MAH – Macquarie rates the stock as Outperform
Outperform rating and $0.30 target maintained.
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Macmahon Holdings Limited
Macmahon is an ASX listed company offering the complete package of mining services to miners throughout Australia and Southeast Asia.
Macmahon’s extensive experience in both surface and underground mining has established the Company as the mining contractor of choice for resources projects across a range of locations and commodity sectors.
Macmahon is focused on developing strong relationships with its clients whereby both parties work in an open, flexible and transparent way to ensure mutually beneficial outcomes whilst also minimising risks for both parties.
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News
Macmahon Finds A White Knight
Takeover target Macmahon (MAH) has found a friend in Indonesia and will use this relationship to try and escape the unwanted clutches of CIMIC (CIM) (the old Leightons).
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Cimic Lobs Bid For Macmahon
Spanish-controlled CIMIC (CIM) (formerly Leighton Holdings) is continuing its takeover spending spree with the construction group making an unconditional takeover bid for mining services company Macmahon Holdings (MAH).
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Macmahon Sells Mongolian Operations
Macmahon (MAH) shares shot up yesterday when the embattled contractor finally reported some good news for once.
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More Bad News At Macmahon
With two surprise announcements in as many days, troubled contractor Macmahon Holdings (MAH) has raised questions about its future stability.
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More Red Ink From Macmahon After Fortescue Loss
And the tiddler soars … a 32% plus jump in the depressed share price of battered contract miner and civil engineer Macmahon Holdings (MAH) stood out on the ASX yesterday as the company revealed more cuts to spending and a lowered guidance for the 2014-15 financial year.
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Macmahon Shares To Be Hit By New Contract Loss
Shares in struggling mining contractor and civil engineer, Macmahon Holdings (MAH) will come under renewed pressure this morning after it lost a major, multi-million dollar iron ore mining contract with Fortescue Metals Group (FMG).
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Macmahon Highlights Mining Services Still Miserable
Construction and mining services group Macmahon Holdings (MAH) continues to shower bad news on the market, with news of multi-million dollar losses in asset impairments yesterday – a move that is likely to be the first of many similar reports from the myriad companies servicing the resources sector.
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Updates: Macmahon’s Bad News
But for Macmahon Holdings a very different story with the company now looking at no profit in the first half.
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