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Singtel Bullish???
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Starship
Supreme |
30-Aug-2021 20:46
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Bharti Airtel' s fund raise to fortify competitive position, give ammo for 5G: Analysts AUGUST 30, 2021 / 03:21 PM IST Bharti Airtel' s fund raising is expected to strengthen its competitive positioning in the market and provide the telco with the necessary ammunition for aggressive 5G rollout, analysts said. The capital raising announcement, though unexpected and surprising, would enable Airtel to enhance its market share and provides it wherewithal to make faster investment in a scenario India moves to a two-player market earlier than expected, some analysts felt. Bharti Airtel' s board on Sunday approved raising up to Rs 21,000 crore by way of rights issue at a price of Rs 535 per share. The rights entitlement ratio entails one equity share for every 14 equity shares held by eligible shareholders as on the record date (to be notified later). The promoter and promoter group of the company would collectively subscribe to the full extent of their aggregate rights entitlement. The company has informed that they will also subscribe to any unsubscribed shares in the issue. Promoter holding in the company stands at about 55.8 per cent, while public holds 44.09 per cent. Reliance Jio' s stronger balance sheet, impending 5G spectrum auction and related capex may have prompted Airtel to raise funds and is seen " positively" , Edelweiss said. The fund raise by Airtel although " was not necessary" at this juncture, but it does provide Bharti with the necessary ammunition in case of aggressive 5G rollout, the report mentioned. " Despite 3x net-debt to EBITDA, Bharti' s balance sheet was well funded, considering rising EBITDA due to market share gains and FCF (free Cash flow) generation. Reliance Jio' s (RJio' s) stronger balance sheet, impending 5G spectrum auction and related capex may have prompted Bharti to raise funds and we see it positively," Edelweiss said in its report. While the capital increase announcement was a " surprise" , it strengthens the company' s balance sheet and provides good buffer to make accelerated investment in a scenario India transitions to a two-player market, Credit Suisse said in its note on Monday. Further, the commitment from promoters can be seen positively for Bharti Airtel stock, it said. " We think, Airtel is well placed in either of the scenarios: a two private operators sector, or three private operators post industry repair," Credit Suisse added. BofA Securities believes that Bharti management also subscribing to unsubscribed portion sends " a strong signal" . The increased cash would help Bharti to further increase its market share as it would be able to invest in its network/branding and distribution, BofA Securities report said, adding, Airtel should also be able to fortify its 5G spectrum in the upcoming auction. UBS, in its report said, it is of the view that Airtel' s rights issue is mainly aimed at shoring up the balance sheet for 5G investments, including spectrum auction, which is likely within FY2022. " A strong balance sheet would also position the company well to benefit from a potential VIL bankruptcy, which could lead to an influx of > 100 million customers and create need for additional spectrum and capex," UBS report pointed out. Airtel' s rights issue " bodes well" as it allays concerns around promoters' intent, Jefferies said in its note." Bharti' s rights issue announcement along with promoters' participation allays concerns around capital raising, but is a reminder that FCF generation in the standalone business is weak and requires tariff hikes/market share gains to improve," the report added. https://www.moneycontrol.com/news/business/airtels-fund-raise-plans-give-power-to-go-extra-mile-tap-large-opportunities-sunil-mittal-7407611.html |
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WiseInvestor
Elite |
30-Aug-2021 20:40
Yells: "Forex Biz Opportunity for traders!" |
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Yes, this is closing 5% up. That' s what Mr Market reacted today. As i have read, proceed from share right issue is for investment in 5G and repayment to DOT.
