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Uganda’s Stanbic Bank share price predicted
UGANDA’S Stanbic Bank's share price is likely to open at Shs100 per share in the secondary when the bank lists on Uganda Stock Exchange on January 25, 2007, an investment advisor from the Crane Financial Services Ltd has advised.
The market is currently applying for a 20% “Initial Public Offer” of Stanbic shares offered at a discounted price of Shs70 per share. Analysts however believe that the offer is likely to give investors high returns due to the high demand from offshore investors.
Pedictions are that trading in the secondary market for Stanbic Bank shares will open at Shs100 per share when it lists on Uganda Securities Exchange.
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