RQL 0.00% 26.0¢ resource equipment ltd

RQL, has been heavily sold with the rest of the market. However...

  1. 446 Posts.
    RQL, has been heavily sold with the rest of the market. However at 40 cents this is now a standout IMO. This company has a proven track record of 20-30% organic growth. The business showed, prior to listing via Repcol, that through the last market rout 2008-2009 its earnings grew from circa $5.5 to $9m. It benefits from mining restricting capex, they then turn to rental rather than purchase.

    I'm long this stock with a 2-3 year horizon.
 
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Currently unlisted public company.

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