interestingly the government has decided to go ahead with the listing AND at the same time try to recruit an MD and Finance Director. While I must admit the stock market has never had such an enthusiastic government as this one, on this one I'd urge caution. Plans are not always set in stone if something crops up you adjust your plans and avoid forcing things. In this case, the government discovered some financial mess that seems to involve the immediate past FD and MD. The two end up leaving the company and government still wants to have a share offer in April this year - just over 60 days away. Anyone who knows how long it takes to recruit would tell you you need no less than 6 months to advertise, interview, negotiate and have your new recruit complete a notice period. Then after that the poor MD still needs to figure out what he is dealing with and draw out a plan of action going forward. Maybe on this particular one it would be better to shelve the listing plans for one year. The clouds hanging over the company may just be enough to frustrate a full subscription despite the euphoria in the market at present.
On another note the market continues to cool down as people seem to be waiting for the next move. 2006 annual result reporting season will kick off very soon through to mid March and direction will become clearer as we move through the month. There might be a few bonus share issues or even another stock split. It will be interesting to see if people now accept these really do nothing to the value of their investments or will it trigger another intense round of speculative trading? Time will reveal. Nafikiria watu wanachanuka sasa.
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