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Article: Time out at Tempo.
- Article from:
- Australasian Business Intelligence
- Article date:
- September 11, 2003
CopyrightCOPYRIGHT 2003 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sep 11, 2003 (The Australian Financial Review - ABIX via COMTEX)
Australian-listed Tempo Services has had a difficult time in 2003, with its share price falling by 21 per cent in the year to date. The stock closed at $A1.43 on 11 September 2003, in the wake of a 25.5 per cent fall on 2 September after the services group advised that its net profit will be below forecasts. Meanwhile, there has been speculation that Tempo's executive director, John Schaeffer, may seek to sell his 32.7 per cent stake in the company. He sought buyers for his stake in 2000, but there was limited interest in the stake at the price he was seeking. Schaeffer himself has indicated that he ...