Thanks mutt, your reasoning sounds positive to say the...

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AHVEEW

288 Posts.

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24/01/20

14:27

Post #: 42558965
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Originally posted by mutt: ↑

Noted AHVEEW. EGN should be well placed to deliver solid 6 months financial results to 31 Dec 2019 (profits and cash generation) with I'd suggest significant cash reserves and franking credits as at 31 Dec 2019.

Not expecting Board to recommence interim dividend payments and certainly the major shareholder Elph Group may not be pushing for introduction of interim dividend policy as i'd expect its core yellow goods businesses in N-W Tasmania are doing well. IMO the short to medium term Outlook for EGN is that it is well placed for increased share of Aust Navy Collins Class submarine fleet maintenance contracts plus also rail maintenance revenues and order books may surprise to upside. Thought the EGN board may come out next week in the traditional "confession season" with a surprise on the positive rather than negative especially given the 30% share price uplift over past 2-3 months and some Elph entities on-market purchases. Top 20 shareholders hold greater than 90% control of register. Awaiting ASX announcements and trading update with optimism. Good luck for 2020.

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Thanks mutt, your reasoning sounds positive to say the least.
I've been a holder since Coote days and I've always felt good about the long term viability since the name and board changes.
An interim dividend would be nice but i think you are right in regard to this.
I've tried to find a list of top 20 share holders but haven't been able to locate same. Is there a web site that you could recommend?
Good luck to you
Cheers
Ahveew

EGN Price at posting: 65.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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Thanks mutt, your reasoning sounds positive to say the...

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