MAH 2.08% 23.5¢ macmahon holdings limited

exceptional value on mah

  1. DSD
    15,757 Posts.
    I am very bearish re world economy and DOW at 5000 would not surprise me. Hence, i seek stks that are relatively protected from overseas collapse and wild currency fluctuations. MAH fits this bill as it has:
    Long rock solid contracts with biggest companies.
    Plenty of work from various State governments.
    Gets spin-off as preferred contractor for LEI.
    I expect aussie economy to slowmassive over next 2 years or longer. The biggest fear of any government is unemployment. They have already said that large infrastructure projects will be brought fwd. MAH is perfect candidate to fulfill some of these.
    I bought a week ago at 69c and sold at 103c about 3 days later. Was cursing i hadn't bought more. Imagine my delight when the CEO speech matched my expectations almost exactly and the mkt runs for the exits knocking 26% from the SP. I never thoght i would be able to buy MAH at 70c again.... let alone 67c!!! Bought a truckload. These are for the bottom drawer. Steady stream of dividends coming for years. incredible value for a stk that is largely safe with its mining contracts with the biggest blue chips and lots of government work. Wait till Rudd and the States go ballistic with infrastructure next year. MAH and LEI are rubbing their hands. CEO said as much in his address today. Still avail at 70c.
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Mkt cap ! $506.4M
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24.0¢ 24.0¢ 23.0¢ $186.8K 800.1K

Buyers (Bids)

No. Vol. Price($)
2 87793 23.0¢

Sellers (Offers)

Price($) Vol. No.
24.0¢ 77038 3
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Last trade - 16.10pm 27/10/2020 (20 minute delay) ?
-0.005 ( 2.13 %)
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23.5¢ 24.0¢ 23.0¢ 59593
Last updated 15.55pm 27/10/2020 (live) ?
MAH (ASX) Chart
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