I sold out of this (sick) puppy just the other day.
Ask yourself this - a stock on near-about 5x earnings should provide you a 20% yield. Emeco is in theory trading on 5x earnings, but where is the 20% yield?
You get dividend payments at a bit over 1% a piece, and a miserable buyback. 2H22 buyback announcement was $6.7m (sub 2% of market cap), but they only bought back ~3.5m shares (a bit over $3m) before they, without explanation, stopped.
Most of the cash flow is being reinvested (mis-invested?) back in the business. I don't want that, so count me out.
pit n portal, page-5
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Last
83.0¢ |
Change
0.035(4.40%) |
Mkt cap ! $430.2M | |||
| Open | High | Low | Value | Volume |
| 79.0¢ | 83.5¢ | 79.0¢ | $1.248M | 1.520M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7472 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 2845 | 1 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| EHL (ASX) Chart |