MND 2.58% $12.44 monadelphous group limited

Ann: Market Update, page-40

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  1. 2,117 Posts.
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    For me personally I'm holding, as I just think their track record (whilst not explicitly linked to a monetary value of goodwill) is key in times like this.

    As you said they have a proven record over the years, announced some $150 million in new deals recently, have cut back on corporate expenses and have a very very solid balance sheet.

    Whilst, I don't expect them to reach their ATH in the next 12 months, I see them as safer bet ( albeit the past 2-3 weeks) than many other more volatile companies both within the sector and ASX200. For me at the moment, I'm not looking for companies that may ride this wave out and succeed. I'm looking for more solid performers, who undoubtably will come out in some positive manner, until the world fully understands and comprehends the ramifications of the past six months.

    AIMHO
 
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