NHR 0.00% $3.73 national hire group limited

from the age- 'wildcard'

  1. 4,253 Posts.
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    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

    buy below 20cents
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