EGL

0.00%

26.5¢ environmental group limited (the)

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

First 3 Last

Share
Profile

Follow
YStrategy

10,543 Posts.

16

14/10/16

10:06

Post #: 19854251
Share

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.

Expand

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
Upvote

0 Great analysis

Reply

Top Stories

WC8

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

MIN

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

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Here are three global stocks you should watch

There are more pages in this discussion • 10 more messages in this thread...

First 3 Last

Add EGL (ASX) to my watchlist

(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($)
1	89788	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...

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

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

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Here are three global stocks you should watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

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

Top Stories

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

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

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Here are three global stocks you should watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News