MAH 3.57% 29.0¢ macmahon holdings limited

not as bad as some think

  1. DSD
    15,757 Posts.
    I have started a new thread that i hope will avoid idiotic predictions like MAH reaching 20c etc.Yes.... the legal battle re 2 unpaid cotracts has become a lawyers fest and resolution now 6 months away. But extremely likely MAH will get most of what it is asking for.
    2) Some contracts terminated early....... but net effect to revenue of a 40% cut in mining work is about 15%. Shows how mining now the smaller part of MAH workbook.
    3) 2009FY will not inlude any rev from the 250m MAH will earn from RPG5.
    4) MAH IS VERY LIKELY IMO to win some of the big infrastructure spend on roads and rail announced by Fed Govt on weekend.
    5) Current order book for 2010 not much less than this time last yaer.
    6) and most importantly "Additionally there are a number of construction contracts that are in advanced negoitations which is likely to boost the 2010 order book."

    MAH is shell shocked by RPG5 leak and order cancellations in mining.NO blooming way would it state the above unless it was very confident most (if not all) these construction contracts will be signed. I am buying more at 40c. THe diversity of MAH gives it far more strength than is 'mining only' competitors.
 
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