Overall market is down, not really unexpected.
While I have a lot of faith in EML, I do think it's still a touch overvalued.
There's a lot of future growth priced in here, so if we fail to reach that growth then things can go south quite quickly.
Looking back, the last price sensitive announcement of note was the PFS acquisition more than 3 months ago,
and the previous contract of note (yet not terribly exciting) was NSW health being 6months ago.
No doubt there's a ton of potential here, but the slow down of news doesn't help confidence.
Money in the bank, a huge new acquisition, new US based director targeting gaming and banking, wirecard down, I know i'm a bit impatient but it would be great to see something mature from all this potential in the near term.
EML $5 Party :-), page-139
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Last
66.0¢ |
Change
-0.005(0.75%) |
Mkt cap ! $249.6M | |||
| Open | High | Low | Value | Volume |
| 67.5¢ | 68.0¢ | 66.0¢ | $400.7K | 600.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 164252 | 66.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 67.0¢ | 95852 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| EML (ASX) Chart |