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Starship
Supreme |
30-Aug-2021 20:37
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Sunil Mittal says Bharti Airtel will not shy away from raising prices 30 Aug 2021, 03:41 PM IST Bharti Airtel founder-chairman Sunil Mittal on Monday said that the company will not shy away from raising prices, a day after the telco announced its plans to raise up to ₹ 21,000 crore via a sale of shares to existing shareholders as it builds a war chest to prepare for the launch of 5G services. During the investor call, Mittal also added that the company' s debt is at an ' extraordinary' level. Leverage is bothering investors and the company, he added. He also expects levies and loads on the telecom industry to be brought down. The telecom major' s stock on BSE rose over 5% at ₹ 625 apiece at the closing time owing to the chairman' s announcements. To be sure, the Bharti group has already paid ₹ 18,004 crore in AGR-related dues to DoT by March 31, 2021 which is much more than 10% of its total AGR dues of over ₹ 43,000 crore. Earlier this month, the Supreme Court had directed DoT not to invoke the bank guarantees (BGs) of Bharti Airtel for three weeks for recovering ₹ 1,376 crore in AGR-related dues of Videocon Telecom Ltd (VTL), which had sold its spectrum to the Bharti group. The top court, which refused to entertain Airtel' s plea that VTL dues are not payable by it, permitted the telecom major to approach the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) with the grievances. Mittal said the industry has been urging the government to address some pressing issues " inhibiting" continued investments in the sector and added that the taxes on the industry remain high. " For every ₹ 100 of revenue, ₹ 35 go in various forms of levies. We hope that as we step up and do our part, the government will also favourably look at some of the genuine demands of the industry, enabling a multiplier effect and positive outcome," Mittal said in an investor call on the company' s fundraising plans. Airtel " has the opportunity to be the tip of the spear for the new digital economy and take India into the next phase of growth" , he added. The investments would be channelised in areas like 5G, fibre, and data centre business, he said. The capital raise will give the company the " fuel to grow" and " go extra mile" to leverage opportunities that are " around the corner" , he said. " This capital will help improve the leverage position for the company and simultaneously provide the fuel to accelerate investments across several parts of our portfolio to drive for competitive and profitable growth," Mittal said. The telecom czar further estimated that the industry' s ARPUs (Average Revenue Per User) would reach ₹ 200 per user per month by the end of the current financial year and eventually move to ₹ 300. Further today, in terms of 5G connectivity status in India, Mittal feels 5G will become a reality in H2 next year. Mittal said, " We hope that the spectrum pricing auction will be made attractive." Telecom operator Bharti Airtel' s board on Sunday approved raising up to ₹ 21,000 crore by way of rights issue, at a price of ₹ 535 per share, according to a regulatory filing. However, Mittal added that the telco will not use rights issue fund to increase stake in Indus Towers. He also said that any delay in fundraising could have been detrimental for the company. The mega fundraising is bound to give more firepower to Airtel, as the company takes on rivals in the fiercely-competitive Indian telecom market. Airtel' s board, which met to consider the company' s capital raising plans, cleared the rights issue price of ₹ 535 per fully paid-up equity share, including premium of ₹ 530 per equity share. In a BSE filing, Airtel said that the " ...board approved the issuance of equity shares of face value of ₹ 5 each of the company on rights basis to eligible equity shareholders of the company as on the record date (to be notified later), of an issue size of up to ₹ 21,000 crore" . A rights issue is an offer to existing shareholders to buy additional new shares in the company. https://www.livemint.com/industry/telecom/sunil-mittal-says-bharti-airtel-will-not-shy-away-from-raising-prices-11630315457702.html |
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Entropy72
Master |
30-Aug-2021 20:32
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Airtel up 4% after rights announcement.
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WiseInvestor
Elite |
30-Aug-2021 18:39
Yells: "Forex Biz Opportunity for traders!" |
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Right, i think you are smart! It is not a big deal.
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Starship
Supreme |
30-Aug-2021 14:37
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Yes, smart listed companies issues new Shares and new Rights when their share prices hit insane levels. This is also what US and China tech companies do as well ---- can get more money from issuing less shares ---- kill 2 birds with one stone !!!! Only clown stocks in SG issue more shares and more Rights when their share price are crashing to hellgate !!!!! ---- wonder which are these clown stocks ........   
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Entropy72
Master |
30-Aug-2021 13:12
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Indian Telecom: At Crossroads, Fork, Or Dead-End?
