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MAD, MADER GROUP LIMITED
nipper
post Posted: Feb 23 2021, 03:40 PM
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Half Yearly OVERVIEW:

▪ Revenue increased by 6.4% versus the previous corresponding period (PCP), driven by strong customer demand for our specialist heavy equipment maintenance services. Revenue growth excluding the Rest of World business unit was up 12.0% on PCP.
▪ The Group continues to adapt to and proactively manage workforce readiness and mobility, which positively impacted margins, particularly throughout Q2 of FY2021.
▪ Total Recordable Injury Frequency Rate (TRIFR) improved by 6% vs PCP.
▪ The Australian business continues to experience high levels of customer demand, partially unfilled due to ongoing labour mobility challenges.
▪ To mitigate the labour challenges in the Australian operations, the Company has implemented a number of initiatives, including an expansion of its Trade Upgrade Apprenticeship Program and established an integrated national recruitment program.

▪ The North American market continues to deliver significant revenue growth, up 166% on the PCP and an advanced due diligence program is in place to enter Canada by the end of FY2021.
▪ Our Rest of World segment experienced a 75% fall in revenue vs PCP due to international travel restrictions as a result of COVID-19, pleasingly this business unit saw a rebound in operational delivery with quarter on quarter revenue growth of 157%.
▪ 1.5 cent fully franked interim dividend confirmed for the period ending 31 December 2020, record date of 3 March 2021 and scheduled for payment on 17 March 2021.
▪ Net debt is currently $19.9m, up marginally from $18.5m at 30 June 2020.
▪ Mader invested significantly in its personnel, operational fleet and workforce readiness capabilities. This has laid a solid foundation from which to capitalise on substantial unfilled global customer demand



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"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
 
nipper
post Posted: Jan 30 2021, 09:55 AM
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Change of company..... no longer Maverick Drilling and Exploration

Mader Group Limited (MAD) listed on the ASX late Sept 2019. The company provides specialised contract labour for maintenance of heavy mobile equipment in the resources industry from an in house pool of skilled employees. The services provided include maintenance labour, field support (onsite labour with support vehicles and tools), shutdown maintenance teams (for major overhauls), maintenance workshops, training of maintenance teams, and a range of other ancillary services.

The Mader Group generates the majority of its revenue by providing various types of contract labour services at an hourly rate per tradesperson provided. These payments are either made under service agreements, at previously agreed hourly rates or, in a minority of cases, on an ad hoc basis.

Market cap of $180million. Earnings per share 9c, RoE of 35. Some debt.

Covid has restricted the operations of the company but it has identified pathways to growth:
Growth opportunities:
Increasing forecast mining maintenance expenditure
Ongoing production growth in key commodities
An industry trend for equipment to be used longer before replacement
Significant capital investment in 2011 through to 2012 has resulted in an aging mining equipment fleet for many mining companies

Outlook
Australia
  • Targeting significant levels of unfilled customer demand throughout Western Australia as border restrictions continue to ease
  • Large addressable markets remain for ancillary maintenance services with continued scaling and a dedicated focus on fixed plant, port and rail maintenance
  • Strong recruitment environments in New South Wales and Queensland presents headcount growth opportunities
  • Labour mobility expected to improve as state border restrictions ease
North America
  • Strong growth trends expected to continue in a large remaining addressable market
  • Strategy to be operational in Canada by Q4 FY2021
Rest of World
  • Developing plans for bolt-on acquisitions that add strategic value to the Mader business
  • Continuing to assess ancillary service and related industry opportunities
  • Global travel restrictions have temporarily limited our Rest of World operations however demand remains strong and we expect that activity levels will normalise when international travel resumes
Strategic Diversification
  • Strong levels of customer demand throughout target regions. Continuing to assess risks to health and safety prior to entering new jurisdictions.




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"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
 
crooky
post Posted: Sep 7 2014, 06:54 PM
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In Reply To: nifty49's post @ Sep 7 2014, 11:58 AM

Yeah could have nifty , did have a good run up though and most energy stocks down on Friday , seems market keen on what acquisition they might move on with the Wells Fargo $50mill Credit Facility. Hopefully we won't see it below 20 . who knows ?

 
nifty49
post Posted: Sep 7 2014, 11:58 AM
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In Reply To: crooky's post @ Sep 5 2014, 10:13 PM

Pull back may have something to do with removal from the ASX 300?

 
crooky
post Posted: Sep 5 2014, 10:13 PM
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In Reply To: crooky's post @ Aug 21 2014, 12:05 PM

Pullback today after hitting .27
broke thru resistance .245 the other day

 
crooky
post Posted: Aug 25 2014, 10:19 AM
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In Reply To: crooky's post @ Aug 21 2014, 12:05 PM

Wells Fargo $US500 million Credit Facility
http://www.stocknessmonster.com/news-item?...SX&N=813340

 


crooky
post Posted: Aug 21 2014, 12:05 PM
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MAD seems to have formed a base at it's lows @ .15 Breaking out to .19 thereabouts the last week , making a high today @21
Could the bad news be factored in now and positive news is just round the corner ?

If it runs next resistance at .245 , then .30

 
cooderman
post Posted: Jun 19 2014, 04:52 PM
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MAD struggling to break above .25 res. a close above on daily and it may be worth a punt at some stage

Director's have bought well in the last week .....it is possible it may also fall to test recent lows

will keep on a watch list

Attached Image



 
annaliese
post Posted: Apr 17 2014, 11:52 AM
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Guys, the latest Morgans report (14/4) is now on the MAD website. For all their association (CR etc) with MAD its quite a balanced report and well worth reading. http://www.maverickdrilling.com/SiteFiles/...ckcomau/PDF.pdf

There are a number of value add/destroy points coming up including:

1/ The current drilling into the Vicksburg formation. This well if successful will add to reserves and is expected to have significantly higher flow rates. According to Morgans this well should be at target depth in early May. Success could lead to afield development plan of 20 wells according to Morgans.Disappointment here will hurt the sp but they have identified more deep targets on recent 3D seismic so I expect further drilling.

2/ Yeager expects to cut lifting costs at Blue Ridge by 50% making this field cash flow positive. This involves staff and equipment redundancy so I would not imagine we will see much from this before q4. Perhaps a little initial impact in q3.

3/ A new assessment of existing "Frio zone" reserves will be complete by late June so we should see a believable figure at that time. Its going to be less then current2P figure of 192MB but theres little guide as to how much less. Given the companyy is currently valued as if it had 30-40MB theres plenty of room for a reduction in the quoted figures while potentially allowing upside in the sp( assuming the new figure is > 40MB 2p)

4/ Deal flow. Yeager is keen to pick up an asset away from the current salt domes as well as doing jv's on the current acreages to speed development. There is no timing on this as yet but things tend to come without warning in any case.




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arty
post Posted: Apr 13 2014, 03:57 PM
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In Reply To: cooderman's post @ Apr 13 2014, 01:41 PM

I took a shortcut; instead of "even a gamble", it should have read "some may even call it a gamble".

It goes without saying that no trade - regardless of one's reason for entering - is sensible without appropriate capital management, which includes position sizing and setting of a commensurate stop-loss.
Failure to stick to those basic rules isn't gambling, but insanity.
As is "averaging down": a sure way to increase the risk and reduce profit potential



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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
 


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