An investment in electro is grey at the very best of times. However, they will be supplying the turrets and the order of 129 IFV's has already been priced in. Unfortunately, Less than 1/3 that was initially proposed. This creates a floor and the outcome is now less "binary". Electro will partner with Hanwha further and this is a terrific decision by the Government, albeit a scaled back one.
I have had no doubt that this decision would go the way of Hanwha. Blind freddy could see that once the Rheinmetall announcement was made that they would keep both camps happy (to a degree) and promote the manufacturing in both states - alongside choosing the IFV that the Army actually wanted. Relationships with South Korea is critical.
I've been buying up as much as possible under a particular mark. Comments I've made previously about $1.00 being the psychological barrier have proven correct so far. A safety of margin in investing in this stock is critical. My stop loss is set.
There's more to come..
Will consider further accumulation at higher prices. Bought my last parcel on Tuesday afternoon.
I'm done. Good luck to everyone.
An investment in electro is grey at the very best of times....
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Last
$1.56 |
Change
0.045(2.98%) |
Mkt cap ! $300.0M | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.57 | $1.52 | $674.5K | 436.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9000 | $1.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 4424 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$1.55 |
Change
0.045 ( 1.44 %) |
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| Open | High | Low | Volume | ||
| $1.55 | $1.57 | $1.53 | 97869 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| EOS (ASX) Chart |