Econet Wireless Zimbabwe started looking at ways to fix what the company calls a massively underpriced stock situation on the Zimbabwe Stock Exchange after shares hit roughly 21 cents despite assets pushing close to a billion dollars. The telco pointed out that the market cap sits around 628 million while the asset value reached 957 million, and this gap is blocking their ability to raise affordable funding for network upgrades and tech expansions.
The board warned shareholders to be careful trading the stock while they figure out potential moves that could shake things up. The company dumped serious cash into modernizing 400 cell sites and boosting coverage, which explains why assets jumped over 13 percent year over year, even though the market refuses to acknowledge the growth properly.
The board warned shareholders to be careful trading the stock while they figure out potential moves that could shake things up. The company dumped serious cash into modernizing 400 cell sites and boosting coverage, which explains why assets jumped over 13 percent year over year, even though the market refuses to acknowledge the growth properly.
