Australia's largest stock trading and investment forum Australia's #1 stock forum

MSG

Click for more information

0.00%

0.4¢ mcs services limited

Ann: Appendix 4C - quarterly, page-24

First 24 Last

Share
Profile

Follow
notlistening14

2,216 Posts.

957

30/04/19

09:50

Post #: 38319787
Share

Originally posted by Michaeljob ↑

Agreed, bloody good effort for any $4.5m company to be CFP. Having never lost a major contract the slightly lower revenue is likely more so billing cycle related than anything and as long as they keep winning new business they have a clear pathway to expanding profits.

They won new business (4 contracts) last quarter and expanded the alarm and CCTV side. The tender with the international hotel chain will be one to watch.

As we know it's a sector with thin margins so the company need to focus on fixed costs and scale. Admin was down for the Q and Victorian expansion underway showing that both costs and scale are being addressed. Not a bad quarter at all however unlikely to be the one that drives it past 5c. IMO 6-8m MC is about right given the current state of play, nail next Q with revenue included from the recent wins, a CCTV contract win and/or Vic expansion and the goal posts shift. Who knows though, the market may be happy to price these in earlier.

Expand

$2.6m in cash and receivables means $1.9m EV at current SP.

MSG Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

MKG

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

ENV

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

AZY

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

VUL

Vulcan appoints investment bank and M&A veteran to board

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

MLS

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

MM8

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

There are more pages in this discussion • 106 more messages in this thread...

First 24 Last

Add MSG (ASX) to my watchlist

SPONSORED BY