Search
Chris Tuckwell says the placement attracted support from institutional and professional investors.

Maca in $60m placement

Mining and civil contractor MACA has raised $60 million to expand its mining fleet, driven by what the company described as an exceptional pipeline of available work.

It comes just days after the contractor was awarded work at the Pilbara Minerals’ Pilgangoora lithium project, with Maca to be mining at the open pit site starting in November.

Maca will issue 33.4 million shares at a price of $1.80 each, a 7.5 per cent discount to the company’s five-day volume-weighted average price.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

CAPTCHA
Thanks! This question prevents spammers...
Image CAPTCHA
Enter the characters shown in the image.

Add your comment

MACA (MLD)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
143rdAusdrill68%-1%
217thAustralian Finance Group37%0%
275thMACA25%15%
368thTox Free Solutions8%0%
708thWellard-48%0%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

14/11/17
$144k Bought
26/09/17
$20k Bought
06/09/17
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

9th↑Ausdrill$783.5m
10th↑Australian Finance Group$573.4m
11th↑MACA$520.3m
12th↑Tox Free Solutions$498.1m
13th-Wellard$497.9m
231 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from MACA

113thChris Tuckwell$759k
200thMaurice Dessauvagie$582k
202ndMitch Wallace$581k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer