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.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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