Econet values its equity at 2X market cap

Econet accounts for close to 21,76 percent of the ZSE market capitalisation, making it the second-largest counter after Delta in terms of equity contribution.

ECONET Wireless Zimbabwe (Econet) says its implied equity value is in excess of US$1,78 billion, almost twice its Zimbabwe Stock Exchange (ZSE) market capitalisation of approximately US$902,58 million. The valuation is based on an alternative value discovery mechanism the group recently undertook to better facilitate value enhancement and preservation for shareholders. The telecommunication giant, which…

Subscribe to read full article. Subscribe today

Related posts

Walking inflation peps up industry

Industry experts to headline FinGaz tax forum

Implats sees earnings boost

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More