Date Picked 25-05-2010 Price When Picked $12.340 Company Overview Inside Trader comments:
Here is a stock that has ticked a lot of the boxes.
- Buyer demand and smart money is way up after recent price declines
- Directors have been buying
- 13 brokers give it a buy recommendation
Also, it managed the GFC very well with continuing increasing profits.
This is a good stock for the long term and it is paying a fully franked 6.5% dividend.
Monadelphous Group Limited services include engineering construction, maintenance and industrial services, electrical and instrumentation services, and skystar airport services. The engineering construction services include fabrication and installation of structural steel, tankage, mechanical and process equipment, and piping; construction packages, including civil and electrical disciplines; plant commissioning; demolition and remediation works, and turnkey design and construct services. The maintenance and industrial services include fixed and mobile plant maintenance; minor capital works; shutdown planning, management and execution; specialist concrete and structural maintenance; mill reline services, and labour and equipment hire. MND provides electrical and instrumentation, installation, communications and construction services to heavy industry across Australasia.
From their website...
Monadelphous is a leading engineering group providing extensive engineering construction, maintenance and industrial services to the resources, energy and infrastructure sectors.
An international company, Monadelphous operate major offices in Perth, Brisbane, Adelaide and Beijing. We are focussed on developing our regional engineering support operations which enables us to maximise our core business and diversify into key industry sectors around Australasia. . Demonstrating our broad commodity and service capabilities, we have contracts covering a vast geographic footprint. With our many strategically located sites across Australia, Monadelphous is well placed to take advantage of opportunities flowing from future development projects across a range of commodity segments.
We have developed an enviable reputation for the successful delivery of engineering construction, maintenance and industrial services to the resources, energy and infrastructure sectors throughout Australia.
From humble beginnings, Monadelphous has continued to expand and diversify its geographic, commodity, client and service footprint to attain the pre-eminent position we hold today. Our long history of delivering superior service coupled with a highly customer focussed approach has proved fundamental to our success.
Since re-listing on the ASX Stock Exchange in 1991, Monadelphous has carved a unique place in the landscape of truly great Australian-owned engineering companies.
During this time, we have overcome the uncertainties inherent in commodity markets and changing economic landscapes, to emerge as a key player in the provision of construction, maintenance and industrial service solutions.
MND Price at posting:
$13.00 Sentiment: None Disclosure: Not Held
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