I think MND are well positioned and will appreciate nicely in the next 12 months. While the construction boom has ended pressure is also off costs ie: wages, subbies etc are all more competitive since the end of the boom. Competition amongst the contracting companies has also reduced with a number of smaller contactors going under and others being taken over by cashed up companies like the CIMIC purchase of UGL.
This reminds me of the banking sector after the end of the GFC
Ann: Half Year Accounts, page-24
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Last
$12.38 |
Change
-0.020(0.16%) |
Mkt cap ! $1.218B | |||
| Open | High | Low | Value | Volume |
| $12.30 | $12.54 | $12.26 | $2.742M | 221.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 656 | $12.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.39 | 490 | 1 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| MND (ASX) Chart |