Fall knocks 28% off Stefanutti share price in one day
Shares now trade at 36c, a drop of almost 99% from their high hit just months after listing in 2007
25 June 2019 - 19:13
The share price of listed construction firm Stefanutti Stocks fell as much as 28% on Tuesday, its worst loss since its listing in August 2007. This brought the company’s year-to-date loss to almost 90%.
Stefanutti’s liquidity is taking strain because of a lack of infrastructure spending in SA and slow payments by clients, with the company reporting in May that by the end of February its current liabilities exceeded current assets by R301m...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.