Analyst Research Report Snapshot

Title:

MDM ENGINEERING GROUP - INTERIM DIVIDEND INCREASE

Price:

$10.00

Provider:

Edison Investment Research

Date:

16 Dec 2011

Pages:

6

Type:

AcrobatPDF

Companies referenced:

MDME.L

Available for Immediate Download
Summary:

MDM Engineering Group’s (MDME) strong results for the six months ended 30 September 2011 includes a fivefold increase in interim dividend, pointing to a prospective yield of 4.7%. MDME’s return to profitability over the last 12 months is on the back of seven execution projects representing some US$600m of confirmed contract value work with leading mining industry names. In its accompanying statement management expressed confidence about second half earnings, and points to a pipeline of potential projects valued at c US$1.5-2.0bn.

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