Monadelphous Group (MND)

13/09/2021 12:11

Flagship Growth Portfolio – Amendments

We are selling MND & Buying AWC in the Growth Portfolio Today

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10/09/2021 09:39

Start sharpening the “Buy” pencils.

MM has focused on our Flagship Growth Portfolio this morning but we also hold reasonable cash levels in other portfolios which may spring into action if / when we do see opportunities arise if the current retracement is ongoing. We currently hold 7% of this portfolio in cash with one stock close to being cut which would increase this to 11% i.e. Monadelphous (MND) missed earnings...

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25/08/2021 09:24

Two Mining Services / Engineering stocks

Yesterday saw Monadelphous (MND) hammered over -14% following earnings which uncovered margin pressure caused by a tight labour market. Improved revenue needs to flow down to profit otherwise alarm bells ring especially when revenue is now expected to be lower in FY22, a double whammy. Conversely last week NRW Holdings (NRW) delivered...

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24/08/2021 16:23

Monadelphous (MND) $10.10

FY21 Results: MND reported revenue of $1.95bn which is ~6% above expectations however profitability was a miss given margin issues, NPAT of $47.1m was a ~13% miss to consensus. The FY21 DPS of $0.45 was inline while guidance is now for lower revenue in FY22 – the market is positioned for a similar level. They talked to ongoing skill shortages with...

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24/08/2021 08:07

Reporting Today (AMA, ALC, AWC, ANN, ASB, BRI, BLD, CBR, EP1, EHE, OSH, MND, SKI, NTO, SCG, SEK, HUB, RDY, REH, KGN, VEA)

Companies reporting today include: AMA Group Ltd. (AMA), Alcidion Group Ltd. (ALC), Alumina Ltd. (AWC), Ansell Ltd. (ANN), Austal Ltd. (ASB), Big River Industries Pty (BRI), Boral Ltd. (BLD), Carbon Revolution Ltd. (CBR), E&P Financial Group Ltd. (EP1), Estia Health Ltd. (EHE), Oil Search (OSH), Monadelphous Group (MND), Spark Infrastructure (SKI), Scentre Group (SGC), Seek (SEK), Hub24 (HUB), ReadyTech (RDY), Reece (REH), Kogan (KGN), Viva Energy (VEA), Nitro (NTO)

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20/08/2021 09:22

Monadelphous (MND) $11.52

Mining services business MND caught my attention yesterday after our other holding in the space NRW Holdings (NWH) soared ~18% following its FY21 result with investors focusing on optimistic rhetoric around a large order book and improving margins. Both MND and NWH have endured a tough 2021 but we believe they’re both well positioned to at least bounce another 10-15%.

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05/08/2021 09:23

Monadelphous Group (MND) $11.40

Mining services stock MND has bounced 22% from its mid-June low, a move we flagged close to the low but felt unable to exploit due to our large weighting towards the sector. The company continues to land new construction and maintenance contracts and although skilled staff are becoming harder and more expensive to secure the net...

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23/06/2021 09:37

Flagship Growth Portfolio

This portfolio is up ~30% financial year to-date as some sector rotation has helped add solid value in a number of instances. The last week has seen some healthy returns from some of our IT names like Megaport (MP1), Zip (Z1P) and Altium (ALU).

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04/06/2021 09:01

Monadelphous (MND) $10.15

MND is a very similar story to NRW Holdings which is no surprise considering their respective businesses, in true form to many underperformers we feel MND is looking for / found a low and at least the next 20% is up.

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28/04/2021 09:54

Monadelphous (MND) $12.43

MM has finally bounced over 20% after reaching an out of court settlement with RIO on an outstanding issue which has been hanging over the stock for over 12-months

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