Hi fdKen,
I sold out of my remaining position in EVT back in August after holding for over a decade, probably in reaction to my annual ski trip to Thredbo being canned for the second season in a row!
I'm mystified that the shareprice still appears to be defying reality, closing in on the Dec 2015 all time highs of $16+, despite COVID slamming all their business divisions and the uncertain short term future. EVT FY 2016 results were close to all time peaks with revenues @ $7.82 cps, cashflows $1.31cps, earnings 78 cps & divis 51 cps. Latest forecast on Commsec for EVT 22FY is earnings of $0.009 cps, breakeven basically.... Scope for a takeover you ask? very tightly held by the Rydges clan with big cross holdings between EVT & CIN making that all but impossible.
I do like the company in the longer term and will keep an eye on the shareprice coming back to reality but at these prices it just don't make sense to me.
DYOR & GLTAH!
Ann: Year End Results Announcement, page-7
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Last
$11.03 |
Change
0.180(1.66%) |
Mkt cap ! $1.789B | |||
| Open | High | Low | Value | Volume |
| $10.96 | $11.21 | $10.89 | $2.654M | 240.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2456 | $11.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.07 | 5500 | 1 |
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| EVT (ASX) Chart |