Looking at current SP following recent weakness in the market , I believe a selective Share BB initiated by the board can be a positive way to return value to SH, as well as reduce the slack in free-floating Shares available in the market.
MLD has expanded CAPEX in the last few years, nowadays we are sitting well with $2.3b contracted work mostly in booming commodities of gold and IO, our expected FY21 Revenue is up to 850m.
FY20: Fully frank DIv of 5cps ( excellent yield for retirees /SMSF),
Possible higher Div payment this year on the back of great cash flow and Debt reduction.
Record revenue: $808m for FY20 (up 21% on prior year)
• EBITDA: $120.4m for FY20 (up 70% on prior year)
FY20: $116.6m operating cash flows with a current MKT Cap under 250m or EV of 323m ( seriously undervalued)
• Liquidity:
MACA remains in a position of strong liquidity, with cash of
$114.7m (an increase of $55.4m from 30 June 2019) and net debt of
$73.4m at 30 June 2020 (a decrease of $20.8m from 30 June 2019 before
the impact of AASB 16)
I do believe SBB can be of a benefit to SH at these volatile times and low SP
MACA is Booming, it's time to be capital smart
Would love to get this conversation going, PLS join in
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