The market seems to be confused. The sharp broad selloff in equities in the US has been instigated mainly by the expectations of rising interest rates. If this was the case then EML earnings will improve dramatically over time due to the $250M Float they hold which earns interest income in the US. As an example for every 1% increase in rates, that's $2.5M in additional revenue which EML shares with its partners and drops straight to the EBITDA line. EML stock should be going up, not down!
The market seems to be confused. The sharp broad selloff in...
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Last
93.0¢ |
Change
-0.010(1.06%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 93.0¢ | 94.5¢ | 90.0¢ | $2.003M | 2.165M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 33790 | 92.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.5¢ | 4837 | 2 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| EML (ASX) Chart |