NSE | April 2021 Stock Picks | AIB AXYS Africa
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We anticipate a rally at the bourse as investors are likely to take profit on counters that have announced a dividend payment after which prices are expected to come off. We continue to monitor the KES 1.2B or KES 63.50 per share buyout of BOC Gases by Carbacid that has been marred by valuation issues with BOC accusing Carbacid of undervaluing its share with an independent advisory opinion pricing BOC at a higher price of KES 91.76 a share. BOC Kenya has frozen the proposed takeover of the company pending guidance from the Capital Markets Authority (CMA) following the filing of an appeal with the Capital Markets Tribunal (CMT).