Letshego's BSE run slows, but analysts see 156% upside

Friday, May 15, 2020

New broom: New Letshego group CEO, Andrew Okai

Researchers at Stockbrokers Botswana believe Letshego Holdings’ shares have the potential to reach up to P2.10, about 156% higher than the level at which the counter closed at on Friday.

Letshego, a homegrown microlender with branches in 11 African countries and a loan book of P9 billion, has taken its investors on a rollercoaster in recent months.

The 21-year-old group’s share price fell by 56% last year, the worst performer on the Botswana Stock Exchange’s (BSE) Domestic and Foreign platforms in 2019.

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Letshego's BSE run slows, but analysts see 156% upside

Researchers at Stockbrokers Botswana believe Letshego Holdings’ shares have the potential to reach up to P2.10, about 156% higher than the level at which the counter closed at on Friday.

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Inspect the voters' roll!