Plan needed from Gentrack to restore investor confidence

Tue, 21 Jan 2020

Gentrack needs to come up with a strategy that can be delivered quickly if it’s to win back investors who ditched the ailing software company, analysts say.The shares dropped to $2.30 in afternoon trading, the lowest level since March 2016. That takes their loss to almost 41 percent in the week since Gentrack first flagged earnings were set to fall due principally to price controls in Britain’s energy market.Arie Dekker, head of research at Jarden, said there was too much uncertainty following dramatic changes to the UK market and Gentrack mana...

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