EGL

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26.5¢ environmental group limited (the)

Part of the problem is the illiquidity of the stock.The large...

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14/10/16

10:06

Post #: 19854251
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Originally posted by bellcurve ↑

And there you have it: as succinct asnapshot of investor interest in EG as you'll get.

On Tuesday, the company appoints a new CEO andreports a healthy sales figure and noone gives a rats.

Either of these pieces of news might well have excited some excitement in other companies. But not with EGL. Not a murmur except for the desperate writer.

The sales figure quoted shows considerable demand for EGL services, and the industry is without doubt expanding. A pissant profit was reported last FY but a profit anyway and the business is a going concern.

Given the illiquidity of the stock, the length of time of any turnaround, the absence of any known shareholder communication strategy and the general hassle and cost running a listed entity, a good case can be made for taking EGL private.

Buy it for a song, put longsuffering shareholders out of our misery, get the business moving, relist in 5 years as a Great Shining Green Thing and you're laughing.

That said, having a new captain on the bridge will help no end.

What is a punter to do? Take a haircut and move on, or bottom drawer it?

Immediate SP outlook: moribund.

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Part of the problem is the illiquidity of the stock.The large shareholders should let some stock go to bring liquidity to the market.

EGL Price at posting: 1.9¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 26.5¢		Change 0.000(0.00%)		Mkt cap ! $133.1M

Open	High	Low	Value	Volume
27.0¢	27.0¢	26.5¢	$103.0K	388.8K

Buyers (Bids)

No.	Vol.	Price($)
2	98488	26.5¢

Sellers (Offers)

Price($)	Vol.	No.
27.0¢	260479	10

View Market Depth

No.	Vol.	Price($)
2	150000	0.054
2	205091	0.052
1	20000	0.050
1	27888	0.026
1	175000	0.010

Price($)	Vol.	No.
0.060	249031	2
0.068	76726	1
0.070	154236	1
0.079	100000	1
0.080	68000	1

Last trade - 11.26am 22/11/2024 (20 minute delay)

EGL (ASX) Chart

Part of the problem is the illiquidity of the stock.The large...

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

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Part of the problem is the illiquidity of the stock.The large...

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