Is there still a chance of an adverse court ruling / liability from the claim against MND by WICET? Last I checked this was somewhere around $90-$130m.
Latest mention by MND I could find was this could be sorted in the second half of 2016 FY.
Surely they cannot pay a special dividend until the court finds that there are no damages payable to WICET by MND.
Also note re excess cash balance: good mining services / construction companies generally carry a bit of excess cash on their balance sheets as a buffer against contract mispricing risk (which in itself is a kind of "off balance sheet risk" that is very hard to identify). To their credit, MND have a very good record so far in not over-running contracts.
Is there still a chance of an adverse court ruling / liability...
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Last
$12.89 |
Change
0.330(2.63%) |
Mkt cap ! $1.260B | |||
| Open | High | Low | Value | Volume |
| $12.82 | $12.94 | $12.78 | $2.379M | 184.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 298 | $12.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.89 | 633 | 2 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| MND (ASX) Chart |