Embattled technology group EOH Holdings flagged a half-year loss on Friday, sending its shares down to their lowest level since 2009. EOH was a favourite among investors for most of the past decade, but a slew of bad news has put pressure on its share price, and the market now values the company at less than half its net asset value. EOH shares fell by more than 12% in early trading on Friday, to a low of R9. Large write-offs on goodwill and intangible assets are mostly to blame for the swing from a profit a year ago to a loss in the six months to end-December, the company said in a trading statement on Sens. Though only a modest part of EOH's business, the decision by US software giant Microsoft to end its licensing deal with one of the group's subsidiaries this year has weighed heavily on the stock. The decision last month to postpone the release of its half-year results also pummelled its share price. CEO Stephen van Coller, who has been in the hot seat for less than a year, is r...
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