IHS Holding: Strong Despite Declining Naira [Seeking Alpha]
IHS Holding Limited (IHS)
US:NYSE Investor Relations:
investor.ihsmarkit.com
Company Research
Source: Seeking Alpha
9min Summary IHS Holding remains a buy due to its advantageous competitive advantages stemming from unique locations and wide economies of scale. Nigeria's high inflation, unemployment, and infrastructure gaps are significant headwinds, though a slight GDP improvement offers some optimism. Q2 2024 saw a 20.3% YoY revenue decrease and an 11.9% YoY adjusted EBITDA decline, mainly due to a 64% devaluation of the Nigerian naira. Shares are a buy with a revised price target of $5. bjdlzx Thesis Recap I first wrote a buy thesis on IHS Holding ( NYSE: IHS ) in April 2024, claiming that the business itself was surrounded by arguably wide moats and was underpriced due to the poor economic environment in Nigeria. Since then, the stock has declined more than 10%, suggesting that the market has so far not agreed with my thesis. Nonetheless, I still believe in the long-term potential of the business and revised my price target down to $5, to account for the poor economic situation
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IHS
News
- IHS Holding Limited (NYSE:IHS) stock most popular amongst retail investors who own 45%, while public companies hold 26% [Yahoo! Finance]Yahoo! Finance
- IHS Towers Completes Sale of Kuwait Operations to Zain GroupBusiness Wire
- IHS to Sell 70% Stake in Kuwait to Reduce Debt: Stock to Gain? [Yahoo! Finance]Yahoo! Finance
- IHS Towers Signs Agreement to Sell Kuwait Operations to Zain GroupBusiness Wire
- IHS Holding Limited Announces Successful Pricing of Dual Tranche Senior Notes TransactionBusiness Wire
IHS
Earnings
- 11/12/24 - Miss
IHS
Sec Filings
- 12/2/24 - Form 6-K
- 11/26/24 - Form 6-K
- 11/15/24 - Form 6-K
- IHS's page on the SEC website