RQL 0.00% 26.0¢ resource equipment ltd

RQL, has been heavily sold with the rest of the market. However...

  1. 453 Posts.
    lightbulb Created with Sketch. 2
    RQL, has been heavily sold with the rest of the market. However at 40 cents this is now a standout IMO. This company has a proven track record of 20-30% organic growth. The business showed, prior to listing via Repcol, that through the last market rout 2008-2009 its earnings grew from circa $5.5 to $9m. It benefits from mining restricting capex, they then turn to rental rather than purchase.

    I'm long this stock with a 2-3 year horizon.
 
watchlist Created with Sketch. Add RQL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.