$JSEEOH - EOH: A Value Trap or Punter's Stock?
Little needs to written on EOH's fall from grace.
The once darling of the JSE still struggles with its debt burden corruption legacy issues.
Any EOH buys will be mainly speculative in the short-to-medium term as the company continues its recapitalization.
Technically, the March 2020 bottom at R2,13 still looks like a key bottom.
The positive sign is that the rally to just above R9,00 unfolded in five waves and the correction has been relatively slow and on low volume.
Overall, one needs to keep a close eye on fundamental developments and take a long-term view on this one.
The once darling of the JSE still struggles with its debt burden corruption legacy issues.
Any EOH buys will be mainly speculative in the short-to-medium term as the company continues its recapitalization.
Technically, the March 2020 bottom at R2,13 still looks like a key bottom.
The positive sign is that the rally to just above R9,00 unfolded in five waves and the correction has been relatively slow and on low volume.
Overall, one needs to keep a close eye on fundamental developments and take a long-term view on this one.