Well, yes, but it has been trading in the wilderness for 5 years.
It is only now approaching its 'net tangible asset ' value, which would be over 30 cents. Basically its cash and written down truck value!
As a viable and quite predictable business, exceeding forecasts and posting increasing revenue and earnings for more than 5 years, I feel it is more a reflection of the shackles coming off in trading price.
With clear evidence of a track record of contract discipline, and lower capital requirements, I am seeing MAH now as a valuable cornerstone to my portfolio, still trading below fair value, thus continuing with a more modest annual share price appreciation, plus increasing franked dividends.
40 cents in 3 years, with around 5% ff divs, would reward.
- Forums
- ASX - By Stock
- MAH
- Ann: Macmahon Secures $352M Contract Extension at Boston Shaker
Ann: Macmahon Secures $352M Contract Extension at Boston Shaker, page-10
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAH (ASX) to my watchlist
(20min delay)
|
|||||
Last
29.0¢ |
Change
0.010(3.57%) |
Mkt cap ! $624.9M |
Open | High | Low | Value | Volume |
28.0¢ | 29.5¢ | 28.0¢ | $900.0K | 3.133M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 61864 | 28.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 18769 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 61864 | 0.285 |
4 | 263975 | 0.280 |
6 | 125629 | 0.275 |
12 | 149791 | 0.270 |
3 | 70001 | 0.265 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 18769 | 1 |
0.295 | 1647750 | 6 |
0.300 | 1122258 | 26 |
0.305 | 605581 | 6 |
0.310 | 476967 | 6 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
MAH (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online