Monadelphous buys Queensland electrical firm

LOCALLY-BASED national engineering group Monadelphous will acquire Queensland specialist instrumentation and electrical services company Murray Instrumentation and Electrical (MIE). MIE supplies instrumentation and electrical services in Australia, South-East Asia, New Zealand. The acquisition involves Monadelphous making a payment to MIE of $1.9 million and issuing 180,000 ordinary shares to MIE’s privately owned parent company. MIE started as a family run business in 1975 and has grown to employ more than 120 people, achieving a turnover in excess of $15 million in the 12 months to December 31 2004. The acquisition comes as Monadelphous achieved a net profit of $8 million in the six months to December 31, doubling the amount of the previous corresponding period.


(existing subscribers)

The password field is case sensitive.
Request new password

Add your comment

BNIQ sponsored byTracc Civil

Monadelphous (MND)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/08/18

1 year TSR5 year TSR
131stSeven Group Holdings68%29%
175thSeven West Media49%-9%
782ndRCR Tomlinson-62%-13%
737 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$1k Bought
$35k Bought
$30k Bought
Total value as at the date of the transaction
Source: Morningstar


3rd-Seven Group Holdings$3,411.5m
4th↑RCR Tomlinson$2,004.1m
6th↓Seven West Media$1,637.0m
237 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Monadelphous

56thRob Velletri$979k
96thDino Foti$725k
237thPhilip Trueman$443k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer