Analysts caution on EOH’s ‘big test’ as market cheers
Analysts say they will watch the scandal-tainted company’s ability to grow and execute a turnaround plan
Technology services group EOH’s share price jumped as much as 55% on Tuesday, the best level in six weeks, after it said it would raise R1bn through asset sales to reduce debt.
As the market cheered, analysts cautioned that they would be watching the scandal-tainted company’s ability to grow and execute a turnaround plan.
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EOH CEO Stephen van Coller talks to Business Day TV about the company’s half-year results.