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
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MAH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
34.0¢ |
Change
0.005(1.49%) |
Mkt cap ! $732.6M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 35.0¢ | 33.5¢ | $1.005M | 2.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 41933 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 432963 | 2 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| MAH (ASX) Chart |