Yardley defends Powerhouse, says he'd buy more shares at below NTA

Mon, 05 Mar 2018

By Jonathan Underhill March 5 (BusinessDesk) - Powerhouse Ventures chair Russell Yardley says he'd buy more shares in the ASX-listed, Christchurch-based incubator, having acquired 72,252 shares at 30 Australian cents apiece last September. That's below the 53 cents net tangible asset (NTA) backing assessed in the company's first-half results last week and the stock has since fallen further since Yardley was buying. At 22 Australian cents, the shares have slumped 79 percent from its initial public offering price of A$1.07 in 2016, when it...

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