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Michael Finnegan (left) and Jim Walker are looking forward to focusing on Macmahon’s growth opportunities. Photo: Attila Csaszar

M&A deals take surprise twists

The possibility of a takeover bid was a regular topic of discussion at Macmahon Holdings’ board meetings during the past year, especially with renowned hostile bidder CIMIC Group sitting on its share register.

The mining contractor spent a lot of time preparing for this possibility, but admits the final outcome was not what it originally anticipated.

“We were prepared, we had advisers, we had plans, but the final outcome certainly wasn’t what we put on the whiteboard in the very first meeting,” chief executive Michael Finnegan said.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/06/17

1 year TSR5 year TSR
109thMacmahon Holdings88%-21%
218thDecmil Group35%-13%
439thTox Free Solutions-2%2%
778thQuintis-79%-8%
711 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

29/06/17
$21k Bought
13/06/17
$80k Bought
02/03/15
$11k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

17th↑Tox Free Solutions$394.9m
18th↓Macmahon Holdings$358.3m
20th↑Quintis$306.0m
21st↑Decmil Group$299.8m
230 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Macmahon Holdings

677thJim Walker$178k
649thEva Skira$98k
1108thVyril Vella$98k
Ranked by total remuneration from all listed WA companies

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