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Financial market: Sonatel struggles to take off on the BRVM

10/05/2021
Source : ORISHAS FINANCE
Categories: Index/Markets

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Despite a reserve of free cash rising to $172 million, Sonatel, the leading market capitalization of the BRVM, remains one of the most traded stocks on this financial market. It does not allow its investors to realize capital gains and more attractive returns.

The value of the Sonatel Senegal share is struggling to take off on the Regional Stock Exchange (BRVM) in Abidjan. It has increased by 5.19% since January 1, 2021. Over the current second quarter of 2021, the value of the share is up by 10.2%.
Sonatel's stock market value is now less than its book value by nearly $770 million. To fill the gap, each Sonatel share would have to increase by 4200 FCFA, but the company's stock market investors do not seem in a hurry to make strong proposals to acquire these shares.
The group said it made a net profit of 55 billion FCFA over the period. A figure which is up by 25.6% compared to that of the same period in 2020. He also indicated that his free cash flow had reached 94 billion FCFA ($172.2 million). It is up 19.8% compared to the same period in 2020.

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