has turned resistance into support, page-2

re: nhr results u might be right?
if we take COA as a guide, i think their due to report about 22/8/05?

as NHR have a history of releasing before coa then its a fair call to say that NHR's financials have got to be due out some time next week and before market closes for a change, as there will most likely be no bad nasties to disclose

04/05 full year npat =$872,000 and last 6 mths npat =$2.2m approx

post the cat rental and allight acquisitions and plus a near full year from some smaller acquisitions up north their looking at eps=3c approx and which then =p/e to =11 to 13 times prospective earnings(based on 36c) going foward, in a sector where most state and fed govts will be spending big bucks on infrastructure in the next few years

i'd just like to know just how much of the 31m cash in the bank will NHR be spending on another large acquisition like either ah plant hire or kennards hire as
lets face it,both the time and sector fundmentals are right for another acquisition

if they(NHR) can't find a suitable acuisition there are 3 options available:
1-buy back NHR stock(inc NHRG)
2-capital return like TLS & AMP
3-pay off existing debt