SKS 0.00% 15.0¢ sks technologies group limited

Energy Developments

  1. 3,567 Posts.
    Just looking for opinions into what people think about this stock at present.

    One big overhang on the stock is the continuing delays of the SWERF project. We haven't had an update from the company since March where they released comments with the half yearly results. They were still looking to complete testing by June but hinted further delays were possible.

    The market has completely discounted the SWERF valuation and ENE is even trading below the valuation for the existing power business. But thats not to say that the price will fall further is SWERF continues to get delayed.

    I was encouraged by the directors buying more shares around the 4.50 mark. But am looking for more news regarding SWERF.

    They have made progress in securing contracts fro SWERF but that means nothing if the process doesn't work.

    All opinions welcome.

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Mkt cap ! $16.19M
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