This is one stock which will kick goals this financial year. I expect the share price to increase by at least 200% over the next 8 months based purely on the company's profit forecast for 2007. Currently, the share price is trading at 10.5c (market cap is approximately $10.5M).
Only 100M shares on issue so it wouldnt be a difficult task to achieve 30c+ over the next 8 months.
The company has flagged that it expects to make significant profits this year (roughly $2M according to my estimates) compared to last year ($380K).
Worth checking annual report which was released today.
Definitely worth researching.
Also worth noting that a director recently purchased $500K worth of shares.
EGL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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