MND - Monadelphous Group

[Dona Ferentes]

broadening aspects of their work

....entered into an agreement to acquire Victorian-based mechanical and electrical services business BMC, subject to the satisfaction of a number of conditions precedent usual in transactions of this nature.

BMC provides specialist high voltage and instrumentation installation, calibration and maintenance services across the power, petrochemical, pulp and paper, mining, oil and gas and renewables sectors.

The Victorian-based company services major industry and key utilities throughout Australia, employs around 180 personnel and generates approximately $60 million of revenue per annum.

The acquisition of BMC is a key enabler to Monadelphous’ strategic efforts in developing its presence in the east coast-based energy generation, transmission and storage market, supporting Australia’s transition to clean energy. BMC’s geographical location further strengthens Monadelphous’ position as a maintenance services provider to the growing offshore oil and gas decommissioning sector on the
east coast of Australia.

Monadelphous will make an initial cash payment of $22 million to acquire BMC, followed by a purchase price adjustment in accordance with the final net working capital position at completion. The Company expects the transaction to be completed by the end of this financial year.

 

[Dona Ferentes]

Monadelphous dropped 6 per cent to $12.35 after JPMorgan cut its recommendation on the mining services firm to neutral from overweight

 

[Dona Ferentes]

Monadelphous dropped 6 per cent to $12.35 after JPMorgan cut its recommendation on the mining services firm to neutral from overweight

this might help. Should be a few more down the track...

Monadelphous has secured a $200 million construction contract with lithium explorer Albemarle, associated with expansion of the Kemerton lithium hydroxide plant in the south-west region of WA.

“The contract includes front-end pyromet structural, mechanical, piping, electrical and instrumentation works associated with two new lithium processing trains".

The award follows the successful delivery of construction packages on trains 1 and 2, and the recently awarded long-term maintenance and sustaining capital projects contracts at Albemarle’s Kemerton operations.

 

[Dona Ferentes]

Monadelphous dropped 6 per cent to $12.35 after JPMorgan cut its recommendation on the mining services firm to neutral from overweight

I'll go with news flow (25/7) over desk jockeys pushing their view (24/07).. Amazing the difference a day makes.

 

[farmerge]

I'll go with news flow (25/7) over desk jockeys pushing their view (24/07).. Amazing the difference a day makes.

View attachment 160037

Hmmm The uninformed preaching to the ill informed perhaps!!!

 

[Dona Ferentes]

ticking along ... as long as margins hold, fettle looks fine.

• Profits rose 2.5 per cent on a year earlier to $53.5 million, boosted by higher income from a renewable energy joint venture.
• Profit from a 55 per cent stake in Zenviron, a joint venture with ZEM Energy Investments, jumped to $7.7 million from $652,000 a year earlier after the group completed a wind farm and won several new projects.
• Engineering construction revenues slid 30 per cent to $542 million but maintenance and industrial services revenues increased 11 per cent to $1.3 billion as the company secured contracts on iron ore, alumina and coal seam gas projects.

“Longer-term demand trends are forecast to remain strong across most commodity markets, despite some short- to medium-term uncertainty relating to Chinese domestic consumption and a possible US recession,” adding it expected to pick up more renewable energy contracts and was assessing acquisitions.

Monadelphous will pay a final dividend of 25¢ a share, same as a year earlier

 

[Dona Ferentes]

broadening aspects of their work.. ..

.
today's announcement; a contract for the construction of the Chemical Grade Plant 3 at Talison Lithium’s Greenbushes site in the south west of Western Australia, valued at approx. $160 million.

The multidisciplinary contract to install a new crushing and screening facility and lithium concentrate processing plant, includes associated tank and piping fabrication works and electrical supply.
.
and the talk ..

Robyn Denholm (Tesla) said we need 30 lithium processing plants, not the 3 in WA now.

 

[divs4ever]

.
today's announcement; a contract for the construction of the Chemical Grade Plant 3 at Talison Lithium’s Greenbushes site in the south west of Western Australia, valued at approx. $160 million.

The multidisciplinary contract to install a new crushing and screening facility and lithium concentrate processing plant, includes associated tank and piping fabrication works and electrical supply.
.
and the talk ..

Robyn Denholm (Tesla) said we need 30 lithium processing plants, not the 3 in WA now.

well then let Tesla fund them , they have plenty of assets and technicians

meanwhile as long as MND gets paid for the work done , is all i care about

( i hold MND )

 

[Dona Ferentes]

and another-y... I tell you, rivers of "white gold".
.
MND has been awarded a major multidisciplinary construction contract with Liontown Resources, valued at approx $100 million.The contract is for the construction of the wet plant at the Kathleen Valley Lithium Project, which is located in the Northern Goldfields region of Western Australia. The works under the contract are expected to be completed in mid-2024.

Monadelphous Managing Director, Zoran Bebic, said the award extends the Company’s significant portfolio of construction work secured to date this financial year, and is a testament to Monadelphous’ strong reputation for the safe and reliable delivery of major resources projects.

