Makes my decision to double my holding at $2.82 a pretty good one. Whilst I thought it was a gutsy move at the time (I have a reasonably large holding in EML) my decision was based on the risk/reward.
Risk was the chance of the Irish regulators closing the local business down which I believe was a low risk. A company can handle a large fine and that probability was high.
Add the confidence I have in the EML management and my decision was made. I did have one eye closed when I pressed the buy button however.
Morningstar has a fair value at $4.51 by the way which was updated on June 7.
Ann: Investor Briefing and Q3 FY21 Trading Update, page-28
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Last
99.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $371.1M | |||
| Open | High | Low | Value | Volume |
| 99.5¢ | $1.01 | 97.5¢ | $1.477M | 1.497M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12170 | 98.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.5¢ | 23200 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
99.0¢ |
Change
0.000 ( 0.32 %) |
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| Open | High | Low | Volume | ||
| 98.5¢ | 99.5¢ | 97.5¢ | 212039 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| EML (ASX) Chart |