Audio By Carbonatix
Market analysts at Gold Coast Securities Limited, a leading brokerage firm in Ghana, on Tuesday welcomed Ghana Commercial Bank's share offer as coming at the right time to meet the expectation of investors.
The brokerage said investors would take advantage of the offer and make some gains as well as increase the number of their shares.
"Looking at the bank's good financial results, dividend yield of 8.1, the price trend ... we expect the offer to be successful," declared a GCSL analyst on Monday.
In a statement signed on Tuesday by Mr Ekow Quarcoo, Director, Public Relations, said top officials at GCB and the offer's manager, Strategic African Securities (SAS), have described the offer as a glittering investment opportunity open to shareholders and non-shareholders at home and abroad.
This decision, the statement said, clearly explained the bank's efforts at using international road show to communicate the terms and highpoint of the floatation to selected Ghanaian communities abroad.
It said while a nationwide educational campaign on the offer took off from Wa in the Upper West region on Monday May 21, similar educational road shows had been slated for the benefit of Ghanaians living in major European and American business centres.
The statement said Ghanaians in the Diaspora seemed excited about Ghana Commercial Bank's share offer of launching the Rights Issue, which had put up 75 million new ordinary share at ¢6,000 per share.
"Many Ghanaians domiciled abroad, especially those living in the United Kingdom, Germany, Holland, Italy, Canada and the United States, are reported to be calling relations back home for details on the offer since it opened one week ago."
A release issued by the bank at the weekend announced that a two-leg European road show had been scheduled for the Cumberland Hotel in Central London, UK, on Friday May 25, Düsseldorf, Germany, on Sunday, May 27.
The American road show would follow in New York City on Thursday, May 31, and Washington DC on Friday, June 1, 2007.
The Ghana Commercial Bank Rights Issue opened May 15 and would close on Friday June 15.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Death toll from devastating Indonesia floods passes 900
45 minutes -
Obuasi Bitters CEO rebuilds Pomposo school block
47 minutes -
Family Health University graduates 318 healthcare professionals
52 minutes -
Legendary Yaw Sarpong’s backing vocalist Maame Tiwaa passes on
2 hours -
Two suspects arrested in coordinated robbery attacks at Nkasiem
2 hours -
Tiwaa of Yaw Sarpong and Asomafo dies
2 hours -
Amedzofe Canopy Walkway temporarily closed after structural incident
2 hours -
Dr Ibn Chambas calls for Africans to ‘defend their dignity’
2 hours -
Let’s treat persons with disabilities right – GHS staff  urged
3 hours -
Soldiers in Benin say they have seized power from President Talon
3 hours -
Lionel Messi leads Inter Miami to MLS Cup glory
3 hours -
Soldiers on Benin’s national television claim to have seized power
3 hours -
Premier Tennis Club organizes Tema Farmers’ Day Tournament
3 hours -
Liberia, South Africa ex-First Ladies attend Lordina Foundation’s 5th health screening for retired ministers
4 hours -
KGL Foundation partners Premier Tennis club to celebrate Farmers’ Day
4 hours
