EGL 0.00% 26.5¢ environmental group limited (the)

News: EGL Environmental Group posts net profit for year attributable of A$1.7 mln, page-3

  1. 3,513 Posts.
    lightbulb Created with Sketch. 47
    Not me Epeeist.

    As for EGL, a strong profit report, no question.

    As for the SP, well really the only way is up. How high is another question, but it isn't hard to imagine EGL going up 2 or 3 times on this news. Future profits are in part supported by a solid order book.

    There may be a delayed reaction until mid September, when the registration period for the dividend ends.

    The lack of liquidity may serve to limit demand as it always has

    That said, I'd hope a decent push higher is seen early in the week.
 
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