{"id":152523,"date":"2016-01-21T14:00:31","date_gmt":"2016-01-21T12:00:31","guid":{"rendered":"http:\/\/mybroadband.co.za\/news\/?p=152523"},"modified":"2016-01-21T14:01:54","modified_gmt":"2016-01-21T12:01:54","slug":"how-much-value-mtn-has-really-lost","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/cellular\/152523-how-much-value-mtn-has-really-lost.html","title":{"rendered":"How much value MTN has really lost"},"content":{"rendered":"

A massive fine in Nigeria and tougher operating conditions saw MTN\u2019s share price plummet from R246.02 on 28 April 2015 to R117.70 on 20 January 2016.<\/p>\n

This resulted in MTN\u2019s market cap declining from R454 billion in April 2015 to its\u00a0current R217 billion.<\/p>\n

However, this only reveals\u00a0part of the value loss. When measured against the US dollar, and most other major currencies, the situation looks far worse.<\/p>\n

On 28 April 2015, the rand traded at R11.86\/USD. Since then, the local currency weakened to R16.80\/USD – which hurt MTN\u2019s value in dollars.<\/p>\n

Looking at MTN\u2019s market cap in US dollars shows\u00a0that the company\u2019s value declined from $38 billion in April 2015 to $13 billion in January 2016.<\/p>\n

This means that, in dollar terms, MTN has lost nearly two-thirds of its value over the last nine months.<\/p>\n

\"MTN<\/p>\n

The double whammy which hit MTN<\/h3>\n

The graphs below show the decline of MTN\u2019s share price and the weakening of the rand, respectively, over the last 12 months.<\/p>\n

\"MTN<\/p>\n

\"ZAR<\/p>\n

More on MTN<\/h3>\n

MTN in Nigerian stand-off over R60.6-billion fine: report<\/a><\/strong><\/p>\n

The real reason for Nigeria\u2019s massive R59-billion fine on MTN<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Over the last nine months, MTN\u2019s share price has halved – but the company has lost far more than 50% when looking at its value in a major currency.<\/p>\n","protected":false},"author":23,"featured_media":144495,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,14],"tags":[35,42,11339],"class_list":["post-152523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-cellular","tag-headline","tag-mtn","tag-mtn-nigeria"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/152523"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=152523"}],"version-history":[{"count":2,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/152523\/revisions"}],"predecessor-version":[{"id":152609,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/152523\/revisions\/152609"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/144495"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=152523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=152523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=152523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}