-
S/P as low as $13.35 now $13.81 on results which are just a tad lower then 2016. 40% increase in staff for lots of contacts coming through and switching from dropping O&G sector to infrastructure, mining working. Outlook good but competitive. Been some shorting going on; burnt.
2017 Full Year Results Presentation
-
JT , today would bring a smile to your face ...waiting for this to rub off onto a few of the small cap mining service companies .....
-
Thanks SL ;up another 8% today too . Two others i have ,SRG and TPP both lifting nicely atm.
Last edited by Joshuatree; 24-08-2017 at 07:53 AM.
-
MND to a new high. More contracts and with huge infrastructure spend planned in Aus the contracts will keep coming.Think when the mining sector spend really takes off again then MND will be in a double whammy sweet spot along with its increasing recurring servicing sector.
Contracts Update
-
Rio TintoSales and marketing
" China’s steel industry is undergoing a structural change.
o Removal of less efficient steel-making capacity and strong demand is supporting steel pricing
and currently provides a robust backdrop for high quality iron ore.
Shipment guidance for 2018 remains unchanged at between 330 million and 340 million tonnes.
- Expected spending of ~$2.2 billion on replacement mines over the next three years including initial spending on the Koodaideri,
West Angelas and Robe Valley developments.
- Sustaining capital spending of ~$1 billion per year for the next three years in the Pilbara."
BHP , new $3.2 billion iron ore project too.
Looks like a good few years coming for M/S companies as the cycle enters an active up period. Holding MND indirectly, SRG and a few TPP. What are you into M/S wise.?
-
Not forgetting another high activity sector MND is also exposed to
Zenviron secures Lal Lal Wind Farm contract 3 pages 216.0KB
-
-
$15.62 up 4.4% on good results. The newer maintenance division growing fast ,ably filling the hole as the large oil/gas projects finish.
-
$320 mill in work announced in last few days and a 6 month 32c div announced.Cycle looks strong for MND.
Last edited by Joshuatree; 05-10-2018 at 02:52 PM.
-
Thinking about getting back in again.S/p down nearly another 10% today to $8.02 2016 prices! A huge infra spend coming up in Aus and MND is a best in breed business and things should work out here, MND and RIO go back a long way
Download Document 175.99KB
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Reply With Quote
Bookmarks