Yes, profit downgrade but the company is worth 41 cents just on net tangible assets.
I think Leighton may soon have a sparring partner.
MAH has quality long term contracts and relationships in mining however they do not have quality people at the top.
Do not be surprised to hear of a new CEO appointment.
In my opinion MAH is good buying under 45 cents. Goodwill has to be worth at least 4 cents per share ($29 million).
The company is not in a distressed state nor too is the balance sheet but I'm sure Nick Bowen is distressed.
I would be very surprised if the ASA (Australian Shareholders Association) don't start making some pretty big noise approaching AGM.
Good luck guys,
;)
Nic
41 cents per share nta
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Last
35.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $765.0M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 36.5¢ | 34.5¢ | $894.4K | 2.535M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 57400 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 5495 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| MAH (ASX) Chart |