Bank Windhoek share price in overdrive

Bank Windhoek Holdings share price continues to surprise on the upside despite sentiments by a local stock broking firm that the shares were overvalued when the bank first listed on the Namibia Stock Exchange in June.
Stock Broking firm Simonis Storm Securities (SSS) cautioned investors during Bank Windhoek’s Initial Public Offering saying that at N$8.75, the bank’s shares were overvalued advising investors to exercise caution until the shares started trading on the open market. SSS believed that the share price was at a 12.69% premium, valuing the shares at N$7.76.