I own a small amount and am finding these prices very appealing...

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Viper30x

661 Posts.

7

04/12/14

21:02

Post #: 14410917
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Originally posted by keepingfocused ↑

Having bought in earlier this year I have used the current round of weakness to average down. I remain sceptical of a near term upswing not only due to Ensogo's restructuring initiatives' not being fully played out as yet but the compounding effect of de-risking by some of the big players as we go into Christmas. Global growth looks lopsided with the US being the heavy hauler coupled with a slow down in China (or a new norm) counteracting this. I think Europe needs to do more to stimulate regional growth rather getting close to the finishing line but stopping one lap early and claiming victory. In addition, Japan is a stop-start kinda story. Indonesia is an interesting story and I wonder if El Presidente can really reform the economy and stimulate more growth...good for the region if he can!

I feel confident in Ensogo's strategy but I just believe that it was poorly timed against the market downturn, you cant win em all. As the smart players know, E stocks are deleveraging in our region but in a positive sign, the Nasdaq is making gains that may translate into our own little tech sector in 6 or so months.

Good to see some solid insight to the issues facing Ensogo by posters here.

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I own a small amount and am finding these prices very appealing to average down. However, I read somewhere that during December Ensogo are completing a valuation on the goodwill in their balance sheet. Which is substantial given this industry.

What do you all think of the likelihood of a write down?
Secondly what do you think the impact of this might be?
Is this why the share price is so low already? Is the bad news built in already?

Genuinely interested in all your thoughts. Thanks!

E88 Price at posting: 10.5¢ Sentiment: None Disclosure: Held
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I own a small amount and am finding these prices very appealing...

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