Thanks @gattertop and @nooneimportant for your responses.
My question around understanding the business is important because 1) it lies at the heart of whether this is a scaleable business and 2) understanding if there are barriers to entry from other companies (the old "moat" chestnut). The more I read, the more I am convinced of #1 but not #2.
The points you both make about Covid-19 impacting is extremely relevant, and so too is the next few years of potential global recession that the likes of the OECD are forecasting. If Covid-19 impacts the bottom line, then so will the recession. And this will continue the pressure on margins. Particularly as they have locked in +30-50% in operational costs, so the first chunk of revenue growth will be eaten by that before EBITDA starts moving.
I am not being a hater on EML, far from it. Clearly huge upside potential with EML, but also acknowledging the downside potential which has been borne out to some degree in the most recent annual report.
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Last
73.0¢ |
Change
0.025(3.55%) |
Mkt cap ! $273.8M |
Open | High | Low | Value | Volume |
73.5¢ | 75.0¢ | 72.0¢ | $2.286M | 3.110M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1210 | 73.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
73.5¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1210 | 0.730 |
4 | 73627 | 0.725 |
3 | 51490 | 0.720 |
4 | 47523 | 0.715 |
2 | 17171 | 0.710 |
Price($) | Vol. | No. |
---|---|---|
0.735 | 20000 | 1 |
0.740 | 88929 | 3 |
0.745 | 29290 | 3 |
0.750 | 101578 | 7 |
0.760 | 59292 | 3 |
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