ENN is a house of cards
Why no net property / investment write downs of merits?
The largest investment, ElanorMetro and Prime Regional Hotel Fund still has its debt in default as do two other funds / syndicates, including the ElanorLuxury Hotel Fund.
Prior to suspension of the 2HFY20 dividend it is clear the dividend was actually being funded by debt and equity raisings (not so called "core earnings")
Ann: ENN FY20 Results Announcement, page-5
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Last
97.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $147.6M | |||
| Open | High | Low | Value | Volume |
| 97.0¢ | 97.5¢ | 97.0¢ | $23.32K | 24.03K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28212 | 97.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 98.0¢ | 25000 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| ENN (ASX) Chart |