EDE 100% 0.2¢ eden innovations ltd

Not many companies can predict the future, and even committing...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 17,164 Posts.
    lightbulb Created with Sketch. 2422
    Not many companies can predict the future, and even committing to "guidance" is now an open invitation to ambulance chasing law firms encouraging shareholders to engage in a class action law suit if for any reason it doesn't eventuate. Shareholders can lose money by investing in blue chip stocks. If you want to review value destruction, look no further than QBE and BHP.

    With that in mind, I actually think Eden is pretty good on transparency. They advise shareholders promptly with updates when something significant happens. The financial reports seem accurate. They do withold commercially sensitive information that common sense would say they should, like most other companies. If they have informal knowledge of up coming sales or relationships I don't expect them to tell us until the contracts are signed. If they don't give an update its usually because something hasn't happened even if that means there is a delay, which is frustrating for those that follow it closely. Some things can be inferred from information given out, and with a little research, gaps can be filled in. So if you want to know information about their advisors, a little detective work on the internet will likely provide answers. If you want a preview of potential GDOT projects before the details are released, google and the GDOT site may help. If you want to know the production costs some maths and lateral thinking will help.

    Ultimately I am pretty sure Edencrete will be successful. The best timing to invest no-one can say, since its path to profit is obviously slower than expected because of slow adoption by DOTs. Management have said as much. What it is currently worth is what the market will pay, which might be different ftom its intrinsic value or assets.
    Last edited by whytee: 31/08/17
 
watchlist Created with Sketch. Add EDE (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
0.001(100%)
Mkt cap ! $8.216M
Open High Low Value Volume
0.1¢ 0.2¢ 0.1¢ $5.949K 3.536M

Buyers (Bids)

No. Vol. Price($)
32 95375058 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 20538383 16
View Market Depth
Last trade - 15.49pm 01/11/2024 (20 minute delay) ?
EDE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.