ELS 5.45% 52.0¢ elsight limited

This is the week. Normally stocks run up in anticipation of...

  1. 1,799 Posts.
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    This is the week. Normally stocks run up in anticipation of (good) news, but ELS has lost some ground on very low volume. As news is coming out of the US and volume is low we can be pretty certain there has been no leak. Also, with no heat in the SP it creates a lot more upside in a favourable ruling.

    The M&A potential if positive is massive. A large corporate could just buy ELS instead of investing in R&D and waiting with uncertainty. We’ll find out the cash position at the end of April but let’s call the EV about $50m. Even at $200m that’s nothing for a multi national. There’s huge upside here IMO. GLTAH
 
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Last
52.0¢
Change
-0.030(5.45%)
Mkt cap ! $78.54M
Open High Low Value Volume
55.0¢ 55.0¢ 52.0¢ $54.60K 103.4K

Buyers (Bids)

No. Vol. Price($)
1 999 52.0¢
 

Sellers (Offers)

Price($) Vol. No.
53.0¢ 9181 2
View Market Depth
Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
51.5¢
  Change
-0.030 ( 3.74 %)
Open High Low Volume
53.5¢ 54.0¢ 51.5¢ 52656
Last updated 15.59pm 14/06/2024 ?
ELS (ASX) Chart
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