MND has enjoyed fabulous ROE across the work it has done during mining boom. From Clime: Av NROE (over 5 yrs) 84.4%, FY14 NROE 62.8%, Forecast NROE 40%. That's still too high imo. I wrote previously that from here on MND will have margins at a substantial reduction from previous history. It can't be any other way. Have same number (almost) contractors/consultants fighting over a smaller pie. Plus companies demand contractors do work at ever cheaper prices as commodities fall in price.Hence I expect future EPS for MND to continue falling. We'll have to wait and see. Plus redundancies can be hellishly expensive. Needs macro to improve which is unlikely imo.
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Last
$11.98 |
Change
0.160(1.35%) |
Mkt cap ! $1.176B |
Open | High | Low | Value | Volume |
$11.93 | $11.99 | $11.85 | $1.416M | 118.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 552 | $11.97 |
Sellers (Offers)
Price($) | Vol. | No. |
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$12.00 | 1030 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 552 | 11.970 |
1 | 560 | 11.960 |
1 | 538 | 11.950 |
1 | 1030 | 11.900 |
1 | 1030 | 11.880 |
Price($) | Vol. | No. |
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12.000 | 1030 | 1 |
12.020 | 1030 | 1 |
12.030 | 1030 | 1 |
12.050 | 1176 | 2 |
12.210 | 225 | 1 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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