I think an acquisition in this price range is bound to deliver over the medium term.
I could speculate that the new CEO might have a share price rise based bonus scheme, and he was happy to set the lowest point.
The main thing stopping me from investing additional funds into numbers of stocks I own, is that the US market is too high for the results that they have been delivering, and I think the coming interest rate rise will send their market down (and ours with it) providing a better entry than right now.
Not sure that ERM will drop much further, but the market is a fickle beast.
EPW Price at posting:
$1.45 Sentiment: Hold Disclosure: Held