Flanigan's 15min chart: MACD Death Cross, RSI Overbought, Bollinger Bands Narrowing.

At Flanigan's, the 15-minute chart has recently triggered a MACD Death Cross, an RSI Overbought reading, and Bollinger Bands that have narrowed significantly. This suggests that the stock price has the potential to continue declining, as it has risen too rapidly and exceeds the fundamental support level. Furthermore, the magnitude of the stock price fluctuations has decreased, indicating a potential consolidation of the stock's value.

ESGL Holdings Limited (NASDAQ: ESGL), a Singapore-based environmental technology leader, has been making significant strides in both its operational and strategic fronts. The company, known for its innovative solutions in industrial waste transformation, has recently filed a patent application for a transformative hydrofluoric waste recycling innovation [1]. This technology, developed by Environmental Solutions Asia Pte Ltd (ESA), converts hazardous hydrofluoric acid waste into Metallurgical-Grade Fluorspar, significantly reducing carbon emissions and aligning with ESA's carbon-neutral operations.

Moreover, shareholders of ESGL have approved all proposals for its business combination with De Tomaso Automobili, an iconic Italian luxury performance car brand [2]. This strategic move aims to merge ESGL's industrial sustainability focus with De Tomaso's ultra-luxury automotive brand, known for its P72 and P900 hypercars. The production-spec De Tomaso P72 has been unveiled, marking a significant milestone as the business combination nears completion [3].

In terms of financial performance, ESGL reported remarkable results in FY2024, demonstrating strong operational performance in sustainable waste management and circular chemical solutions [4]. The company achieved near-complete elimination of net losses, reducing them from US$95.0 million in FY2023 to just US$0.6 million in FY2024. Key financial highlights include a return to profitability for the core operating subsidiary, an over 200% increase in Adjusted EBITDA to US$2.3 million, and a significant improvement in loss per share from US$14.70 to US$0.02.

Additionally, ESGL's Chairman and CEO Quek Leng Chuang has increased his ownership stake to 8.2% through the acquisition of 336,134 ordinary shares at $2.25 per share [5]. This purchase demonstrates management's confidence in the company's long-term strategy and performance.

The company continues to progress with its previously announced business combination with De Tomaso Automobili, which is currently undergoing regulatory and shareholder approval processes. The merger aims to strengthen financial positioning, unlock long-term investor value, and accelerate growth opportunities [6].

References:
[1] https://www.stocktitan.net/news/ESGL/
[2] https://www.stocktitan.net/news/ESGL/
[3] https://www.stocktitan.net/news/ESGL/
[4] https://www.stocktitan.net/news/ESGL/
[5] https://www.stocktitan.net/news/ESGL/
[6] https://www.stocktitan.net/news/ESGL/