ECS

3.23%

1.5¢ ecs botanics holdings ltd

ECS Price Action, page-734

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abediamond

1,003 Posts.

173

30/06/22

13:49

Post #: 62296538
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Originally posted by amb005: ↑

Yeah Im very hesitant, given I have been wrong buying the whole way down here. Basically every price level thats looked safe to buy at, with thick bids has been sold through. I was happy to see that even though new all time low was hit yesterday it did not trigger stops, I thought maybe some stops would be set to go if new lows were hit , but tiny volume went into 1.4, and nobody else sold.

At a market cap of $15 mill, average cash burn of 1.08 mill a quarter this last year, 4.8 mill in bank as of last quarterly. So ECS should have around 3.8 mill of cash in the next quarterly which we will get end of July and if they manage to sell the Tas site in the mean time which should be adding 4-7 mill more to that, depending on what we get in that range, but should be somewhere in that vicinity.

So really at this point, the whole entity is only valued at 5 mill over cash, seems super cheap for a cashflow positive business thats expanding. Then factor into that you had a director just making an on market purchase at higher levels than we are trading now, probably the biggest director purchase we have seen, and EOFY would have cause a little extra sell supply than normal, thought I would take the punt.

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Is the business expanding though? I thought they were consolidating?

ECS Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.5¢		Change -0.001(3.23%)		Mkt cap ! $19.32M

Open	High	Low	Value	Volume
1.6¢	1.6¢	1.5¢	$42.77K	2.848M

Buyers (Bids)

No.	Vol.	Price($)
17	3521497	1.4¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	56483	1

View Market Depth

No.	Vol.	Price($)
16	3492926	0.014
6	1264357	0.013
6	1952500	0.012
2	1225000	0.011
2	1650000	0.010

Price($)	Vol.	No.
0.015	56483	1
0.016	1369968	3
0.017	721685	3
0.018	627945	5
0.019	879853	7

Last trade - 16.10pm 02/08/2024 (20 minute delay)

ECS (ASX) Chart

ECS Price Action, page-734

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

GreenX picks up prospective copper project in Germany

Westgold sets its sights on top five producer status through merger with Karora

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Is oil undervalued?

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Cost blow-out for Rook I uranium project sees share plummet for NexGen

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Buyers (Bids)

Sellers (Offers)

Featured News

ECS Price Action, page-734

Top Stories

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

GreenX picks up prospective copper project in Germany

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Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

Is oil undervalued?

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News