Hi…
I’ve been reading this forum
for a while and silently enjoying the views and information… felt it was time
to weigh in with my two cents worth.
Regarding HQP, a topic many
of you may have thought (or hoped) was dead… someone made the good point that
they may struggle to find buyers for their heavy earth moving equipment. That
may indeed be the case but they are using the current foreign exchange
situation well by buying in their equipment at lower rates (in NZ$ terms) than
they could a year or two ago. Assuming the almighty NZ economy slows down and
the US picks up, it would
be fair to assume that the NZ$ will depreciate against our trading partners
and they could then export any surplus heavy machinery at some fairly good NZ$
prices… assuming again that there is demand for the machinery
somewhere…
Another (somewhat grisly
point) is that they have serious market presence… I say grisly because during
recent footage of some stabbings in the Nth Island I noticed
that the barriers put up to “protect” the crime scene were Hirequip barriers.
Despite the fact I shouldn’t really have been thinking of a Hire company’s
market share at that time, I thought that was a picture which painted at least
a few words…
Also, my company deals as a
supplier (occasionally) to HQP and they are sharp dealers… we enjoy some
fairly consistent customer loyalty and yet HQP are astute in their purchasing
to ensure they get the best price for their materials. A sales rep’s
nightmare…
Finally, I have heard
several stories of occasions where HQP have bought equipment, hired the
equipment out and then resold said equipment for as good a price or better
than what they paid (refer second paragraph)… hearsay only but it is fitting
with what I know of the company.
David.
PS enjoy all the posts, i.e.
the ones with no immediate share trading value, the ones which curse the posts
with no immediate share trading value, and the ones which have some reference
to stocks. Cris… purchased a small package of ZYL shares simply because you
sound like you know what you’re about, hope you prove as astute as your
postings suggest. Enjoying the Gold 101 lessons too,
incidentally.
See IRG research reports
