I should add that EHL's EBIT of $80M was based on the last 6 months of $40M x 2 which is very pessimistic. This includes a big one off hit from PnP. Their normal 1/2 yearly EBIT should be closer to $60M so $110 - $120M for the year. In that case EHL could be valued at about 40% of Coates Hire or about $900M. That is over $1.70 per share.
I've obviously got my rose coloured, "the market is rational" glasses on so I'm clearly wrong.
Cheers,
SC
I should add that EHL's EBIT of $80M was based on the last 6...
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Last
76.5¢ |
Change
-0.005(0.65%) |
Mkt cap ! $396.5M | |||
| Open | High | Low | Value | Volume |
| 77.5¢ | 78.0¢ | 76.5¢ | $134.9K | 174.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 60788 | 76.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.0¢ | 26995 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| EHL (ASX) Chart |