Have held EPD since before the float and took part in the IPO too. They will probably remain weak in the absence of any significant news and while some of the longer term holders take the opportunity to offload stock in the secondary market that is now availbale to them.
Hopefully their half-yearly results will be reasonably positive and confirm they are cheap relative to other stocks in the sector e.g. ASZ. A recent analysis by Sydney based Exton has a price target on EPD of 49c, which would appear reasonable given their current earnings and pipeline.
I understand EPD are planning an eastern states roadshow in January that will hopefully help raise their profile from the current low base.
Cheers
Spec
EPD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
