Sanford CEO on $270m value gap: ‘the market is the market’
Fishing company dismisses question of asset impairment raised by languishing share price.
Scampi being unloaded from a Sanford vessel in Timaru.
A gap of more than $270 million between the sharemarket’s valuation of Sanford and the fishing company’s own view of its worth is no cause for concern, says its chief executive.
Sanford’s annual report published today values its net assets at $664.9 million, 69% higher than the current market
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