Todays 'Market Update' appears consistent with my forecast (see above). I was disappoint that the company did not specify the range for 2019 given that May is nearly over and only June remains. They obviously held a Board Meeting yesterday and would know exact profit to April 30, so why the opacity by simply saying...
(source: EGL: Appointment of Managing Director and Market update. 21.05.19)
"Below 2018"...what is that. 2018 saw a profit of $1.5 million. so a loss would be below, $1 would be below. Surely the ASX should queried this degree of opacity.
Yesterday the stock was 5 cents bid.
Here is the market today...
EGL Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)