Emeco Holdings (EHL) is tracking lower, are we buyers of the earth mover?
Stock
Emeco Holdings (EHL) $1.84 as at 10/04/2019
Event
Some clear focus on Emeco Holdings with a number of questions this week. Our conclusions so far are: 1 – If we had no position we would use this selling / weakness as an opportunity to buy. 2 – Eley Griffiths was the seller of 500k shares last week, and the sale of that parcel takes them just below substantial meaning they can now fly under the radar. They still hold around 15.5m shares from what I can tell. I don’t think this necessarily is a reason to panic, if they had their finger 100% on the pulse of the business they would have sold 6-months ago. 3 – If we see another large volume day in the weeks ahead and the shares hold up we are likely to use this as a trigger to buy. Emeco Holdings (EHL) Chart
Market Matters Take/Outlook
Subscribers to MarketMatters have the opportunity to send questions through to the team. Each Monday a "Subscribers Questions" report is published answering some of the points subscribers have made. This post is an excerpt from this week's report where a number of subscribers asked about Emeco (EHL)
