TBL is among the best stocks one can hold on DSE. With current year events and environment I see the stock hitting TZS 3000/= per share.
Currently, we are standing on a gain of 16.5% upon last November Mini-IPO price of TZS 2060 per share. The shares have traded at TZS 2400 per share today! There is still a big room for this stock to perform better.
As I have been advising strategic long term investors, long term approach on shares is one of the ways one can build a good fortune. Actually, at this price level TBL stand at 33% gain on the start of 2011 market price of TZS 1800 per share. And the share is about 380% up from its IPO price about ten years ago, the rate excludes dividends paid out. Currently, the banks can pay you a maximum rate of 13% per annum which is far less to what we are talking about here. You can balance your portfolio between stocks and fixed income investments.
Regards,
Emmanuel Akyoo.
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