came across this news article out of the age newspaper...

came across this news article out of the age newspaper 21/10/02

stocks to watch section - 'wildcard'

national hire group limited

2 years ago NHR which rents out general plant & equipment,temporray site accomodation,containers & portable toilets in illawarra,sydney,brisbane & melbourne reported a$1.8m operating profit to 30/6/00 and a share price mostly above 50cents

but a downturn in rentals & its exposure to a $1.74m court judgement because a subsidiary was left uninsured after the failure of HIH has put the share price under pressure

a small profit in year to june 30 last year (2001) became a loss in 2002 financial year

but sales have held their own this year (2002) suggesting that all the group needs to turn the corner next year (2003) might be a kinder economy and public liability insurance

nhr-21cents
buy below 20cents