Good signs ahead, page-3

I'm bullish on the value in Macmahon but even I reckon this is pretty optimistic.

Underlying profit this year will be much lower than last year's $30m - more like $10m-$15m, could be even lower. Statutory profit will be a big loss given an inevitable write down of goodwill plus a likely hit on idle PPE in Mongolia and elsewhere.

Interesting to see how Mongolia pans out. I still reckon they are over it and will look to sell it given the problems they have encountered there. I also reckon they will take a hit on it. Certainly looking more positive though.