The illiquidity of EGL continues, this time ahead of its full...

The illiquidity of EGL continues, this time ahead of its full fiscal year result due before August 31.

Since April 2016 EGL has issued a number of statements about increased sales, including on June 30 when it talked of another $18 million in business done to take total sales since January 2016 to $54 million, well ahead of the previous period.

Obviously, the impact of the more recent sales will be most evident in FY2017-18.

But there will surely be some positive impact on profits for last fiscal year from this increased volume of business.

The first half of last fiscal year proved something of a turnaround for the company, shifting back to profitability. Hopefully this continued in the second half, potentially providing something of a catalyst for a languishing SP.