HWE 0.00% 49.5¢ henry walker eltin group limited

help, page-3

  1. 3,800 Posts.
    I have heard that they are still making payments to supplers ok (dont rely on this - this is just industry chat today). Basically industry word is that they have several bad contracts that have decimated their profits. The big question is how large and how long are these bad contracts??? I dont know and I suspect they arent going to tell.

    This seems similar to CLO a year or so ago. And look at them still suffering....

    It may take a while to trade out of it. MAH looks good now but had a near death experience over a sustained period.

    Better to buy when the graph has turned and trending back up. Leave the excitement to others. MAH has been very good to holders and could have been bought on the turnaround ages ago.

    Mining indsutry is booming and contractor margins are getting better. Would be a shock for HWE to go under in these circumstances....

    This is no recommendation whatsoever.

    The key issue for me personally is that in this case the evidence is that the core business is suffering and that is a very good reason to stay away.

    acturtle
 
watchlist Created with Sketch. Add HWE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.