 

[Dona Ferentes]

interesting. A side hustle, getting into infrastructure spend?
.
MND has entered into an agreement to acquire Melchor Contracting, a Perth-based structural concrete and associated works business, subject to the satisfaction of conditions precedent that are usual in transactions of this nature.

Melchor Contracting offers a full structural concrete package capability, including detailed earthworks, formwork, reinforcement fixing and concrete placement in the resources, energy and infrastructure sectors. It currently employs around 300 people and generates revenue of approximately $100 million per annum.

The acquisition of Melchor Contracting is aligned to Monadelphous’ markets and growth strategy, broadening the Company’s multidisciplinary construction offering to include civil capability.

Monadelphous will make an initial cash payment of $10 million to acquire Melchor Contracting, followed by a purchase price adjustment in accordance with the final working capital position at completion. The
Company expects the transaction to be completed in the first half of the current financial year.

 

[divs4ever]

i hold MND ( up about 50% for me )

at least i saw the notification this time before posting ( LOL )

 

[Dona Ferentes]

at least i saw the notification this time before posting ( LOL )

quick and the dead, divs. and I do a bit of editing, tidying up, too. ha ha

 

[divs4ever]

quick and the dead, divs. and I do a bit of editing, tidying up, too. ha ha

yes and you tidy better as well

cheers

back on topic

looks good for MND but a worry for WA in general

 

[divs4ever]

MONADELPHOUS RECEIVES LETTER OF INTENT FOR VARIATION TO INPEX MAINTENANCE SERVICES CONTRACT

Engineering company Monadelphous Group Limited (ASX: MND) (“Monadelphous” or “the Company”) today announced it has received a letter of intent for a variation to its existing offshore maintenance services contract with INPEX Operations Australia P/L (“INPEX”).

The existing contract includes operational, campaign and shutdown maintenance services and brownfield projects implementation associated with the INPEX-operated Ichthys LNG offshore facilities in the Browse Basin approximately 450 kilometres from Broome, Western Australia and was recently extended by four (4) years (refer to ASX announcement on 4 May 2023).
The variation, which is valued at approximately $75 million per annum, will add to the Company’s scope of work under the existing contract to include the provision of similar services at the INPEX-operated Ichthys LNG onshore processing facilities at Bladin Point in Darwin, Northern Territory.

Monadelphous is working closely with INPEX to finalise the terms of the variation

i hold MND

on the face of it , it looks positive ( unless the customer wants a big discount for the total new contract )

 

[divs4ever]

MONADELPHOUS CONTRACTS UPDATE

Engineering company Monadelphous Group Limited (ASX: MND) (“Monadelphous” or “the Company”) today announced it has secured new construction and maintenance contracts and contract extensions in the resources and energy sectors totalling approximately $170 million.

The Company has been awarded a construction contract with Lynas Rare Earths for stage 1 of the Mt Weld Expansion Project, located near Laverton in the Goldfields region of Western Australia.
The scope includes structural, mechanical and piping works associated with the new concentration facility.
Monadelphous has also secured a multidisciplinary construction contract to undertake a series of upgrades at Fortescue’s Anderson Point iron ore stockyard in Port Hedland, Western Australia.
The Company has been awarded a three-year services contract, with three one-year extension options, to continue providing sustaining capital projects and maintenance support at Santos’ production and support facilities in the Southern Highlands region of Papua New Guinea.
BHP has extended Monadelphous’ master services agreement for the provision of general maintenance services to its iron ore operations in the Pilbara region of Western Australia through to 30 June 2025.
The award also contains an additional one-year extension option.
The Company has also secured a one-year extension to its mechanical and electrical maintenance, shutdown and project services contract across BHP’s Nickel West operations in Western Australia.
Finally, the Company has secured a one-year extension to its sustaining capital works master services agreement with Rio Tinto providing multidisciplinary project services across its Pilbara iron ore operations in Western Australia.

i hold MND

 

[Dona Ferentes]

AGM today. reassuring words (solid) and new opportunities (lithium) but also constraints ( labour)

trading mid 14 dollar mark.

been on this journey since 2005 ( and a $1.12 entry)

.

.
2023 was a good year

and hoping 2024 will be

 

[divs4ever]

been on this journey since 2005 ( and a $1.12 entry)

nicely timed

i bought in during September 2021 and the average buying price is $9.40

so all up i am far from unhappy with them ( wouldn't mind adding more below $8 , but maybe that will happen and maybe it won't )

 

[finicky]

All the guys discreetly* bragging about their entry levels are the ones who didn't join in on the Cup Sweep @Dona Ferentes @galumay @divs4ever *

* divs not discreet

 

[Dona Ferentes]

All the guys discreetly* bragging about their entry levels are the ones who didn't join in on the Cup Sweep @Dona Ferentes @galumay @divs4ever *

* divs not discreet

only ever took part in one lottery ...
was conscripted.

 

[divs4ever]

All the guys discreetly* bragging about their entry levels are the ones who didn't join in on the Cup Sweep @Dona Ferentes @galumay @divs4ever *

* divs not discreet

i gambled a big part of the first half of my life

sometimes it is time to change a few things ( like the binge drinking i did back then as well )