MAH 0.00% 22.0¢ macmahon holdings limited

Not missing these guys, not crying a tear for today's announcement

  1. 173 Posts.
    lightbulb Created with Sketch. 66
    So CIMIC came out with a writedown today. I recall the days where they launched a $0.145 cents per share offer for MAH and were so arrogant their first bid was best and final.

    Well that did not go well for them, today they announce a 1.8 Billion writedown and the shareholders proceeded to write down the share price by 19.44% Ouch.

    Continue to hold this one as I am hoping the upside from the Indonesian relationship will accelerate this year.

    Maybe the BoD should call Michael Wright at CIM and lob a low ball offer in for some of his assets smile.png

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