How to Invest in the MTN Ghana IPO

In case you haven’t heard, MTN Ghana has just launched the biggest IPO in the history of the Ghana Stock Exchange. Here’s how to get in on it.

In case you haven’t heard, MTN Ghana has just launched the biggest IPO in the history of the Ghana Stock Exchange, offering investors GHS3.5 billion (roughly $740 million) worth of shares.

The stock looks like a pretty good deal to me.

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Are GOIL Shares Running Out of Gas?

The past year has been a great time for Ghana Oil (GOIL) shareholders. The stock has roared 260% higher over the past twelve months, but high valuation multiples should give investors pause.

The past year has been a very good time to own Ghana Oil (GOIL) shares.

The stock has roared 260% higher over the past twelve months, propelled by high-octane earnings growth and a cheery outlook for the Ghanaian economy.

Today, the shares change hands at a price of GHS4.05 per stub, which gives the stock a price-t0-earnings ratio of 24.3. That’s a lofty level, and as I will argue below, I think it’s an indication that shareholders should begin looking for an exit ramp.

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Camelot Ghana: A Princely Business Priced at a Pittance

When you think about growth industries, printing and publishing is unlikely the first to come to mind. But there’s a little business headquartered in Accra, Ghana that’s proving that print remains home to plenty of profitable niches.

When you think about growth industries, printing and publishing is unlikely the first to come to mind.

But there’s a little business headquartered in Accra, Ghana that’s proving that print remains home to plenty of profitable niches.

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Fan Milk Ghana: Buy, Sell, or Hold?

It’s a pity Ghana isn’t home to more dairy cows. If it were, Fan Milk would likely be a substantially more profitable company.

It’s a pity Ghana isn’t home to more dairy cows.

If it was, Fan Milk would likely have made its investors even wealthier than it already has. Shares of the ice cream manufacturer have more than quadrupled in value over the past five years.

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Is Guinness Ghana’s Glass Half Full or Half Empty?

Six months after posting its first annual profit since 2013, Guinness Ghana fell back into the red in the first half of its 2018 fiscal year. But a closer inspection of the numbers reveals some encouraging trends.

Six months after posting its first annual profit since 2013, Guinness Ghana fell back into the red in the first half of its 2018 fiscal year.

Soaring utility prices, heavy investment in marketing, and a weakening cedi slashed the brewer’s operating profit by 72%. And interest charges more than wiped out the remainder, resulting in a GHS4.6 million loss for the period.

But a closer inspection of the numbers reveals some encouraging trends.

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