Maas Group Holdings
Commercial company
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Search complete. 6 mentions across 5 episodes found for "Maas Group Holdings".
Oct 16, 2026
Henry JenningsHOST
And we'll get on to this in corporate news.
Henry JenningsHOST
We had MGH, Maas Group.
Henry JenningsHOST
Well, Una Maas.
Henry JenningsHOST
14.8% higher on 11 million shares, $3.80.
Nadine BlayneyHOST
You can see that with the telcos here, but it was the market cap of the BHPs and the CBAs of the world that do good things for this market overall.
Nadine BlayneyHOST
So Maas Group, that's the fifth straight day of declines after Firmus withdrew its planned IPO, prompting Jefferies to downgrade the stock to hold, so off 15% today.
Nadine BlayneyHOST
Xero jumped, though, after appointing former Micron chief executive Mark Duncan as an independent non-executive director.
Nadine BlayneyHOST
But as I said, there was buying in the tech names in general.
Adam DawesGUEST
We've seen some other larger companies, uh, fall on the back of that.
Adam DawesGUEST
One is, um, the Ma- the Maas Group, M-A-A-S Group.
Adam DawesGUEST
It's an engineering business, uh, coming out of Dubbo Construction business, uh, their stock is down, uh, around about thirty percent, uh, due to the fact that they've had around about one point one billion dollar work or a billion dollars worth of work orders from Firmus, as well as they own around about three point two percent of the biz-- of Firmus as well.
Adam DawesGUEST
So there is the, the knock-on effect that we're seeing from Firmus not listing, uh, a-affecting other companies on the ASX.
Henry JenningsGUEST
So they did pin their fortunes very much.
Henry JenningsGUEST
in the Maas Group, and unfortunately, that has come undone.
Henry JenningsGUEST
You know, there will come a point where it's worth buying, and I'm not sure how far away that is, given that they sold their building construction business to Heidelberg for USD$1.6 billion, USD$1.7 billion.
Henry JenningsGUEST
So they've got plenty of cash, plenty of orders in theory, if Firmus can find the money to actually continue with those orders, which Maas Group have said that they are expecting, you know, USD$370 million worth of those orders to be completed.
Henry JenningsGUEST
in FY27.
Henry JenningsGUEST
So there will come a point to buy them.
Henry JenningsHOST
Now, well and truly off the highs of over $7.20, back down to $6.39.
Henry JenningsHOST
So a certain amount of volatility still in play in Maas Group.
Henry JenningsHOST
The other one, L-Site falling 5.6%, 3 million shares.
Henry JenningsHOST
Of course, that's in the drone business, connecting drones.