EIQ 11.8% 19.0¢ echoiq limited

Ann: Houston We Have and Wipro Form a Strategic Alliance, page-32

  1. 15,039 Posts.
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    brett, i personally place no value on agreements/partnerships/alliances and don't like these type of ann. being placed as price sensitive. in my experience they don't mean anything other than potential sales avenues and i don't count on them eventuating into something so i'd assume nothing significant has happened to make it worth a mention. having said that i'd recommend you contact the company to get an accenture update and see if they provide a response.

    i'm more curious about the recent confidence of revenue generation within the funds management sector and the mention of further growth of arr as this will move the needle, not avenues in generating revenue.

    this stock reminds me of the early days of evs which took a while to take off - multiple sources of revenue generation in different sectors that all grew into making it a current $170m market cap company and $300m at it's peak if i remember correctly. revenue and demand started to snowball after years of very little reward, but lots of hard work getting the word out about there tech.

    on another note, trade data on the day of the latest price sensitive ann. 10 feb, 7m unassigned shares were transacted. 242 buys and 242 sells at the same price of 6.6. the rest were a few punters.

    anyone got any thoughts on this, seems to me some holders took profit and others were happy to take the shares on at that price that was pre-arranged. current share price of 5.1 is a bargain and criminal imho.

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    Last edited by onetricky: 14/02/21
 
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Last
19.0¢
Change
0.020(11.8%)
Mkt cap ! $102.1M
Open High Low Value Volume
17.0¢ 19.3¢ 17.0¢ $1.058M 5.762M

Buyers (Bids)

No. Vol. Price($)
1 196878 18.5¢
 

Sellers (Offers)

Price($) Vol. No.
19.0¢ 19833 1
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