This would be quite a major coup for MAH if the board manages to pull off a deal. The construction division of the company provided for 26% of profits in the last financial year. Given our current market cap of $196M, a sale for anything above $51M would be above current market value. We could potentially move to a net cash position as well, which would in theory position the company quite nicely for any funding requirements at CC. Further it would derisk the stock considerably; there's no denying that the company is a better miner than a constructor. I'm quite looking forward to seeing what we get for this now; it could be better news than many originally thought!
macmahon to sell off construction to leighton, page-12
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Last
33.0¢ |
Change
-0.010(2.94%) |
Mkt cap ! $711.1M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.5¢ | 31.5¢ | $1.704M | 5.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11201 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 350559 | 3 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MAH (ASX) Chart |