Aurora Metals leaves $170m in debts
07 Jul 2023 – Queensland-based mining company Aurora Metals has collapsed, leaving a trail of debts totaling approximately $170 million.
Read MoreTag: EHL
Bourse Discourse: AVG, RFG, EHL
News snippets were released during Thursday’s ASX trading session from three companies at the smaller end of the local industrials sector.
Read MoreEHL – Macquarie rates the stock as Outperform
Outperform retained, target falls to $1.27 from $1.35.
Read MoreBargains For The Brave In The Mining Services Sector
The New Criterion’s Tim Boreham highlights several mining services contractors, large and small, and their potential at this time.
Read MoreEHL – Macquarie rates the stock as Outperform
The latest updates from the Australian mining services sector indicate production-related activities domestically have seen little virus impact while internationally is mixed, the broker notes.
Read MoreEHL – Macquarie rates the stock as Outperform
The latest updates from the Australian mining services sector indicate production-related activities domestically have seen little virus impact while internationally is mixed, the broker notes. Exploration and non-essential activities are nonetheless more likely to be curtailed. But in particular, iron ore and gold operations in WA are noted as being very strong.
Read MoreEHL – Morgans rates the stock as Add
First-half results were pre-released and the main new item in the financials was the growth guidance from the PnP acquisition. This contributes to a lift in Morgans’ FY20-22 operating earnings estimates of 3-10%.
Read MoreEmeco Hammered Despite Return To Profitability
Investors took the long handle to a couple of stocks yesterday – vitamins group Blackmore’s was one; heavy equipment hirer, Emeco Holdings was another despite producing a $12 million profit for the six months to December.
Read MoreConsolidation Plans Fuel Emeco Rebound
Emeco Holdings shares rose nicely yesterday after the company’s notice of annual meeting revealed a plan for a one for 10 consolidation of shares to improve their marketability.
Read MoreEmeco Turnaround Fails To Inspire Investors
A bit of a thumbs down from investors for Emeco Holdings, the heavy equipment rental group, despite the update showing a rise in earnings.
Read MoreEmeco Rebuffs Sale Speculation
Shares in mining equipment supplier Emeco Holdings were dumped yesterday afternoon after it rejected suggestions it might be sitting on an unknown bid.
Read MoreChallenges Remain For Emeco
Mining services group Emeco Holdings (EHL) has continued the trend for companies in its sector to report another round of weak results for the year or half year to June 30.
Read MoreNo Deal For Emeco Holdings
Struggling heavy equipment rentral group Emeco (EHL) has bailed out on two deals which would have transformed the company.
Read MoreEmeco’s Less Than Convincing Update
Investors have reacted oddly to heavy mining equipment outfit Emeco’s (EHL) trading update. The shares bounced yesterday, up 6% at one stage at 27.5c, before ending at 25.5c, a rise of 2% or a whole half a cent.
Read MoreCuts: Emeco Cuts, Restructures
A big day yesterday for earthmoving equipment provider, Emeco Holdings.
Read MoreHigh Aussie Dollar Hits Emeco
Heavy equipment group, Emeco Holdings has revealed what appears to be a small earnings downgrade in guidance issued at yesterday’s AGM in Sydney.
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