Ann: Preliminary Final Report, page-24

Hi Shane,

I for one would prefer they keep the cash for growth.
MCS have been doing well since covid started ?Due to covid

But if you go back to a couple of years ago, they are barely cash flow positive. Therefore, would make sense if they can further diversify their client mix.

I also remembered they did paid a fully unfranked dividend a few years ago, which I think was a mistake, you can argue that they are in a better position now...
Also they did buy back some shares awhile back when the shareprice was at a ridiculous level (Good move that).