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Engenco Limited
EGN.AU
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Elphinstone Group Increases Stake in Engenco Limited

Elphinstone Group has increased its stake in Engenco Limited (AU:EGN) to 96.77% from 95.57% following an off-market takeover bid by Elph Investments Pty Ltd. This consolidation of control may influence Engenco's strategic direction and stakeholder interests. Engenco's current market cap is A$96.38M, with an average trading volume of 35,578 and a technical sentiment signal of 'Hold'.

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Elph Investments’ Takeover Bid for Engenco Now Unconditional

Elph Investments Pty Ltd's off-market takeover bid for Engenco Limited is now unconditional, with all defeating conditions removed. The offer aims to acquire all ordinary shares of Engenco and is set to close on June 27, 2025, unless extended or withdrawn. Elph Investments currently holds 91.74% voting power in Engenco, which has a market cap of A$96.38M.

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Elph Investments Extends Takeover Bid for Engenco Limited

Elph Investments Pty Ltd has extended its off-market takeover bid for Engenco Limited (AU:EGN) until 7:00pm on June 27, 2025. This extension allows shareholders more time to consider the unchanged proposal, potentially affecting Engenco's market position and shareholder decisions. Engenco currently has a market cap of A$91.64M and an average trading volume of 94,919 shares.

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Engenco Responds to Elph Investments’ Takeover Bid

Engenco Limited has issued a Target’s Statement in response to Elph Investments’ takeover bid for all issued shares. The Recommending Directors advise shareholders to accept the offer for a premium if they plan to sell soon, but to reject it if they seek long-term value. An Independent Expert’s Report finds the offer reasonable but not fair, valuing shares slightly higher than the offer price. Engenco's current market cap is A$90.06M.

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Engenco Limited: On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?

Engenco Limited (ASX:EGN) is experiencing an uptrend, but its financial outlook appears weak. The stock has declined by 16% over the past year, closing at AU$0.21, and underperformed the ASX All Ordinaries Index by 20.78%. With a market cap of AU$66.32 million and a low EPS of $0.012, concerns about profitability arise. The dividend yield stands at 2.38%, but the total dividend paid was only AU$0.01. Engenco's share price has also underperformed its sector by 45.40%, raising questions about its investment viability.

AInvest·
AInvest·