MAH 1.59% 32.0¢ macmahon holdings limited

chart, page-6

  1. 425 Posts.
    Hi MM, charts or tea leaf's others thoughts are just that and in the end we all make (or should) our own decisions.
    The real question on MAH at this time is how much lower will/can it go?
    And why as they have plenty of work in good sectors and are a preferred supplier to LEI who I believe cannot launch a T/O again? for 12? months or more.
    With Acorn's departure continued selling by a major could see LEI make a mutually agreeable approach that MAH could not refuse this time.
    Regardless of Wal's upbeat address LEI have troubles of their own with their share price, today only about $2 above their 52 week low so perhaps the timing is not good for them right now but can they afford to let it slip?
    So after all the tea leaf reading I am greedy and will be adding tomorrow to the MAH I have held for years.
    Good Luck.
 
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