2021 Profit $3m - P/E 2.4

I was rather hoping that we would have received a bit more information about the record year that EGL is having with the announcement of the placement for the elite. In the absence of the company keeping everyone informed here are my revised profit and value estimates based on what we know.



As you will see, based on the revenue assumptions covered in the Revenue post, we look like having an outstanding year. Why new investors have been given a box seat instead of buying on market is a question in need of answers. But all said an done, the company needs the be more transparent as presumably the new shareholders know the story and the old ones do not.

Here is a pointer to the Richardsons attitude...