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
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

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