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1.7¢ ecs botanics holdings ltd

Agreed, P/E of under 20 is excellent especially considering the...

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ChopsInOz

104 Posts.

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03/09/24

07:18

Post #: 75497706
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Originally posted by wolfk: ↑

I suspect B2B sales decrease in order to have enough supply for the B2C market. With VesiSorb, Pastilles/Gummies coming to fruition to the market imminently.

Fantastic results, to post a healthy NPAT of $2m whilst rapidly investing substantial amounts into the business production capacity is a testament to management.

Margins increasing substantially is a phenomenal achievement, expecting this number to be closer to 50-55% with vertical brands sales starting up.

New strains on the way, new products, more production capacity and plenty of cash with access to debt if required to continue operations.

I know that there are usually no major movements on news, but surely this profitability and pathway to increased profitability has to have some form of reflection in the SP. At a P/E of 8 and profitability expected to grow, this is a no brainer.

GLTAH (I am very positively skewed here and will digest what negatives to take from it later, but first read is bringing smiles)

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Agreed, P/E of under 20 is excellent especially considering the runway cannabis industry has. An Australian operator coming in with a lean model, profitable, ready to grab part of the larger $4bn Australian industry.
This stock is grossly under valued.

ECS Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.7¢		Change 0.000(0.00%)		Mkt cap ! $23.19M

Open	High	Low	Value	Volume
1.7¢	1.8¢	1.7¢	$6.123K	357.2K

Buyers (Bids)

No.	Vol.	Price($)
3	750174	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	445278	4

View Market Depth

No.	Vol.	Price($)
3	750174	0.017
7	3160000	0.016
9	2506499	0.015
7	2319928	0.014
6	666773	0.013

Price($)	Vol.	No.
0.018	445278	4
0.019	530558	3
0.020	989440	9
0.021	1697308	5
0.022	1403963	7

Last trade - 11.10am 03/09/2024 (20 minute delay)

ECS (ASX) Chart