COA coates hire limited

Where to next???

  1. 224 Posts.
    Coates Hire has run hard since october last year, up 200%. Despite softer sales, half yearly result improved ove previous corresponding period as a result of restructuring. Company very well positioned for economic upturn. Still only trading at a Price to Book ratio of 1.15, one would assume it still has plenty of upside potential. My only concern is the high debt/equity ratio and the high level of current liabilities, can't ignor the price action over the past 8 months though.

    Interested in hearing other peoples views on this one. It appears to be in a consolidation phase at the moment. Maybe a buying opportunity.
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Currently unlisted public company.

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