Euroz stockbroking posted a 600% increase in profit for the half year, got enough money to pay an 8 % dividend.
I think the reason for the boom times for EZL stockbroking is that they are a Perth based stockbroker that specializes in raising capital for newer companies, especially miniung companies.
Don't have to be Einstein to figure out that with speculative mining in a boom time, there will be a flood of new start ups soon to come onto the market. Euroz must have already picked up a large portion of this to account for profit rise.
I believe the number of start up mines will increase. Personally, start ups are too risky for me, but im happy to hold a company that makes money by charging under writing fees for these companies. I predict that EZL profits will continue to rise at an alarmingly good rate.
EZL trading on a PE of around 5 now by my figures. Undiluted. Pays 8% divi. Happy to hold.
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making a killing from new mining listings
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Last
86.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $136.8M |
Open | High | Low | Value | Volume |
87.0¢ | 87.0¢ | 86.5¢ | $24.84K | 28.72K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 170 | 86.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
87.0¢ | 10029 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 14207 | 1.145 |
2 | 31000 | 1.140 |
1 | 4410 | 1.130 |
1 | 89 | 1.125 |
1 | 900 | 1.110 |
Price($) | Vol. | No. |
---|---|---|
1.150 | 12163 | 1 |
1.160 | 22546 | 2 |
1.180 | 7500 | 1 |
1.185 | 8382 | 1 |
1.190 | 51419 | 2 |
Last trade - 13.26pm 29/11/2024 (20 minute delay) ? |
EZL (ASX) Chart |