At the AGM at the end of last year, it was stated that the forecast revenue for the 2015 Financial Year has been revised to a range of $750m – $850m which is down from $750m – $1 billion. Net profit will be significantly less than last year.
FMG exposure is also a risk with Christmas Creek moving to a 2 contractor model.
There will need to be an asset write-down at some point with a third of the fleet currently idle.
I still hold but it is a tough time for mining services companies.
Good signs ahead, page-13
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Last
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $624.9M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.3¢ | 28.5¢ | $643.1K | 2.218M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 179222 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 292525 | 3 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MAH (ASX) Chart |