Read more at: https://www.bloombergquint.com/business/vodafone-idea-reliance-jio-bharti-airtel-indian-telecom-at-a-crossroads-fork-or-dead-end
Copyright © BloombergQuint |
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go_long
Senior |
30-Aug-2021 11:59
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Why so negative? Bharti Airtel share price has been hitting new high. Just follow the facts, see if ARPU keep going up, subscribers/users keep going up, ...... https://telecomtalk.info/bharti-airtel-might-be-looking-to-increase/462617/
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pasttime
Supreme |
30-Aug-2021 11:38
Yells: "gold silver are real money. not others iou." |
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will not be the last. it is a deep hole cannot see the bottom. singtel will be much better off to unload from this investment. all the talk about big market etc, true. a business that is in heavy investment phase of 5g and keep asking money. better to dump
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go_long
Senior |
30-Aug-2021 11:18
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Could be a very strategic move. Increase capacity getting ready for Vodafone Idea users to switch over.
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vivacious
Supreme |
30-Aug-2021 10:00
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this week
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Potato
Master |
30-Aug-2021 09:45
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Good morning~~ raining days. $2.35 seems ok to buy leh... wonder when it will break $2.40 | ||||
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Inferno
Senior |
30-Aug-2021 08:48
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Good one.. Starship bro plenty of lobangs
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halleluyah
Supreme |
30-Aug-2021 08:45
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BHARTI RIGHTS ISSUE....1 FR 14 SHARES.....INDIA DAMN BLOOD SUCKING.... | ||||
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Hieguy
Senior |
29-Aug-2021 15:35
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Airtel may soon get ' several thousands of crores' investment from Google https://www.google.com.sg/amp/s/wap.business-standard.com/article-amp/companies/google-may-invest-several-thousands-of-crores-into-airtel-121082800390_1.html |
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Starship
Supreme |
27-Aug-2021 23:37
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26 Aug 2021 DBS Group Research BUY Last Traded Price (26 Aug 2021): S$2.38 Price Target 12-mth: S$3.13 (32% upside) (Prev S$3.01) &bull GlobalData projects Australia, India, Singapore, and the Philippines amongst highest growth mobile markets in Asia over 2020-25 &bull Singapore & Australia recovery should be critical for the stock price. Raise FY22F/23F earnings by 3%/2% &bull Maintain BUY with higher TP of S$3.13 to reflect (i) improving core business (ii) higher market value of Globe Telecom for its fintech business. Ride for recovery @36% HoldCo discount Investment Thesis Trading at 36% holding company (HoldCo) discount based on market cap of its associates. The HoldCo discount has expanded to 36% (vs a 21% average over the last 7 years) due to a sharp decline in the core business in Singapore and Australia in FY21. We expect the HoldCo discount to narrow to 10-15% due to a sustained multi-year improvement in the core business from FY22F onwards. Potential catalysts: Earnings recovery after four years of decline and asset-divestments. Earnings to benefit from (i) improving core earnings before interest, taxes, depreciation, and amortisation (EBITDA) in FY22F after a 16% decline in FY21 and (ii) c.S$300m rise in post-tax earnings from Bharti. Another key catalyst would be a partial divestment of Optus towers to unlock value. We project 8.8Scts/9.5 Scts dividend per share in FY22/23F based on a 70% payout ratio. Net debt-to-adj. EBITDA (core EBITDA + associate dividends) is likely to fall below 2.0x in FY23F from 2.3x in FY21, easing pressure on its credit rating. |
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WiseInvestor
Elite |
26-Aug-2021 20:09
Yells: "Forex Biz Opportunity for traders!" |
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As of opening 23 August 2021
Down weekly from about 90M Short Position (Shares) |
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Starship
Supreme |
26-Aug-2021 14:52
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Starship
Supreme |
26-Aug-2021 14:50
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Zerocool888
Master |
26-Aug-2021 14:38
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Of course bo ho seh lar. That is why now you know how credible his/her source are. Another keyboard warrior replying for the sake of replying. This one see doctor also no use as this kind no cure one.
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