Australia's largest stock trading and investment forum Australia's #1 stock forum

ECL

Click for more information

0.00%

$3.01 excelsior capital ltd

Ann: Earnings Results Update FY23, page-15

First 15 Last

Share
Profile

Follow
friendlydwarves

3,410 Posts.

446

27/07/23

13:30

Post #: 69014428
Share

Originally posted by neoteric: ↑

In my view, we have a reasonably high quality electrical company with established and relevant products, competent management, net cash and a positive outlook with earnings still on an upward trajectory in this cycle. Why look to sell?
There are plenty of ASX companies with similar levels of profitability ($10m) with market capitalisations beyond $150m. Sadly, the ECL market capitalisation reached $61m in 2015 and is barely more than 10% above that today, despite profit doubling over that period of time with fewer shares on issue. This seems to be a scenario where investment markets place a discount on the relative valuation of this company, that discount possibly being a function of:
(1) An ongoing incoherent strategy and message about the surplus capital held by the holding company. ie capital mismanagement.
(2) The company choosing not to provide investors with any meaningful presentations and insights into the electrical business, its market position, dynamics and its prospects.
If we see a change on these two fronts we may not need a suitor and we can continue to own a company delivering solid returns on our invested funds.

Expand

"solid returns on our invested funds"

hey m8 not sure which company you meant to post on but it ain't ECL

ECL Price at posting: $2.39 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

There are more pages in this discussion • 1 more message in this thread...

First 15 Last

Add ECL (ASX) to my watchlist

(20min delay)
Last $3.01		Change 0.000(0.00%)		Mkt cap ! $87.27M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	1	$3.02

Sellers (Offers)

Price($)	Vol.	No.
$3.45	1226	1

View Market Depth

No.	Vol.	Price($)
1	1	3.020
2	103	3.000
1	1951	2.960
1	7000	2.930
0	0	0.000

Price($)	Vol.	No.
3.450	1226	1
3.500	5000	1
0.000	0	0
0.000	0	0
0.000	0	0

Last trade - 16.12pm 19/06/2024 (20 minute delay)

ECL (ASX) Chart

Day chart unavailable

SPONSORED BY