EML

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Intelligent investor just downgraded to hold with no price guide...

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smartbomb

266 Posts.

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12/10/21

13:39

Post #: 56738523
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Originally posted by mrspeculator: ↑

I don't think so. At best, we'll go sideways for a while. This CBI debacle is a tumour that seems to be metastisising. I'll hold firm on my opinion that EML needs to move PFS out of Ireland. It's the New Zealand of Europe. The longer this drags on for, the worse it will be for an otherwise great company. On the first announcement in May, on day 2 following the announcement, the price rebounded impressively to about $3.35 from the horror $2.80 close.
Well, this is day 2 of this second part of the Irish Shakespearean opera and the market is not taking the bait again. I've been reading "huge rebound Monday" and "oversold" on the weekend. But, it's likely not going to move the meter that much today. Positively, it's not selling down again.
One more negative announcement regarding the CBI, and EML will be in that $2 to $3 for months.
I'm not downramping, or trying to get anyone to sell. I'm trying to be realistic. Tom Cregan in one of the best leaders I've seen in corporate circles, and he's made EML what it is today. But, if the CBI are going to be that limiting to his growth plans, then just take the short term pain, and move on to somewhere which actually values capitalism and economic growth and prosperity.

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Intelligent investor just downgraded to hold with no price guide from buy which it had published 10 days ago. Reason is the CBI issue/regulatory risk and associated uncertainty so very much wait and see for now.

EML Price at posting: $3.10 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 82.0¢		Change 0.055(7.19%)		Mkt cap ! $307.6M

Open	High	Low	Value	Volume
78.5¢	82.5¢	78.5¢	$1.237M	1.524M

Buyers (Bids)

No.	Vol.	Price($)
2	4665	81.5¢

Sellers (Offers)

Price($)	Vol.	No.
82.0¢	20	1

View Market Depth

No.	Vol.	Price($)
1	1974	0.815
2	30000	0.810
1	20000	0.805
4	21725	0.800
2	50000	0.795

Price($)	Vol.	No.
0.820	20	1
0.825	47374	2
0.830	34300	2
0.840	3573	3
0.845	3200	1

Last trade - 16.10pm 09/08/2024 (20 minute delay)

EML (ASX) Chart

Intelligent investor just downgraded to hold with no price guide...

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