Emeco Holdings (EHL): Worst Performer for Week 45 of 2007

Emeco Holdings (EHL) was the overall worst performing Australian company this week taking in a 18.6 percent decrease in its share price. It was a mixture of mining, support services, retail and steel companies who were among the worst performing stocks for the week 45 of 2007 on the Australian stockmarket: Brambles (BXB), Wasfarmers (WES), BlueScope Steel (BSL), Emeco Holdings (EHL). These worst performing stocks for week 45 recorded losses above 11.8 percent by the end of the trading week.

Emeco Holdings, the company which does selling, renting and maintaining heavy moving equipment to customers in the mining industry in Australia and overseas was the overall worst performer taking in a 18.6 percent decrease. Brambles, a leading global provider of support services, operating in over 45 countries and employing over 12,000 people, took the ribbon for the worst performing stock on the ASX 100 index seeing 11.8 percent fall or $1.65 and closing at $12.20. Wesfarmers, the largest employer in Australia, with more than 200,000 employees across the country and official records announced a record net profit of $1.05 billion for 2006 became the second in the list losing $5.11, closing at $38.15 and a negative move of 11.8 percent. BlueScope Steel was the next in line losing $1.16 (-10.9%) and closing at $9.48. On the ASX 200 index, Emeco Holdings took pole position decreasing by 18.6 percent, losing 27 cents and closing at $1.18. The first runner up was Brambles followed by Wesfarmers. Downer EDI (DOW) was at the fourth position on the worst performing stocks of the ASX 100 index closing at $5.16 (-$0.63, -10.8%). Seek (SEK), the dominant player in online recruitment in the Australian market with 56% market share and over 150 thousand jobs online was at the third runner up position for the ASX 200 index closing at $8.12 (-$1.03, -11.2%).