Monadelphous is riding the last wave of mining and energy projects
We make no change to our AUD 9.00 per share fair value estimate, and reduce our fiscal 2017 and 2018 earnings forecasts modestly to AUD 0.68 and AUD 0.69 per share, respectively. First-half fiscal 2017 NPAT fell 24% to AUD 29 million or AUD 0.30 per share, marginally weaker than expected. Group EBITDA margin fell from 8.5% to 8.0% as expected, but the 14% decline in revenue to AUD 631 million was slightly worse than anticipated. Reduction reflects lower construction activity partially offset by ...Monadelphous Group provides construction, maintenance and industrial services to the resources, energy and infrastructure sectors. Co. has two operating divisions working predominately in Australia, with overseas operations in New Zealand, China, Papua New Guinea, Mongolia and the U.S. The Engineering Construction division provides large-scale multidisciplinary project management and construction services. The Maintenance and Industrial Services division focuses on the planning, management and execution of mechanical and electrical maintenance services, front-end scoping, shutdowns, fixed plant maintenance services, access solutions, mine dewatering services and sustaining capital works.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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