Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi Gentlemen, I bought Maas Group Holdings (MGH) a while ago and watched it climb to almost $5.00, but since it acquired those other companies (which analysts considered a sound decision), the price has fallen to as low as $3.50, even after a large on-market buy back. It appears to be a very healthy operation. What, if anything, went wrong here?
Hi David,
For subscribers not familiar with Maas (MGH) is a Dubbo based industrial company specialising in construction materials, civil construction, equipment services, manufacturing, and real estate. MGH has indeed struggled since its bad earnings miss in February, on the day the stock dropped as much as 17%, its largest ever decline:
With Labour way ahead in the polls and at the bookies the roll out of renewables projects looks safe, a big risk a few months ago. With the poor result behind it and Albo likely to win MGH looks good value below $4.
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