Investors valuations signal eight NSE companies that are ripe takeover targets

Investors have such a pessimistic view of the prospects of some companies listed on the Nairobi Securities Exchange that they believe the firms are worth more if taken over, an analysis of a key performance metric by the Business Daily has showed.

The price-to-book ratio of eight companies out of the 20 that make up the NSE 20 Share Index is below one, meaning that the market value of their stock is below their net assets value.