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.
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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.
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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
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