Incase you’ve been living under a rock or frankly just don’t care to watch the news or read it anywhere you get, then you probably one of the very few folks that haven’t heard about the biggest deal in the Nigerian Capital Market for 2020.
Yello! MTN Nigeria is offering 575 million ordinary shares of 50 kobo each to the general retail investing public at a price of N169 per share. Application list for the offer had opened on December 1, 2021 and it is scheduled to close by 5.00 pm on December 14, 2021.
Minimum subscription to the retail offer is 20 shares and thereafter in multiples of 20 shares. The offer includes a bonus share of one share for every 20 shares bought by a retail investor subject to maximum bonus shares of 250 per investor. However, to qualify for the free share such retail investors must hold the shares allotted to the after the allotment date for at least a period of 12 months.
Still unsure about taking advantage of the public offer, here are 9 reasons why this is a can’t miss opportunity.
- They are the service provider to beat, both in Nigeria and all over Africa, with over 70 million subscribers representing a voice and data market share of 38.4% and 41.7%, respectively.
- MTN is Nigeria’s most profitable company.
- Its stocks is the second most capped on the stock exchange with about N3.4 Trillion.
- Guaranteed value for money as you get an additional unit for every 20 units of MTN Stocks purchased. Take advantage of this opportunity to own part of the company and make money at the run.
- MTN made N415 billion in the 3rd Quarter of 2021 and posted a gain of N1.5 trillion in the First 9 Months of 2021.
- Analysts have projected that the stocks may increase by 19% in the coming days.
- MTN listed on NGX on 16th May 2019 at N90.00/share and currently trades at N190.00/share, an appreciation of 111.1%.
- Everyone buys Mobile data, and you can’t do without it.
- MTN Nigeria has demonstrated a consistent dividend pay-out history averaging 58.7% since 2019 with a current yield of 6.0%.
Here’s how to take part:
- Create an account or update your existing account with Anchoria Investments & Securities Ltd on https://anchoriaonline.com
- Fund your account for the transaction using the details below – 0003769592 STERLING BANK Anchoria Investments & Securities Limited
- Fill the attached MTN Shares Offer Form and send it back to [email protected].
If you’ve got questions:
Call us on 08052535868, 081762905570 or email [email protected].
