MSV 0.00% 41.5¢ mitchell services limited

Ann: Quarterly Investor Update, page-5

  1. 1,920 Posts.
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    Agree with all that has been said. Slow growth, slightly better rig utilisation, good cash flow and cash retention etc but nothing to get really excited about. Nice to see the increased margin and low maintenance spend but it should be noted that the real driver in these results were the large decreases in depreciation going forward. At least they acknowledged that. As already noted I too look forward to a sustainable high yield.
 
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