Friday, March 5, 2021 | 15:00 GMT | 45 minutes Expert: Emmanuel O. Boakye
Emmanuel O. Boakye is set to host a webinar to discuss his recent article on how Ecobank Transnational Incorporated (ETI) can restructure to create value for shareholders. Please register to join the webinar to clarify questions you may have after reading his article or to challenge his ideas. Please see below the summary and the link to his article.
ETI’s share price has returned a disappointing -262.5% to shareholders since its listing by introduction in 2006 (2006: GHS 0.29p; 2020: GHS 0.08p) at its current market capitalisation of GHS 1.92B (USD 334.85M). Astonishingly, the Group’s Ghanaian subsidiary which represents 7.19% of the Group’s operating assets, commands an enviable market capitalisation of GHS 2.32B (USD 403 M) representing a total return of 1,209.5%. This article seeks to analyse the areas of value destruction for the Ecobank Group, opportunities for restoring shareholders value and available capital market tools to assist the group in restructuring its business.
Emmanuel O. Boakye has over 6 years experience in the local Financial & Capital Market space. He is currently the Senior Financial Analyst in the Financial and Capital Markets Division of Fidelity Bank Ghana Limited, a tier one bank in Ghana. Prior to joining Fidelity Bank, he occupied several roles with the Cal Bank Group, initially as a team lead for the Investment Banking and research department of Cal Brokers (the brokerage subsidiary) and later as a senior associate in the Corporate & Project Finance Division for the main Bank. In the past 3 years participated in almost all key transactions in the country within the Power & Infrastructure sector, Agribusiness and Financial services, assisting in raising of almost GHS 4.8 billion (USD$ 880m) to support various projects in these sectors. In 2016, he received an award as the Research Analyst of the Year and Young Most Promising Investment Banking Professional from the Ghana Securities & Investment Industry Award organized by PNMC & Ghana Securities and Industry Association.