ERG 0.00% 2.7¢ eneco refresh ltd

The most important word on the chart ERG bold type

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    Date Trend Support Resistance Target Action
    26-05-2002 Down 22c; 30c; 46c; 52c N/A N/A
    ERG is in a trading range between 22-29c. A base pattern (extended range trading)needs to form before confidence can be gained that ERG has made an important low (26-05-2002)
    ERG has broken to new lows. A failure to get back above 46c would indicate further weakness.(28-01-2002)
    ERG looks like its is forming a base pattern. Retest of 50c area is possible.(10-11-2001)
    Prepared by Chris Christidis, authorised representative of F W Holst & Co Pty Ltd (03 9282 8111)
    Analytical Summary ERG Limited reported a 7% increase in net profit in 1H01 on revenue of $184 million (an increase of 4%). EBIT increased 40% to $22.6 million, together with EBITDA increased by 39% to $31.3 million. The revenue from the fare collection activities increased by 8% to $126 million. Cash flow from operations has greatly improved with the Group generating positive operating cash flow of $40 million compared to $3 million in the corresponding half. Earnings per share increased by 7% to 2.5 cents per share. Cash at bank increased to $170 million.
    The group has investment in new projects in Manchester, Rome, San Francisco and Singapore during the period. The R&D expense of $44.1 million was significantly higher (represents 24% of revenues) in the first half. It has have made a significant investment in R&D during the period to support its push into the broader multi-application smart card market. The management is confident that this investment will increase recurring revenue for the Group. In February 2001, Motorla has announced that it will dispose of its ordinary shareholding in ERG. The transaction is expected to contribute significantly to earnings per share and provide the Group with additional flexibility to conclude important transactions it is negotiating internationally. The recent price weakness can be seen as an over reaction of the market and as a result of short-term oversupply of stocks. ERG is already a very different company to the time when it entered an alliance with Motorola, now as a world leader in the industry, it should be able to operate on its own.

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Mkt cap ! $7.353M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 22408 2.6¢

Sellers (Offers)

Price($) Vol. No.
4.5¢ 6000 1
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Last trade - 16.12pm 27/05/2022 (20 minute delay) ?
ERG (ASX) Chart
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