Turners stock undervalued, chairman tells shareholders

After criticism of capital raise, share register data suggests existing shareholders subscribed for most of the placement stock.  

Tim Hunter
Wed, 20 Sep 2017

Days after raising $25 million in a discounted placement at $3.02 a share, Turners Automotive Group chairman Grant Baker has told shareholders the market is undervaluing the company’s stock.

Addressing the Turners annual meeting in Penrose, Auckland, this morning, Mr Baker said the board “still

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