MAH - Macmahon Holdings

[Kauri]

.....furthermore feel pretty wounded today with UGL loosing out to DOW in the tender -$15K......makes me sort of humble ,meek and time for a glass of chardonnay!

3 views...
and rather funny (if thats the right word), that both DOW and UGL made the bulk of their intraday moves before the trading halts/ ann's. Check out the intraday charts.

 

[GreatPig]

Heading back to a new lower trendline perhaps?

GP

 

[Sean K]

Dead cat bouncing well. Back up 8% atm.

Still well above long, long term ma, and 200d ma.

Might have been a buying opp yesterday afternoon.

 

[Sean K]

Bouncing off support line at $0.825 ish, and 200d ma. Pretty reliable indicator there. Lost count of the amount of stocks I have seen that occur. Good moves on the MACD perhaps starting a trend up again. It's been a bit volatile, but it's going up...

I was going to sell this if it broke the 200 d ma. Lucky MAH, lucky!

 

[Sean K]

Still generally going up and heading back to previous highs but will find some trouble around $0.90 again. MACD still going up and might be about to hit signal line shortly which will be a good sign. Not much news lately on the contract front. With the sale of Allplant seems like they going to focus on contract mining. I'm still waiting for a takeover from one of the big players but this seems like never materialising to me. I've been waiting about 18 months...getting impatient! Come on LEI/WOR/DOW start a bidding war....Any other holders going to switch out, or holding long term?

 

[Sean K]

I must be the only one on this. Anyone?

Hopefully the break through 90 cents will make it support now. This big ascending triangle will have to be smashed soon...surely! Please....

I'm still holding for the long anticipated takeover. Perhaps I'm dreaming...

 

[Kipp]

I must be the only one on this. Anyone?

Hopefully the break through 90 cents will make it support now. This big ascending triangle will have to be smashed soon...surely! Please....

I'm still holding for the long anticipated takeover. Perhaps I'm dreaming...

I'm sure I don't need to tell you this but poor MAH was sold don pretty heavily today. I have a flip through their half-yearly report and it didn't look to bad too me- though excluding the sale of All-Plant only managed a EPS pf 2.2c... not too breath-taking.

But always worthwhile to consider how MacMahon has been prefroming relative to the sector, which has been enjoying some golden times.

 

[Sean K]

Seems to have well underperformed. I think I might have had enough waiting for the takeover....time to put the money elsewhere perhaps.

 

[Sean K]

I sold out of this at the bottom of it's recent form I think. Maybe bad timing. Something's going on here. That takeover finally happening?

 

[hypnotic]

Something is defintiely brewing here just look at the volume!!

and these are the last ten trades of the day... Look LARGE orders....
can anyone explain why??? I am still holding


04:33:33 PM 0.970 1,020
04:10:44 PM 0.970 1,514,835
04:10:44 PM 0.970 894,668
04:10:44 PM 0.970 7,000
04:10:44 PM 0.970 601,916
04:10:44 PM 0.970 10,046
04:10:44 PM 0.970 486,370
04:10:44 PM 0.970 13,630
04:10:44 PM 0.970 6,370
04:10:44 PM 0.970 10,000

 

[Sean K]

Something is defintiely brewing here just look at the volume!!

and these are the last ten trades of the day... Look LARGE orders....
can anyone explain why??? I am still holding

04:33:33 PM 0.970 1,020
04:10:44 PM 0.970 1,514,835
04:10:44 PM 0.970 894,668
04:10:44 PM 0.970 7,000
04:10:44 PM 0.970 601,916
04:10:44 PM 0.970 10,046
04:10:44 PM 0.970 486,370
04:10:44 PM 0.970 13,630
04:10:44 PM 0.970 6,370
04:10:44 PM 0.970 10,000


It's got to be a takeover. What a shame I missed it. I suppose hasn't been ann yet and might be time to get in. I wouldn't be surprised if there's a speeding ticket at the office right now.

