The almost daily decline since start of Nov is getting tough to...

First 44 Last

Share
Profile

Follow
qwerty0987

198 Posts.

12/12/14

10:48

Post #: 14450456
Share

Originally posted by Teringie ↑

Another thing on the capital raise talk. Why would ensogo need to raise capital. During the acquisition stage you need capital, but ensogo is in consolidation mode and can still grow. Systems are now set and are continually being streamlined. Costs are being reduced so profits can be made. Sales will continue to grow from here because it's the growth market business model that were in.

the other thing about ensogo I like, is the products they are selling. A lot of them are service type products, ie) dinners for buffet's, tickets to theme parks, holiday destinations, etc etc. unless I know little about business but these items would be sold on consignment. No upfront monies required, just a commission for the sale. Sure there are tangible items like iPads, perfumes, alcohol, gadgets of which some would be purchased, but most is purely consignment with little to no cash outflows.

People are becoming more and more tech savvy and more time poor. Hence ensogo.

The share price will turn. As for were the share price ends up? Who knows, but I would still suggest the sky is the limit, and the goodwill of 100 million, I would suggest this is conservative and pretty much spot on based on the databases and intellectual property e88 owns.

Expand

The almost daily decline since start of Nov is getting tough to watch (even tougher to endure for small holders) ...

As predicted in 1982's post on 5 Dec, how do small holders compete against relentless selling of 132m shares coming out of escrow.

I think this is part of the reason why company changed its name from iBuy to Ensogo (instead of iSell given the recent share price downtrend) to dis-associate from Catcha Group's other stables like iCar and iProperty.

E88 Price at posting: 7.8¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

AXP

Tambourah chases gold veins and mineralisation extension with drilling

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 12 more messages in this thread...

First 44 Last

Add E88 (ASX) to my watchlist

The almost daily decline since start of Nov is getting tough to...

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Tambourah chases gold veins and mineralisation extension with drilling

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Featured News