Thanks to previous management this company has a lot of fat to be cut out. Previous shareholders have unfortunately paid the price, but anyone buying in the last 3 months has bought into a progressively de-risked company at bargain basement prices.
Every analyst and the market itself is showing that this industry will consolidate. The most expensive will buy the cheapest. So not many guesses required to know what will happen within 12 months to ECX. Currently trading at a large discount to peers which should close once some of the businesses are sold off and the business is simplified.
Outside all of that, we are at close to low point in business cycle with interest rate and tax cuts stimulus coming.
ECX General Discussion, page-2
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Last
$3.58 |
Change
0.080(2.29%) |
Mkt cap ! $872.7M | |||
| Open | High | Low | Value | Volume |
| $3.59 | $3.60 | $3.55 | $1.000M | 279.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 482 | $3.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.58 | 2318 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FPR (ASX) Chart |