News: EHL Emeco Holdings says fy net loss A$180.5 mln, page-11

Djingo that makes a bit of sense now. I forgot about Morgans. A few weeks back My broker said he would speak to Morgans if I wanted to short etc as they are on it and know who the buyers and sellers are for bigger bits. So must be with the company somehow. I found the Morgans report you mentioned. https://my.morgans.com.au/research/A16A3ED5-235A-4025-8268-602DA179C4FE.pdf?u=9b6e4620-b777-4faa-824c-18d547e2ca31 When I get some time, I might digest it a bit more but quick read has the right info but forgets the key ingredient . How do you get to those forecasts of revenue and margin (which still don't make a profit until 2020) with the same level of equipment.? Yes rental rates are down a bit but you can't double them like the revenue forecast is saying. The amount of equipment reduces from $382 today to $270 but revenue goes from $206 to $367 ?? I'm with you, they either going to do a big capital raise (and probably should at these values) or it's back to the bond holders again to fill the gap with replacement and additional equipment requirements.