EDE 33.3% 0.2¢ eden innovations ltd

US Construction employment

  1. 9,951 Posts.
    lightbulb Created with Sketch. 3715
    FYI:

    https://www.bls.gov/web/empsit/ceshighlights.pdf

    Whilst on the surface, the above US construction employment report may seem to have no relationship at all to EdenCrete, the fact that employment in construction rose by 61,000 in February, compared to an average gain of 41,000 over the prior 3 months, would indicate to me that there will be a substantial pick up in construction over the next 6 months. This pick up is quite likely to be due to construction companies etc. getting ready to finish the huge backlog of projects that they were unable to start due to the recent hurricanes, ongoing flooding and extremely cold weather.

    The following article gives a brief rundown about how cold weather affects the construction industry:

    https://www.nexxt.com/articles/how-cold-weather-affects-the-construction-industry-14139-article.html

    The recent article in The Guardian also clearly shows the impact that the recent extreme weather will have had on the UK construction industry:

    https://www.theguardian.com/uk-news...m-emma-cost-uk-economy-1-billion-pounds-a-day

    IMVHO this years extreme weather in the US is quite likely to be one of the reasons why the GDOT revised down the number of projects involving the use of EdenCrete. Indeed this probably also applies to Valley and the TxDOT with the installation of their precast bridge beams, as well as a number of other potential EdenCrete customers.

    I am sure there will be a scramble to get construction jobs completed before next winter arrives in the US. Therefore the next six months (April-September) have the potential to be very lucrative for EdenCrete.

    MB
    Last edited by MarkyBoy49: 10/03/18
 
watchlist Created with Sketch. Add EDE (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
0.001(33.3%)
Mkt cap ! $7.356M
Open High Low Value Volume
0.2¢ 0.2¢ 0.2¢ $1.598K 1.047M

Buyers (Bids)

No. Vol. Price($)
59 182922007 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 7689812 7
View Market Depth
Last trade - 15.56pm 04/07/2024 (20 minute delay) ?
EDE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.