONšš±
[THREAD]
MTN EDITIONšš±
[THREAD]
![/RESEARCHING A STOCK FROM TOP TO BOTTOM/
MTN EDITIONšš±
[THREAD] https://t.co/So2Rg8Y3bL](https://pbs.twimg.com/media/Fhv1b_EXoAAFgc7.jpg)
This is a lengthy thread so grab some tea and letās learn something about MTN.
Contents:
1)Understanding the company
2)Economic moat
3)Financials
4)LeadershipĀ &Ā Management
Contents:
1)Understanding the company
2)Economic moat
3)Financials
4)LeadershipĀ &Ā Management
1.1/ Understanding the company
MTN is a multinational mobile telecommunications company and has grown into one of the largest companies in its sector.
Its two main operations are:
-MTN South Africa
-MTN Nigeria
These two operations make up two-thirds ofĀ theĀ business.
MTN is a multinational mobile telecommunications company and has grown into one of the largest companies in its sector.
Its two main operations are:
-MTN South Africa
-MTN Nigeria
These two operations make up two-thirds ofĀ theĀ business.
1.2/ MTN South Africa
Evidently, South Africa has many economic and political challenges.
Despite this fact, South Africa is an attractive market for MTN to operate in.
Data traffic grew by 58.3%Ā inĀ FY2021.
Evidently, South Africa has many economic and political challenges.
Despite this fact, South Africa is an attractive market for MTN to operate in.
Data traffic grew by 58.3%Ā inĀ FY2021.
In early 2022, MTN South Africa secured a high-demand spectrum to support their 4G and 5G expansion drives.
MTN South Africa is 100% owned by MTN Group.
(This screenshot was taken from the 2021Ā annualĀ report).
MTN South Africa is 100% owned by MTN Group.
(This screenshot was taken from the 2021Ā annualĀ report).
1.3/ MTN Nigeria
MTN Nigeria is 75.6% owned by MTN Group.
In April 2022, MTN Nigeria commenced operations of MoMo, which will help scale the FinTech business and achieve more financial inclusion.
MTN Nigeria data traffic grew by 85.5%Ā inĀ FY2021.š
MTN Nigeria is 75.6% owned by MTN Group.
In April 2022, MTN Nigeria commenced operations of MoMo, which will help scale the FinTech business and achieve more financial inclusion.
MTN Nigeria data traffic grew by 85.5%Ā inĀ FY2021.š
MTN Nigeria has faced problems such as the suspension of the sale and activation of new sims.
MTN Nigeria responded by getting 67% of its subscriber base to submit their NINs.
MTN Nigeria operational performance:
(Screenshot is taken from the 2021Ā annualĀ report)
MTN Nigeria responded by getting 67% of its subscriber base to submit their NINs.
MTN Nigeria operational performance:
(Screenshot is taken from the 2021Ā annualĀ report)
1.4/ Products
MTN offers products to both individuals and businesses.
They offer voice services, data services, wireless services, SMS services, digital and fintech services, telemetry services, wholesale, roaming services, and mobile devices.
But wait, thereĀ isĀ muchĀ moreš
MTN offers products to both individuals and businesses.
They offer voice services, data services, wireless services, SMS services, digital and fintech services, telemetry services, wholesale, roaming services, and mobile devices.
But wait, thereĀ isĀ muchĀ moreš
Network is also one of their services.
This includes āsubsea cables providing international connectivity services; terrestrial and metro fiber networks; data centers and cable landing stations; and FTTx, towers, and radio accessĀ networks.ā
This includes āsubsea cables providing international connectivity services; terrestrial and metro fiber networks; data centers and cable landing stations; and FTTx, towers, and radio accessĀ networks.ā
FinTech:
MTN offers digital financial services, such as access payments, e-commerce, insurance, lending and remittance services, enterprise services, unified communications, Internet of Things, software-defined networks, API products, and services for telecommunication.
MTN offers digital financial services, such as access payments, e-commerce, insurance, lending and remittance services, enterprise services, unified communications, Internet of Things, software-defined networks, API products, and services for telecommunication.
They have a total of more than 270 million subscribers in 19 different markets across two continents.
We can clearly see that there is more to MTN than what meetsĀ theĀ eye.Ā š§
We can clearly see that there is more to MTN than what meetsĀ theĀ eye.Ā š§
1.5/ Times havenāt always been great
The company faced a few years of negative performance, which affected the share price accordingly.
