MAH 0.00% 28.5¢ macmahon holdings limited

Bottom Drawer starting to heat up., page-6

  1. 353 Posts.
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    Around 29cps in Book Value, 14% ROCE (pre-tax) and 1.8x EBITDA with a 4.5% div yield whilst we wait.

    Over the last 7 or so years MAH has traded at between 2.2 and over 4x EBITDA. So just getting back to 2.2x is over a 20% return.

    Am frustrated that the major shareholder situation isn't resolved and a buy-back would just increase their stake, but happy to wait it out at current levels.

    All my opinion

 
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