MND don't publish the size of their order book. Instead they use 'new contracts'. In 12 mths of FY17 firm secured 1800m in new orders. In first 233 days of FY18 new orders totalled 385m. Should new new accruse at same rate for rest of FY18 it amounts to 603m, a massive drop. 2Hfy18 will be 10% weaker than 1Hfy18... but someone considering buying MND must consider how much work will be on hand for FY19. Big contracts needed asap. Renewables might be it as there is no more LNG/oil construction work on the horizon and IO is already in oversupply
PS. A good indicator of IO price is FMG SP esp as it has no other source of income.
MND don't publish the size of their order book. Instead they use...
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Last
$13.12 |
Change
-0.120(0.91%) |
Mkt cap ! $1.278B | |||
| Open | High | Low | Value | Volume |
| $13.21 | $13.27 | $13.07 | $2.628M | 199.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1084 | $13.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.14 | 628 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$13.09 |
Change
-0.120 ( 1.13 %) |
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| Open | High | Low | Volume | ||
| $13.21 | $13.26 | $13.06 | 52661 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| MND (ASX) Chart |