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.
I'm bullish on the value in Macmahon but even I reckon this is...
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Last
34.0¢ |
Change
0.005(1.49%) |
Mkt cap ! $732.6M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 35.0¢ | 33.5¢ | $1.005M | 2.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 41933 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 432963 | 2 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| MAH (ASX) Chart |