Advertisement

BTCL shares fall below IPO price

BTCL share price closed yesterday's trading at 96thebe from a peak of P1.35 three months ago
BTCL share price closed yesterday's trading at 96thebe from a peak of P1.35 three months ago

Shares in the Botswana Telecommunications Corporation Limited (BTCL) ended yesterday’s trading at 96 thebe per share, dragging the stock southwards of the Initial Public Offer (IPO) price of P1 at the listing on Botswana Stock Exchange (BSE) four months ago.

Also, this means shareholders who bought the shares during the IPO will not be able to recoup their investment in full if they decide to sell the stock today.

After peaking at P1.35 per share soon after listing, BTCL has progressively softened in the past months with sellers outweighing buyers.

Advertisement
Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

Have a Story? Send Us a tip
arrow up