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Monadelphous Group (MND)

$10.18
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What does Bull and Bear mean?

Market Matters View Point?

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Market Matters
bull
MM are selling MND in the Flagship Growth Portfolio, taking profit around $10.25

OPINION

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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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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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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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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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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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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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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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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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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ACTION

MND
UPDATED 13/09/2021 10:41
MM are selling MND in the Flagship Growth Portfolio, taking profit around $10.25
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MND
UPDATED 13/09/2021 08:22
MM is considering cutting our 4% holding in Monadelphous (MND)
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MND
UPDATED 24/08/2021 16:46
MM now has MND under review
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MND
UPDATED 23/08/2021 08:56
MM likes MND initially looking for a test of $13
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MND
UPDATED 06/08/2021 16:01
MM is a bullish MND initially targeting ~$13
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MND
UPDATED 04/06/2021 09:11
MM likes MND initially for +20% upside
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MND
UPDATED 28/04/2021 16:58
MM is considering cutting our MND position
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MND
UPDATED 14/04/2021 12:38
MM is considering selling MND ideally ~$12
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MND
UPDATED 23/02/2021 16:52
We are bullish MND.
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MND
UPDATED 22/01/2021 11:45
MM is considering selling MND ~8% higher.
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Engineering & construction in resources & energy

Monadelphous Group (MND) provides engineering and construction services to the resources and petrochemical industries. The Company provides mining and processing industry maintenance, mining equipment refurbishment, project management, construction, and airport ground handling services. Monadelphous Group serves customers in Australia.
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Monadelphous (MND)
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Monadelphous (MND)
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NRW Holdings (NWH) v Monadelphous (MND)
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Monadelphous (MND)
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Monadelphous Group (MND)
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Monadelphous Group (MND)
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Monadelphous Group (MND)
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Monadelphous (MND)
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Monadelphous (MND)
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Monadelphous (MND)
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Monadelphous (MND)
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Monadelphous Group (MND)
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Monadelphous Group (MND)
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Monadelphous (MND)
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Monadelphous Group (MND)
Tagged video
WATCH
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MM views on Bravura (BVS), Monadelphous (MND), HUB24 (HUB) & Zip Co (Z1P) Recorded Wednesday 25th August
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