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CEO calls bottom after P2P $120m crash

Simon Evans
Simon EvansSenior reporter

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The interim chief executive of P2P Transport, which leases out 2650  vehicles to taxi companies and Uber drivers, says a horror stretch which wiped $120 million from the group's market value is over.

Greg Webb, brought in as a fix-it person in April for the company which listed on the ASX in late 2017 in a float with an issue price of $1.32, said the group's problems were all ''fixable'' and he is methodically working on them.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/transport/ceo-calls-bottom-after-p2p-120m-crash-20190909-p52pm8