That question is one which pushed me out of the stock. The other important question is, where's the share buy back that was announced? Until all this regulatory mess settles and more transparency emerges, the price will continue to decay. There's a real possibility of the 30s now, especially if there's another negative announcement. On a positive note, the Thai Central Bank has announced that it will begin to remove 50% of its banknotes and coins from circulation in 2024 as electronic payments begin to become the dominant transaction method. India is already moving in that direction. It also aids in shrinking the black economy. Global banks are already shifting towards electronic payments. EML should really be exploiting this space. Rather, they're sitting around looking for leprechauns at the ends of rainbows. I said this two weeks ago: the chart at present is not indicating a reversal. The overall trend is still very much down.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)