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MND - MONADELPHOUS GROUP LIMITED


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Response to media speculation

 

In response to these reports, and consistent with statements made in the CompanyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s Half Year reporting in February 2017, Monadelphous continues to pursue opportunities to further diversify its revenues. This may include investment in new businesses or acquisitions where considered appropriate.

 

The Company is not currently pursuing any acquisitions to the value speculated in the media or that are otherwise sufficiently advanced to warrant disclosure at this time.

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  • 3 weeks later...
In Reply To: nipper's post @ Aug 23 2016, 08:43 AM

 

down about 17% so far. sell on news?? or something else??

when you posted this, eb, it dropped through $9.00, and went lower in Sept, down to $7.65.

 

Fast forward a year, and SP has doubled from those lows. Whoever called the end of the resources boom forgot to tell MND.

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  • 4 months later...
Outlook

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Increasing levels of brownfields and sustaining capital expenditure across the resource sector

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Maintenance services prospects remain positive

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Revenues from infrastructure projects expected to grow

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Continue to pursue acquisition opportunities to deliver strategic growth

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Surge in activity to deliver 1H 2018 sales revenue growth > 30% on pcp

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ 2H 2018 sales revenue expected to moderate

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Full year sales revenue expected to increase from 2017

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Margins expected to moderate as business portfolio diversifies.

 

- pushing higher as the project offerings continue to diversify

 

 

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SP was down slightly today - reached a low of $19.04 - a high of $19.54 before closing at $19.33.

 

This broker view came out on 23 November, a day before the Chairman's Change in holding - FWIW

 

Conviction Calls: Goldman Sachs, Ord Minnett, Bell Potter, CLSA, And Morgans

 

By Rudi Filapek-Vandyck, Editor FNArena

 

Investors(still) looking to jump on board the reversal in fortune for contractors and services providers to mining and oil and gas companies should opt for Seven Group Holdings ((SVW)) and ignore Monadelphous ((MND)), according to the latest sector update by analysts at Goldman Sachs.

 

The analysts can still see upside for Seven West shares, though less so with each added day of positive share price performance of course, but their price target of $11 sits -35% below Monadelphous' share price on Friday, suggesting a whole lot needs to move into the right direction before those shares can grow into the current share price.

 

Not going to happen, declare the analysts. They only see muted energy spending growth in the years ahead. All other stocks in the sector are currently rated Neutral, including WorleyParsons ((WOR)), whose rating has been upgraded on the updated outlook for spending by oil and gas producers across the globe.

 

The updated price target for WorleyParsons, at $13.70, still sits below the share price, but nowhere nearly as far away as is the case for Monadelphous. The obvious caveat here is that were oil and gas companies to accelerate their spending plans, for whatever reason, present assumptions and forecasts will prove too conservative.

 

Goldman Sachs' price target for Seven West has lifted to $13.55.

https://www.fnarena.com/index.php/2017/11/2...and-duluxgroup/

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