Should trade between 25 and 30 bob
http://www.capitalfm.co....hares-listing-6125.html
Currently estimated to be worth Sh17.20 per share, many stock market analysts believe that it has a lot of potential to gain significant ground given the great turnaround and the strong fundamentals of the firm that a few years ago had collapsed under a heap of debt.
The Kenya Association of Stockbrokers and Investment Banks Chairman Michael Gichohi told Capital Business that if all the attained growth and its prospects are factored, then the share should not trade below Sh25.
He foresaw it stabilising at Sh28 in the next three to six months and affirmed Mr Ciano's advice that shareholders should not dispose them.
Further, Mr Gichohi who's also Suntra Investment’s Managing Director said the lifting of the Uchumi share suspension will stimulate the equities market, whose activity has been quiet.
"This is a major turnaround because investors are going to see that you can get a company out of receivership back into profitability and then back to the stock exchange. That will bring people to start looking for opportunities to more into such a company," Mr Gichohi said.