MSG mcs services limited

Ann: Quarterly Activities and Cashflow Report, page-3

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    Better than neutral as they previously predicted revenue of $17.1 million in FY17 and gross profit of $4.23 million and revenue was $9.25 million in the 1H and gross profit was $2.11 million. They expected improved margins in the second half and so seem on track to exceed forecast revenue and gross profit (if margins improve), even without new contracts and acquisitions. The interesting question is will they pay an interim dividend or conserve cash for acquisitions? Share price should push up as this confirms the cash generation potential of the business.
 
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Mkt cap ! $1.584M
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Price($) Vol. No.
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