EGN engenco limited
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share price to rally

  1. AHVEEW
    288 Posts.
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    22/03/11
    13:21
    Post #: 8146199
    A bit of food for thought

    Prior to the rights issue the sp was $0.19 valuing the company at around $101,000,000. Add to that the $85,000,000 that has been raised via the rights issue giving a total equity of about $185,000,000 and then dividing by the new number of shares on issue that gives a share price of just over $0.16. At current levels the share price looks too cheap.

    Any other thoughts.
    EGN Price at posting: $1.30 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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Currently unlisted public company.

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