Mtn Group (JSE: MTN)

@marvsgray16 nice one, welcome. Are you planning to hold it long term or just see how it goes?

Added MTN to my portfolio

@newbie_naledi nothing's broken, just rand falling and SA subs flat. Same company as last year, different price.

is the dividend still happening even with subscriber numbers flat, or does that get cut?

Good Morning Everyone. A dividend is when the company says right, we've made profit this year, let's hand some of it to the people who own shares. MTN paid 26.50 cents per share last time, so if you owned 1000 shares you'd get R265 just sitting there.

Good morning everyone. MTN's subscriber numbers actually grew in their last update, but the rand weakness is eating into what they earn in other African countries when they convert it back to South African currency. Hard to get excited when your profits get smaller just from exchange rates moving.

sorry if this is obvious, but why has MTN dropped so much lately, is something wrong with the company?

MTN's subscriber numbers in South Africa flat to down, and that's the thing that worries me more than the rand weakness. If people aren't adding new customers, where's the growth coming from.

@fees_first_dan ja, so if there's no rush then just leave it sitting, makes sense.

@sipho_satrix_saver depends what you need money for. If you're saving for something in five years, sell then. If not, holding works.

@sipho_satrix_saver depends what you need the money for. If you need R5000 in two years, sell then. If not, holding MTN since the nineties worked fine for me.

@sipho_satrix_saver I sell chunks when I hit a target price, like when it hit 200, then buy back on dips. Depends what you need the money for tbh.

Do you ever sell MTN or just hold it forever long term I hope

@mpho_teaches what's moving it down, load-shedding impact or just market mood today?

R182.39 now, bit of a dip today

is the price dropping because of load-shedding or something else?

184.12 now, down a bit today.

184.12 now, bit of red but holding.

sorry if this is obvious but why is MTN down today, is it just market stuff or something about the company

I get that Braai makes a fair point on the rand and load-shedding hurting them, but millions of people across Africa are still paying MTN every single month for their phone and data, that's not going away. At 188 I'm not screaming buy but I'm holding what I've got.