Pinned straw:
13-May-2024: EGL-Secures-New-National-Distribution-Agreement.PDF
Bottom left to top right. Tick.
Solid company, good management, profitable, growing, small enough to be underappreciated and underpriced by the market. Tick.
Disclosure: I hold EGL shares both here and in my largest real money portfolio.
Their website: Home - The Environmental Group Limited
Their website has had an overdue makeover. Not bad.
Strawman
I agree @Bear77 -- there's a lot the company has going for it.
Their CEO Jason Dixon will be joining us next Monday for a chat.
Bear77
Good to know @Strawman - I'll be tuning in to that one. Have a look at this one-year chart:
It's choppy, but that's a consistent northeast sloping channel; they're only 1 cent away from their 29 cps 12-month high, which they should overtake within the next few days or weeks, and imagine what they could do with another decent report in August. They were so cheap - below 3 cps in 2020, just 4 years ago, but that was under different management; they have new management now and it's making a hell of a positive difference. The EGL buy zone for me was below and around that 20 cps level that they regularly traded at for just over a year from June '22 to July '23, and that's AFTER Jason and Paul came over and joined the company (Jason as CEO, Paul as National Sales Manager). Looking forward to Monday.