Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Similar happened on 7/2/22, at exactly the same price, £1.40 and the share tanked the next day before recovering. As you said, there does seem to be a legitimate reason for the sale, so let's hope we;re not hit so hard this time. Frustrating after breaking out of a bullish triangle pattern.
It would appear that the sale by Singtel has now been completed. 60m shares of AAF were sold at an average price of £1.40.
This represents about 1.6% of AAF shares in issue, Singtel retains 3.9% of AAF share capital.
Early investors taking profit-the price will be key. Maybe good opp to buy a few more....
It may be connected with its acquisition of dialog PTE for $325m, which was announced earlier this month.
J.P. Morgan Securities plc has been appointed by Singapore Telecom International Pte Ltd to sell approximately 55 million ordinary shares in Airtel Africa plc as part of an accelerated bookbuild process.
The bookbuild process will commence with immediate effect following this announcement and may close at any time at short notice.
Airtel Africa will not receive any proceeds from the Placing.
I have no idea why Singapore Telecom International Pte Ltd is selling these shares but an accelerated bookbuild is often used when a company is in immediate need of financing.
I do not see it as any reflection on AAF as an investment.
It is however a large number of shares to come to market.
Well hopefully you have woken up this bulletin board as it’s been pretty quite in here. No news appears to be good news generally here.
Please ignore this was meant for AZN chat page oops!
Looks like the imminent EU approval of a Covid 19 preventative drug is set to propel this share above £100
Nice.......
Agreed ,about the only thing that has changed negatively is that the " consumer " African or not will have less disposable income as a result of higher inflation but I do not think that they will dump their phones in Africa I. I would imagine that they are far more essential there than in Europe . AAF is probably being hit by its higher profile in the FTSE 100 because trackers will be obliged to dump them . The only risers today are the metals and several large FTSE companies are having similar falls.
While a rising tide lifts all ships, and of course the opposite is true.
I understand this is going to be dragged down by the market, but it does seem a little overdone in my opinion, I see nothing has changed negatively in the stock to warrant this drop.
tricky1276
AAF back into normal range as expected. I would add more but its already a little over 6% of my portfolio, so will probably add to LGEN, SSE, or BP. first.
Should only be down on market sentiment , strange that this has fallen further than the market because so far as I can see this should not be directly impacted by the situation in Russia .
Probably due to the fact that this is a well traded volume stock at a relative high so there are more profit takers than buyers at the moment . let it settle for a while then add.
Hells teeth, I should keep my big mouth shut, I've lost nearly £1400 on the value of this stock today, but I am fortunate that overall I'm still in the black, just. And its just a paper loss unless I sell.
I've only sold 1 stock today (at a very small profit), but not because I thought that stock had changed, just because another 2 stocks hit bargain prices and will offer a better medium to long term return on my investment.
My portfolio has lost nearly £10k of its value today.
I'm sure many are worried, but remember, the stocks you invested in have not changed, if they were a good company yesterday, they are just as good today. History shows that if the company is well run and drops are caused by external forces, they will rise again. Its an uncomfortable feeling, but only sell if you think the company has changed for the worse.
Best wishes to those holding.
Good to see it continue to trickle up again so far today.
Strange drop today, I can't see any reason, so I would suggest its just a blip.
I really can't see the Ukraine issue being the culprit.
Nice to be knocking on 150p again.
"Well I did say fell for "weeks".
Weeks did not imply fall permanently never to recover."
True, but the share price didn't fall for weeks. It only fell from April 12th until April 19th and then it rose for weeks. Hopefully a similar thing is happening now too.
Even at this price there are 11 companies below AAF in the FTSE100 and nearly £1bn between them (by mCap)
Highveled - Look what happened to Vodafone but difference is AAF is still expanding so might do well for time being unless SP goes down and goes out of Ftse100.
Of course, Roy, one cannot rely in any way on the judgments of brokers. But with this share in this context...in middle of a debate about its medium to long term value....a broker making this particular prediction is worth some consideration
......IMHO will get back on track upwards: i'm cashing out at 1.80. Will seriously consider keeping them to for good if they transition to a value div. Something around 4%.Cash generating companies have to reward share-holders.
GLA
When there's a premium and that could be anytime - we don't have a crystal ball unfortunately. I feel there are other factors at play here.
When do you think the buyers of the shares @ 140 would be looking to offload? Would it be a short term or long term basis. If it was short term and you knew this, would you bother buying around now or just wait for them to clear? They are not tied into 90 days. Just a thought.
Yes you have to watch for the self interests. I take it all with a pinch of salt.