Why is the Emeco Holdings Limited (ASX:EHL) share price tanking today?

Shareholders watching mining equipment and business company Emeco Holdings Limited’s (ASX: EHL) share price this Monday must have somewhat of a sinking feeling.

Emeco’s share price has fallen 7.1% to 29c per share in morning trade alone, with nothing specific on the register indicating a solid reason behind the drop.

In fact, Emeco’s recently released annual report revealed a return to profitability for FY18, with a positive NPAT for the first year since FY13.

Emeco’s operating EBITDA increased to $153 million in FY18 – up 83.2% on FY17 – as a result of the acquisition of Force Equipment, increased operating utilisation of the rental fleet and improvements in rental rates on new and renewed contracts.

But Emeco is not alone as a share price faller in the sector today, with the Ausdrill Limited  (ASX: ASL) share price also down 3.1% to $1.46 at the time of writing while NRW Holdings Limited’s (ASX: NWH) share price also dropped down 4.1% to $1.87 in morning trade.

Having a point of difference can play for or against you on the ASX, but these 3 Revolutionary Aussie Companies to Back for 2018 are harnessing their image as "disruptors".

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now