EHL - Emeco Holdings
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Where's that party pooper gif again ..
I have already tendered my sophisticated case for investment here.
FY23 ROE 7%, NTA $1.12, profitable 6 years straight - some gruesome years prior to that admittedly.
A proud addition to my portfolio.
I have already tendered my sophisticated case for investment here.
FY23 ROE 7%, NTA $1.12, profitable 6 years straight - some gruesome years prior to that admittedly.
A proud addition to my portfolio.
galumay
learner
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LOL! Soz.
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Tacked on 5,000 @ 0.645
I like the moderate progress of the chart - it could be pennanting (that's my guess) which should usher in a rally.
I liked he sound of the deal done with MacMahon mining contractors whereby EHL exits its poor margin 'Pic N Portal' mining contracting business in return for a privileged status in renting its mining equipment to MacMahon.
The deal with Macmahon involves $3m in transaction costs and a $16m non cash impairment charge. To get a relative sense of that - depreciation costs were ~$80m in fy23. Not expected to have much of an impact at EBITDA level for FY24 but I imagine ROE might drop to 5-6% for FY24 against 7.2% for FY23. Get paid 4% ff yield while wating for a better FY25? Company is conducting an on market buyback of shares. It's not great but I do like cheap sometimes.
Held
WEEKLY
I like the moderate progress of the chart - it could be pennanting (that's my guess) which should usher in a rally.
I liked he sound of the deal done with MacMahon mining contractors whereby EHL exits its poor margin 'Pic N Portal' mining contracting business in return for a privileged status in renting its mining equipment to MacMahon.
The deal with Macmahon involves $3m in transaction costs and a $16m non cash impairment charge. To get a relative sense of that - depreciation costs were ~$80m in fy23. Not expected to have much of an impact at EBITDA level for FY24 but I imagine ROE might drop to 5-6% for FY24 against 7.2% for FY23. Get paid 4% ff yield while wating for a better FY25? Company is conducting an on market buyback of shares. It's not great but I do like cheap sometimes.
Held
WEEKLY
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12 month high, nice chart but daily momentum indicator looks a bit weak?
Another mining services company for the era of commodities to come.
(BRICS) making their own commodity exchanges and even bought a western one I heard (LME?). Manoeuvering for a new currency that is partly multi commodity based?
Held and Holding
DAILY
DECADE MONTHLY
Another mining services company for the era of commodities to come.
(BRICS) making their own commodity exchanges and even bought a western one I heard (LME?). Manoeuvering for a new currency that is partly multi commodity based?
Held and Holding
DAILY
DECADE MONTHLY
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am still down 16% on this and in no hurry to add more
but is the mining super-cycle winding down , or is there more to come ??
but is the mining super-cycle winding down , or is there more to come ??
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Too hard for me. Long term I am a commodity bull and EHL has an interesting 2 part business of overhauling heavy mining machinery and either selling it on or adding it to its leasing fleet (the other part of the business). EML has an association with MacMahon (MAH)
i bought it because it was a Greg Canavan (fat tail) rec from a much higher price. He subsequently reduced it to hold but expressed bemusement about its decline. So I hopped on as he does good research.
Finally I lìked the potential for a basing long term chart.
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Has been correcting short term but weekly chart still trending and behaving quite well relative to the chosen moving averages. A possible patient buy for mining service fans if the retracement brings it back within the
65-70c band?
Held and
Holding
WEEKLY
65-70c band?
Held and
Holding
WEEKLY
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EHL @ 0.805, 12 months high.
Daily chart (not shown) messy and daily momentum not confirming price recently. A short term pullback would not surprise.
But weekly chart looks quite good, the more so if it can make a convincing weekly close, more than the current 0.805, above 80c. Could be a shallow inverse head and shoulders bottom completing. A candidate anyway.
Guess it might hang on the H2 result which came out 23 Aug last year. The pros acting on inside goss might push it earlier one way or the other I guess.
Held
Holding
WEEKLY
Daily chart (not shown) messy and daily momentum not confirming price recently. A short term pullback would not surprise.
But weekly chart looks quite good, the more so if it can make a convincing weekly close, more than the current 0.805, above 80c. Could be a shallow inverse head and shoulders bottom completing. A candidate anyway.
Guess it might hang on the H2 result which came out 23 Aug last year. The pros acting on inside goss might push it earlier one way or the other I guess.
Held
Holding
WEEKLY
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I made a statement on the AAL thread that Emeco has no focus on services to the coal mining sector but to my surprise it does. According to this pie chart from a September 2024 small companies conference, coal accounts for about 40% of revenue! That's ok by me as I'm a coal fan and optimist.
Held
Holding
WEEKLY - no progress since July to speak of, but looks ok to me
Held
Holding
WEEKLY - no progress since July to speak of, but looks ok to me
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it hasn't been 'the turn-around story ' i hoped for when i bought in @ 89 cents in February 2022
but it could have be worse , i didn't back up the truck ( just took a small;sh nibble )
i may add more if the mining cycle starts to wind down
but it could have be worse , i didn't back up the truck ( just took a small;sh nibble )
i may add more if the mining cycle starts to wind down
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This stock is a bit of "cigar butt investment" as people used to refer to them back in the day.
If the resources sector has an uptick in activity due to the Chinese government stimulus that could be a catalyst for companies like Emeco to generate higher than expected earnings in the coming year or two.
If the resources sector has an uptick in activity due to the Chinese government stimulus that could be a catalyst for companies like Emeco to generate higher than expected earnings in the coming year or two.
