nhr forecasts outlined(post the cap raisngs) are: sales rev 168m npat $16-$26m eps 3.1c p/e around 13-14.5 times earnings 580m shares on issue means it capped at $200m+(putting into asx300 territory/small cap fund mgrs radar screens)
*2yrs go this stock was worth less than $10m now its has true national and some international presence via indonesia operations of allight and the cap raisings are a mere formality!
if this stock isn't worth at least 50c(taking a long term view) then i'll go hee and burn every investment book read and seminar notes taken!
dividend policy now put in place potentially offers 50% of npat(depending upon how the new company performs)
also the board has been totally reconstructured just like the business and it now looks and presents a more pofessional outfit required for inclusion in asx200 or asx 300 in order to be taken more seriously by the instos for future funding requirements as the hire industry is capital intensive and cyclical by its very nature!
new investors should always consult their advisors(read the asic notice below) and bare this in mind prior to making any investment decision on nhr
for more info see www. nationalhire.com.au westrac.com.au allight.com.au asx.com.au
NHR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Not Held
