MCU mitchell communication group limited

good half yr results, page-7

  1. 8,165 Posts.
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    No, by law buybacks cannot push up the price of the shares.

    Not that it really matter, as I find alot of the time they're quite right, but most brokers value this company at around $1.50. As they have started a buy back for around $20mill, it looks like they are spedndeing money that they did not use in the $30millish share issue plus a few more mill.

    I think they are amassing quite a large amount of cash at the moment, however I could be wrong on this considering that gross billings were $590mill and EBITDA was only $15mill.... looks like tight margins, going off commquests 4C staffing costs were 50%+ I'm wondering whether MCU's is around that level also.

    Anyway future is bright.

    Regards.
 
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