Monadelphous Group (MND)

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Question asked 22/03/2021

Monadelphous Group (MND)

Hi team, I'd like to get your thoughts on MND at current levels. It has had a significant pullback despite a seemingly positive report in February. Is this a buying opportunity, or is there something else going on with the business more broadly? Or perhaps the market more broadly anticipating the retreat of funds as long-term bond yields increase? Regards Alan

Answer

Hi Alan,

MND has unfortunately endured a major retracement in 2021 although it did pay a 24c fully franked dividend earlier in the month. We believe it’s becoming cheap but its undoubtedly out of favour with investors at present, we are choosing to stay long but like yourself MM is on the look out for negative catalysts to justify the recent descent

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Monadelphous Group (MND)

LAST UPDATED 22/03/2021 16:36

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