Master Drilling (MDI) is a South African company that specialises in drilling exploration and other holes for the mining industry, and which has diversified into drilling for hydro-electrical projects and construction. The company has moved away from the South African mining industry and now provides services in North and South America, Europe and elsewhere. It...
Master Drilling (MDI) is a South African company that specialises in drilling exploration and other holes for the mining industry, and which has diversified into drilling for hydro-electrical projects and construction. The company has moved away from the South African mining industry and now provides services in North and South America, Europe and elsewhere. It...
JSE:MDI came out with positive figures; 34% revenue growth, 57% EPS increase, and 19% cash increase from continuing operations. No interim dividend as per company's dividend policy.
Technically, the stock is on an uptrend, at an area of value. Potential buy area, R14.50/share.
Master drilling has been consolidating in a flag pattern since the strong move up from 520c levels to 900c levels. A convincing (volume) break above 800c could see this share go to 930c and 978c levels.
Warning: Low liquidity on this share could see some wild swings.
