Australian (ASX) Stock Market Forum

MND - Monadelphous Group

Jump to new
BraceFace

BraceFace

Joined
2 October 2005
Posts
234
Reactions
0
OK, I've done a search and there doesn't seem to be a thread for this company.

This one has been on my watchlist for a while and appears to be good value at $6.00. Has been up to $7.00 when the resource sector was booming.

This is one of those companies that is still resources driven but does not have the same volatility as a true resource/exploration company. In other words, commodity price fluctuations shouldn't have such an impact on the share price.

Would any one else be prepared to make a comment or observation about MND and perhaps suggest a buy, sell or hold rating?

Most brokers seem pretty bullish on it.
 
Re: MND - Monadelphous

Worked for them up north.....don't have the best rep on the planet as far as I'm concerned in that way....try to pay workers peanuts so get monkeys...hence the rep.

good luck....that was a few years ago, but I doubt they've changed much though.
 
Re: MND - Monadelphous

pacer said:
Worked for them up north.....don't have the best rep on the planet as far as I'm concerned in that way....try to pay workers peanuts so get monkeys...hence the rep.

good luck....that was a few years ago, but I doubt they've changed much though.
Click to expand...

Hi do you own MND?

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 35.2 52.0 58.8 62.3
DPS 33.0 44.0 38.0 41.0

EPS(c) PE Growth
Year Ending 30-06-07 52.0 17.1 47.5%
Year Ending 30-06-08 58.8 15.1 13.1%

thx

MS
 
Re: MND - Monadelphous

MND has been good for me.. Bought for 3.96 in Sep. 05 and were 8.94 yesterday.. I must admit that the PE is starting to get a bit high but..
 
Re: MND - Monadelphous

Lert said:
MND has been good for me.. Bought for 3.96 in Sep. 05 and were 8.94 yesterday.. I must admit that the PE is starting to get a bit high but..
Click to expand...

However EPS 37c for the half year

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 35.2 53.9 59.8 65.1
DPS 33.0 44.0 44.5 55.0

Above expectations u think?

thx

MS
 
Re: MND - Monadelphous

2nd half to wind down - re read the ann

stock has already doubled mhkforever, lot of easy money has been made
 
Re: MND - Monadelphous

Halba said:
2nd half to wind down - re read the ann

stock has already doubled mhkforever, lot of easy money has been made
Click to expand...

February 20, 2007
SURGE IN RESOURCES PROJECTS DRIVE RECORD PROFIT
· Sales Revenue $499.4M (+105%)
· EBITDA $48.7M (+134%)
· Profit after Tax $31.4M (+152%)
· Earnings per Share 38.5c (+147%)
· Final Dividend 22cps ff (+144%)

“However, with a number of projects ramping down, the second half is expected to see a return to a more normalised level of activity. Full year revenues for 2006/07 are expected to exceed $800 million – over 50 percent up on the 2005/06 trading result of $532 million.

“The flow of revenues from engineering construction projects will, however, continue to be heavily impacted by project timing and capacity utilisation. Any expectations of continuous year-on-year growth for this part of the business should be treated with caution."

They always understimate themselves!

thx

MS
 
Re: MND - Monadelphous

Halba said:
its clearly gone mhkforever why bother, focus on other stocks
Click to expand...

They say 800 million in revenue full year, i think they will get 1billion!

They are the next Worley Parsons imo! They have alot of potential thats the problem!

thx

MS
 
Re: MND - Monadelphous

do you hold mnd mhkforever? why haven't you bought this thing earlier, it has run from $5 to $12 in a yr. No point buying now, worley is international hard to compare


i had 3000 of these, sold em coz they did nothing for ages :banghead:

My response is to put lots of money in uranium stocks/metal stocks/iron ore and see how i go.

these resource companies have plenty left in the tank
 
Re: MND - Monadelphous

Halba said:
do you hold mnd mhkforever? why haven't you bought this thing earlier, it has run from $5 to $12 in a yr. No point buying now, worley is international hard to compare


i had 3000 of these, sold em coz they did nothing for ages :banghead:

My response is to put lots of money in uranium stocks/metal stocks/iron ore and see how i go.

these resource companies have plenty left in the tank
Click to expand...

I bought them at $6.50 :)

thx

MS
 
Re: MND - Monadelphous

Halba said:
do you hold mnd mhkforever? why haven't you bought this thing earlier, it has run from $5 to $12 in a yr. No point buying now, worley is international hard to compare


i had 3000 of these, sold em coz they did nothing for ages :banghead:

My response is to put lots of money in uranium stocks/metal stocks/iron ore and see how i go.

these resource companies have plenty left in the tank
Click to expand...

Hi which iron ore stocks did u buy/hold?

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 71.1 73.0 81.4 92.6
DPS 66.0 66.0 73.0 75.0

Thanks

MS


Date: 6/11/2007
Author: Steven Scott; Mark Skulley
Source: The Australian Financial Review --- Page: 10
There are many mining corporations preparing for a possible change of governmentafter the 24 November 2007 election. In early November, it is believed thatcompanies such as Monadelphous, Minara Resources and Newcrest are planning aswitch from Australian Workplace Agreements (AWAs) to the non-union collectiveagreements under the Australian Labor Party's proposed industrial relations(IR) policies and law reforms. BHP Billiton has also offered five-year AWAs toits Roxby Downs staff in South Australia
Click to expand...
 
