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Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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    View on EGL

    Hi Would appreciate your view on EGL. The stock has had a huge growth this year, but has come off in the last month or so. Is it a buy in this range? Thanks, Liz.

    Answer

    Hi Liz,

    This $100mn is a knew one to MM , having just dropped over 25% on the combination of Trump (anti-ESG names) and a downgrade to 40c PT by Bell Potter – still above Fridays level. We will have to defer to technical thoughts on this one:

    • We are neutral ~28c, the stocks Est 18.7x valuation for FY25 isn’t onerous or cheap.
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