According to the Q1 of 2025 report issued by Securities and Exchange Commission – SEC, availed to the Zambian Business Times – ZBT, Madison Financial Services Plc (MAFS) has recorded a drop in share prices by 5.6% (about 6%).
MAFS share prices at the beginning of the quarter was at K1.8 per share and closed at K1.7 per share by the end of Q1, indicating a drop in the price of shares at K0.1, and eventually striking a drop in price share at 5.6%.
With Madison Financial Services Plc last month April 2025 failing to submit and file their financial statements with LuSE on time, could that be one of the symptoms of under performance?
ZBT efforts to get a comment from Madison Financial services had not been successful by press time.
More details to follow…..
