Echo Entertainment (EGP) looks very interesting here
Michael Gable
Fairmont Equities
Echo Entertainment (EGP) looks very interesting here. This is why. 1. Positive trading for the March quarter saw revenues up 13.2%. 2. Matt Bekier joins EGP as CEO/MD and provides the company with stability to implement a turnaround strategy. 3. Lock out laws in NSW adds to non-gaming revenue growth at The Star casino. 4. Lower capital expenditure means higher cash generation as refurbishment projects start rolling off. 5. The charts show a breakout from a base, with positive momentum as measured by the RSI. As long as it doesn't break into the base, it should head to the first stop which is resistance at $3, and then major resistance at $3.40. When we combine the fundamentals and technicals, we uncover new opportunities.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian Financial Review, and Sky News Business.
Fairmont Equities provides portfolio management services and also produces weekly investment and trading ideas.
Sign up to our weekly newsletter containing stock tips and educational articles. Head to www.fairmontequities.com and leave your email to sign up now.
Michael Gable
Managing Director
Fairmont Equities
Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...
Expertise
No areas of expertise
Michael Gable
Managing Director
Fairmont Equities
Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment