Transaction Capital share price crashes 40% in a week
Shareholders have a tough time as at least R2.2bn is erased from its market value
Transaction Capital shareholders have had a tough week, with the company’s share price crashing 40% more in the past seven days, erasing at least R2.2bn off its market value.
Its market cap is now down to R3bn, a tiny fraction of its lofty value of R40bn just 17 months ago when the share traded at R52.50, before it unravelled due to problems with its troubled taxi finance business...
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