DATE: period from June - November 2008 DEBT: HUGE - June $523-1,250 million SHARE PRICE: From $2 down to $1.4 GLOBAL FINANCIAL CLIMATE: CHAOS BOTTOM FLOOR: Unknown INVESTMENT CAPITAL $100,000 SHARES ACQUIRED: 60,000 (rounded/average price)
If still holding the value is $30,000 or 70% LOSS
Investor No.2
DATE: September 2009 DEBT: $200 million SHARE PRICE: $0.25 GLOBAL FINANCIAL CLIMATE: Stabilising. BOTTOM FLOOR: approx. $0.15 INVESTMENT CAPITAL: $100,000 SHARES ACQUIRED: 490,000 (rounded/360K @ 0.25 and 130 @ $0.12
To make an equal loss as Inv. No.1 ELD SP would need to fall to $0.06
Question - If the GFC scenario from September -November 2008 and March 2009 were to happen again, would you (as an investor) invest your capital in a company that had $1.2 billion debt?
ELD Price at posting:
$2.50 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)