Ann: FY09 first half earnings and updated full ye, page-7

re: Ann: FY09 first half earnings and updated...
Great result for EHL, still looks cheap here with PE of 2-3. Took some profits at 25-25.5 but could again run higher to 28c latter today or tomorrow.

Any thoughts??


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.”