MAH 1.75% 29.0¢ macmahon holdings limited

Not sure who is the bunny here.Sembawang seems to have missed...

  1. 494 Posts.
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    Not sure who is the bunny here.

    Sembawang seems to have missed the point that MAH is keeping $40 million of equipment in selling its construction business to Leighton, so offering only $38 million is not compelling.

    Sure, Sembawang may or may not have assumed the contracts/liabilities which Leighton would not purchase. Noone knows, unless and until they do diligence.Nor do we know if they will be profitable.

    On what I know now,I will vote in favour of the LEI sale,and I am looking forward to the Xmas Creek announcenment and MAH becoming a dedicated mining contractor.
 
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