Access bank launches initial public offer (ipo) of shares

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• lankwei 7 years ago

  The IPO price is unrealistic! Only SCB and EGH of banking stocks are more expensive. Even the current share price of GCB is 3.95.
  
  Most of the bank stocks trade for less than one cedi.
  
  I have checked the financial statem ...
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  The IPO price is unrealistic! Only SCB and EGH of banking stocks are more expensive. Even the current share price of GCB is 3.95.
  
  Most of the bank stocks trade for less than one cedi.
  
  I have checked the financial statements. It won't surprise me if dividends are not declared. Even if declared the yield will no much to write home about.
  
  This IPO, imho, will be in the speculative class. Medium to long term, investors, likely, will make some money
  I will follow what emerges from the sidelines.

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