Thread by @AyoBankole

I’ve gotten lots of DMs from friends & followers about my thoughts on MTN’s new shares listing and what it means for a novice investor. Follow this thread closely on what the MTN offering is about in layman’s language to help you decide if buying is a good choice for you. Thread

When people reach out to me this way, it dawns on me the responsibility some of us have to constantly share knowledge that can help others build wealth.
 
Why should anyone buy this shares or should you buy?
What's the implication for your money?

Everyone has probably told you now that investing in high performing stocks is probably one of the surest ways to build long term wealth –There is a popular multinational FMCG whose stock remains consistently over 1,000 per share and was just a few hundreds of naira years ago

MTN is undeniably Nigeria’s best performing telecoms company Let’s look at the facts:

1. The market fit and brand love: It is safe to say that 1 in every 3 Nigerians use MTN, consume airtime and data every day and MTN is arguably Nigeria’s most indispensable telecoms company.

2. MTN has warmed itself to the heart of Nigerians by building a formidable coverage & the most reliable network strength in over 200 towns & cities, in all 36 States of Nigeria. They are here to stay. In 2020 alone there was an increase of over 9 million MTN users in Nigeria.

3. Revenue growth: revenue has grown over the years especially Q1 2021. MTN hit N790bn, an increase of 24.1% from last year’s N638bn in just half of the year.
4. Dividend per share in 2021 is N212.7bn making MTN one of the two highest dividend payers in Nigeria with a 23% boost.

So why is MTN doing this? Because MTN is transforming its ownership structure & wants to have the largest retail shareholder base of any company in Nigeria. This is what MTN aims to achieve by opening up its shares to ordinary Nigerians, an opportunity to own stake in the company

If you are looking to build wealth – irrespective of your income class, buying into this offering is a major opportunity for you. And its been made easy in an unprecedented way. By buying it yourself online.

Finally but more importantly, you can now stop seeing that chunk of cash you spend on airtime and data as an investment in a company that you are a part owner in, rather than seeing it as another expense consumed. This is a major shift in how you view money spent.

So, how can you buy the shares?
Visit their website here mtnonline.com/PO/ and follow the steps to purchase the shares at 169 naira per unit. The minimum subscription is for 20 shares and lots of 20 shares thereafter.

The Offer includes an incentive in the form of 1 free share for every 20 shares purchased, subject to a maximum of 250 free shares per investor. This Offer opened on Wed, 1 Dec 2021 & closes on Tues, 14 Dec 2021. Tag a friend to see this thread, they will thank you!