EOH shares near lowest level since 2004
The sell-off may be a result of ongoing concerns about the group’s history of corporate governance, one analyst says
26 February 2020 - 11:32
UPDATED 26 February 2020 - 22:44
In a selling frenzy that cast a shadow over EOH’s recovery plan, shares in the troubled technology group have slumped by more than three quarters so far this year to levels last seen more than 15 years ago.
EOH, which has its stock hovering at levels last seen in 2004, is in the middle of cleaning up its balance sheet following allegations of underhanded dealings with the government, forcing the company into taking billions of rand in writedown charges and losing nearly R1bn,..
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