Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

10 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

MND, MONADELPHOUS GROUP LIMITED
nipper
post Posted: Nov 20 2018, 12:32 PM
  Quote Post


Posts: 5,398
Thanks: 1961


Monadelphous says it expects 1H19 revenue to be “around 10 per cent less” than the prior corresponding period. This is the first explicit revenue guidance for the period, but it seems to have already been anticipated by the market.

As previously detailed in its results on August 21, it says “project timing and Ichthys run off forecast to result in lower construction revenues in 2018/19.” But it reiterates that the “outlook for resources and energy sectors is positive”, with “maintenance activity forecast to grow” and it says its strong balance sheet “provides capacity for investment.

With the share price down about 9 per cent since the August guidance and more than 7pc of the company sold short, shares have recovered to $14.04 on this news.a



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Aug 22 2018, 11:08 PM
  Quote Post


Posts: 5,699
Thanks: 2125


In Reply To: blacksheep's post @ Apr 24 2018, 08:06 PM

FWIW - Deutsche Bank rates MND as Downgrade to Sell from Hold
QUOTE
Deutsche Bank was disappointed with the FY18 results, noting a severe earnings hole is emerging in FY19. While the company exceeded FY18 revenue guidance, the broker believes the expectation for construction revenue to decline in FY19 implies double-digit declines in earnings.

The broker believes the stock is expensive and downgrades to Sell from Hold. Target is $11.60.

https://www.shortman.com.au/stock?q=mnd
Attached thumbnail(s)
Attached Image



 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Apr 24 2018, 08:06 PM
  Quote Post


Posts: 5,699
Thanks: 2125


Announcement in after the market close......

Monadelphous Contracts Update
QUOTE
Engineering company Monadelphous Group Limited (ASX:MND) (“Monadelphous” or “the Company”)
today announced it has secured new contracts in the resources and infrastructure sectors with a
combined value of approximately $100 million.


The Company’s renewable energy business, Zenviron, has secured a contract for balance of plant
works associated with the 150MW Moorabool North Wind Farm Project for Goldwind Australia. The
project is located 5km south of Ballan, Victoria and is expected to be completed in December 2019.

In addition, the Company has been awarded various structural, mechanical, piping, electrical and
instrumentation integrated packages of work under an existing panel contract with BHP for its iron ore
operations. The work will be performed at a number of BHP sites in the Pilbara region of Western
Australia and is expected to be completed in 2018.

Lastly, the Company has received an order from Australia Pacific LNG, under an existing agreement,
for the supply of additional wellhead skids.


Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Feb 20 2018, 10:21 AM
  Quote Post


Posts: 5,398
Thanks: 1961


QUOTE
....first-half profit rose by 32 per cent, reflecting a recovery in the global resources industry. MND reported a net profit of $37.6 million for the six months through December, up from $28.6 million in the same period a year earlier.

"The strong performance reflects solid revenue increases in the company's core resources and energy markets in Australia and was impacted by the high volume of contracts secured over the past 18 months, an increase in demand for maintenance services and growth from diversification into overseas and infrastructure markets," said Monadelphous.

"Increased construction activity levels, particularly in oil and gas, water and renewable energy, and a record sales performance from our maintenance services business contributed to the result."

The company was upbeat on the outlook, forecasting a 30 per cent rise in annual revenue over the fiscal year. Half-year revenue increased by 35 per cent to $849.7 million.
It will pay an interim dividend of 30c a share, up from 24 cents a year ago.





--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Dec 18 2017, 06:12 PM
  Quote Post


Posts: 5,699
Thanks: 2125


This deal has finally come to an end - back in September Ernst & Young raised concerns about ANQ's ability to continue as a going concern in the 2017 Annual Reports.

Today XEPTC terminated the "binding" agreement and administrators appointed to ANQ, although MND suggest this " will not have a material consequential impact on the overall earnings of Monadelphous" Maybe not, but it may have a short term impact on MND's SP
QUOTE
AnaeCo
Monadelphous Group Limited (Monadelphous) today announced that a binding agreement entered
into with Xiaoqing Environmental Protection Technology Co. Ltd (XEPTC) had been terminated.
Under the agreement, XEPTC was to purchase part of a convertible loan owed by AnaeCo Limited
(AnaeCo) to Monadelphous. Despite Monadelphous being ready, willing and able to complete the
transaction, and after having afforded XEPTC multiple extensions to the transaction sunset date,
XEPTC has not fulfilled its completion obligations under the agreement. Monadelphous intends to
pursue XEPTC for damages resulting from non-performance under the agreement.
With no financial means available to support its continued operation, administrators have been
appointed to undertake a financial and operational assessment of AnaeCo.
The loan to AnaeCo has been fully provided for in Monadelphous’ financial accounts. The
appointment of administrators to AnaeCo will not have a material consequential impact on the overall
earnings of Monadelphous
.

Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 5 2017, 08:54 PM
  Quote Post


Posts: 5,699
Thanks: 2125


In Reply To: blacksheep's post @ Nov 30 2017, 11:48 AM

Some technical analysis from Fairmont Equities

QUOTE
MND has had a great run in the last couple of years. We are seeing signs that it might just take a breather though. Last week was a negative week, forming a candlestick pattern known as a "dark cloud cover" (circled). Last week's volume on the sell-off was also twice the average for the last year. This leads us to believe that MND should weaken from here. There is some trendline support just under $18, which isn't too far away, hence the neutral stance. But if that breaks, then we are looking at a slide towards to low $16's.

https://www.shortman.com.au/stock?q=mnd
Attached Image





--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Nov 30 2017, 11:48 AM
  Quote Post


Posts: 5,699
Thanks: 2125


In Reply To: blacksheep's post @ Nov 28 2017, 07:39 PM

Another director selling down shares - 20k disposed of his 50k holding - Christopher Percival Michelmore
SP down 2% @ $18.76/share
Shortman shows a notable short alert on Tuesday 28 Nov
https://www.shortman.com.au/stock?q=mnd

.
Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: nipper  
 
blacksheep
post Posted: Nov 28 2017, 07:39 PM
  Quote Post


Posts: 5,699
Thanks: 2125


In Reply To: blacksheep's post @ Nov 27 2017, 07:50 PM

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

QUOTE
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/
Attached Image





--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 27 2017, 07:50 PM
  Quote Post


Posts: 5,699
Thanks: 2125


In Reply To: nipper's post @ Nov 27 2017, 07:42 PM

Not suggesting it isn't well run - only trying to gauge how the market will react,if indeed it does react.



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Nov 27 2017, 07:42 PM
  Quote Post


Posts: 5,398
Thanks: 1961


In Reply To: blacksheep's post @ Nov 27 2017, 07:34 PM

Mining services - someone is putting 19 mill on the table that this is the sector to be in, for 2018!!

The MND founders have been in the game for yonks... a remarkably well run outfit in my opinion



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


10 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING