.I would have thought that this "Market Update" was inadequate in relation to the earnings outlook.
Here is what was said regarding this years earnings and next years earning in the announcement yesterday.
As outlined at the November AGM and half year, the full year results are expected to be below the 2018 levels, with a return to significantly higher levels expected in 2020
(source: EGL: Appointment of Managing Director and Market update. 21.05.19)
What does that mean...without some clarity it looks like the market is trading in uninformed.
Hopefully the ASX will seek further clarification.
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Last
27.5¢ |
Change
0.010(3.77%) |
Mkt cap ! $104.6M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 28.0¢ | 26.5¢ | $45.78K | 168.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 54438 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 53682 | 7 |
View Market Depth
| Last trade - 13.46pm 17/06/2025 (20 minute delay) ? |
| EGL (ASX) Chart |