MTN GROUP Ltd. (MTNOY.PK)
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Africa are you kidding?!
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I guess I'm bullish on this one....not sure why.
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MTN have 2 things that i like: simple business with stable cash-flows and a huge market to exploid in an empty continent call it Africa!!! That's why i believe that MTN is a good bet for the long run.
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Pitches.
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international diversity.
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Mobile phone business in Africa will continue to boom. Landlines are terrible and expensive to get. Every Tom Dick and Harry wants a cell phone, not just for its usefullness but as a fashion statement. Call it the Louis Vuitton of Africa. MTN is dominating the mobile phone market, it is investing in internet technologies too. The only way up is up for MTN. Even the sky does not limit it.
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I have lived in Nigeria and used MTN. The service is good but expensive. They had the first mover afvantage in Nigeria and literally rob the public by charging more than a quarter a min which is a lot in Nigeria. So i think this company can make money for us. I do not think it will get acquired by China Mobil because it is a huge company on its own and its service is parallel if not better than any US telecom.
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Found this stock via CAPS. This is a cell phone company based in South Africa, their phone service dominates an entire continent (mostly South Africa and Nigeria, where the money is). They have 40 million subscribers. Forbes recently put them in a list of top 10 African stocks. http://www.forbes.com/2007/10/19/africa-nigeria-cairo-pf-ii-in_po_1018emergingmarkets_inl_slide_2.html?thisSpeed=20000
Another American Movil? Currently valued at $36 billion, so don't let their pink sheets status fool ya.
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Look for China Mobile to gobble these guys up. If not, you still have a great long term growth play.
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Emerging market wireless player. Rising tide of adoption.
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Holding this for the long term. It is up about 22% since mid January 07. Information on stock not easy to find.
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south africa!
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Great cell phone play in several African markets. Healthy balance sheet, endless growth potential, strong operating cash flow.

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