Enero – off the critical list and in recovery
Dr Mumbo has watched a lot of bad news about Enero, nee Photon Group, over the years. So for once, let’s share some good news.
He notices there has been a steady increase in the marketing group’s share price on the ASX over the last 12 months. So much so, that it’s increased from a low of 34c a year ago to today’s close of 107 cents, representing a tripling in shareholder value in that time.
The company, owner of the likes of BMF, Naked Communications, The Leading Edge and Frank PR, is getting tantalisingly close to a market capitalisation of $100m.
Given that the company nearly died just four years ago, the rescue driven by former CEO Jeremy Philips and turnaround by current boss Matthew Melhuish is notable to say the least.
Enero EGG share price Source: ASX/ Google Finance
