EOH back afloat but still in troubled waters
Successful rights offer and lower debt costs put company on course for recovery, but challenges remain
28 April 2023 - 08:00
A share that has halved in value can halve again. A share that has lost 90% can lose 90% again. In fact, a stock can keep losing value all the way down to 1c, as some have learnt the hard way.
A five-year chart of EOH reveals a few previous heartbreaks. “Buying the dip” prematurely in corporate scandals is like thinking the violence is over when the thriller you’re watching still has 30 minutes to go. That half-hour isn’t likely to be suitable viewing for your kids or granny. ..
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