MAH 3.64% 28.5¢ macmahon holdings limited

Ann: FY23 Guidance Update, page-11

  1. 353 Posts.
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    The SUPER bullish piece in this announcement is the 7.9% EBITA run rate in Q4 which implies MAH should be running at an underlying FY24 EBITA of above $150m.

    Market hasn't believed they can get to 8% yet they are now starting to deliver. Getting to an ROE of >12% becoming more likely so share price should move back towards book value in my view implying >25c or over >60% more upside from here.

    IMO DYOR
 
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