14/04/2021 12:35

Flagship Growth Portfolio – Amendments

We are selling two holdings in the Flagship Growth Portfolio to increase cash into prevailing strength

Read more

14/04/2021 09:28

Emeco Holdings (EHL) 95.5c

Most portfolios have a  “dog” lurking in their midst and ours undoubtedly is mining equipment rental business EHL which although it’s doubled over the last year has failed to regain the vast majority of it’s COVID losses.

Read more

10/02/2021 11:52

Emeco Holdings (EHL) $1.14

Emeco Holdings (EHL) -8.06%: gave back yesterday’s for similar reasons to Boral today. The stock ran yesterday on a solid result from peer Imdex (IMD) but Emeco didn’t really live up to the hype today despite posting half year numbers more or less in line with the street.

Read more

12/11/2020 21:58

Emeco (EHL) – AGM & trading update

Emeco (EHL) +8.05%: Another beaten up cyclical that was out with a more positive update this morning, although from MM’s perspective it was simply a reiteration of guidance and a reinforcement of the path the company has been on over the past year. As they suggested today, the balance sheet is now the best its been since listing in 2006 and the trends on the earnings side are positive overall, although a bit lumpy. Weakness in coal prices hurt, however this is being offset by strength in Gold. All up, a decent update that was taken more as a relief by the market which seemed to think they would miss their stated EBITDA guidance of $115-118m for the half to Dec (consensus was $114m)

Read more