today coa announced purchase of mildura hire adding to the recent deal obtaining mornington hire
an interesting strategy of trying to do business thatz totally different to what's been done in the past by coa
it all adds up to xtra margins swinging to cat rentals/nhr group in the future as coa trys to pick up business in the bush without really knowing their customers!
in brief: nlx -to much debt
nhr-most likely to obtain ah plant hire business from nlx and become the number 2 hire company in australia and the cat rental business added to nhr group will see it have over 10per cent hire business done in australia 45.5/46 cents looks like a cheap entry point
coa-will continue to disappoint as new ventures do not meet expectations
COA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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