h'mmm....post rights issue this minnow which looks like it might benefit from an extended & upbeat hire market (refer coa asx announcement)and xtra spending on equipment(thanks to the rights issue and trading conditions) a substantial shareholder today announced a significant increase in holding to around 31.3% i think?
arl has stated that they are going to concntrate on 'road' so that's might leave some other hire business for thesmaller players like nhr to increase thir respctive market share
whilst no threat to a coa any pick up in business will be more than welcomed by the board and will be more price sensitive on the stock
i think they use to pay around 2.5c to 3cdivi's in the old days wow that's about 8% plus
NHR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
