ASX:EHLTrade Distributors
Emeco Holdings (ASX:EHL) Shares Backed By Cash Flow Strength
Emeco Holdings entered this earnings release with the stock up over 15% in a month and more than 9% over the past week. That indicates a market already leaning bullish. The results delivered just enough to keep that sentiment intact. Operating net profit after tax of A$89m and an operating EBIT margin of 18.7% reinforced the picture of a contractor quietly turning utilisation and maintenance work into steady cash.
The key issue now is straightforward. The price appears to be moving on...