MTN Zakhele trades around R85/share on first day

The MTN Zakhele shares hovered around the R85 per share mark for most parts of their first trading day on an over the counter platform (OTC).

Reaching a high of R90 and a low R80 on the day, the share price levels did not spring any surprises as this was a generally expected trading range. The shares closed the day at R81.

MTN Zakhele is estimated to boast NAV per share of between R120 and R150. The share price reflects a discount which could be partly attributed to the limited liquidity of the MTN Zakhele trading.

According to the data feed on mtnz.co.za, taken after the market closed, the first trading day saw only 434 trades. There were 96676 shares traded adding to a total value of R8.4 million.

The first day’s trading sessions left MTN Zakhele with total market capitalisation of R6.4bn.

There were apparent teething problems on the MTN Zakhele trading platform as reflected in comments from readers in ujuh.co.za. A considerable number of readers expressed frustration about not being able to access the trading platform. Certainly, when we tried the online platform around lunch time it was down. When we tried an hour later it had come back up.

However complains from readers kept coming for the whole day suggesting the platform may have been overloaded.

MTN Zakhele trading was launched after the BBBEE scheme of telecoms giant MTN Group passed the three year lock in period. Trading of the shares within black people will continue for the next three years.

The scheme was established in November of 2010 with a six years lock in period. It attracted about 120000 investors who came in at R20 per MTN Zakhele shares. This means those who sold their shares at R81 yesterday realised a 300% return on their investment.

MTN Zakhele shares are partly tracking the underlying asset being the JSE listed MTN Group. Their market value is derived from MTN Group’s share price movement, MTN Zakhele NAV and most importantly liquidity of the MTN Zakhele share price.

Coincidentally MTN Group’s share price was excited yesterday and registered a gain of 2.48% or 480c on the day to close at R198.46 per share. It is important to note that MTN Group share price is influenced by radically different dynamics to those influencing MTN Zakhele shares.

news@ujuh.co.za

  • I want to to invest with mtn

  • Same here…VERY FRUSTRATED…the website was down for most of the day. And today 26/11 the website indicates that TRADING is CLOSED…so what now?

  • the call center is NOT working eithe….NO messages NOTHING..frustration

    1. I think it would have been useful and convincing for some shareholders to be accorded an opportunity to visit offices during trading time, because your system is not user friendly. Please improve.

  • This is the second day of trading and the website still can’t cope.

    This should have been a fantastic way of teaching mostly new investors how share trading works. Sadly, most people will only remember the frustration

    Why couldn’t Link Market Services use the same software engine that they used for Phuthuma Nathi? That website and engine, because of it’s simplicity, is stable and does what it needs to do.

  • plz hire more people in ur call center,to be able to assist us in time.b’cauz it’s not niz to stay on the line for long hours.truely ! But it is niz to b part o mtnz shareholder………..

  • I have changed my bank account through the correct procedure on the 18/11 and emailed them but so far
    nothing has happened and the call centre is always busy I can’t go through

    Please do something about that so that I can be able to register and trade

    IMPROVE YOUR SERVICE!!!!

  • I’ve been trying to call for hours now its 10H47 pm no answer.The web is also not working,please I need to know how these shares thing working I bought shares but no one is communicating with me.I see I must register but how phones are not answered the web is off.

  • Do we pay cgt on current price less R20?

  • Its very frustration with this MTN shares, I’ve been trying to log in since monday and try to call but the phone is always off line and the system keep on telling me to get this number OTP so tht I can change my password. Please provide with different numbers so tht people can go through to call centre easily.

  • been trying to register from last week via the call centre even today still have’nt been register

  • and we have been calling the call centre and they dont answer then we went to market link and they tell us they cant help i mean my mm is old enough to never understands those big english words geezzzzzzzzz its fustrates muun where is gcabashe now

  • when one must deposit money in trading account after registration

  • Queeneth Mtonintshi

    I have been trying to register amd trade my shares and I also changed my banking details and even when I call the call centre there is no reply I am frustrated because i dont know what to do now. Can you please advise

  • Nokuthula Hope Mnisi

    I have been trying to change my banking details for about three months now, i have faxed the forms several times , always calling link market and sending emails, please improve your service and do your jobs properly especially the people from link market services, for more information please refer to Jean Knights, Bulelwa, Princess and Victoria. You can ask them to trace my documents and change my banking details, my contact no. is …. Jean has all my emails, info, fax number and everything please motivate your staff to help me with matter i have wasted a lot of airtime, effort and time trying to fix this since last year.
    Please assist.

  • I AM VERY MUCH HAPPY THE WAY MTN ZAKHELE IS DONE AND I SAY KEEP IT UP THE YOU BECAUSE BEFORE SO STRAGGLING GETTING THE CALL BUT NOW I CAN MAKE IT NOW BUY AND SELL THE SHARES ITS GOOD TO GOOD SO APPRECIATE .I SELL THE SHARES LAST WEEK AND THIS WEEK THANK VERY MUCH

  • Katlego Kealeboga Thubisi

    I have a question. What influences these MTN shares? I want to know because I dont know whether to wait for a increase or sell my shares now. I cannot do this without knowing what influences the share price. Please assist?

  • PERCIVAL JEGELS ID NO 7810175088082

    I HAVE BOUGHT SHARES IN 2010 OCTOBER I WOULD LIKE TO FIND WHAT THE SHARES ARE WORTH NOW.

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