ENN 0.00% 82.0¢ elanor investors group

Ann: Elanor Investors Group Interim Financial Results HY24, page-17

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  1. 1,283 Posts.
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    ENN are renown wealth destroyers. EHAF promised an 8% yield. Paid 1 quarterly div in past year. Better returns in a savings account. Capital loss is a given once they sell off the 12 hotels owned by EHAF.

    ECF did a capital raise at $1.10. Now trading circa 63c. Another wealth destroyer, Dividends also on the decline. Got some "assets" you probably could not give away.

    Future not looking very bright for this fund manager. A complete corporate re structure needed. You cant keep blaming covid for companies demise.
    Hold:- ECF & EHAF (unfortunately)
 
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