Makes my decision to double my holding at $2.82 a pretty good one. Whilst I thought it was a gutsy move at the time (I have a reasonably large holding in EML) my decision was based on the risk/reward.
Risk was the chance of the Irish regulators closing the local business down which I believe was a low risk. A company can handle a large fine and that probability was high.
Add the confidence I have in the EML management and my decision was made. I did have one eye closed when I pressed the buy button however.
Morningstar has a fair value at $4.51 by the way which was updated on June 7.
Ann: Investor Briefing and Q3 FY21 Trading Update, page-28
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 (20min delay)
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Last
$1.02 |
Change
0.010(1.00%) |
Mkt cap ! $380.5M | |||
| Open | High | Low | Value | Volume |
| $1.00 | $1.02 | 99.5¢ | $1.099M | 1.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 30146 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.02 | 5212 | 1 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$1.02 |
Change
0.010 ( 1.28 %) |
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| Open | High | Low | Volume | ||
| $1.00 | $1.02 | $1.00 | 83678 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| EML (ASX) Chart |