ECS 0.00% 1.8¢ ecs botanics holdings ltd

You can really see now how the choices made years ago by Aus...

  1. 1,873 Posts.
    lightbulb Created with Sketch. 612
    You can really see now how the choices made years ago by Aus cultivators is playing out to the benefit/detriment of shareholders.

    On one hand we have ECS who didn't use large amounts of financing (zero to date) and made the smart decision to use Mother Nature as much as possible to create premium, low cost products that are in high demand. They are cash flow positive, have economies of scale working in their favour (revenue outpacing costs) and haven't done a cap raise since 2021. They may potentially post their first profit this year.

    On the other hand we have CAN who chose to build a stadium sized indoor facility, used truckloads of financing and now have a debt pile larger than their market cap that they are struggling to pay off, have realised zero economies of scale due to the high costs running a facility that size and are constantly doing large cap raises.
 
watchlist Created with Sketch. Add ECS (ASX) to my watchlist
(20min delay)
Last
1.8¢
Change
0.000(0.00%)
Mkt cap ! $23.19M
Open High Low Value Volume
1.8¢ 1.8¢ 1.7¢ $59.41K 3.488M

Buyers (Bids)

No. Vol. Price($)
3 324411 1.7¢
 

Sellers (Offers)

Price($) Vol. No.
1.8¢ 203852 1
View Market Depth
Last trade - 16.10pm 31/05/2024 (20 minute delay) ?
Last
1.7¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
1.7¢ 1.7¢ 1.7¢ 301459
Last updated 15.02pm 31/05/2024 ?
ECS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.