They have an adviser. The adviser introduced the new shareholders The new shareholders bought 20% of the company. All they had was the Annual Report...really?
Why no Investor Presentation pack confirming the profit, confirming the $10 million in new contracts and confirming the prospects for the Water business. This is most curious and mysterious. Raises more questions than it answers.
Oh right, we have to wait 10 weeks till the end of November for the AGM to hear. They could have the AGM in October but as usual, they will wait as long as possible. Do nothing unless they have to. Will be interesting to see how long the new shareholders put up with a PRIVATE company posing as a listed entity.
EGL Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
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