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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.

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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 29/03/18

1 year TSR5 year TSR
108thAusdrill94%3%
269thRCR Tomlinson29%16%
272ndMonadelphous28%-1%
333rdNavitas17%2%
378thAustal7%24%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

29/03/18
$1k Bought
12/12/17
$35k Bought
15/09/17
$30k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

5th↑Austal$1,325.3m
6th↑RCR Tomlinson$1,294.6m
7th↓Monadelphous$1,252.1m
8th-Navitas$967.8m
9th↑Ausdrill$783.5m
236 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Monadelphous

66thRob Velletri$979k
113thDino Foti$725k
268thPhilip Trueman$443k
Ranked by total remuneration from all listed WA companies

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