Econet Wireless Zimbabwe told the stock exchange that its shares are trading way below what the company is actually worth, and the board thinks this mismatch is making it harder to get decent funding for network upgrades. The telecom outfit started looking at corporate moves that might fix the valuation problem and give shareholders better returns.
The company warned investors to be careful trading the stock until they drop more details about what they might do. Management thinks the market price does not line up with how the business is actually performing, and they want the valuation to reflect the real growth happening at the company.
Econet has been around since 1998, and the board says they are focused on protecting shareholder interests while they figure out the next steps.
The company warned investors to be careful trading the stock until they drop more details about what they might do. Management thinks the market price does not line up with how the business is actually performing, and they want the valuation to reflect the real growth happening at the company.
Econet has been around since 1998, and the board says they are focused on protecting shareholder interests while they figure out the next steps.
