EGL up 13% today on light volume, only 9m mc with 37.4 m revenue for FY20 and net assets of 14.3M.
Incredibly low EV, gross margins were up 34.5%, expecting to be much higher for FY21 after the mining revolution in Australia.
They were awarded a 7.7m contract with Siemens that demostrates they are a quality outfit.
Keep on the watch list, appears to be a lower risk play, maybe not a DT, but a ST/MT hold. Looking forward to the next update and hopefully it gets to be valued closer to 30M MC.
