The simplest explanation in my head is when OB was dominant and exponential growth was expected of EGG's 50% holding hit $4 during the Covid boom. Now OB growth is at least slowing, everyone is noticing the not particularly inspiring performances of the customer facing agencies and marking the company from a data/IT growth story to consumer discretionary - facing a potential recession.
I think I underestimated the influence of OB and over estimated management, Wilson's held this and correctly or luckily exited at $3 and precipitated a rerate in Feb.
I've definitely overstayed my welcome despite warnings from well intentioned posters and will give it another half. Think it's oversold but it just isn't that attractive at present, hence the posts debating what should be done about OB
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No. | Vol. | Price($) |
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2 | 21171 | 1.070 |
4 | 6305 | 1.060 |
2 | 1725 | 1.050 |
1 | 7500 | 1.025 |
Price($) | Vol. | No. |
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1.120 | 19602 | 1 |
1.140 | 27927 | 2 |
1.145 | 10455 | 1 |
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