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Emeco oversubscribed

WESTERN Australian earthmoving company Emeco has announced that its $100 million convertible note offer was oversubscribed. As a result, Emeco will issue an additional $25 million in convertible notes. The fixed semi-annual 10 per cent notes, which have a maturity date in 2010, began trading on the ASX on May 3 under the code EMCG. With operations throughout Australia, the US, Indonesia and Japan, Emeco’s business is in earthmoving rentals, sales, parts and maintenance services. In the event of an initial public offering, Emeco note-holders are entitled to exchange their notes for securities at a 2.5 per cent discount to retail investors.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/09/18

1 year TSR5 year TSR
95thEmeco Holdings87%9%
305thUnited Overseas Australia16%11%
376thAustralian Finance Group1%0%
459thSouthern Cross Electrical Engineering-6%-7%
632ndVietnam Industrial Investments-34%19%
739 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

28/08/18
$0 Bought
28/08/18
$0 Other
25/05/18
$23k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

13th↓Australian Finance Group$582.6m
14th↑United Overseas Australia$458.7m
15th↑Emeco Holdings$383.2m
16th↑Vietnam Industrial Investments$380.0m
17th↑Southern Cross Electrical Engineering$351.3m
239 listed industrial companies ranked by revenue.
Source: Morningstar

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