Mad Butcher owner Veritas shares slump 17% on losses, debt concerns

Wed, 31 Aug 2016

By Edwin Mitson Aug. 31 (BusinessDesk) - Shares in Veritas, the listed hospitality group which owns the Mad Butcher franchise and the Nosh food markets, have slumped 17 percent after its unaudited full-year results showed heavy losses and a board weighing up whether the business is still a going concern. Today's sell-off is on low volume, with just two trades worth $1,638 accounting for the decline. The share price fall takes the company's market capitalisation to just $16.8 million, less than half its debt of $33 million. In its ful...

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