MAH 2.27% 22.5¢ macmahon holdings limited

Things were pretty bad a few years back. They were losing money...

  1. 291 Posts.
    lightbulb Created with Sketch. 61
    Things were pretty bad a few years back. They were losing money on a lot of Construction jobs. Ended up with them firing some Managers and ultimately getting out of Construction altogether. Then they sold all their heavy equipment really cheap, which led to an Activist investor getting onboard and saying that the Board were screwing shareholders.

    But thankfully those days are well behind us. Once they get Telfer back on track (they appear to be making progress), things will look a lot better IMO.
 
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