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AGM today. $12.90

excerpted:

...Price volatility in some commodities over the past year led to reduced production, cessation of some operations, and the deferral of capital spend, particularly in nickel and lithium. Despite this, the level of mining and mineral processing development in the energy transition metals sector is projected to remain high over the long-term. This includes the copper sector, which will require significant capital investment to address forecast demand shortfalls.

Activity in the energy sector has increased with several new gas construction projects underway or in development and strong ongoing demand for maintenance services. Additionally, decommissioning of oil and gas assets is expected to create significant opportunities over the coming decade.

Decarbonisation investments for customer operations, including electrification, energy storage and hydrogen, are proceeding to investment and provide opportunities. Investments in the power sector to support Australia’s Net-Zero Emissions objective have been affected by network constraints, delayed planning approvals and supply chain pressures. Despite these challenges, the pipeline of renewable energy opportunities is expanding, particularly in the battery energy storage sector with Zenviron well positioned to capitalise on the significant growth anticipated in the market over coming years. Additionally, substantial and ongoing investment in electricity transmission infrastructure and grid stability will be essential to support the increased introduction of renewable energy generation.

While forecast labour demand has moderated and general labour availability has improved slightly, the resources and energy sectors continue to face a shortage of skilled labour. We remain focused on employee attraction, training, and development initiatives aimed at fostering retention and bolstering workforce capability and capacity.

With a robust level of major construction activity underway, we have secured around $740 million of new projects, bringing the total of contract awards post year end to more than $1.5 billion.

Monadelphous is currently forecasting revenue for the first half of FY25 to be slightly up on the prior corresponding period. With activity levels increasing, the Company is anticipating to see high single digit revenue growth for the full financial year.

<blockquote data-quote="Dona Ferentes" data-source="post: 1304991" data-attributes="member: 66457">AGM today. $12.90excerpted:...Price volatility in some commodities over the past year led to reduced production, cessation of some operations, and the deferral of capital spend, particularly in nickel and lithium. Despite this, the level of mining and mineral processing development in the energy transition metals sector is projected to remain high over the long-term. This includes the copper sector, which will require significant capital investment to address forecast demand shortfalls.Activity in the energy sector has increased with several new gas construction projects underway or in development and strong ongoing demand for maintenance services. Additionally, decommissioning of oil and gas assets is expected to create significant opportunities over the coming decade.Decarbonisation investments for customer operations, including electrification, energy storage and hydrogen, are proceeding to investment and provide opportunities. Investments in the power sector to support Australia’s Net-Zero Emissions objective have been affected by network constraints, delayed planning approvals and supply chain pressures. Despite these challenges, the pipeline of renewable energy opportunities is expanding, particularly in the battery energy storage sector with Zenviron well positioned to capitalise on the significant growth anticipated in the market over coming years. Additionally, substantial and ongoing investment in electricity transmission infrastructure and grid stability will be essential to support the increased introduction of renewable energy generation.While forecast labour demand has moderated and general labour availability has improved slightly, the resources and energy sectors continue to face a shortage of skilled labour. We remain focused on employee attraction, training, and development initiatives aimed at fostering retention and bolstering workforce capability and capacity.With a robust level of major construction activity underway, we have secured around $740 million of new projects, bringing the total of contract awards post year end to more than $1.5 billion.Monadelphous is currently forecasting revenue for the first half of FY25 to be slightly up on the prior corresponding period. With activity levels increasing, the Company is anticipating to see high single digit revenue growth for the full financial year.</blockquote>

[QUOTE="Dona Ferentes, post: 1304991, member: 66457"] AGM today. $12.90 excerpted: ...Price volatility in [B]some[/B] [B]commodities[/B] over the past year led to reduced production, cessation of some operations, and the deferral of capital spend, particularly in nickel and lithium. Despite this, the level of mining and mineral processing development in the energy transition metals sector is projected to remain high over the long-term. This includes the copper sector, which will require significant capital investment to address forecast demand shortfalls. Activity in the energy sector has increased with several new gas construction projects underway or in development and strong ongoing demand for maintenance services. Additionally, decommissioning of oil and gas assets is expected to create significant opportunities over the coming decade. Decarbonisation investments for customer operations, including electrification, energy storage and hydrogen, are proceeding to investment and provide opportunities. Investments in the power sector to support Australia’s Net-Zero Emissions objective have been affected by network constraints, delayed planning approvals and supply chain pressures. Despite these challenges, the pipeline of renewable energy opportunities is expanding, particularly in the battery energy storage sector with Zenviron well positioned to capitalise on the significant growth anticipated in the market over coming years. Additionally, substantial and ongoing investment in electricity transmission infrastructure and grid stability will be essential to support the increased introduction of renewable energy generation. While forecast labour demand has moderated and general labour availability has improved slightly, the resources and energy sectors continue to face a shortage of skilled labour. We remain focused on employee attraction, training, and development initiatives aimed at fostering retention and bolstering workforce capability and capacity. With a robust level of major construction activity underway, we have secured around $740 million of new projects, bringing the total of contract awards post year end to more than $1.5 billion. Monadelphous is currently forecasting revenue for the first half of FY25 to be slightly up on the prior corresponding period. With activity levels increasing, the Company is anticipating to see [I][B][COLOR=rgb(0, 168, 133)]high single digit revenue growth[/COLOR][/B][/I] for the full financial year. [/QUOTE]

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