Looks like the chickens have come home to roost.
As I mentioned in the other thread I sold out a few weeks back in the high 80s. Glad I did. I thought Emeco was cheap but then came to my senses - - it is the perpetually underperforming stock.
Management taking a 'grow at all costs' approach - left the company with a weak dividend, meagre buyback, hardly any FCF, and now a receivables balance that is in doubt.
Wouldn't rule out the chance this is just the start of a series of downgrades/issues.
Looks like the chickens have come home to roost.As I mentioned...
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Last
76.5¢ |
Change
-0.025(3.16%) |
Mkt cap ! $396.5M | |||
| Open | High | Low | Value | Volume |
| 78.5¢ | 79.0¢ | 76.5¢ | $112.4K | 145.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 545 | 76.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 40156 | 1 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| EHL (ASX) Chart |