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
Has life become worthless?

As many wondered what wrong the young boy could have done to end up killed, it emerged that his own cousin was a suspect in the murder after he claimed P50,000 from Botswana Life. Thato Tsametse, who was last week sentenced to death for the murder of his cousin, had reportedly taken out two Mmoloki Funeral Covers valued at P25,000 each.Over the years, the media has been covering the murder case, and some revelation has come up that certain...

Have a Story? Send Us a tip
arrow up