Analyst issues �strong buy� recommendation for BTCL

Friday, January 15, 2016

The BTCL IPO launch on December 21 PIC: KAGISO ONKATSWITSE

Motswedi Securities has issued a ‘strong buy’ recommendation for the Botswana Telecommunications Corporation Limited (BTCL) public offer of 462 million shares, estimating an 80 percent discount value.

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.

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