ENE is in big demand at these prices but the trouble is that the big holders cant get a big stake without pushing the price higher. The two large holders would love to take over the company below their entry price but that aint going to happen.
In my opinion $3-$4 is very likely within 6 months. Expect further contracts for the core business and developments around SWERF. An outside bid is possible but can be easily blocked at the moment (hence would need a $4+ bid).
I continue to hold my shares and don't have any problem sleeping at night... the pressure is firmly on the upside with ENE.
Cheers,
Munch.
P.S. Note the buying comes in waves... I expect continued large buying on the dips.
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Last
40.0¢ |
Change
0.010(2.56%) |
Mkt cap ! $43.92M |
Open | High | Low | Value | Volume |
39.0¢ | 40.0¢ | 39.0¢ | $78.48K | 198.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 25102 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.0¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 25102 | 0.400 |
2 | 2000 | 0.390 |
2 | 14492 | 0.370 |
1 | 34000 | 0.360 |
1 | 48229 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.410 | 100000 | 1 |
0.420 | 100000 | 1 |
0.480 | 16000 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 13.05pm 29/03/2024 (20 minute delay) ? |
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SKS (ASX) Chart |