Thursday, June 30, 2022
  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Login
  • Register
  • Home
  • News
  • Economy
  • Columns
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports

    BNSC finally disburses Grants to NSAs

    P3m needed for sports awards

    The Mares receive P4.1m from BNSC for Women’s AFCON

    Metropolitan injects P152K into Chess Tourney

    FIDE seconds Trainer to BCF

    Makwala focused on making money this season

    Makwala focused on making money this season

    Athletes urged to desist from doping

    Athletes urged to desist from doping

    P3m needed for sports awards

    BNSC explains delayed Grants to NSAs

    Trending Tags

    No Result
    View All Result
    • Home
    • News
    • Economy
    • Columns
    • Companies & Markets
    • In Business With
    • Lifestyle
      • Motoring
    • Sports

      BNSC finally disburses Grants to NSAs

      P3m needed for sports awards

      The Mares receive P4.1m from BNSC for Women’s AFCON

      Metropolitan injects P152K into Chess Tourney

      FIDE seconds Trainer to BCF

      Makwala focused on making money this season

      Makwala focused on making money this season

      Athletes urged to desist from doping

      Athletes urged to desist from doping

      P3m needed for sports awards

      BNSC explains delayed Grants to NSAs

      Trending Tags

      No Result
      View All Result
      The Business Weekly & Review
      No Result
      View All Result
      Home Companies & Markets

      Removal of restrictions on BTC shares is long overdue – Tsheole

      The BSE strongly believes that the share price of BTC will remain flat because there is not much demand for them even if BTC makes a profit.

      mm by Kitso Dickson
      May 30, 2022
      in Companies & Markets
      Reading Time: 2 mins read
      0
      Equity turnover up by 257.8 % on the BSE

      BSE CEO Thapelo Tsheole

      Share on FacebookShare on Twitter
      • Says share price would grow because of increased demand
      • Notes restrictions serve a purpose at IPO stage

      The Botswana Stock Exchange says it has advised the government to remove restrictions on Botswana Telecommunication Limited (BTC) shares for the reason that they inhibit growth of the share price because of the same thinking.

      “The share price will never grow, there is no diversity in terms of the views,” the CEO of the BSE, Thapelo Tsheole said this week at the launch of the BSE’s 2022-2026 strategy. “The government wrote back to say it was a cabinet decision and they will look into it,” he told journalists. “When we say a market, we mean a place where diverse people with diverse views can actually come into play.”

      The BSE strongly believes that the share price of BTC will remain flat because there is not much demand for them even if BTC makes a profit. No matter the amount of the profit, Tsheole noted, the thinking is still the same. In the CEO’s expert view, it is good to impose restrictions only at the IPO level; post-IPO and after several years, the incentive evaporates. Infact, the longer this goes on, the greater the suppression of the share price.

      Tsheole’s greatest fear is that if another telecommunications company entered the market while Batswana are still holding BTC shares, the share price would go down. “So what we were proposing to government is that we need diversity in terms of views or opinions towards BTC,” he said. “They need to relax it to remove foreign restrictions. This is based on evidence across many markets where initially shares are limited to citizens and then over a period of time that restriction is removed.”

      Removing the restrictions would actually benefit Batswana who own BTC shares because demand for the shares would grow and lead to growth in the share price, says Tsheole. Government can still remain with 51 percent but the BSE argues that for the 49 percent, they should let the market determine the dynamics so that “you get an efficient price discovery,” Tsheole said. “We don’t know whether it will be up or down but what I want you to know is that it would be more liquid like other telco shares.”

       

      Tags: Botswana Stock ExchangeBotswana Telecommunication Limited (BTC)Thapelo Tsheole

      Navigation

      • Home
      • News
      • Economy
      • Columns
      • Companies & Markets
      • In Business With
      • Lifestyle
        • Motoring
      • Sports

      Recent News

      • Did Abdoola’s Dubai Debacle violate BSE Rules?
      • Deduct 10% commission, always!
      • The building blocks of financial success
      • Protecting the investor
      • Experts expect ERTP to gain pace

      Site

      • About
      • Advertise
      • Privacy Policy
      • Cookie Policy
      • Contact

      © 2021 The Business Weekly & Review. All Rights Reserved.

      No Result
      View All Result
      • Home
      • News
      • Economy
      • Columns
      • Companies & Markets
      • In Business With
      • Lifestyle
        • Motoring
      • Sports

      © 2021 The Business Weekly & Review. All Rights Reserved.

      Welcome Back!

      Login to your account below

      Forgotten Password? Sign Up

      Create New Account!

      Fill the forms below to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Are you sure want to unlock this post?
      Unlock left : 0
      Are you sure want to cancel subscription?