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 29/03/18

1 year TSR5 year TSR
41stEmeco Holdings245%-14%
110thSchaffer Corporation93%28%
248thSouthern Cross Electrical Engineering35%-9%
285thGlobal Construction Services24%1%
364thMMA Offshore11%-39%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$2k Issued
$0 Other
$0 Issued
Total value as at the date of the transaction
Source: Morningstar


26th↓Emeco Holdings$221.8m
27th↓MMA Offshore$221.8m
28th↓Schaffer Corporation$215.0m
30th-Global Construction Services$207.6m
31st↓Southern Cross Electrical Engineering$200.2m
236 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Emeco Holdings

49thIan Testrow$1.092m
274thThao Vanderplancke$438k
671stPeter Richards$135k
Ranked by total remuneration from all listed WA companies

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