MAH 3.57% 29.0¢ macmahon holdings limited

From the call:They expect margins to grow further, as Telfer...

  1. 495 Posts.
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    From the call:

    They expect margins to grow further, as Telfer changes work through.
    Indonesian expansion possible in H2.
    Several new Australian gold projects are in tender phase, which sounds promising.
    Positive comments about STA project.
    Expect low 15% effective tax rate next 2 years, as losses soaked up.

    Very solid progress, and many years now of delivering on targets, and growing profits.

    Well overdue a re-rating.
 
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