However, thanks to its strong cash position and new operating structure, the company positioned itself to capitalize on the nextĀ opportunity.
The company faced a few years of negative performance, which affected the share price accordingly.
However, thanks to its strong cash position and new operating structure, the company positioned itself to capitalize on the nextĀ opportunity.
2/ Economic moat
An economic moat is a sustainable competitive advantage.
Most telecommunication businesses carry the moat of high switchingĀ costs.
An economic moat is a sustainable competitive advantage.
Most telecommunication businesses carry the moat of high switchingĀ costs.
Switching service providers often comes with financial costs as well as an inconvenience cost.
Nobody likes switching cell phone numbers or buying additionalĀ equipment.
Nobody likes switching cell phone numbers or buying additionalĀ equipment.
3/ Financials
4/ Leadership and management
Leadership can make or break a business.
As investors, we should evaluate the people who we are entrustingĀ withĀ ourĀ money.
Leadership can make or break a business.
As investors, we should evaluate the people who we are entrustingĀ withĀ ourĀ money.
CEO: Ralph Mupita
Ralph Mupita has been CEO of MTN for 2 years.
He has held various executive positions at Scancom Plc, Rand Merchant Investment Holdings Limited, Old Mutual Emerging Markets, Old Mutual Life Assurance Company, Individual Life, and UAP HoldingsĀ Limited.
Ralph Mupita has been CEO of MTN for 2 years.
He has held various executive positions at Scancom Plc, Rand Merchant Investment Holdings Limited, Old Mutual Emerging Markets, Old Mutual Life Assurance Company, Individual Life, and UAP HoldingsĀ Limited.
He attended executive programs at London Business School and graduated from Harvard Business School.
Before taking on the role of MTN CEO, Ralph was the CFO up until 2020.
He owns approximately 0.033% of the company.
He is a man who has truly done andĀ seenĀ itĀ all.š
Before taking on the role of MTN CEO, Ralph was the CFO up until 2020.
He owns approximately 0.033% of the company.
He is a man who has truly done andĀ seenĀ itĀ all.š
CFO: Tsholo Molefe
Tsholo Molefe has been Group CFO since April 2021.
She holds other executive positions at Scancom Plc, MTN Nigeria Communications PLC, Yellow Pages, and First Avenue Investment Management.
Prior to joining MTN, she was CFO at Telkom SAĀ SOCĀ Limited.š„
Tsholo Molefe has been Group CFO since April 2021.
She holds other executive positions at Scancom Plc, MTN Nigeria Communications PLC, Yellow Pages, and First Avenue Investment Management.
Prior to joining MTN, she was CFO at Telkom SAĀ SOCĀ Limited.š„
Tsholo Molefe has also held high positions at Eskom, namely Interim CEO, Group Executive, and Finance Director.
Is this a red flag for investors even though she is clearly trustedĀ inĀ keyĀ roles?š¤
Is this a red flag for investors even though she is clearly trustedĀ inĀ keyĀ roles?š¤
COO: Jens Schulte-Bockum
Jens Schulte-Bockum has served as Non-Executive Director of MTN Nigeria Communications PLC since 2017 and has been Group COO since 2017.
Jens has massive experience in the consumer business, as he was also CEO of VodafoneĀ GmbH.šø
Jens Schulte-Bockum has served as Non-Executive Director of MTN Nigeria Communications PLC since 2017 and has been Group COO since 2017.
Jens has massive experience in the consumer business, as he was also CEO of VodafoneĀ GmbH.šø
He was also the Chief Operating Officer of Vodafone German and of Vodafone Libertel N.V.
He was responsible for the global purchase of over 60 million handsets a year during his time at VodaFone.
He owns about 0.0028%Ā ofĀ theĀ company.
He was responsible for the global purchase of over 60 million handsets a year during his time at VodaFone.
He owns about 0.0028%Ā ofĀ theĀ company.
In conclusion, the team seems well equipped to handle the growth of the business, and the business is well positioned for the evolution of the industry.
Are you bullish or bearishĀ onĀ MTN?š
Are you bullish or bearishĀ onĀ MTN?š
NB:
This is not financial advice; this is merely an educational thread and shouldn't be relied on when making financial decisions.
This is not financial advice; this is merely an educational thread and shouldn't be relied on when making financial decisions.
That's it for us, we hope you enjoyed the tweetš
Follow @FinMeUp for more educational threads.
Follow @FinMeUp for more educational threads.
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