Mercer Group shares at record low; outlook uncertain

Thu, 20 Oct 2016

By Tina Morrison Oct. 20 (BusinessDesk) - Mercer Group shares are languishing unloved at a record low on the stock exchange as the unprofitable stainless steel fabricator restructures its operations, undertakes a refinancing to keep it afloat, and faces questions about its products after one of its stainless steel silos collapsed last month at Fonterra Cooperative Group's biggest factory in Edendale, Southland. Shares in Mercer Group last changed hands a week ago at 1.3 cents, the lowest level the shares have traded at since NZX records b...

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