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Business Description: Macmahon Holdings Limited (MAH) is a construction and contract mining company with major projects located in Australasia, Asia and Africa. MAH’s core business includes diversified construction and mining services which span the marine, transport, water, rail and resource sectors.
Strategy Analysis: MAH is focusing on being a pure mining service company, which predominantly undertakes surface mining in West Australia. Few contracts are now undertaken on a fixed cost basis which has reduced earnings risk. Under a memorandum of understanding Leighton will acquire MAH´s infrastructure and resources-related construction business. This will allow MAH to potentially take on more mining projects.
Macmahon Holdings reported net loss of $37.6m for the half-year ended 31 December 2012. Revenue from ordinary activities were $528.14m, up 24.83% from last year. Diluted EPS was (4.92) cents compared to 3.24 cents last year. Net operating cash flow was $77.5m compared to $85.35m last year. No dividend was declared.
The Age 18/05/2013 |
As Australia's major retailers increase their online sales channels, pouring millions into their websites, they could face new competition from China's booming e-commerce industry.
The Age 18/05/2013 |
Most of those who take a political approach to the budget assume that if it's in deficit, the way you get it back to surplus is to cut government spending or, if you're a really bad person, increase taxes. They forget it's the budget itself that's supposed to do the heavy lifting.
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