Tend to think the market is forward thinking in valuing M/S Co's. Right now many look cheap on current earnings but with reduced margins and fast forward 6 months things may be a deal worse in outlooks.
When metal prices have another rally the miners themselves will get an immediate effect reflected in their SP but this may not lead to additional/new work for contractors. Personally I would target miners themselves that are currently profitable.
That being said MND is the premiere M/S co.
yield of 16%? some estimates re MND, page-5
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Last
$12.91 |
Change
0.230(1.81%) |
Mkt cap ! $1.270B | |||
| Open | High | Low | Value | Volume |
| $12.68 | $12.93 | $12.46 | $3.324M | 258.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $12.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.93 | 751 | 1 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| MND (ASX) Chart |