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can/will EAL heydays return??, page-29

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15,811 Posts.

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29/05/15

21:16

Post #: 15380184
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Originally posted by MikeMennell ↑

Who can forget when 24 months ago EAL suddenly took-off after bumbling along in 16-17c range for several months. SP just kept rising and within 7 months hit 70c. Divs appeared, outlook was buoyish and with CSG arriving everything looked rosy. But SP has stumbled after hitting 77c just 8 months ago. Last 5 weeks been particularly weak. Haven't been any profit warnings and Mkt expecting a 2.75c div in August. Will EAL deliver or is SP telling us something is amiss?

I especially like EAL's tarpaulin business in CSG sector. Lots of drill sites need lots of dam liners. But wind towers may have a ltd future and margins in most MS sectors being squeezed to the bone.
Not a bad small-cap but still too risky for my current risk-adverse strategy. Anyone buying in mid-50's? Perhaps selling is due to yr end factors? Not too long to find out.

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Those were the days my friend.... we thought they'd never end.

EAL Price at posting: 20.0¢ Sentiment: None Disclosure: Not Held
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