MSV 1.47% 34.5¢ mitchell services limited

Ann: Quarterly Investor Update, page-26

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  1. 295 Posts.
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    If you look to last year the quarterly wasn't realised until 12 02.

    For me it will be interesting if this latest COVID out break has affected earnings. I would be surprised if it hasn't. This is for many companies on the Eastern side, not just MSV.

    The selling for me is not unexpected as no news with capital raising at 42 cents. I would be guessing a large percentage of the sellers are from the capital raise. There is no reason to buy as if you know he story and like it you are probably in already.

    Sentiment may be hurt if the $2mil is not confirmed from SMS. My experience is dealing with smaller mining services companies is they can be terrible payers as they always seem to be running into cashflow issues and the culture for some is to hang onto others money for as long as possible.

    We'll know in a month or maybe sooner. Maybe drift lower but hopefully from the announcement we'll see the fundamental long term outlook is in tack.
 
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Last
34.5¢
Change
0.005(1.47%)
Mkt cap ! $73.63M
Open High Low Value Volume
34.5¢ 34.5¢ 34.0¢ $16.01K 46.51K

Buyers (Bids)

No. Vol. Price($)
3 210735 34.0¢
 

Sellers (Offers)

Price($) Vol. No.
34.5¢ 10000 1
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