officially now a top 300 company yesterday's abnormal trading...

officially now a top 300 company yesterday's abnormal trading volume of 4.9m was on the back of all resolutions being passed and it pathes the way for the market cap to now exceed(based on at least 40c per share)$232 million and put this company into the s&pasx300

for those who have not followed this micro cap cum small to midcap the current business acquisitions and cap reconstructions represent about a stagering 25 fold increase (from something worth less than 10m)

the spp of $5,000 worth at 35c per share which is about a 18-20% discount and will in all likelyhood based on previous cap raisings be over subscribed

for nhr/cat rental store/allight the story doesn't end here as the hire business is highly fragmented and further rationalisations are well and truely overdue

there are plenty of other hire companies worth acquiring and with a substantial amount of cash in the bank and the backing of westrac and allight mgmt
the likely candidates to pick up are ah plant hire, western access and possibly kennards

even if all these were picked up nhr would enjoy about around 20% mkt share (below accc guidelines) but become xclear number two hire company in australia and become a serious threat to the coa mkt share