ABCH leads pack on BSE

Pan African focused bank, ABCH, was the largest mover on the Botswana Stock Exchange (BSE) in the second quarter of the year gaining 39 percent.

This was on the back of a very invigorating buy-out offer to the company by Atlas Mara. This led to the price escalating to its all time high of 720 thebe since its listing. ABCH, which has been having huge impairments on its loan book, remained attractive trading at a price to earnings of 9x significantly lower than the other banks. The retail bank saw its profit after tax surge by 29 percent year on year for their financial results for the year ended December 31,2013 while the loan book for the group firmed by 15 percent year on year to about P10.6 billion.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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