MIL millennium services group limited
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Re: Undervalued?

  1. J_666
    14 Posts.
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    29/01/18
    14:03
    Post #: 30631825
    The debt levels have become high but I suspect the dividend will be sustainable without increasing/rolling over borrowings as long as the business sees sufficient growth.
    $7m loans due this year I believe with $11m operating cash flow (assuming similar to 2017), a $4m dividend payout, and $8m cash on hand. Doesn't leave much to play with but I guess that's why it's going cheap. Worst case I see is that they reduce the dividend or increase borrowings to cover it.
    MIL Price at posting: $1.44 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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