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Macmahon wins $230m contract

WELSHPOOL-BASED contracting and services group, Macmahon Holdings Ltd, has been awarded a $230 million contract with BHP Billiton Iron Ore’s Jimblebar mine, 60 kilometres east of Newman. The news comes less than a month after the group was named preferred tenderer for the second stage of Rio Tinto’s four Argyle Mine underground works, as well as being awarded a design and construction contract for the state government’s Mitchell Freeway extension. Macmahon said the Jimblebar mine, which is an existing BHP Billiton Iron Ore mine, has been operated by Macmahon on a short-term contract since March this year. The mine was previously operated by BGC. Macmahon now has two long-term BHP contracts in the Newman region, Orebody 18 and Jimblebar, requiring a combined workforce of more than 300 people.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
280thMacmahon Holdings30%11%
417thDecmil Group4%-6%
477thCash Converters International-1%-19%
481stGR Engineering Services-1%35%
482ndFleetwood Corporation-2%-8%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

13/10/17
$13k Sold
29/06/17
$21k Bought
13/06/17
$80k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

17th↑Macmahon Holdings$366.5m
18th↑Fleetwood Corporation$330.1m
20th↑Decmil Group$304.1m
22nd↑Cash Converters International$270.9m
23rd↑GR Engineering Services$239.3m
239 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Macmahon Holdings

667thJim Walker$178k
533rdEva Skira$98k
919thVyril Vella$98k
Ranked by total remuneration from all listed WA companies

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