 

[disarray]

last weeks ASX announcement about Hunter Halls month long selloff selloff of 20 million shares is probably to blame for that. its not a heavily traded stock by any stretch so considering the volume it didn't hurt the share price too badly imo, and the 80c support line was up to the challenge.

its just broken $1 with the only higher resistance being 10 years old, and the market depth shows about 1 mil worth of buyers and 500k worth of sellers. also one of the execs just cashed 75,000 options. if it opens well this coming week i think i might throw a bit of money at it.

 

[michael_selway]

04:33:33 PM 0.970 1,020
04:10:44 PM 0.970 1,514,835
04:10:44 PM 0.970 894,668
04:10:44 PM 0.970 7,000
04:10:44 PM 0.970 601,916
04:10:44 PM 0.970 10,046
04:10:44 PM 0.970 486,370
04:10:44 PM 0.970 13,630
04:10:44 PM 0.970 6,370
04:10:44 PM 0.970 10,000


It's got to be a takeover. What a shame I missed it. I suppose hasn't been ann yet and might be time to get in. I wouldn't be surprised if there's a speeding ticket at the office right now.

True but maybe because good results came out on 30/04/07, reaffirmed forecasts EPS and some new contracts as well

thx

MS

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 5.4 6.1 8.0 9.2
DPS 2.5 2.5 3.5 4.0

EPS(c) PE Growth
Year Ending 30-06-07 6.1 16.4 12.8%
Year Ending 30-06-08 8.0 12.5 31.2%

 

[Sean K]

LEI has taken a stake and offered a takeover by the look, which has been turned down.

This might turn into a hostile takeover, or an auction between LEI and another large player (WOR, DOW).

Should add some value to MAH I assume.

Damn it!! I held this for about 3 years waiting for this and now I'm out.

 

[Sean K]

LEI ann appears to be saying that they have NO intention of taking them over.

Perhaps it's just an 'investment' (read: blocking stake) now like they have with DOW.

Lucky, I thought I had missed the boat.

 

[Sean K]

LEI ann appears to be saying that they have NO intention of taking them over.

Perhaps it's just an 'investment' (read: blocking stake) now like they have with DOW.

Lucky, I thought I had missed the boat.

Don't want to take them over. Right!!

Leighton Increases Stake In Macmahon To 12%
Report31/07/2007 08:06AM AEST

SYDNEY (Dow Jones)--Leighton Holdings Ltd. (LEI.AU) has conducted an on market share raid on engineering contractor Macmahon Holdings Ltd. (MAH.AU) after being spurned by Macmahon, taking its stake to around 12%, the Australian Financial Review reported Tuesday.

Without citing sources, the newspaper said Leighton purchased the majority of the 41 million shares that were traded in Macmahon Monday, after it was outed as a potential suitor.

Macmahon said yesterday it had rejected an approach from Leighton, which had been looking to take a 30% stake in the group along with several board appointments.

Leighton said Monday it didn't intend to make an offer for Macmahon.

Wonder what's next. LEI might be just preventing any other easy poaching of MAH doing this. Still, could be a chance of a hostile bid...

 

[LRG]

These went up to $2 recently and then pulled back slightly. Sold off bad to a low of $1.39 the other day back up to $1.50's today though. They appear to be getting a bigger share of the infrastructure work around AQustralia now.

Looks to be in a good position now for a few years to increase turnover. They report 20%+ per annum increase on a recent media asx release.

 

[Miner]

These went up to $2 recently and then pulled back slightly. Sold off bad to a low of $1.39 the other day back up to $1.50's today though. They appear to be getting a bigger share of the infrastructure work around AQustralia now.

Looks to be in a good position now for a few years to increase turnover. They report 20%+ per annum increase on a recent media asx release.

I understood from a discussion with one of the senior executives that the CEO (ex HWE) and team is working to lead the turnover to four times of current value in next 18 months.

Regards

 

[doogle]

I am so happy with my little MAH investment. They have held their value suitably well during this fluctuating market and seem to be quite booked up with work, I need something positive to cheer me up.

 

[LRG]

That Hale Street Bridge project they are costing at the moment for BCC seems to have gone a bit pear shaped of late?