Coates Hire (COA): Winner

Coates Hire (COA) was the best performing company this week on the Australian sharemarket (loser of the week for week 17 of 2007) closing the week 18 percent or 95 cents higher, closing at $6.17 after confirming private equity bid approaches. The company took the award this week for the best performing company on the ASX200 index. The industrials are on an average PE of 18.1 times - the highest since the tech boom. The ASX200 index closed at 6304.9 and the All Ordinaries at 6296.2. Coates Hire was also a Loser of the week back in February.

Coates Hire Limited is listed on the Australian Stock Exchange (ASX) under stock code COA. COA was listed on the ASX on 6 August, 1996. The company is involved with the hire of equipment servicing the construction, resource, civil engineering and contracting industries and a range of industrial, commercial and government organisations. You can view their investor website here. Browse for Australian stockbroker recommendations. Check your charts and good luck with your share trading!