$MAH $MAH.ASX that Volume trying to say something
$MAH $MAH.ASX that Volume
Macmahon Holdings Limited (MAH) is an Australian company providing mining services to clients throughout Australia, New Zealand, South East Asia and Africa. Mining services range from mine development to materials delivery, design, construction and on-site services for mining companies, across a variety of base and precious metals and commodities. MAH provides surface mining, underground mining, engineering, and plant and maintenance.
Macmahon Holdings Limited (MAH) is an Australian company providing mining services to clients throughout Australia, New Zealand, South East Asia and Africa. Mining services range from mine development to materials delivery, design, construction and on-site services for mining companies, across a variety of base and precious metals and commodities. MAH provides surface mining, underground mining, engineering, and plant and maintenance.
Transaction en cours:
$MAH.ASX has a lot more room to push higher from here
Transaction en cours:
Macmahon lands coal mine, mineral sands contracts
Another mining services firm to win contracts is Macmahon (ASX:MAH), which this week has won a $23m earthworks moving and road access construction contract at WA mineral sands company Strandline Resources’ (ASX:STA) Coburn project.
The firm gained a $700m contract last month for expanded work at QCoal Group’s Byerwen coking coal mine in Queensland, putting Macmahon on track for revenue of $1.3bn in the 2020 financial year.
Byerwen is lifting its production to 10 million tonnes per annum, and there is an option for QCoal to expand Macmahon’s three-year contract for an extra two years.
This extension which would mean total revenue from the Byerwen contract for Macmahon could top $1bn, the company said.
Another mining services firm to win contracts is Macmahon (ASX:MAH), which this week has won a $23m earthworks moving and road access construction contract at WA mineral sands company Strandline Resources’ (ASX:STA) Coburn project.
The firm gained a $700m contract last month for expanded work at QCoal Group’s Byerwen coking coal mine in Queensland, putting Macmahon on track for revenue of $1.3bn in the 2020 financial year.
Byerwen is lifting its production to 10 million tonnes per annum, and there is an option for QCoal to expand Macmahon’s three-year contract for an extra two years.
This extension which would mean total revenue from the Byerwen contract for Macmahon could top $1bn, the company said.
Transaction en cours:
Come on Move up
Transaction en cours:
Here is the Monthly Chart
Transaction en cours:
• Another strong result that again delivered on guidance:
• FY20 revenue of $1,380.4m up 25%
• Record earnings, including:
‒ EBITDA of $238.7m up 32%
‒ EBIT(A) of $91.6m up 22%
• Earnings driven by organic growth, GBF acquisition
contribution (11 months) and new work including Boston
Shaker
• EBIT margin lower as expected, however improved in second
half - includes lower margin associated with GBF, expected to
improve with scale
• No Australian tax expense due to deferred tax assets.
Expected benefit over next 2 years and effective tax rate of
~15%
• Final dividend of 0.35 cps (30% franked) declared
• Minor impact from AASB 16 Leases adoption (see Appendix)
• FY20 revenue of $1,380.4m up 25%
• Record earnings, including:
‒ EBITDA of $238.7m up 32%
‒ EBIT(A) of $91.6m up 22%
• Earnings driven by organic growth, GBF acquisition
contribution (11 months) and new work including Boston
Shaker
• EBIT margin lower as expected, however improved in second
half - includes lower margin associated with GBF, expected to
improve with scale
• No Australian tax expense due to deferred tax assets.
Expected benefit over next 2 years and effective tax rate of
~15%
• Final dividend of 0.35 cps (30% franked) declared
• Minor impact from AASB 16 Leases adoption (see Appendix)
Trade fermée manuellement:
Sold it on thursday as the price was trapped and was not moving at all. on Friday the price moved lower and it is looking weak.