EHL 3.25% 74.5¢ emeco holdings limited

Jeez LouiseEHL shares now seem to be in the same high demand as...

  1. 688 Posts.
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    Jeez Louise

    EHL shares now seem to be in the same high demand as sharp sticks at a $hit shoveling contest !!!

    Like you I bought at $.90, $0.88, $0.83, $0.845 & now $$0.80.
    Eventually, I will get it right right !!!

    It's the same company that the instos ponied up $0.85 a share for a few weeks back.
    There has been no news to change the the company specific picture.

    On my version of Piotroski's F-score, based on their 2020 results, EHL is an 8 out of 10.
    EHL missed out on two points.
    They issued shares and their book value increased by a bigger percentage than their sales per share did.
    Still, 8 out of 10 is a good score in my book..

    Piotroski's F-Score is not a value measure per se, rather it scores the direction of various fundamental measures.
    Or in other words, it is a form of quality measure that scores the momentum of fundamentals.
    The F-score was originally devised as quality measure to separate the sheep from the goats in high book value shares.
    It works best on smaller stocks.
    With a book value of $0.93, EHL certainly qualifies as a high book value stock.
    In any case, It has been shown subsequently that the F-score is a useful measure more broadly than just with high book value stocks.

    For anyone interested, here are some links on the F-score

    https://pdfs.semanticscholar.org/9dc9/b030da18ab28d1e1a1bbf7e33fb5911f189e.pdf

    https://www.researchgate.net/profile/Charles_Hyde5/publication/301600517_The_Piotroski_F_-score_evidence_from_Australia/links/5bd2dcc7a6fdcc3a8da6bc36/The-Piotroski-F-score-evidence-from-Australia.pdf

    Cheers



    Last edited by Downanout: 22/09/20
 
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Last
74.5¢
Change
-0.025(3.25%)
Mkt cap ! $386.1M
Open High Low Value Volume
78.0¢ 78.0¢ 74.5¢ $190.2K 251.2K

Buyers (Bids)

No. Vol. Price($)
1 4053 74.5¢
 

Sellers (Offers)

Price($) Vol. No.
76.0¢ 4054 1
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Last trade - 16.10pm 17/09/2024 (20 minute delay) ?
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