The Environmental Group Limited

ASX:EGL

The Environmental Group Limited

ASX:EGL
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$0.089 (+1.1%)
Last close price
#295
Rank
8
Held by
53
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Reports (6) My Report Forum Investors
Forum Topics EGL EGL Trading Halt

Pinned straw:
Goldfish
Added a month ago

Trading halt until Friday, "requested pending the release of an announcement regarding a trading update on the Company’s earnings guidance"

I was about to sell this. Lost conviction

Unfortunately, I can't imagine that it takes a 2 day trading halt to work out how much to upgrade earnings guidance
Goldfish
Added a month ago

Unfortunately, as expected it's a downgrade

Much of it is factors beyond their control to be fair

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13
Slideup
Added a month ago

The sell signal was a while back when they said they were implementing a new ERP, I don't think I have ever seen one be implemented that went smoothly and they can quickly become a money sink, especially for small companies. Not only that they become a big distraction that takes the eyes of the other balls, like the fuel cost overruns.

15
ApplePark
Added a month ago

ERP *shudders*

Its always so alluring, 'we have x number of ERP systems, if we just consolidated.....'.

I don't know what the answer is but I'd agree that however companies usually go about this sucks.

I guess for investing, its an aspect of acquisitions in certain industries to watch out for and scrutinise management over? E.g. Bapcor made numerous acquisitions. Is in an industry where good ERP matters, but you end up with so many (48?!). Amongst many issues, one of them still is inefficient inventory management.

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