MAH 2.22% 23.0¢ macmahon holdings limited

What does it all mean

  1. 212 Posts.
    As at 30 June the net assets of the company were assessed at $432 million. As at 31 December 2014 issues with Mongolia had not been resolved and presumably are reflected in the proposed writedown of $125 to 135 million.

    Any recovery in the second half will be a bonus.

    This still leaves net assets of $300 million and given 1261 million shares that is equivalent to about 25 cents per share or 4 times the current share price.

    Obviously there is a disconnect between the current sentiment and the value of the business.
 
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