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IMO - these are quite consistent results, good profit stability. Not much of a change expected on SP but there's support to valuation in results.
Was a bit surprised to see drop on open.
History shows that on any update / results is when IIs off load.
A lot are still in from sub 50p. It opened up and then the big 10% drop.
Hopefully it gets back to yesterdays close and we go again.
Consistent? I'd say they are pretty spectacular Yuri - the huge EPS hike, for example? I can see the SP going higher based on these eventually, unless the market has already priced it in.
Couldn't agree more ... business is strong... growing ... margins maintained despite inflation... top up time ..a gift at this price.. long term hold , buy the dips ... build a stake , and retire on the future dividend income ... this business will be debt free instead term
In my humble opinion, this morning was just a tree shake. Chart structure still intact. By the way BT.A also off this am (same industry).
Absolutely outstanding results, just the expected 'sell on news' as it's been building for days in advance
Good results. Nothing I've seen makes me want to sell so continuing to hold for the long term.
I think you're probably right Blubay, the market did seem to be anticipating outstanding results. We've seen these sudden drops before followed by fairly swift recoveries. If the management statement is anything to go by, they have done well DESPITE relatively challenging conditions, so potentially there is even better to come if things improve. There also seem to be multifarious opportunities to expand both the customer base and the range of services they use. The improved profitability, improved balance sheet and demonstration of rapid growth ought to be enough for a re-rating, imo.
In the absence of any fundamental bearish news, I too could only come up with it's a case of 'buy on the rumour and sell on the news' as I too was contemplating selling all this week (and in later days/weeks rebuying :) only because the SP was Overbought condition and the near vertical climb was at odds with worldwide stock markets and geo political events casting gloom over the world's major markets since February this year. It's been impossible not to be in profit whatever date an investor bought unless it was in the past week or so. I bought late October with the intention of a buy in November and sell in May Strategy, but it's a keeper :)
In one day the SP has descended out of Overbought condition so now a case of seeing if the rate of descent slows or not as my thinking is it may well in the coming weeks do the opposite and panic may drive the SP into a case of Oversold sellers, and that would be the cue to top-up.
But first let's see if this pullback peters out quickly or not.
Nice progress off the floor today. An attempt back into the 160's next week?
- I'm thinking so... :)
How does Airtel manage debt, with about 2 bln current asset and 3 bln current liabilities?
Drop looks over done now...started to accuminlate again after recent highs....GLa
Also accumulating. It feels odd to want this fall, so I can really load up.
Alessandro - I see you've raised the same query on the "other" board. Your insinuation that AAF is cash light is either a misunderstanding of the financial position or a deramp. On the assumption it's the former - most company's hold inadequate cash at any point in time to meet their liabilities due over the proceeding 12 months. I've just done an assessment exercise for housebuilders in the FTSE as an eg - not one had enough cash. AAF's current and non-current liabilities is on an improving trend - both because debt is reducing and because revenue is increasing.
No doubt people will have their own view on debt - but in my view it's a nominal risk, and one the business is managing.
Newboots, I am not de-ramping Airtel and not 'insinuating'. I don't think a comment from some average Joe can have any influence, even on the smallest company. Mine was a genuine question. I looked at the quick ratio <<1 from different angles. I don't expect a company to have cash reserves equal or greater than its current liabilities, but I feel more comfortable with a quick ratio of at least 0.8, just as I don't understand in depth how financial gearing is managed in times of recession, increasing interest rates or more aggressive competition. I consider mobile operators unable to offer a product at a premium price since mobile bundles are commoditised to an extent, so it is somehow a race to what company can provide services at the lowest price. That being said, Airtel managed to be the third biggest network provider in Africa and I hope the good momentum continues, in terms of acquisition of new customers and reduction of debt (which as you say is on a good trajectory). If you think I am de-ramping, give more power to me, so you can load more shares (and so would I).
Good discussions.
I've just brought in. The growth is compelling, the ROE and ROCE for me are key elements that is showing a company still geared towards growth.
They are ploughing money back into the business and getting great returns from this, with a low PE I see this as great growth opportunity. Not many companies out there doing what they are achieving at the moment
Newboots,Forever..... good one .... high buy vols here, also at Vod/Bt today.. bodes well ...give it a few weeks be rising again Gla
Took again batch in a sea sellers and market gloom ......Bt n Vod heading south...Altice/ Patrick Drahi doesnt have to sell their 18% stake in BT , stated in papers today... lastest telecom news
I'm in at 136. Dunno if it's a complete gamble or a good investment...
Robina.....looks like quite few buyers agreed with you ....5 million against 1 million sellers...growing customer base bodes well for AAF .....held off buying to trade today myself.... ATB