· We believe that the water/wastewater business plus cash in bank have
a combined value of $0.40 per share. Clearly, the market is not valuing
future EnersludgeTM revenue at all, and is discounting the value of the
water/wastewater business because of the costs of marketing
EnersludgeTM.
· The "blue sky" of ESI derives from EnersludgeTM revenue, . As this
revenue becomes closer to being realised, we will review our
recommendation but at the present time, we recommend ESI as a Hold.
Once EnersludgeTM revenue begins to flow in, the company should be
re-rated closer to our estimated long term value of $0.70 per share
ESI...Hartley's report
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| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 48 | 118499776 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 75080156 | 14 |
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| Last trade - 11.54am 12/11/2019 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.1¢ | 0.1¢ | 0.1¢ | 1550000 | ||
| Last updated 11.30am 12/11/2019 (live) ? | |||||
| ECT (ASX) Chart |
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