Ausdrill upgraded as Macmahon walks away

Brokerage Hartleys has upgraded its rating for Ausdrill Ltd to Buy after Macmahon Holdings Ltd allowed its takeover bid to lapse.


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This broker is speaking in generalities without looking at the track record of this company. when has Ausdrill disappointed on the down side in recent memory? Our experience with this company is positive - growth has been strong and they have delivered on promises. At 1.60, its in bargain territory misguided is a word that springs to mind!

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
122ndNRW Holdings116%-1%
206thFleetwood Corporation56%-21%
228thMacmahon Holdings45%-4%
388thUnited Overseas Australia10%13%
575thVietnam Industrial Investments-20%26%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$13k Sold
$21k Bought
$80k Bought
Total value as at the date of the transaction
Source: Morningstar


15th↓United Overseas Australia$425.5m
16th↑NRW Holdings$370.3m
17th↑Macmahon Holdings$366.5m
18th↑Fleetwood Corporation$330.1m
19th-Vietnam Industrial Investments$315.5m
234 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Macmahon Holdings

742ndJim Walker$178k
593rdEva Skira$98k
1011thVyril Vella$98k
Ranked by total remuneration from all listed WA companies

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