MAH 1.32% 37.5¢ macmahon holdings limited

macmahon to sell off construction to leighton, page-12

  1. 6,612 Posts.
    lightbulb Created with Sketch. 261
    This would be quite a major coup for MAH if the board manages to pull off a deal. The construction division of the company provided for 26% of profits in the last financial year. Given our current market cap of $196M, a sale for anything above $51M would be above current market value. We could potentially move to a net cash position as well, which would in theory position the company quite nicely for any funding requirements at CC. Further it would derisk the stock considerably; there's no denying that the company is a better miner than a constructor. I'm quite looking forward to seeing what we get for this now; it could be better news than many originally thought!
 
watchlist Created with Sketch. Add MAH (ASX) to my watchlist
(20min delay)
Last
37.5¢
Change
-0.005(1.32%)
Mkt cap ! $808.1M
Open High Low Value Volume
37.0¢ 38.0¢ 36.8¢ $535.4K 1.430M

Buyers (Bids)

No. Vol. Price($)
3 14064 37.5¢
 

Sellers (Offers)

Price($) Vol. No.
38.0¢ 332276 8
View Market Depth
Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
MAH (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.