Recommendation: IBL's Offer for BLFE
- We recommend that you decline IBL’s offer for BLFE shares
- While IBL’s offer represents an exit opportunity, our recommendation stems from reasons we discuss in our document and also because the market at Rs2.40 offers a higher exit point
- We Fair Value BLFE at Rs2.56 representing a 6.5% upside and therefore introduce an “ACCUMULATE” rating on the stock
AXYS Stockbroking Ltd (ASL) is one of the most active stockbroking firms on the Stock Exchange of Mauritius (SEM). With over 20 years' experience as registered brokerage house, ASL's team of qualified investment dealers and research analysts will help you make informed decisions for your investments on the SEM.
ASL's full range of services covers trade execution, intermediary settlement on behalf of the CDS, intermediary custodian services through the CDS, lead brokerage services for an IPO, additional listing or takeovers. In addition to our share trading related services, we also cover in-depth market analysis with the help of our leading Mauritian Equity research team who regularly produces an economic perspective on key market sectors and company valuations.
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