I would keep a close watch on MacMahon. The share price has remained stable for a month or so, and on lower than normal volume. Something is brewing.
With so little work available to bid on, surely the sector has to consolidate. Keep a watch on major shareholder Leighton.
To me, the share price is too low. But why? Uncertainty I guess. With reporting season about to commence, and a potential change in government, it may pay to jump on. Possibly at 12c, but may not get there.
I can still remember the days when I sold MAH shares at $1.71 about 5 years ago!! Oh the memories!
the year of strength for macmahon, page-17
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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 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MAH (ASX) Chart |