mmegi

Letshego mulls share buyback to shore up value

Brand power: Letshego is one of the country’s most recognisable brands PIC: PHATSIMO KAPENG
Brand power: Letshego is one of the country’s most recognisable brands PIC: PHATSIMO KAPENG

Letshego Holdings’ investors have given the group authority to purchase up to 10% of shares back from them, in a move expected to strengthen the value of a stock that has been under pressure for several years.

For a long time the star performer on the Botswana Stock Exchange’s Domestic Companies Index, Letshego’s share price dropped 10% last year and on July 4, sank to 98 thebe, its lowest level in two years.

Thus far this year, the pan-African microlender has shed 6.4 percent, with steep losses between January and June, before a strong rally from July that by Wednesday had lifted the counter to P1.17.


Editor's Comment
Let’s fight GBV as a collective

Botswana for the longest time was known for her virulent peace with family being an enviable institution.As the media, we are also scared to be incessantly reporting on these bloody scenes where women are brutally murdered and worse, sometimes in front of their children and loved ones. Yes, we have reported cases where men were also brutally murdered by their loved ones, but such cases are a drop in the ocean.For the past two weeks, Botswana was...

Have a Story? Send Us a tip
arrow up