MAH 1.52% 32.5¢ macmahon holdings limited

ann out: update-equity raise-suspension, page-10

  1. 1,038 Posts.
    The Offer Price represents a discount of approximately 28.3% percent to the Theoretical Ex-Rights Price.

    TERP 22.5c. I wouldn't hold your breath, 17-19c if you're lucky.

    The upper echelon knew this was coming as the share continued to fall EVEN after the Christmas Creek announcement, it's an easy game when you know the playbook. Once again investors have been completely derailed by a company and the vultures circling the carcass get the meal thanks to the fortune cookie that fell in their lap prior to their reservation.

    MAH will be a better bet when it's all done but the upside is not worth the risk and definitely not worth the wait.
 
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