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.
The A1 highway, stretching from Ramatlabama to Ramokgwebana, is the backbone of Botswana's transport network. It carries passenger buses, private vehicles, haulage trucks and cross-border commercial traffic linking Botswana with other SADC countries. Yet, despite its strategic importance, the road remains narrow, congested and increasingly dangerous.Successive governments have acknowledged the need to upgrade the A1 into a dual carriageway....