Mmegi

BTC reaches seven-year high on BSE

Confident: Peschel sees support for the share price getting stronger
Confident: Peschel sees support for the share price getting stronger

The share price of the Botswana Telecommunications Corporation (BTC) rose to a seven-year high this week, driven by robust financial results and increasing investor confidence in the strategies being implemented to boost the business.

BTC, with more than 40,000 individual investors, is the Botswana Stock Exchange’s most retail-heavy counter, a state of affairs that dates back to its historic Initial Public Offer (IPO) in 2016. However, the concentration of retail investors and their tendency for impulse trading behaviour, combined with the fact that BTC shares are restricted to citizens, has affected share price growth over the years.

BTC shares traded below the listing price of P1 from roughly December 2019 to January 2024, dipping to a record low of 60 thebe in November 2020.

Editor's Comment
WUC must fix its pipes, not just say sorry

“Clean water, the essence of life and a birthright for everyone, must become available to all people now.”– Michel CousteauWe see notices for Block 6, Extension 11, Gaborone, Francistown; the list grows every week. It is good that WUC warns consumers, but so many warnings point to a deep problem. Water pipes are old and falling apart. And the people who pay the bills are the ones suffering.When a main pipe bursts, taps run dry. Families in...

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