As someone rightly said - the CBI issues is ONLY over when the CBI say so. Therefore holders will just have to wait til March 2022 to see the conclusion of the CBI issue.
Secondly, I think the market wants to see if EML can maintain its high growth rate. That means holders will have to wait til end of fy21-22. If EML can meet its forecast sale revenue AND project a heatlhy growth rate for future years, I believe sp will move back up.
Maybe the fear of 4th , 5th and 6th waves in Europe - market projecting a poor/ low volume Xmas in Europe and USA this year.
If so - it is understandable why sp is reacting like this.
I get the feeling Europe is becoming a basket case for covid to spread and be fatal again.
At a loss as to the dumping today. - AGM just confirm eml is on target to meet its projection.
EML Chart, page-771
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Last
65.0¢ |
Change
-0.005(0.76%) |
Mkt cap ! $245.1M | |||
| Open | High | Low | Value | Volume |
| 65.5¢ | 65.5¢ | 64.0¢ | $164.1K | 253.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 66478 | 65.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.5¢ | 9698 | 1 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| EML (ASX) Chart |