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MCS - McAleese Limited

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McAleese Group is an Australian provider of specialised transport and logistics solutions. McAleese Group operates a portfolio of transport and logistics businesses that provide heavy haulage and lifting solutions across Australia, bulk commodities haulage and liquid fuels and petroleum distribution in key metropolitan centres and on interstate routes, and also design and manufacture fuel transfer equipment for domestic and international markets.

http://www.mcaleese.com.au

McAleese Limited (MCS) is expected to list on the ASX on November 28, 2013.
 
Any thought's on this company?

I guess it's a little too early to really see where there headed.

My motive to buying in is largely based on what I thought was a fair price on the share and the high experience of the board, whom majority previously worked for Asciano.

Good management= Good future share price & profits?
 
Not so sure about good management, the seem to have had a poor culture of safety and maintenance before listing, no more drama's n the news and the need to restructure so soon after listing.
 
Down over 50% within 3 months of listing. This is definitely a great IPO as far as the sellers are concerned.
 
I am actually surprise people buy this stock at IPO. This business has major safety issues before the IPO and they have to delay it ...that is some seriously red flag and when they list people still buy?

stock market is hard place already without trouble ...business with trouble and safety issues and no public track records, man that is one hell of a gamble.

Management play less of a role than you may think, Most company's results are determined less by its CEO than by its industry and the economy

what you want is able and honest management and not a super star in a industry where the business excel but not so much a good management in a **** industry.

Look at some business that are lead by a no name executives ...they are some of the best of the best because these guys run the right business that excel in our economy.
 
ROE said:
I am actually surprise people buy this stock at IPO. This business has major safety issues before the IPO and they have to delay it ...that is some seriously red flag and when they list people still buy?
Click to expand...

If I was to make a guess, the private equity seller dressed up the business for sale by reducing maintenance and repair costs. The problems won't be apparent straight away and hopefully by the time they do surface the business has been sold already.
 
Hey guys, I was just wondering if anyone could help me with the number of shares listed? as my aspect Huntley report said there is 287,000,000, but the company's last full year report lists it as being 209,590,517... the other thing that I wondering about was the shares released by escrow but I didn't understand it very well... so any help would be much appreciated. thanks
 
These guys seem to be completely falling apart. HHA (50% equity interest) has gone bust, now one of their biggest customers has gone into administration. And they also tipped $14m into AGO to help keep it afloat, God knows how that's going to work out!
 
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