Share price drop hands BTCL sour birthday gift

Seeking value: Masunga says BTCL is focussed on growth
Seeking value: Masunga says BTCL is focussed on growth

The Botswana Telecommunications Corporation Limited’s (BTCL) share price dropped to an all-time low on Monday, souring the group’s 40th anniversary celebrations for shareholders.

The telecomm group’s shares dropped from a previous record low of 69 thebe to 68 thebe on Monday, hours after executives had marked the anniversary celebrations with a bell-ringing ceremony at the Botswana Stock Exchange (BSE). On Tuesday, BTCL sank further to the fresh record of 65 thebe,.

This week’s slide fall was the continuation of weakness seen in BTCL’s share price since it listed. Thus far this year, BTCL is the BSE’s worst performing local counter, having shed nearly 32% in value since January. Since listing at P1.15 in 2016, BTCL has only performed above that listing price between mid-2016 and mid-2018, losing value throughout the rest of the period.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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