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Monadelphous managing director Rob Velletri.

Monadelphous in $200m contract dispute

For the first time in 25 years, Monadelphous Group plans to institute legal proceedings against a customer, after revealing today the scale of its dispute with Queensland customer Wiggins Island Coal Export Terminal.

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Perth
Most sadly we had an almost exact same issue wopith another contractor on the same project. After 22 years is the industry we were obliged to take action for monies owed. The payment disputed was a clear breach of contract and as soon as we advised a claim, a ficticious counter claim was lodged against us. Unfortunately we didn't have the depth of pockets Monodelphus has. Good luck Rob. We are all on your side.

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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 31/12/18

1 year TSR5 year TSR
176thAustal10%20%
279thNavitas-4%-1%
284thSeven Group Holdings-5%18%
364thMonadelphous-18%1%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

26/11/18
$138k Bought
22/11/18
$56k Bought
20/11/18
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

3rd-Seven Group Holdings$3,411.5m
5th-Monadelphous$1,742.2m
7th↓Austal$1,408.5m
8th-Navitas$934.6m
237 listed industrial companies ranked by revenue.
Source: Morningstar

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