EMERG­ING MAR­KET MO­BILE PLAY

Finweek English Edition - - Companies & markets - BELINDA AN­DER­SON

HAV­ING JUST CLOSED OUT its full-year pe­riod, re­cent AltX list­ing Africa Cel­lu­lar Tow­ers (Ac­tow­ers) will soon up­date the mar­ket on its sec­ond-half trad­ing per­for­mance. It listed on 29 Novem­ber last year and fore­cast in its prospec­tus it would achieve rev­enue of R157,2m and head­line earn­ings per share of 13c in the full year to Fe­bru­ary.

It man­u­fac­tures steel com­mu­ni­ca­tion tow­ers and tower parts for mo­bile op­er­a­tors, hav­ing com­pleted more than 3 000 so far through­out African coun­tries, from Su­dan to SA. It has a man­u­fac­tur­ing fa­cil­ity in Al­ber­ton, south of Jo­han­nes­burg, and listed to raise cap­i­tal to buy com­pa­nies in its sup­ply chain plus raise its profile and broaden its share­holder base. A black eco­nomic em­pow­er­ment deal is also a pos­si­bil­ity.

Ac­tow­ers is al­ready trad­ing un­der a cau­tion­ary re­gard­ing a pos­si­ble R40m pur­chase of a com­pany called JK Shel­ters. OP­POR­TU­NI­TIES To add other coun­tries to its base: it op­er­ates in 24 out of a po­ten­tial 53 coun­tries in Africa and also has its sights on the Mid­dle East and In­dia. To im­prove mar­gins by buy­ing com­pa­nies in its sup­ply chain. RISKS Its reliance on one ma­jor cus­tomer – Cel­tel In­ter­na­tional. But it’s seek­ing to di­ver­sify its cus­tomer base.

AFRICA CEL­LU­LAR TOW­ERS

Source: I-Net Bridge

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