As I mentioned in another MAH thread only recently, I felt a reasonable annual report would to see the SP push through the 30 cent barrier, so there's no complaints from me.
In regards to the Decmil acquisition, without considering the potential growth, diversity and scalability comments made by the company, from what I can see for $104m cash, MAH received:
- $53.8m franking credits, of which $4.95 million were used to pay FY24's final dividend; franking balance is still $49 million.
- 200 trained employees in a tight labour market
- Usable tax losses of $180 million
- Homeground Village in Gladstone; Decmil were trying to sell for circa $60 million (most likely overvalued)
- All for no net debt at the end of FY25.
From a financial perspective I don't think that's too bad a deal, but time will tell if clients, contracts or integration issues cause any problems for MAH.
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Last
31.0¢ |
Change
0.010(3.33%) |
Mkt cap ! $668.0M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 31.0¢ | 29.5¢ | $193.4K | 635.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 42103 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 499801 | 4 |
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| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| MAH (ASX) Chart |