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
Mabogo dinku a thebana

According to both the acting director of Veterinary Services, Kobedi Segale and acting Lands and Agriculture minister, Edwin Dikoloti, the virus currently raging through the North-East mostly likely first entered the country during the festive season.From the “unprecedented” number of cases picked in testing last week, it is likely that cattle and other livestock could have been infected last year, without being reported.Animal health...

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