The fundamentals haven't changed over the last year. We saw relentless downward close of day trades over this period driving the share price down to multi-year lows. The twelve month chart hatmotit posted doesn't really give us enough info for a price prediction. I bought EMC way back, the conversion to FLC was at 84c. Who remembers the promise of global sales opportunities with an untested product which prompted so many to buy in back then?
We now have proof of concept, repeat sales and full order books, plus a new management focus on off the shelf simply scaled solutions, cost reduction and water as a service annuity income streams.
The last week we seem to have an inversion of the daily trading behaviour, closing on daily highs. 17.5c is certainly not anything to get excited about, however if the price trend is up on the same news which sent us consistently down for the last year I will be happy.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)