Why The Eroad Share Price Is Falling Today (ASX: ERD)
On the 18th of June this year, A Rich Life published an article asking: “Is EROAD (ASX/NZX: ERD) on the road to recovery following FY25 results?” A few days later Luke Winchester talked about a potential recovery for Eroad shares on the ASX Small Cap Wrap. At that time, the Eroad share price was under $1.50.
Subsequently, I did personally buy some Eroad shares at an average price of about $1.42 in early August.
Since then, the Eroad turnaround story has hit mainstream media. For example, on October 6 AFR scribe Gus McCubbing noted “small-cap specialist” Andrew Peros had offered Eroad shares as an “off the radar stock tip” and that Peros was “betting that EROAD will benefit from the federal…
