EDE - Eden Innovations

[pixel]

Obviously sentiment can still drive the share price higher...

... and that's precisely where T/A comes in: It shows fully-integrated Market sentiment and suggests the odds of imminent price direction. In addition, I glean an idea of likely support and resistance levels to help secure a profit and/or minimise a loss.

Once the gap was closed yesterday, and support became evident, I bought a position, in spite of EOFY concerns and all that Jazz.
Obvious resistance on top of Darvas Box - and I'm off again with a profit.
Now I have a bid sitting at 20c, but will also consider buying up should the 24c resistance level be broken with conviction.

 

[basilio]

At least the news that Georgia will be using Edencrete products for all repairs starts the ball rolling in terms of significant commercial use. You can bet that the sales reps will be al over the repair jobs in terms of final costings and life of repair. This will be invaluable in terms of proving the case for other States to specify the product.

It will be interesting to see how much the sales contribute to cash flow. I can't get a clear idea from the information given. In fact it really is a prospective statement because Georgia doesn't know how big their repair jobs will be.

 

[Gringotts Bank]

Prob due for a move up.

 

[pixel]

yesterday's candle promised a bottom reversal, especially as it also closed the gap between June 29th and 30th. Today's trades are proving the point: As long as the sp remains above yesterday's Close, I'll take the reversal as confirmed.

 

[basilio]

Eden SP has collapsed to 13.5c. It seems to have been in steady decline for a month or so. Anyone have any thoughts on why ?

 

[greggles]

Eden SP has collapsed to 13.5c. It seems to have been in steady decline for a month or so. Anyone have any thoughts on why ?

Capital raising on the horizon?

 

[basilio]

Something is happening here... SP has jumped 3c ( 26%) to 14.5c today.
As usual no announcements. Just some strong buying which may be self fulfilling.

So far no capital raising. Perhaps a decent order has come through ?

 

[basilio]

Finished today at 16c up almost 40%. Strong volumeNo announcements. No questions from exchange.

Be interesting to see what sparked this run...

 

[greggles]

EDE finished on its highs. More than 11 million shares were traded and its share price increased 39.13%.

IMO there is an almost 100% probability of a speeding ticket from the ASX or an announcement tomorrow. Or both.

 

[basilio]

ASIC sent the letter. Eden responded. Apparently nothing new to report but they did pull together all the announcements of the past few months to show that big things should/could be expected starting in January.

Pre market quotes suggest there is still plenty of interest. Opening price atthis stage is 17.5c

 

[basilio]

More news coming out of EDE but nothing really spectacular.

Another State has approved Edencrete for use and apparently the Directors are busy turning options into shares.

Another surge today to 17.5c. Perhaps finally going somewhere ? Can't forget that these shares were around the 25-30c mark a few months ago and that a couple of years ago "the talk" was that there would be a 70-80c per share takeover bid on the strength of their Edencrete potential.

 

[PZ99]

The proposed capital raising that Eden Innovations Ltd ("Eden") was arranging through placements to a number of US and Australian institutions has been temporarily postponed. Eden had been seeking to raise at least $6,000,000 by issuing new fully paid ordinary shares at an issue price of $0.12 per share (being a 20% discount to the Company’s closing share price on 31 January 2018).

However, the renewed extreme volatility in the global financial markets on Thursday 8 February and in Australia on 9 February, resulted in Eden deciding to defer the capital raising until the market stabilises, which is hoped will occur in the near future and in the meantime Eden will continue business as usual.

No surprise to see the pre open at 12c > 20% down. Think I'll be bidding at 11c

 

[pixel]

The proposed capital raising that Eden Innovations Ltd ("Eden") was arranging through placements to a number of US and Australian institutions has been temporarily postponed. Eden had been seeking to raise at least $6,000,000 by issuing new fully paid ordinary shares at an issue price of $0.12 per share (being a 20% discount to the Company’s closing share price on 31 January 2018).

However, the renewed extreme volatility in the global financial markets on Thursday 8 February and in Australia on 9 February, resulted in Eden deciding to defer the capital raising until the market stabilises, which is hoped will occur in the near future and in the meantime Eden will continue business as usual.

No surprise to see the pre open at 12c > 20% down. Think I'll be bidding at 11c

Hope you got your 11c. With any luck, you could have caught a double bottom.
But the Solomons better pull their socks up and close some decent sales, rather than tapping holders for ever more cash to pay their Director Fees

 

[basilio]

Really falling away at the moment. Down to 7.7c . Just looks as if the Solomon brothers are milking this cow for all it's worth and then leaving a dried out carcass.
And this is a company with a truly brilliant product. Damn..

 

[basilio]

Still falling into an abyss. Currently under 7c. They have just appointed a couple of "hot shot" US directors to the Board to fire up sales of Eden Crete. After a little jump up it looks as if sentiment is taking Eden down again.

Anyone have any ideas/thoughts on it's progress ?

 

[basilio]

I think there are some serious exits happening from Eden. In the last couple of weeks there have been two quite big sell offs which have depressed the SP to 6.4c at the moment.

For all the stories spun by the Solomon brothers, Eden just keeps looking like a cash cow they relentlessly milk for fees at every opportunity. I just can't see another share raising being successfull so unless it actually starts to pay its way I think Eden will be a dead duck.

 

[basilio]

The zombies are moving..! Almost 7 million shares traded today pushing the SP up 20% (Yeah all of 1.3c)

What will it be now ? Another pre announcement jump followed by a post announcement collapse? A little self sustaining surge that will bring in fresh blood and allow current desperates a chance to offload their stock at 20% more than they were expecting ? Or a preliminary to yet-another-stock sale to more incredulous sophisticated investors?

Taking bets..

(Cheers Pixel.. Much missed.)

 

[peter2]

Noticed EDE today also (hard to miss).
I know nothing about the mgt team but it's got to be difficult to sell something that takes years to prove itself. As a chart trader I'll wait until there's a bullish chart setup and that won't happen until there's increased sales as the GDOT realise that Edencrete really is better than normal concrete.

(Also noticed bullish movement in LOM and CZZ other pixel fav's.)

 

[basilio]

All back to normal..It was just a BS push to allow some people to exit with a few bucks more than they might have.

I feel really xissed off with Eden. Edencrete is apparently a great product. Truly a game changer in construction. But this management has only ever had eyes for extracting it's dollars and stuff the product and the investors.

Perhaps it will get to the stage when a forced sale enables a new owner to truly make this fly.

 

[greggles]

Eden Innovations heading north on solid volume this morning after news that it has signed an agreement with KC Industry Co., Ltd., a leading Korean precast concrete manufacturer, to jointly develop EdenCrete enriched concrete mix designs for its use in Korea.

EDE has had a very difficult 12 months with its share price having fallen from 25.5c to a low of 5.5c. I'd be looking for a break on good volume above resistance at 8c before even thinking of getting involved here, but it's good to see some positive news coming through at last.