ECS

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1.9¢ ecs botanics holdings ltd

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Rthek

505 Posts.

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19/06/24

15:53

Post #: 74393811
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Originally posted by wolfk: ↑

One last parcel put through at 1.5c, could very well be the end of it. We’ve been trading from near 3c into this position since we peaked on Feb-2. 4 and a half months of relentless selling and throw in a capital raise there. Effectively wiping out $1.3m of wealth of those (at current market price) for those who did partake in it.

I suppose this gives the seller a reasonable write-off pre end of financial year. Trading in from near end June into the first week of July over the last two years has seen a 100% increase in 2022 (1.4c to 2.8c) and 50% increase in 2023 (1.8c to 2.7c). EOFY clearly hitting those who bought the Cannabis bubble in early 2021 hard, having to cut positions for whatever tax or not related reasons…

Fingers crossed we see a similar cyclical trend here and bounce back even harder given the underlying position of ECS being infinitely better than where it was both 12 and 24 months ago.

I have again added today. It reminds me of a point during a previous webinar, I believe one related to the cap raise, about her stating she was buying back when we were below 2c, she’s followed suit and continued to add where possible at or below these levels. If that is not the single biggest indicator of ECS being categorically undervalued/misunderstood by the market, I don’t know what is.

I sound like a broken record, but I have never seen something so undervalued in my time trading.

GLTAH.

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Very good thoughts, it seems the best undervalued stock, especially considering our product growth anticipation along with orders on hand and the excellent Management and team of dedicated staff. I too hope we are not far and not beyond the June end.

ECS Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.9¢		Change 0.000(0.00%)		Mkt cap ! $24.48M

Open	High	Low	Value	Volume
1.9¢	2.0¢	1.7¢	$40.91K	2.326M

Buyers (Bids)

No.	Vol.	Price($)
2	450000	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	663012	4

View Market Depth

No.	Vol.	Price($)
2	450000	0.018
2	500000	0.017
5	2160000	0.016
9	2506499	0.015
8	2568928	0.014

Price($)	Vol.	No.
0.019	663012	4
0.020	1008182	7
0.021	2232090	7
0.022	1321286	6
0.023	2028677	5

Last trade - 15.50pm 30/08/2024 (20 minute delay)

ECS (ASX) Chart

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