MND - Monadelphous

It has been heading north over some time now and I cannot find the reason.
The companies own outlook was for 'average'.
 
Re: MND - Monadelphous

I sold this at the beginning of the year (when it stayed below the MA for some weeks) in order to protect profits. It's now about $3 higher so it was a pointless exercise. Ah, wish there was the occasional crystal ball available.
 
Re: MND - Monadelphous

Julia said:
I sold this at the beginning of the year (when it stayed below the MA for some weeks) in order to protect profits. It's now about $3 higher so it was a pointless exercise. Ah, wish there was the occasional crystal ball available.
Click to expand...

Its written in the stars Julia. Buy...the price goes down. Sell... the price goes up. A friend of mine says you can't go wrong by taking a profit. Still you can't help thinking of what might have been...
 
Re: MND - Monadelphous

Calliope said:
Its written in the stars Julia. Buy...the price goes down. Sell... the price goes up. A friend of mine says you can't go wrong by taking a profit. Still you can't help thinking of what might have been...
Click to expand...
Indeed. And while I gnash my teeth over this and a similar situation with CPB, I remind myself of all the stocks where I did the same thing and they are now substantially lower. A sense of balance has to be found.
 
Re: MND - Monadelphous

Anyone else still following this stock?

I hold parcels in both my trading account and longer term investment account so take my view with a grain of salt as currently I'm biased:).

Technically looks to be forming a base with $6.00 very good support - my trading parcel is based off this, want to see a break and hold (consolidation) above $7.00 and eventually $7.50 for a continued bullish view.

Fundamentally (not my strong point so will be pretty basic). They have just released some good half FY figures and look to be in a very strong position atm even considering they are in a market that could be hit very hard by the economic downturn (this is the only concern I have) but atm they have a very strong order book.

-Not a large amount of shares on issue - about 84 million
-Very low debt levels
-Strong cash position
-Currently doing a share buyback (while most other companies are issuing shares to raise money)
-Very good yield atm.

If they can weather the current storm without blowing its cash and keeping its debt levels low it could be a very good long term yield stock with good growth potential as well (my investment account). The next 6-12 months will be interesting.
 
Re: MND - Monadelphous

nomore4s said:
Anyone else still following this stock?

I hold parcels in both my trading account and longer term investment account so take my view with a grain of salt as currently I'm biased:).

Technically looks to be forming a base with $6.00 very good support - my trading parcel is based off this, want to see a break and hold (consolidation) above $7.00 and eventually $7.50 for a continued bullish view.

Fundamentally (not my strong point so will be pretty basic). They have just released some good half FY figures and look to be in a very strong position atm even considering they are in a market that could be hit very hard by the economic downturn (this is the only concern I have) but atm they have a very strong order book.

-Not a large amount of shares on issue - about 84 million
-Very low debt levels
-Strong cash position
-Currently doing a share buyback (while most other companies are issuing shares to raise money)
-Very good yield atm.

If they can weather the current storm without blowing its cash and keeping its debt levels low it could be a very good long term yield stock with good growth potential as well (my investment account). The next 6-12 months will be interesting.
Click to expand...

Yeah good results all round :)

MONADELPHOUS DELIVERS
ON PROFIT GROWTH FORECAST
· Sales Revenue $562.7M (+22.3%)
· EBITDA $57.5M (+11.9%)
· Operating Cash Flow $74.5M (+400.1%)
· Profit after Tax $36.8M (+14.9%)
· Earnings per Share 43.7c (+13.1%)
· Interim Dividend 30cps ff (+3.4%)
· Net Cash Position $129.7M (+187.5%)

Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS 77.2 87.0 76.9 73.0
DPS 72.0 75.5 74.0 65.0

MND.jpg


thx

MS
 
Re: MND - Monadelphous

This stock has really taken off lately - up over $9.00 now.

I would like to see some consolidation over $9.00 now to build a stepping stone for higher prices. Probably be some resistance somewhere between the $10-$12 range.

I still like this stock long term but lets see what the next 12 months brings.
 
Re: MND - Monadelphous

nomore4s said:
This stock has really taken off lately - up over $9.00 now.

I would like to see some consolidation over $9.00 now to build a stepping stone for higher prices. Probably be some resistance somewhere between the $10-$12 range.

I still like this stock long term but lets see what the next 12 months brings.
Click to expand...

Not bad this one but 10-12 is quite expensive, however it has been quite relaible this stock

Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS 77.2 86.7 82.1 80.5
DPS 72.0 75.0 74.0 65.0

1519.jpg


thx

MS
 

Similar threads

CNHTractor
Superhero - Afterpay/Zip backers fund Robinhood-style trading platform
Replies
13
Views
5K
Dona Ferentes
Dona Ferentes
bigdog
J Capital Research
Replies
1
Views
2K
greggles
greggles
R
The 7 Moats of Quality Companies
Replies
7
Views
6K
divs4ever
divs4ever
G Gekko
Rate My Picks
Replies
9
Views
5K
Trembling Hand
Trembling Hand
C
Asian Markets Fundamental Outlook
Replies
6
Views
5K
CFDTrading
C
Top