Macmahon Holdings
Macmahon Holdings (MAH) is a leading civil construction and contract mining company, specialising in surface and underground mining, civil engineering, quarrying and processing, and equipment hiring. The Company operates through mining and construction business divisions and it floated on the Australian Stock Exchange on December 1, 1983. The Company’s operations are mainly held in Australia, New Zealand and Malaysia. The mining contracts of MAH consist of the Mt Whaleback iron ore project and the Ellendale diamond project. To date the Group employs over 3,000 people.
Mining and construction services company, Macmahon Holdings (ASX:MAH), have announced their full year profits to the market.
- Full year profit of $56 million from a loss of $2.7 million the previous financial year.
- Profit was buoyed from record revenue and project wins in FY 2012.
Peruse the dividend history for MACMAHON HOLDINGS LIMITED. Dividends are a distribution of a company's profit to its shareholders and paid out in the form of a cash dividend. You are eligible to receive MAH dividends if you own the MACMAHON HOLDINGS LIMITED shares on the ex-dividend date. Traders and investors must purchase the stock before the exdividend date to be entitled to the dividend. The previous owner of the shares will receive the MAH dividend if you buy the stocks on or after the ex dividend date.
Eastern Star Gas (ESG), a company that concentrates on conventional and coalbed methane gas exploration and production was the best performer of the week in ASX200 with a gain of 22.7 percent closing the week at 87 cents (market capitalisation $754.5 million). The company traded its stocks for 71 cents last week.
Gunns (GNS), a fully integrated hardwood forest products company which concentrates on milling, timber processing and merchandising, building and hardware supplies merchandising and building contractors was the worst performer in the ASX200 list for the week. The company had a market capitalisation of $282.4 million and lost 27.8 percent to its stock price and was closed for the week at 35 cents. Its stocks were traded at 49 cents during the last week.
Here is a strategy update on the Budget Impact on Equities provided by Australian market analyst UBS.
Strategy – Budget Impact on Equities
Rio Tinto (RIO) was the overall best performing stock taking in a 17.9 percent increase. Among the best performing stocks for the past week (week 45 of 2007) on the Australian sharemarket were a mixture of mining, technology and farming products manufacturers: Rio Tinto (RIO), Newcrest (NCM), Computershare (CPU), Bolnisi Gold (BSG), Nufarm (NUF). The above stocks secured gains higher than 7.5 percent at the end of the trading week.
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