EGL.Environmental Group Ltd

[percy]

The Environmental Group Limited (EGL) is into design, application and servicing of innovative gas and vapor emission control systems, inlet and exhaust systems for gas turbines and engineering services, and innovative water treatment to a wide variety of industries. EGL's business units are all committed to the protection of the environment by improving air quality, reducing carbon emissions, enhancing waste treatment and lifting water quality.
Shares on Issue.373,436,874
Market cap at 26.5 cents is $97,093,587

https://livewiremarketsptyltd.cmail20.com/t/j-l-skihrik-ydtteyktj-j/

From their February presentation out look;
Normalised EBITDA to
increase approximately 45%
this financial year.

Today a very good contract win.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02796728-2A1518218

[Joshuatree]

Int thanks. I scrolled down further and found BDT Bird Dog"
The numbers on the business look crazy at the moment…it’s got a market cap of $11 million and the cash on the balance sheet sits at $21 million – plus $12 million of inventory,” Fergie says.

[percy]

Int thanks. I scrolled down further and found BDT Bird Dog"
The numbers on the business look crazy at the moment…it’s got a market cap of $11 million and the cash on the balance sheet sits at $21 million – plus $12 million of inventory,” Fergie says.

Looks interesting.
Be interesting seeing if they can turn it around from making a loss to a profit.
Wonder what "professional fees impacted by legal proceedings " is all about.?
Of the $5.757 million of deposits on inventory paid in cash to contract manufacturers for future inventory orders as disclosed
within Note 6, $4.219 million is the subject of proceedings issued by the Company in the Federal District Court in the State
of California against the Company’s original camera contract manufacturer, as announced to the market on 8 November
2023. The Group has initiated legal proceedings for the return of these outstanding deposits on inventory plus damages for
the disruption to the supply chain. Further, in an updated announcement on 29 January 2024, the counter-party has issued
counter proceedings against the Group in the Federal Court of Australia in the State of Victoria.