Investors looking for a speculative investment that could deliver outsized gains over the next few years should consider allocating capital to EOH at these levels. You have a massive margin of safety, the NAV (including goodwill and trademarks etc.) was R53.20 per share in FY 2018.
Its market cap is currently just under R3.2 billion, normalized revenue was in excess of R16 billion, normalized EBITDA of R1,77 billion and normalized operating profit of R1.18 billion.
The new CEO Stephen van Coller should deliver on his turn around strategy and streamline the business. A trading statement should be released in the next week or so to update the market on earnings and profits for the interim period to January 2019.
Risk averse investors should try buy dips below R17.00, while long term investors, happy to ride out share price volatility, should buy at market.
Buy EOH below R18.50 for long term growth.
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Economic data releases of interest…
• Tuesday: RBA Rate Statement (AUS); BOE Gov Carney Speaks (UK)
• Wednesday: Trade Balance, BOC Rate Statement, Overnight Rate (CAN); RBA Gov Lowe Speaks, GDP (AUS)
• Thursday: Main Refinancing Rate, ECB Press Conference (EU); Retail Sales (AUS)
• Friday: Fed Chair Powell Speaks, Unemployment Rate, Non-Farm Employment Change (USA); Unemployment Rate (CAN) •
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