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)
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Gerrish: The correction is done, we’re positioning for what comes next
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
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Tuesday 13th May – Dow up +1160pts, SPI up +97pts
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Gerrish: The correction is done, we’re positioning for what comes next
The Market Matters lead portfolio manager talks the recent recovery, Trump, gold, and why he thinks there's plenty of opportunities.
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
Recorded Monday 31st March
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Tuesday 13th May – Dow up +1160pts, SPI up +97pts
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