Investor Wag Informal Investment Insights

Dodging bullets

From a post made on 20th February 2013

Ecosave (ASX:ECV) – $1.39
Lumpy. From an outsider it looks as though there is a possibility of missing the bullish prospectus forecasts. Have since decided to watch from the sidelines.

Looks like I wasn't too far off with Ecosave (ASX:ECV) making an announcement today after market close.

In the Company’s Initial Public Offering prospectus, Ecosave gave a FY2013 forecast of net profit after tax from operations of $3 million. The company now expects to report a net profit after tax from operations in the range of $1.6 million to $2 million1 for the FY2013 period.

Lucky to have dodged a bullet.

ECV last traded at $1.61