Emeco (EHL AU): Offer Rumours Abound

• Reportedly, heavy earthmoving equipment play Emeco Holdings (EHL AU) is in the crosshairs.

• Local media are indicating that Emeco has been testing the water on possible domestic suitors, and this has spurred interest from overseas.

• The share price is up 27% YTD and 58% over the past year, and currently trading around a four-year high.

Emeco is illiquid. Look away now if this is not your thing.

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The Trade:

• There is no firm or non-binding Offer.

• Trading roughly in line with five-year historical metrics; but a wider discount to peers.

• Up a further 6.9% today as I type.

• If in, stay in.

• This is not something I'd aggressively chase.