Macmahon managing director Ross Carroll.

Macmahon protest vote after downgrade

Macmahon Holdings shareholders have registered their displeasure with the company’s poor finance performance, with nearly half voting today against the granting of performance rights to managing director Ross Carroll.

Business News understands that Leighton Holdings, which holds a 19.5 per cent stake, was among the shareholders that voted against the scheme, on the basis it was overly generous.

The vote came after Mr Carroll downgraded the company’s revenue projections in response to contractual problems it is facing in Mongolia and the “tightness in the current market, which has resulted in a shortage of new work”.


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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
73rdMacmahon Holdings158%-6%
82ndNRW Holdings141%-6%
337thVietnam Industrial Investments15%27%
726 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


17th↓NRW Holdings$370.3m
18th↓Macmahon Holdings$366.5m
20th↓Vietnam Industrial Investments$315.5m
233 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Macmahon Holdings

776thJim Walker$178k
626thEva Skira$98k
1064thVyril Vella$98k
Ranked by total remuneration from all listed WA companies

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