I bought into the EP1 (then ED1) IPO back in 2018 like many others. The offer price was $2.50 inferring a market capitalisation of $535M according to the prospectus . Dixon clients were generously guaranteed a $20,000 allocation. Move on to 2019 when “the troubles” became evident - the share price sank, and still being a bit of a believer, I bought a further 30,000 shares at $0.78.
Over the past 2 years I’ve often wondered what knowledge Evans Dixon had of the headwinds at the time of the IPO and whether there was impropriety involved.
It now appears that the financial penalties are behind ED1 and that they were relatively small. Today’s share price of $0.65 gives a market cap of $152M. Does the drying up of fees from the likes of URF and NEW plus the reputational damage done fully explain a price implosion from $2.50 to $0.65? Or, might there never have been a case for value at $2.50?
- Forums
- ASX - By Stock
- EP1
- News: EP1 E&P Financial Group's Unit Signs Conditional Heads Of Agreement With ASIC To Settle...
News: EP1 E&P Financial Group's Unit Signs Conditional Heads Of Agreement With ASIC To Settle..., page-6
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EP1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
48.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $115.2M |
Open | High | Low | Value | Volume |
49.0¢ | 49.0¢ | 48.5¢ | $78.41K | 161.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 187065 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.0¢ | 20703 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 129373 | 0.485 |
2 | 51250 | 0.480 |
1 | 6250 | 0.475 |
1 | 25000 | 0.465 |
1 | 30000 | 0.460 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 20703 | 1 |
0.495 | 87938 | 2 |
0.500 | 50511 | 5 |
0.505 | 270000 | 2 |
0.510 | 31905 | 2 |
Last trade - 14.47pm 04/10/2024 (20 minute delay) ? |
Featured News
EP1 (ASX) Chart |