MSV 1.47% 34.5¢ mitchell services limited

Ann: Organic growth strategy and equity raising, page-6

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  1. 11,306 Posts.
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    Those are good questions, a few factors you have no doubt considered would be timing from receipt of rigs to getting them on site and ready to drill, being conservative about timing and manning etc, and really the benefits of these rigs don't show up until full year 23. Also how are the accounting costs divided up to get a new rig on-site between capital costs and revenue accounts costs. I reckon/hope the market will look at the FY23 forecast as the underlying guidance. I hope they answer the questions you have!

    IMD have shot the lights out. SWK outlook will be interesting too.
 
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