It has rallied hugely in under a year, so I expect some who have held it for at least twelve months are selling out with their CGT discount. As others have said, I think the fundamentals are great and they hopefully will keep growing revenue. It's a very lean company and they can afford to pay much bigger dividends, all fully franked too. It needs to cool off a bit for it to move up to the next price level. I'm surprised it has held over $4, as was thinking it might drop further. Because there's only 44m shares, as soon as demand moves in the sellers all get wiped out. Sellers are only trading small volumes. The biggest risk I see is revenue growth slowing, but considering we are so early in the journey with so many distribution networks, vendors, etc, and more new products being sold, etc, I really think that's the wrong side of the bet at this stage. Also...I want a 5c dividend this October! Probably not going to happen, but anyway.
EZZ Price at posting:
$4.15 Sentiment: Hold Disclosure: Held
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