This is one stock which will kick goals this financial year. I expect the share price to increase by at least 200% over the next 8 months based purely on the company's profit forecast for 2007. Currently, the share price is trading at 10.5c (market cap is approximately $10.5M).
Only 100M shares on issue so it wouldnt be a difficult task to achieve 30c+ over the next 8 months.
The company has flagged that it expects to make significant profits this year (roughly $2M according to my estimates) compared to last year ($380K).
Worth checking annual report which was released today.
Definitely worth researching.
Also worth noting that a director recently purchased $500K worth of shares.
one to watch...huge potential
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Last
26.0¢ |
Change
-0.010(3.70%) |
Mkt cap ! $133.1M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.0¢ | 26.0¢ | $150.2K | 567.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30771 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 51253 | 3 |
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| Last trade - 12.28pm 04/12/2024 (20 minute delay) ? |
| EGL (ASX) Chart |
