I sold out of this (sick) puppy just the other day.
Ask yourself this - a stock on near-about 5x earnings should provide you a 20% yield. Emeco is in theory trading on 5x earnings, but where is the 20% yield?
You get dividend payments at a bit over 1% a piece, and a miserable buyback. 2H22 buyback announcement was $6.7m (sub 2% of market cap), but they only bought back ~3.5m shares (a bit over $3m) before they, without explanation, stopped.
Most of the cash flow is being reinvested (mis-invested?) back in the business. I don't want that, so count me out.
I sold out of this (sick) puppy just the other day.Ask yourself...
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Last
80.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $414.6M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6116 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 1164 | 2 |
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| Last trade - 10.07am 15/08/2024 (20 minute delay) ? |
| EHL (ASX) Chart |
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