keith gordan

Keith Gordan, CEO, is THE reason I bought EHL. When I read he was leaving a very senior position at Wesfarmers I thought, now here's a turnaround story in the making. Every Wesfarmers manager is steeped in a culture of corporate excellence and shareholder value. It's been their corporate philosophy since the beginning.

When it appeared the mining sector was picking up steam again, I started looking for mining service companies, buying the people "who supply the picks and shovels". And it's been a very successful strategy with lower risk and little grief. And increasing dividends. Several of my picks have been multi-baggers so far.

I bought my last two parcels of EHL in Jan at a price of .98 and 1.02, avg $1.00. Those two parcels alone have a return of 20% in just a couple of months. Not to mention the seven cent dividend coming our way. The earlier parcels have just about doubled. Shareholder return indeed. And the story will continue to get better over the next couple of years.

My other holdings in the sector.

NWH, DCG, LCM, MLD