21/02/2023 16:58

Monadelphous (MND) $12.73

MND -8.81%: a strong 1H but weak guidance weighed on shares in the contractor today. Monadelphous saw Revenue fall 10% in the half, though this was at the top end of guidance of a 10-15% fall, while EBITDA of $58.2m was a 6% beat to consensus on improved margins.

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27/01/2023 09:21

2 Monadelphous Group Ltd (MND) $13.91

This mining services stock has looked great over recent sessions with optimism around China’s reopening appearing to increase sentiment towards the company. Considering its link to the Australian Miners we like MND i.e. as their Capex increases after years of relatively low investment MND should become a major beneficiary.

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23/08/2022 17:33

Monadelphous (MND) $12.11

MND +5.86%: FY22 was better than expected across most key metrics, EBITDA of $111m compared to $104m forecast while NPAT of $52.28m was around an 8% beat to consensus and up 11% YoY. They said the outlook for core markets continues to be strong, with the mining services company flagging a strong capex outlook in iron ore, battery metals...

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17/01/2022 09:03

3 – MM’s top 3 stock picks for 2021

RIO Tinto (RIO) $124.01: we were looking for 20% upside but the iron ore crash limited the gains to 10% before the tide turned.

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26/11/2021 09:21

Monadelphous (MND) $9.24

Following on from NRW Holdings (NWH) strong 8.4% rally yesterday after its positive AGM we thought it was worth a quick look at one of its peers to see if we liked its prospects. The likes of Monadelphous (MND) & CIMIC Group (CIM) are not as cheap as NWH making the risk / reward less appealing for a recovery play hence MM will stick with our...

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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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