EHL 2.84% 90.5¢ emeco holdings limited

Ann: FY09 first half earnings and updated full ye, page-37

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  1. 14,928 Posts.
    lightbulb Created with Sketch. 46
    re: Ann: FY09 first half earnings and updated... At least another good thing to keep in mind is even if the dow drops tonight, EHL rose today with a 40% gain. So is more likely than most stocks here to continue gains

    I like this bit from the announcement: (how many companies can boast strong growth during these times)

    Emeco CEO, Mr Laurie Freedman said; “Our Business model is sound, and the strength of Emeco is best demonstrated by the delivery of a record first half result. Our revised guidance is based on the back of extraordinary market conditions. We believe the quality of Emeco’s fleet and its global diversification position the business very well to capitalise upon the return of normal market conditions, the expected boost from major infrastructure spending projects and a continuation of the capital preservation theme throughout the resource industry.”

    That's exactly why this is being rerated back up again.
 
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Mkt cap ! $401.7M
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