MAH 1.75% 29.0¢ macmahon holdings limited

Ann: Dividend/Distribution - MAH, page-5

  1. 350 Posts.
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    Knee jerk market reaction. Happening quite a lot this reporting season.

    Plenty of good news here including around
    - another increase in pipeline and order book
    - resolution to Batu Hijau which looks nicely capital efficient
    - reconfirmed guidance, and
    - capex which highlights that after significant investment spend, cashflow should improve and ROACE get to 15% "near term" according to the CEO
    - ongoing risk reduction, particularly around alliance style contracts (43% now)and cost protection via rise and fall provisions in other contracts

    Muktiples looks cheap:

    - 0.59x book value - compared to an average of 0.92x and median of 0.75x over the last 5 years

    - 1.5x ebitda - compared to average of 2.9x and median of 2.2x over the last 5 years

    With cashflow improving, this stock should do well.

    Risk seems to be mostly industry specific ie getting people.

    IMO DYOR
 
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Last
29.0¢
Change
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Mkt cap ! $624.9M
Open High Low Value Volume
28.5¢ 29.0¢ 28.5¢ $947.0K 3.286M

Buyers (Bids)

No. Vol. Price($)
5 191558 28.5¢
 

Sellers (Offers)

Price($) Vol. No.
29.0¢ 1741715 7
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Last trade - 16.10pm 17/06/2024 (20 minute delay) ?
Last
29.0¢
  Change
0.005 ( 1.68 %)
Open High Low Volume
28.5¢ 29.0¢ 28.5¢ 732995
Last updated 15.59pm 17/06/2024 ?
MAH (ASX) Chart
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