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
74.5¢ |
Change
-0.025(3.25%) |
Mkt cap ! $386.1M | |||
| Open | High | Low | Value | Volume |
| 78.0¢ | 78.0¢ | 74.5¢ | $190.2K | 251.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4053 | 74.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 76.0¢ | 4054 | 1 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| EHL (ASX) Chart |