Good yield, Ex dividend 2/9/21

Chart: above 50day MA, Now retesting the 90c

.. company overview:

Maca Limited (MLD) is a mining and civil construction company offering contract mining, civil earthworks, crushing and screening and material haulage solutions to mining industry throughout Australia.

Contract Mining and Crushing:

They are specialist mining services provider, committed to delivering mine to mill solutions through the utilisations of modern equipment and operating techniques. They offer in-house drill & blast services and a self-owned fleet of mining plant and equipment. They deliver Open Cut Mining Projects across a range of commodities including gold, lead, iron ore, nickel and diamonds. They provides crushing and screening services which includes modern fleet of crushing equipment including primary jaw crushers, secondary cone crushers and tertiary cone crushers along with Complete screening services like scalping screens, vibrating and fixed screens and single, double and triple deck screens.

Civil Construction and Infrastructure:

Through their civil construction services include Civil bulk earthworks for the private / resource sector including mining, TSF, road, airstrips, camp pads, borefield and camp infrastructure. Their Public works civil capabilities include roads and bridges, bulk earthworks, aerodromes, drainage and marine works. Under Infrastructure and maintenance, they provide roads maintenance and construction, parks and gardens, specialist services, verge works, bridge works and safety barriers.

Mineral Processing Equipment:

They deliver small to large scale structural, mechanical and piping (SMP) projects including engineering, procurement and construction (EPC), new and refurbished process plant & equipment, maintenance of, and consumables including grinding media to the Mineral Processing sector of the resources industry.

Idea to buy for dividend

Ex- dividend 2/9/21 Gross divi 7.88%pa

Annual Results: 27/9/21

AGM 19/11/21 proposed

Last announcement 30/7/2021

1/ Pro's: low debt to equity

leveraged to the mining industry.

Diversified contracts. Mining, Civil, 

Mining Revenue: $608Mill

EBITDA: growing 2019 $81mill, 2020 $88mill.

International:

OPMS Cambodia 100% owned

Maca Mineracao construcao civil 100% owned.

Solid fundamentals:

ROE, low % payout ratio sustainable, 

2/ Cons: Labour costs,