debt to equity 90% but interest cover =3 times.if the interest...

debt to equity 90%
but interest cover =3 times.

if the interest cover goes any lower in this rising interest rate and global credit crunch climate currently unfolding,we might see the SP head south as a few bankers and top 20 stakeholders start to lock in any remaining profits before the liquadators and receivers are called in!

the stock has about a approx 8% mkt share in the equipment hire sector,& might be viewed as an opportunistic cheap play for those with plenty of $$$ ie. PE's seeking a 5 to 10 banger for the next start of the cycle

i think its got a good business model with some barriers to entry in its sector, but at this time, its badly in need of both a management,HR and cash injection to get it through this difficult period that those like it are currently experiencing

DO YOUR OWN RESEARCH !

(i do not and have never owned)