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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Macmahon Holdings Limited    MAH   AU000000MAH3

MACMAHON HOLDINGS LIMITED

(MAH)
  Report  
End-of-day quote. End-of-day quote AUSTRALIAN SECURITIES EXCHANGE LIMITED - 09/13
0.22 AUD   +4.76%
08/29Macmahon Expects Increased Telfer Revenue After Renewed Newcrest Talks
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03/27MACMAHON : Boston Shaker Underground Award
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03/27AGG : Boston Shaker underground mine approval
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Macmahon Expects Increased Telfer Revenue After Renewed Newcrest Talks

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08/29/2019 | 08:44pm EDT

By Rhiannon Hoyle

SYDNEY--Mining-services company Macmahon Holdings likely won't need to recognize an onerous provision against its contract on Newcrest Mining Ltd.'s (NCM.AU) Telfer gold project, it said Friday.

Macmahon had said on Aug. 6 that it would likely need to log a provision of between 25 million and 35 million Australian dollars (US$16.8 million and US$23.6 million) because of changes to the mine plan and contract program implemented by Newcrest.

On Friday, it said renewed talks with the gold miner "has led Macmahon to form the view that an acceptable agreement for increased revenue is likely to be reached in the near future."

Macmahon now expects incremental cash flow from the Telfer contract to be positive over the remainder of the contract, it said.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
GOLD -0.62% 1488.58 Delayed Quote.16.82%
MACMAHON HOLDINGS LIMITED 4.76% 0.22 End-of-day quote.-2.33%
NEWCREST MINING LIMITED -2.81% 33.51 End-of-day quote.58.17%
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Latest news on MACMAHON HOLDINGS LIMITED
08/29Macmahon Expects Increased Telfer Revenue After Renewed Newcrest Talks
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03/27MACMAHON : Boston Shaker Underground Award
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03/27AGG : Boston Shaker underground mine approval
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Financials (AUD)
Sales 2020 1 280 M
EBIT 2020 83,2 M
Net income 2020 58,1 M
Debt 2020 66,9 M
Yield 2020 2,84%
P/E ratio 2020 8,15x
P/E ratio 2021 7,46x
EV / Sales2020 0,41x
EV / Sales2021 0,38x
Capitalization 459 M
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Technical analysis trends MACMAHON HOLDINGS LIMITED
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 2
Average target price 0,31  AUD
Last Close Price 0,22  AUD
Spread / Highest target 45,5%
Spread / Average Target 38,6%
Spread / Lowest Target 31,8%
EPS Revisions
Managers
NameTitle
Michael Finnegan Chief Executive Officer
James Allan Walker Non-Executive Chairman
Charles Roland Giles Everist Chief Financial Officer
David van den Berg Chief Technology & Innovation Officer
Eva Desiree Rita Skira Independent Non-Executive Director
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