EAX 0.00% 27.0¢ energy action limited

great acquisiting, page-37

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    WAM is a listed investment company. I posted an extract from a slide at their AGM on 28 Nov.

    I regard EAX as fairly valued for the time being based on currently known information.. My price original price target at the release of the FY3 results, as posted on Oct, was $3.20 (PE 15 x 21.5eps). We are pretty much there already.

    I have reduced my holding for the time being although it could push a bit higher. It could also have a healthy pullback.
 
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