Plateaus are all well and good in terms of concentrating and...

Plateaus are all well and good in terms of concentrating and elevating the “vibe”.......but there’s an accompanying danger of going completely off the boil altogether .

It seems whenever MAH hits 24c it goes flat again .

Meanwhile fundamentally, as of last August :
https://www.australianmining.com.au/news/macmahon-contract-wins-guide-2018-revival/
“Macmahon contract wins guide 2018 revival
August 24, 2018News Ewen Hosie
......“At $710 million, the company’s annual revenue represented a 98 per cent increase on the company’s 2017 financial year results and was ahead of company guidance estimates released in February 2018, the same month the company reported its return to profitability.

Macmahon’s earnings before interest and tax (EBIT) were up in the 2018 financial year to $41.2 million, a stark contrast to the previous year’s loss of $1.7 million.

The growth is expected to continue over the next year based on company guidance of $1 billion in contracted work in the 2019 financial year and a pipeline of tender opportunities worth over $7 billion (with $5 billion among existing clients).

In 2019, EBIT is expected to increase to $70–80 million and revenues are expected to increase to $950 million–$1.5 billion as the company continues its growth.



Not un exciting to some although Macmahon is slow to rouse ..... possibly because agreeing to settle a class action will deduct $6.7million off it’s results.
(The impact if that was to immediately drop the price from a high of 27c on October 5, 2018 to current levels )

This is what a picture of it’s turn around since August 2017   looks like on the price  chart almost 18 months later
Half yearly results are expected February 22..







*Oct 4 (Reuters) - Macmahon Holdings Ltd (MAH) :

• REACHED DEAL TO SETTLE CLASS ACTION PROCEEDINGS THAT COMMENCED AGAINST IT IN FEDERAL COURT OF AUSTRALIA IN NOVEMBER 2015
• IMPACT OF SETTLEMENT WILL BE RECORDED IN MACMAHON'S FINANCIAL RESULTS AS A ONE-OFF CHARGE TO ITS INCOME STATEMENT FOR 2019 FY
• UNDER TERMS OF AGREEMENT MACMAHON WILL PAY $6.7 MILLION IN FULL AND FINAL SETTLEMENT OF PROCEEDINGS
• PROCEEDINGS RELATED TO MARKET DISCLOSURES BY CO IN 2012 REGARDING A CONSTRUCTION PROJECT IN THAT YEAR
• IMPACT OF SETTLEMENT IS EXCLUDED FROM UNDERLYING FY19 EBIT GUIDANCE OF $70 - $80 MILLION ON REVENUE OF $950 - $1,050 MILLION