Revenue 1H18 was 874m.
I'm forecasting revenue in 2H18 to come in at 787m which is 10% drop from 1H18
2H18 EPS of 36c
2H18 Div of 32.5c.
The leap in 1H18 won't be sustained and margins will remain about the same.
With contractors the mkt effectively gets a daily update. MND stated they have gained an additional 385m of work since 1st July but they burn through 800m/six months. Its almost 4 months since MND announced anything substantial and that's a long time between drinks. Yet SP is at $15.45 indicating Mr Mkt expects more contracts soon. Maybe in renewables?
Made 6 trades on MND over past few years (all documented on this thread) and 5 were profitable. The macro is modest at best and if SP surges again it will provide opportunities.
MND Price at posting:
$15.45 Sentiment: None Disclosure: Not Held
(20min delay)