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0.9¢ eneco refresh ltd

Ann: Change of Director's Interest Notice, page-12

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flewk

323 Posts.

131

10/11/21

16:30

Post #: 57467750
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Originally posted by rasaj ↑

Is there any clarity around which properties ERG owns rather than leases? Unless I'm mistaken, the total dollar value of property - at cost ($3.946m) seems rather low, particularly if they have even only 1 warehouse in Sydney.

Additionally, the business seems to be going through an impressive turnaround. One concern I have is the high level of insider ownership. Whilst I like to ensure companies I invest in have insiders with skin in the game, I've found in the past, if insiders have greater than say 40% of ownership, sometimes it is hard for shareholders to have a voice capable of being heard by the board and management. The business seems to have management that is doing the right thing by shareholders, but thought I'd see if anyone has any comments concerning this point?

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The chairman reads the Hotcopper thread from time to time. I have tagged him @henryheng . He may be able to address some of your concerns here provided there isn't material information that needs to be disclosed to market.

ERG Price at posting: 3.7¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.9¢		Change -0.001(10.0%)		Mkt cap ! $2.451M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$936	104K

Buyers (Bids)

No.	Vol.	Price($)
2	245000	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	691000	1

View Market Depth

No.	Vol.	Price($)
2	245000	0.008
2	325124	0.007
1	250000	0.006
2	441000	0.005
1	500000	0.004

Price($)	Vol.	No.
0.011	802979	2
0.013	65045	1
0.014	139576	1
0.025	199885	1
0.045	15400	1

Last trade - 15.01pm 02/10/2024 (20 minute delay)

ERG (ASX) Chart