Link to Yahoo article
https://au.news.yahoo.com/thewest/a/24749708/monadelphous-eyes-acquisitions/
The board of directors of the Monadelphous group remains committed to long term growth with a strong balance sheet and a solid reputation. Company in pursuit of acquisition opportunies to advance in oil and coal seam gas markets.
Smart move, they saved for the future and are in a stable position, they knew the resource building boom wouldn't last and now have some capital to invest in their future. THINKING LONG TERM MNOT JUST QUICK PROFIT
A sound investment, I'd buy shares if I had the money, but not just yet share price will still fall need to sit and wait till end of 2015 or maybe longer... Great returns so far.....better than a bank.....
Link to Article :http://www.fool.com.au/2014/08/11/is-it-time-to-buy-monadelphous-group-limited/
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