While Oceana shares have been bleeding losses with a negative 15% over two years and a 5% fall over the last year, the share price picked up over the past three months, gaining 4.2% to close at R56.49. However, analysts believe the share is still undervalued and that it will pick up going forwa.
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Oceana has recently been in the press for several reasons, none of them good. Although the company has (barely) satisfied reporting requirements and maintains that its corporate governance is above board, some questions remain.