EOF 5.26% 9.0¢ ecofibre limited

Yes I totally agree, but we can't blame EOF for the massive sell...

  1. 232 Posts.
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    Yes I totally agree, but we can't blame EOF for the massive sell off. We had the Covid + the US protests impacting the business.
    They still managed year on year growth in revenue and NPAT. I wouldn't be giving up on this gem to invest in banks or supermarkets. biggrin.png

    Over the long term they are doing well. Since listing price is up 55%, so for the people who are long term holders fundamentals still matter.
    You can't really find many companies on the ASX that have consistent high growth. Out of whole index maybe 50 exist.

    But anything can happen to markets and businesses. One of my holdings posted a massive financials results, SP still went down because people took profit from the IPO not because the business is doing bad. I believe the same is for EOF, the people who bought at $1.25 as you mentioned will be taking profits now because they doubled their capital.
 
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9.0¢ 9.0¢ 9.0¢ $10 115

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No. Vol. Price($)
1 117500 8.9¢
 

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Last trade - 13.30pm 29/03/2024 (20 minute delay) ?
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Last updated 15.04pm 29/03/2024 ?
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