Last C$5.63 CAD
Change Today +0.06 / 1.08%
Volume 238.4K
MDI On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Berlin
As of 3:07 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

major drilling group intl (MDI) Snapshot

Open
C$5.74
Previous Close
C$5.57
Day High
C$5.87
Day Low
C$5.62
52 Week High
03/5/14 - C$9.78
52 Week Low
12/9/14 - C$5.01
Market Cap
450.0M
Average Volume 10 Days
467.3K
EPS TTM
C$-0.51
Shares Outstanding
80.1M
EX-Date
10/8/14
P/E TM
--
Dividend
C$0.20
Dividend Yield
3.53%
Current Stock Chart for MAJOR DRILLING GROUP INTL (MDI)

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major drilling group intl (MDI) Details

Major Drilling Group International Inc. primarily provides mineral exploration drilling services for mining and mineral exploration companies. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, and shallow gas drilling services, as well as provides combination, diamond, and energy drilling services. The company has a fleet of approximately 700 drills. It has operations in Canada, the United States, South and Central America, Australia, Asia, and Africa. The company was founded in 1980 and is headquartered in Moncton, Canada.

Founded in 1980

major drilling group intl (MDI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$396.6K
Chief Financial Officer
Total Annual Compensation: C$223.1K
Chief Operating Officer
Total Annual Compensation: C$243.3K
Vice President of Latin American & West Afric...
Total Annual Compensation: C$217.2K
Compensation as of Fiscal Year 2014.

major drilling group intl (MDI) Key Developments

Major Drilling Group International Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended October 31, 2014

Major Drilling Group International Inc. reported unaudited consolidated earnings results for the second quarter and six months ended October 31, 2014. For the quarter, the company reported total revenue of CAD 87,192,000 against CAD 92,268,000 for the same period in the last year. Uncertainty around economic matters impacting the mining market continues to cause delays in customers' exploration drilling plans, and in a number of jurisdictions, uncertainty as to the policies of host governments or issues of land tenure also had an impact on quarterly results. Also, many junior customers have scaled back or suspended drilling activities due to a lack of capital. Loss before income tax was CAD 7,784,000 against CAD 10,421,000 for the same period in the last year. Net loss was CAD 10,148,000 or CAD 0.13 per basic and diluted share against CAD 19,100,000 or CAD 0.24 per basic and diluted share for the same period in the last year, as the company recorded a goodwill impairment of CAD 12.1 million last year related to its Chilean operations. Loss from operations was CAD 4,742,000 against CAD 8,075,000 for the same period in the last year. Cash flow from operating activities was CAD 7,227,000 against CAD 22,074,000 for the same period in the last year. Acquisition of property, plant and equipment (net of direct financing) was CAD 2,912,000 against CAD 6,005,000 for the same period in the last year. EBITDA was CAD 8.4 million against CAD 15.7 million for the same period in the last year. Additionally, during the quarter, the company added 39 percussive underground drills from the acquisition while retiring 9 rigs For the six months, the company reported total revenue of CAD 154,743,000 against CAD 200,479,000 for the same period in the last year. Loss before income tax was CAD 17,494,000 against CAD 6,670,000 for the same period in the last year. Net loss was CAD 17,479,000 or CAD 0.22 per basic and diluted share against CAD 17,578,000 or CAD 0.22 per basic and diluted share for the same period in the last year. Loss from operations was CAD 12,355,000 against CAD 1,352,000 for the same period in the last year. Cash flow from operating activities was CAD 8,139,000 against CAD 24,784,000 for the same period in the last year. Acquisition of property, plant and equipment (net of direct financing) was CAD 10,057,000 against CAD 11,209,000 for the same period in the last year. EBITDA was CAD 13.1 million against CAD 35.3 million for the same period in the last year.

Major Drilling Group International Inc., Q2 2015 Earnings Call, Dec 05, 2014

Major Drilling Group International Inc., Q2 2015 Earnings Call, Dec 05, 2014

Major Drilling Group International Inc. Declares Semi-Annual Dividend, Payable on November 3, 2014; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended July 31, 2014

The Board of Directors of Major Drilling Group International Inc. has declared a semi-annual dividend of CAD 0.10 per common share, which will be paid on November 3, 2014 to shareholders of record as of October 10, 2014. The company reported unaudited consolidated earnings results for the first quarter ended July 31, 2014. For the quarter, the company reported total revenue of CAD 67,551,000 compared to CAD 108,211,000 for the same period a year ago. Loss before income tax was CAD 9,710,000 compared to profit before income tax of CAD 3,751,000 for the same period a year ago. Net loss was CAD 7,331,000 or CAD 0.09 per diluted share compared to net earnings of CAD 1,522,000 or CAD 0.02 per diluted share for the same period a year ago. Cash flow from operating activities was of CAD 912,000 compared to CAD 2,710,000 for the same period a year ago. Acquisition of property, plant and equipment was of CAD 7,145,000 compared to CAD 5,204,000 for the same period a year ago. EBITDA was CAD 4.8 million compared to CAD 19.6 million for the same period a year ago.

 

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Price/Book 0.9x
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TEV/Sales 1.2x
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