What a great company.Strong financials and future contracts.Is...

What a great company.
Strong financials and future contracts.

Is there a possibility that the weakness in SP is attributable to the wider lack of skilled workers/affordable workers in AUS?
With this in mind the whole mining sector may experience stunted growth and companies could see lower incomes.
My thoughts have gone in this direction because i cannot see any other reason for MAH to be this undervalued.

The actual EV is below the market cap thanks to the $143M in cash that MAH has. This is not common.
It should in my mind be trading for at least the equity value of the business, or $0.25 per share.
Would make for a nice 25% profit if the market would agree with us.
This would put the dividend at 2% to 2.5% working of previous dividends.
This should however increase over the next year with the increased order book.

I do think that this will be back to its book value within 12 months, if it remains at this price I will consider becoming a holder if I happen to have capital available.