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At risk of going to 0.4c???? Well aren't you an optimistic fella...

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Hingdog

23,059 Posts.

1430

12/05/21

17:34

Post #: 53129399
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Originally posted by BigWill2018 ↑

3 months on mate and the SP is still declining and in jeopardy of going to 0.4c, this is despite the five 'deals' that EN1 has announced.

Despite them doing slight better on losses but revenue was down 2M and this is at a time when people online more often then 12 months ago. The margins also seem to be squeesed alot more when you compare receipt from customers being 3.2M with 2.2M for cost of inventory and compare it to the same period last year which was 5.5M receipt with 2.7M cost of inventory.

Further if you take out the government grants from the last qtrly they actually performed worse than same period last year but that didn't stop them saying they were back to pre-covid revenue

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At risk of going to 0.4c???? Well aren't you an optimistic fella I'd say it's at risk of going to 0!

EN1 Price at posting: 0.5¢ Sentiment: Sell Disclosure: Not Held
3 Upvote

0 Great analysis

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