EN1 0.00% 3.8¢ engage:bdr limited

Looking at the EN1 chart since IPO... - starts high - continual...

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    Looking at the EN1 chart since IPO...
    - starts high
    - continual drop into Jan 2019
    - bobs up and down a bit till now
    Whilst today's price is quite a bit higher than the low - for me it is still in its low zone
    This chart is very common with new tech - check SE1, SYT...
    Why does this happen?
    1) first flush is a speculative hype - as punters dream big
    2) reality strikes - it becomes increasingly obvious stability, growth, profits are a long way off
    3) mass dumping - as people get out to chase another shiny object
    4) In EN1's case there were issues with early key institutional investors
    Where are we now?
    At the bottom
    • You either think this will continue lower
    • Will hover here for a while
    • Or be ready for turnaround and progress back up
    As has been said many times this looks likes a turnaround story - better finances / adcel acquisition / more integrations / ...
    As also said - all companies experience setbacks, delays, stuff-ups - so things will always be a bit bumpy...
    Bring on next month for more evidence / insights
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