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

ECS

Click for more information

0.00%

1.8¢ ecs botanics holdings ltd

Ann: ECS to execute expansion plans following $4m Placement., page-48

First 48 Last

Share
Profile

Follow
wasko

1,911 Posts.

614

27/02/24

11:32

Post #: 72616276
Share

Originally posted by wolfk: ↑

Fortunately or Unfortunately, the ECS raise is quite dissimilar to other ASX small cap raises. Most small caps don’t raise during the following conditions: Positive cash flow, rapidly increasing revenue, relatively low SP (most will see a natural surge in SP given the aforementioned conditions before the raise). ECS raises red flags with the conditions and trading activity leading up to the raise. I’ll be quite surprised if there wasn’t external forces keeping the SP low so that Bells and associates could fill their boots with the freebies.

It doesn’t take away from having a path of rapid expansion, just that raising funds this way is just uneconomical and negligent of existing shareholder values. I still haven’t seen a solid response from management as to how they were unable to secure funds any other way. Director loans, expanding funding facility (which I doubt they approached), waiting until after HY results for a greater SP, raising at a premium where all shareholders see ECS should be.

Expand

Have a listen to the recording of the webinar yesterday, Nan mentioned they don't have the assets for NAB to lend against.

ECS Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

GED

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

ASX hits all time high out the gate on Friday trades following bullish US inflation data

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

There are more pages in this discussion • 42 more messages in this thread...

First 48 Last

Add ECS (ASX) to my watchlist

(20min delay)
Last 1.8¢		Change 0.000(0.00%)		Mkt cap ! $23.19M

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

Buyers (Bids)

No.	Vol.	Price($)
4	257229	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	3214378	3

View Market Depth

No.	Vol.	Price($)
4	257229	0.018
6	3356000	0.017
14	4131596	0.016
12	2210245	0.015
4	1122094	0.014

Price($)	Vol.	No.
0.019	3214378	3
0.020	1462858	7
0.021	1222157	5
0.022	752190	5
0.023	814149	4

Last trade - 07.02am 12/07/2024 (20 minute delay)

ECS (ASX) Chart

Day chart unavailable