EHL 0.67% 75.5¢ emeco holdings limited

anyone interested here?

  1. 222 Posts.
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    I think EHL is looking really interesting from a contrarian's perspective right now... really solid backing from tangible assets and maybe a cyclical low. all bad news I feel is in the market and its ability to cut growth capex totally and amortise debt is substantial.

    Trades at 25% of net tangible asset value after all debt and intangibles....

    anyone interested here?

    am long.

    PS - if i had $100m I would buy the company (no controlling shareholder), sell off all the assets (even at a discount), pay off all the debt and effectively come out with $300m!

    pity I don't have $100m though :)
 
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