enX released disappointing FY' 18 results. HEPS increased 4% yoy to 188.5cps despite the 12-month inclusion of Eqstra Fleet Management and Logistics (EFML), and enX Industrial Equipment (EIE) vs a 10-month inclusion in the base. Operational weakness was concerning in EIE and Petrochemicals. We have reduced our earnings estimates. We downgrade to a MARKETPERFORM rating.
A director at Enx Group Ltd bought 500,000 shares at 12.020ZAR and the significance rating of the trade was 91/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...
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