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MXG, MULTIPLEX GROUP
dawno
post Posted: Jan 3 2006, 08:03 PM
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MXG is a typical stock that I like to look at. A quality stock in the doldrums for well documented reasons. This will all turn out most likely to be an aberation following MXG to completing the Wemberly + 2 other 'over the budget' projects losing money. 2006 will bring an end to that. I would believe that whatever reasons created these things in the first place has since been rectified in their tender model & has been more than a wake up call.
The history of this company well before its listing has been one of outstanding success over many years so that gives it a forgiveness factor.
Definately a blue chip recovery story and a water shed at current prices and will be a long term opportunity making it very cheap on todays valuations with divi for comfort while waiting.
Has it bottomed, possibly. an investment approach could be to buy some now using a 3 split time method as new chart highs are confirmed or alternately if more damage comes average back. This is probably how I will approach it.



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THE COST OF MY COMMENTS IS NOTHING - SOME WOULD SAY THAT'S ABOUT ALL ITS WORTH - THEY MIGHT BE RIGHT.

Long Term Contrarian Value Investing: The herd hate me & I hate the herd - but that's the way I like it because I then know I must be on the right track.
 
wolverine
post Posted: Dec 19 2005, 09:43 PM
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In reply to: JCFC on Monday 19/12/05 04:38pm

easy in hindsight eh jcfc.

2.33 was near to the bottom when i mentioned it. if only harry hindsight was our broker....



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TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
JCFC
post Posted: Dec 19 2005, 03:38 PM
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In reply to: wolverine on Tuesday 31/05/05 10:07am

well if u bought MXG at 2.33 u would have made quite a bit

 
early birds
post Posted: Dec 19 2005, 02:36 PM
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There must be a big ghost at Wenbley unsure.gif

 
fastenyourseatbe...
post Posted: Aug 18 2005, 09:34 AM
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Interesting day today which way will it go?



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pkay
post Posted: Aug 9 2005, 12:36 PM
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In reply to: greenleaf on Monday 01/08/05 11:18am

It was just a matter of time before the bargain humters moved in.

This is what Michael Heffernan from FW Holst had to say in the AFR dated 3AUG, p25:
QUOTE
Multiplex is one of those that has turned the corner.  The stock is underpinned by continued strong economic growth in Britain and it looks like it has turned around so I would quite readily consider  buying that one.


 

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greenleaf
post Posted: Aug 1 2005, 11:18 AM
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In reply to: pkay on Friday 08/07/05 10:34am

Multiplex rising nicely over the past week - strong support today. No public news - just getting over its "cold". biggrin.gif

 
pkay
post Posted: Jul 8 2005, 10:34 AM
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In reply to: pkay on Thursday 07/07/05 11:26am

QUOTE
Games boost for UK builders
By Philip Aldrick
July 8, 2005
 
Techno
post Posted: Jul 7 2005, 07:52 PM
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In reply to: datum on Thursday 07/07/05 06:54pm

Yes. Also, it was a fixed price contract in a world of rising costs.

Now, if the total costs for the completion of the contract has gone up by say, 20% ???



 
datum
post Posted: Jul 7 2005, 06:54 PM
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Below is a partial re-print of Techno"s article


Techno Posted on Thursday 07/07/05 10:52am

Multiplex clearly got the contract on price, as British contractors shied away from the irksome project and none believed it could be delivered for less than £650 million. Multiplex (who coincidentally at the time had offices at Stamford Bridge, the home of Mr Bates’s Chelsea, where they were building a new stand), said that they could build the new Wembley for just £500 million. There were gasps of disbelief from their rivals.




Whats scary about this, if true is the 150 million pounds sterling short fall,
which translates into about AU $380 million dollar loss.
MXG have fessed up to a AU $50 million loss so far , it can only get worse from
here if correct



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This is not a bottom draw stock. This is a stock you take to the grave with you.
 
 


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