NRL. this is your best post to date imo, great points raised. I think ECS did what they needed to do to get themselves inthe positions they are at now, but believe now is the time to pivot, as you say release our own brand, best organics in Aus, this builds the brand and really there is no downside that I see as anything we dont sell under our own brand can be sold under the current B2B model. Only upside from my perspective, whats the negatives here? No brainer, and brand building is where big margins are made.
@deRgoD this is very interesting, do they release financials or technical details like amount of flower produced? This would be a good comparision for ECS .
Price action has been great since annual report, very well presented report as well, ECS is so under valued compared to peers that arent even half as good, its good to see a bit of bidding come into markets here but really anything here is bargain and shouldnt really be celebrated, at 5cents we are still valued under CAN, and CAN is absolute garbage (huge debt, not profitable, growing less than ECS), so really this should be the floor for us, and we should be a lot higher. It does seem like market is slowly waking up to this, the full year results would have got the attention of a lot of analysts across the country, and in this high inflation environment where you need assets actually producing and making money, this is a very rare find, so can only imagine more money flowing in once due diligence is done. Im very much looking forward to all the holders here being rewarded!
ECS Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
(20min delay)