Revenue may have risen in recent years, but so have costs.
They are only at breakeven in the first 3 quarters on operating cash. Last quarter who knows (see above)?
They made losses in 2017-18 and 2018-19. Despite the rising revenue it is probably break even at best this year.
That is why I sold and why the market cap is $3 million. They need more size to be profitable given the low margin, but have been unable to deliver.
No contracts yet in eastern States which could provide scale, but are just a cost at present.
Ann: Appendix 4C - quarterly, page-11
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MSG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $792K | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 793000 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 904304 | 3 |
View Market Depth
| Last trade - 16.12pm 21/06/2024 (20 minute delay) ? |
| MSG (ASX) Chart |
Day chart unavailable