Analyst issues �strong buy� recommendation for BTCL
Friday, January 15, 2016
The BTCL IPO launch on December 21 PIC: KAGISO ONKATSWITSE
According to a research note issued yesterday, Motswedi Securities analysts estimate that the current offer price of P1 represents an 80 percent discount on the upside potential of the shares.
“We strongly recommend investors to buy the stock during the IPO and also subsequent to listing as BTCL provides significant growth potential to investors,” the researchers said.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...