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African Barrick Gold cross listed on Dar stock exchange

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Habdavi, Nov 25, 2011.

  1. Habdavi

    Habdavi JF-Expert Member

    #1
    Nov 25, 2011
    Joined: Mar 5, 2011
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    ''ABG is pleased to announce that it has
    received the approval from the Capital
    Markets & Securities Authority of
    Tanzania (“CMSA”) and the Dar es Salaam
    Stock Exchange (“DSE”) for an
    introduction of its ordinary shares to the
    Official List of the DSE'' -Greg Hawkins CEO
     
  2. Habdavi

    Habdavi JF-Expert Member

    #2
    Nov 25, 2011
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    Purchase of shares will take the form of American Depository
    Receipts (ADRs) of Tanzanian
    companies, which are basically
    stocks of a Tanzanian firm quoted in
    international markets. (i.e London stock exchange)ADRs trade in
    dollars, are available through your
    country's exchange and don't carry
    currency fluctuation risk.
     
  3. Habdavi

    Habdavi JF-Expert Member

    #3
    Nov 25, 2011
    Joined: Mar 5, 2011
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    Interesting to see that ABG (African
    Barrick Gold) will be listing in DSE. YTD (Year to date return) it is
    down 15.08%. I wonder how many Tanzanians
    will be able to afford the offer at the
    current price of £4.95/share approx TZS14,000



    http://www.africanbarric...estors/dse-
    listing.aspx

    - The listing is on Dec 7 2011.
    From the chart below, there is scope of
    the price testing £3.93 printed on June 16
    2011. Those buying note this - Gold
    production is forecasted to peak in 2016,
    with production rising to 1.55 million
    ounces by 2012.

    Nafasi kama hii haitakuja tena, mtaniambia.
     
  4. N

    Ndinani JF-Expert Member

    #4
    Nov 25, 2011
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    Barrick had a strategy of hedging which means they already sold their gold ahead at a lower price than the prevailing gold price which they never expexted to rise so high!! Beneficiaries in the coming few years watakuwa wale walionunua ahead kwa bei ya chini na sasa dhahabu bei yake iko juu. Kwa wanunuzi wadogowadogo hii Ipo ya barrick sio dili nzuri may be institutional investors who are investing for the long term.Huu ni mtazamo wangu baada ya kuifanyia analysis hii stock kwenye London Stock exchange!
     
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