MAD 1.29% $6.29 mader group limited

Ann: Executive management appointments, page-3

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  1. 1,940 Posts.
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    I agree - it is currently mildly mispriced by the market IMO. Interesting to note that they are talking diversification - is it looking at different segments of the mining contracting market or is it geographical diversification? I think it is the latter as he mentions trying to corner part of the Canadian market. I would back that move as the Canadian political situation seems relatively stable and the economy does not seem to have the troubles we see in most of the world these days. The move could be a bit of a problem while Covid is preventing overseas travel. I also note that he said he wanted MAD to enter the Canadian market by 2020? - I think he might have meant 2021 or more likely 2022 based on the travel prospects. I forgive him for that - 2020 is going to be a hard year to forget.
 
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