We know the following:
Positives:
- NTA 18c;
- Gold Fields - extended contract 18/12 - leveraging under-utilised assets;
- most operations appear to be performing well;
- still on track with FY16 revenue forecast of $330-360M.
Negatives:
- Nigerian business has been underperforming;
- increased capital requirements in 1H16 to kick-start new projects;
- Challenging market conditions continue to weigh on the sector;
- no recent news on the shareholder class action announced 9-Nov-15.
Net cash position at 30-Jun-15 of $74.2M
Net cash position at 31-Dec-15 of $66.7M
Assuming Net Cash will be somewhere in the $50'sM at 30-Jun-2016
Macmahon has spare capacity for some underground contracts but contracting market is v. challenging atm.
When Macmahon are not in the market with share buyback there is a natural drift down with no news IMO.
We know the following: Positives: - NTA 18c; - Gold Fields -...
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Last
28.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $614.1M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.5¢ | 27.5¢ | $2.024M | 7.225M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 169963 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 378234 | 8 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| MAH (ASX) Chart |