Yes buy more make more...
but equipment operators through previous downturns are getting a better feel for how far/long they can push equipment through rebuilds and strategic life extension plans.
It can be smart to sweat your asset, take on perhaps a higher operating expense than a larger capital expense up front.
In this market, my opinion would be to pay down the debt. Divvy or buyback is great but I would be leaning on the side of smaller short term return for shareholders, but more prudent deleveraging of the business so we are set up for the next opportunity.
In any case, excellent work by EHL. A very good position to be at present. Great diversification from coal. Coal ticking up will put a fire up the back end of this share.
Yes buy more make more...but equipment operators through...
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Last
71.0¢ |
Change
-0.010(1.39%) |
Mkt cap ! $368.0M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 72.0¢ | 69.5¢ | $763.5K | 1.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 30582 | 70.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.5¢ | 34187 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| EHL (ASX) Chart |