NHR 0.00% $3.73 national hire group limited

what is the idea of this company please?, page-2

  1. 3,880 Posts.
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    i suggest that u carry out some basic research to realize that this stock has gone frome a mkt cap of less than$10m to about $72m with about 167m shares on issue backed by a global brand name in Caterpillar

    further it had to digest the following:
    slow down post 2000 olympics(for 2yrs)
    a write off in profits of about $1.5m-$2m(re HIH disaster)
    cap raisings to upgrade fleet and reduce subhire exp
    total mgmt reconstruction and business stategy and focus going fwd
    recapture lost mkt share &win new business
    staff and branch reductions

    'B' whilst nhr might be viewed as coming off a low base the turnaround is significant and prudent for the long term given the projects to come on stream within the infrastructure enviroment,complimenting the fundamental and tech analysis
 
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Currently unlisted public company.

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