Emeco Holdings
Emeco Holdings (EHL) is a leading provider of heavy earthmoving equipment rental solutions. Its principal operations and activities include the sales, leasing and parts and maintenance services of heavy earthmoving equipments. EHL listed on the Australian Stock Exchange on 28 July, 2006. The Company focuses its development activities through four main business divisions: rental, sales, parts and maintenance. The rental division provides diversified earthmoving equipment to its customers.
Study the dividend history for EMECO HOLDINGS LIMITED. A taxable payment declared by a company's board of directors and given to its shareholders out of the company's current or retained earnings, usually quarterly. Dividends are usually given as cash (cash dividend), but they can also take the form of stock (stock dividend) or other property. Dividends provide an incentive to own stock in stable companies even if they are not experiencing much growth. Companies are not required to pay dividends.
Mirvac Group (MGR) , a company that operates real estate business in residential and non-residential projects and involved in Real Estate Fund management was the worst performer of the ASX100 list for the 10th week of 2010. The company lost 6 percent or 10 cents to its stock price and was closed for the week at $1.48 (market capitalisation of $4436.9 million).
Aquarius Platinum (AQP), a company that is engaged in exploration, development and acquisition of platinum group metals was the best performing stocks in ASX100 index for the 32nd week that saw a rise of 15.4 percent or 77 cents in its stock price closing the week at $5.74.
Emeco Holdings (EHL), a company that mainly focuses on sales, leasing and parts and maintenance services for heavy earth moving equipments was the best performer in the Australian stock exchange for the 30th week. The company saw a rise of 29.6 percent in its share price and was closed for the week at 46 cents.
Energy Resources of Australia (ERA) was the overall best performing stock taking in a 13.9 percent increase of its share price. Among the best performing companies for the past week (week 3 of 2008) on the Australian sharemarket were a mixture of engineering, energy, industrial, mining and transportation: Sims Group (SGM), Energy Resources of Australia (ERA), Futuris Corp (FCL), Downer EDI (DOW), Toll Holdings (TOL). All the above best performing stocks for week 3 stocks managed more than 6 percent and less than 11 percent gain at the end of the trading week.
Emeco Holdings (EHL) was the overall worst performing Australian company this week taking in a 18.6 percent decrease in its share price. It was a mixture of mining, support services, retail and steel companies who were among the worst performing stocks for the week 45 of 2007 on the Australian stockmarket: Brambles (BXB), Wasfarmers (WES), BlueScope Steel (BSL), Emeco Holdings (EHL). These worst performing stocks for week 45 recorded losses above 11.8 percent by the end of the trading week.
Emeco Holdings (EHL) has a Buy 2 broker call and a share price target of $2.30 from sharemarket analyst UBS. The analyst has observed that the business continues to perform well: At both the interim result and a recent presentation the group has indicated that the business continues to perform well. In the first half EHL generated EBITA growth of 54%. To meet prospectus forecasts requires growth in the second half of 33%. The analyst believes that EHL will comfortably meet its forecasts. Capex Remains High: In the first half the group spent $150m on equipment (inc a $9.7m acquisition), with commitments to spend a further $93m. The analyst suspects that captial expenditure for the fiscal year will approximate $300m, of which half will make a negligible contribution to earnings in fiscal 2007 due to deployment lags. Balance Sheet Sound: At 31/12/06 gearing was 48%. The analyst believes that the company could comfortably spend $300m in both 2007 and 2008 without stretching the balance sheet. They value Emeco Holdings (EHL) on a DCF basis at$2.20-2.40 per share. Our share price target is in the middle of this range.
Emeco Holdings (EHL) has a maintained Buy High Risk stock (1H) stock recommendation and a share price target of $2.32 from stock analysts Citigroup Investment Research (CIR). They consider the mix of strong demand, tight market conditions and "plenty of fire power" to underpin Emeco's strong growth story. The AGM had a positive tone according to CIR, with the company citing strong demand across all regions with plenty of opportunities for growth and continued tight supply of equipment which is a positive for the company's rental model.
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