plant hire equipment

Hi All Nylex Fans,

Just want a quick show of hands to see who’s in on Nylex.

Nylex Limited is a diversified industrial manufacturer and distributor of building, automotive and plastics products. The company is also a supplier of plant hire equipment including earthmoving and civil engineering, infrastructure and highway construction, road maintenance, utilities, and many others. The company also provides fleet management, as well as buy-back and rental of existing fleets, and a range of used, ex-hire equipment for purchase.

Some excellent results over the past year include :
• NPAT $17 - $19m compared to loss from last year of $4.8m.
• Plant hire exceeding own expectations.
• Debt reduced from $150m to $115m (interest saving).
• Companies EBIT over 70% up from last year.

The current share price of 25.5 / 26 cents is pretty much on the long term support of 25.5 cents. Although the price has come down in the last 5 months I can see a reversal in trend once they report. Also noticed some large orders going through at 25.5 and 26 in the past 2 days trading. Anyway happy trading, I say get in for a short term gain.

durmo