ECONET Wireless Zimbabwe (Econet) says its share price on the Zimbabwe Stock Exchange (ZSE) is ‘grossly undervalued’- prompting the group to consider several corporate actions to unlock its intrinsic value. The country’s biggest telecommunication company by subscription is touted to hit US$1 billion in revenue by year end after it raked in ZiG13,5 billion, translating…
Econet wary of share price valuation
The shares currently trade at a floor price of 50 US cents on the Victoria Falls Stock Exchange (VFEX)’s OTC platform, set when Econet delisted from the Zimbabwe Stock Exchange (ZSE).