EDE - Eden Innovations

[peter2]

"Had a divergence for dinner..." I like it, the comment, NOT the company or the chart.

What about a triple divergence if it appears?

 

[jbocker]

Announcements made last week have left this companys' price in a mess and further decline since.
https://www.asx.com.au/asxpdf/20190523/pdf/4459hyf0fbgftz.pdf
So where are the sales in the US? It has been quiet for a while now.

 

[basilio]

Still falling like a brick. Last couple of weeks have seen sharp falls. Currently.028. Was .048 barely 2 weeks ago.

And this is now producing and selling a you bewt product product.
Nah . It's just handy little earner for Solomon brothers..

 

[jbocker]

If only they could sign up a contract to put edencrete into the great wall of Trump along the US Mexico border.

 

[jbocker]

Bit of good news out of Eden Energy at last. Sales Increases in US, reinterest in Korea, European countries and India showing interest. Lets hope they keep the ball rolling.
https://www.asx.com.au/asxpdf/20190613/pdf/445td4lbgxz44j.pdf

 

[jbocker]

Up 70+%. The news has struck a chord it seems.

 

[barney]

Up 70+%. The news has struck a chord it seems.

Unbelievable …… every traders dream

 

[jbocker]

A nice spike towards end of last month. Going on some past 'spikes' I am punting on it being volatile for the next month especially if they announce some more good news. Yet to prove that case though.
My competition pick for July.

 

[basilio]

Really, really wonder about the news and the market response. IMO there is no substantial sales results. There are certainly no sales figures.

And yet the SP surges ?

My guess is strong friendly buying to create more interest in the stock and, knowing EDE, underpin another capital raising.

 

[jbocker]

No surge today. Yet. I think the price in the competition thread is wrong currently if that is where you are seeing the surge Basilio?

 

[basilio]

No surge today. Yet. I think the price in the competition thread is wrong currently if that is where you are seeing the surge Basilio?

I was referring to the price surges in the last week They have since drifted lower.
I have a fundamental problem with Edencrete. It is a great product but I just cannot see how sales in Edencrete will be sufficient to pay for the investment and the management. It should be part of a larger range of products and contributing a share of the returns.

As I have noted previously. I have never seen an analysis from the company which spells out how much product they need to sell to make a clear return over the current costs of production and sales staff. And interestingly I don't know if any independent analyst has taken them to task for this lack of transparency.

Obviously people can make money trading in EDE. But as a long term business ? Maybe a takeover offer.

 

[jbocker]

Edencrete: Indian Marketing Launched.
In their announcement they state there is strong market interest, strong economic drivers and a very large potential market.

https://www.asx.com.au/asxpdf/20190705/pdf/446f13kz7b1v9t.pdf

 

[basilio]

Edencrete: Indian Marketing Launched.
In their announcement they state there is strong market interest, strong economic drivers and a very large potential market.

https://www.asx.com.au/asxpdf/20190705/pdf/446f13kz7b1v9t.pdf

It is a big exciting market. But again this is an additive to a relatively low cost product.
Still no offer of what sales volumes would be required to cover marketing and production costs let alone management.

 

[jbocker]

https://www.asx.com.au/asxpdf/20190711/pdf/446k0p0n4jlmgk.pdf

Eden Innovations Ltd (ASX:EDE) (Eden) has received, and dispatched, the first order for EdenCrete® products from its Australian and New Zealand distributor, Parchem Construction Supplies Pty Ltd

Parchem are quoted their infrastructure focus is on bridges, tunnels, maritime, rail, airports, and roads. I wonder if anyone is looking at supplementing concrete used in building construction, considering the events of Opal and Mascot Towers recently. However their problems are probably certain to be far beyond any concrete issues.

 

[tech/a]

Got a little position in this one as well

 

[jbocker]

CRIPES Just saw the second announcement made later in the day.
https://www.asx.com.au/asxpdf/20190711/pdf/446k6mwmlvcyj7.pdf

EDENCRETE® and EDENCRETE® Pz BOTH APPROVED BY NTPEP - OPENS WAY FOR APPROVAL FOR USE BY ALL US STATE DOTS

Previously there were several states Dept of Transport (DOT) that had given approval to use Edencrete, I take it this has opened the big doors for all states approval (including major federal road infrastructure). Adding to this the Pz concrete is also approved and had not yet had any state approvals.

I guess now Eden can talk to other interested countries pointing at these resultant US approvals.

 

[basilio]

Well done !! What a spurt. Certainly some dollars on the table for the astute punters on ASF.
I wonder if these pieces of news and the steep SP rises are a signal for another capital raising ?
On the history of the company I can't see any evidence of actual sales financing current costs and in particular the management costs.

Go for it!!

 

[basilio]

Ede is certainly powering on this morning. Objectively I just can't see how the announcements should affect the current value of the shares. They are very encouraging but ultimately depend on substantial market sales of Edencrete to just keep the current structure afloat. And that is a fair way out as far as I can see.

Honestly I believe I smell another capital raising while the news is fresh and the price is high...

 

[tech/a]

Banked it at .065

 

[tech/a]

Bought it back and a few more at .065