Environ Group (EGL) and your power to move the market

Hi Pietro,

Environ Group (EGL), for subscribers not familiar with the stock is a relatively small $114mn Sydney based company which specializes in engineering solutions aimed at enhancing environmental outcomes across various industries. We are not overly close to EGL but a 7% downgrade by Bells in November appears to have triggered a 30% pullback, the risk of trading/investing in very illiquid stock, i.e. on Friday by midday the stocks turnover was only $15k!

• Technically we would be neutral towards EGL in the 25-30c region.

In terms of MM buying on selling, the

• We endeavour to send out alerts to subscribers before the market opens and before we commence our portfolio moves, i.e. we do not act before informing subscribers. We are buying/selling over the day, aiming to be inline with market VWAP (Volume Weighted Average Price).
• We avoid stocks such as EGL where we would in all likelihood move the price but by definition all fund managers do come across “slippage” at times buying/selling stocks, but it’s of more significance to short-term traders which we aren’t.

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Environ Group Ltd (EGL)

LAST UPDATED 20/12/2024 12:12

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Environ Group Ltd (EGL)

LAST UPDATED 20/12/2024 12:12