Australian (ASX) Stock Market Forum

MAH - Macmahon Holdings

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Im surprised no one has posted anything yet.

The MAH share price has jumped from a low of 71c on wednesday to a high of 88.5c today (~25% increase) in 2 days.

No announcements from the company.

They were issued with a please explain yesterday after an 8% increase in SP.

Holding MAH
 
Silhouetteau said:
Im surprised no one has posted anything yet.

The MAH share price has jumped from a low of 71c on wednesday to a high of 88.5c today (~25% increase) in 2 days.

No announcements from the company.

They were issued with a please explain yesterday after an 8% increase in SP.

Holding MAH
Click to expand...

well, actually they did issue a statement. It was to say that they had no knowledge of rumoured contracts. I used the artificially inflated SP to pull some profits.
 
Silhouetteau said:
Im surprised no one has posted anything yet.

The MAH share price has jumped from a low of 71c on wednesday to a high of 88.5c today (~25% increase) in 2 days.

No announcements from the company.

They were issued with a please explain yesterday after an 8% increase in SP.

Holding MAH
Click to expand...

roland said:
well, actually they did issue a statement. It was to say that they had no knowledge of rumoured contracts. I used the artificially inflated SP to pull some profits.
Click to expand...

My postulate on the high share price jump is :

  • Dr David Smith ex MD of Pilbara Iron (Rio Tinto Iron's business unit) has recently joined the board.
  • MAH has ripened for takeover by LEI.
  • LEI has won significant contracts and itching to M & A mode again
  • MAH has won some significant contracts. It is a good synergy to amalgamate.
  • Some of the above M & A guess could be totally wrong. But if there is a smoke there is a
lways a fire

I do hold MAH and should have added up by selling few other dead woods:banghead:

DYOR
 
trading at 0.50 when was 0.80 a month ago? with no bad news?

solid company, possible takeover target, pays dividends,

i picked up some on friday


I do hold MAH
 
I've had enough of MAH and their shallow margins and disappointing profits and I'm getting out. Although, admittedly I've been happy enough to take the dividends, I cant see the stock regaining the price glory of pre-GFC days. At least not without some change to the way they price their services IMO.
 
Anyone else notice that ACS will have a very large stake in MAH if they take over leightons?

Does anyone think they will place a takeover bid in the near future? (assuming they takeover leightons)
 
The buyers are building up...
@12.47
138 buyers - 2,517,171 units
198 sellers - 5,525,843 units

@14.38
162 buyers - 3,136,651 units
182 sellers - 5,261,963 units

Potential break out possible (posted on Potential Breakout thread):
Screen03 2011-01-13 12.39.gif
 
zzaaxxss3401 said:
The buyers are building up...
@12.47
138 buyers - 2,517,171 units
198 sellers - 5,525,843 units

@14.38
162 buyers - 3,136,651 units
182 sellers - 5,261,963 units

Potential break out possible (posted on Potential Breakout thread):
View attachment 40825
Click to expand...

Certainly watching, would really like to see just one more probe lower. It may happen when MAH releases the effects of the floods to their bottom line....
 
MAH remains adisappointing basket case IMO.

I sold out all my holding at a big loss last year fro around 74c - even though i had paid up to around $2 before the GFC.

I still read up on them and I cant see any good news - they seem to be just keeping there head above water in the P&L stakes year to year.

Will stay in the doldrums for quite a while yet.

Live and learn - i dropped quite a few $'s in unloading - anyway proved a better decision than keep holding and holding -what are they 53 cents or something - what a fall.

and to think Leighton bought a heap a couple of years ago as a take over target - they have dropped a bomb on their investment in MAH too.:banghead:
 
MAH were hit hard yes, but note the sector it is in, it got hit hard. If you bought before the GFC then the damage, price-wise, was already done. Unfortunately this is one sector that is going to require patience and MAH is far from immune. If you feel the co. is no good, then fair enough; hopefully you can re-coup losses by other opportunities. Personally, I still have a lot of faith in MAH and believe it will return to rosier times.

LRG said:
MAH remains adisappointing basket case IMO.

I sold out all my holding at a big loss last year fro around 74c - even though i had paid up to around $2 before the GFC.

I still read up on them and I cant see any good news - they seem to be just keeping there head above water in the P&L stakes year to year.

Will stay in the doldrums for quite a while yet.

Live and learn - i dropped quite a few $'s in unloading - anyway proved a better decision than keep holding and holding -what are they 53 cents or something - what a fall.

and to think Leighton bought a heap a couple of years ago as a take over target - they have dropped a bomb on their investment in MAH too.:banghead:
Click to expand...
 
EddieRobinson said:
Considering the resignation of the company Secretary and flogging of its SP, I'm not very optimistic :banghead:
DYOR
Click to expand...

I do not think a secreatry's resignation or appointment matters much to fluctuate the SP.
Probably there could be some thing optimistic - new contract or offer from LEI :confused: as MAH can not go any lower now:banghead:
 
Miner said:
I do not think a secreatry's resignation or appointment matters much to fluctuate the SP.
Probably there could be some thing optimistic - new contract or offer from LEI :confused: as MAH can not go any lower now:banghead:
Click to expand...

It was there in the trading halt announcement... 'Finalisation of revenue recognition from the Company's Pilbara rail contract'.

Probably having a fight with the auditors on the results. And I bet you that if the auditors want to have the numbers look better than it really is, MAH won't be fighting against it...
 
RE: Macmahon Holdings - Just won one of the large GAS plant contracts in Queensland.

Hello, can anyone shine light on this company. I remember in 2009 when it was announced they won a contract in the Pilbara their price spiked 25% in a week. Announced in the papers today that they won a contract in Qld worth $ M150.
 
I hold MAH and am slightly behind, having bought at an average of 63.5c over a year ago.

What annoys me greatly is that their share price has done absolutely nothing in the past couple of days even though the broader market has rebounded strongly. Why does that happen? Their forecasts are good etc but they just seem to be stuck where they are. I'm losing patience!
 
Trading halt today, I imagine to either to dispel or confirm the rumours that they have won a significant contract in Mongolia. There was recent confirmation that they were short-listed for a project to develop a new coal mine there.

Time will tell. In the meantime, their recent lift in share price has been most welcome.:)
 
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