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28.0¢ environmental group limited (the)

Ann: Strategic Update and Appointment of CEO-EGL.AX, page-5

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Ritman

3 Posts.

06/11/16

13:55

Post #: 20402369
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Originally posted by Gunnu ↑

Great assessment of the current position Bellcurve and yes you are correct YStrategy, share price stagnation is a result of original vendors holding too much stock resulting in poor liquidity.
This entity has only just hit my radar as it was presented as a "trading shell".
Directors have been enjoying an 8.5% return on their loan, whilst maintaining sufficient cash in the bank earning 0.01% to ensure they get repaid.
Concern has obviously risen as they have decided to repay the loan. 500k by 30 November and then the balance of $1m in 48 instalments. Ironically it doesn't say whether they are daily, weekly or monthly instalments. Doubt it will be over 4 years.
Director's fees are 608k with a further 370k for KMPs. Not a bad gig if you can get it without performing.
With Net Tangible Assets of about $1m and ongoing losses, be grateful the market cap is still at $4m.
Lack of liquidity has helped keep the share price from collapsing even further.
I agree Bellcurve, best to turn it back Private, but may as well wait until you can get it for nothing.

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Seems to make sense.

EGL Price at posting: 5.3¢ Sentiment: Buy Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 28.0¢		Change 0.005(1.82%)		Mkt cap ! $133.1M

Open	High	Low	Value	Volume
27.5¢	28.0¢	27.5¢	$19.66K	71.15K

Buyers (Bids)

No.	Vol.	Price($)
4	65970	27.5¢

Sellers (Offers)

Price($)	Vol.	No.
28.0¢	57023	2

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 - 15.38pm 28/11/2024 (20 minute delay)

EGL (ASX) Chart