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.
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Last
33.0¢ |
Change
0.010(3.13%) |
Mkt cap ! $711.1M |
Open | High | Low | Value | Volume |
32.0¢ | 33.0¢ | 32.0¢ | $365.6K | 1.122M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 159282 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 397192 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 159282 | 0.325 |
4 | 267331 | 0.320 |
5 | 299918 | 0.315 |
1 | 70970 | 0.310 |
2 | 10001 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 397192 | 5 |
0.335 | 588461 | 9 |
0.340 | 454691 | 8 |
0.345 | 43985 | 2 |
0.350 | 402000 | 7 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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