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$1.15 millennium services group limited

Ann: Half Year Accounts, page-4

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spider5

1,941 Posts.

399

28/02/22

11:45

Post #: 59867464
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Originally posted by spider5: ↑

So many reports to read lately - only just got to this one and I am again disappointed with the outcome. There are a couple of things which were good to see but were just mediocre but I did say in a previous post that going forward would be a slow grind for MIL - 1. they are at last in positive equity (just) 2. They have actually made a real profit of $1.93m not a virtual one as they did last year due to $26m in Covid jobkeeper payments. 3. their margin is fractionally improving which means they are not competing for cheap contracts. Now for the one thing I do not like - 1. borrowings have increased but do not yet appear to have achieved much - revenue was in fact down a fraction. Still a long way to go IMO. Cannacord need to pull something out of a hat if they are to have any profit from their options.

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Would not allow me to post reply against your post @terrier - so I have used my own.

My goodness look what you have done! (haha) Alomes gone and Galea Founder taking over in the interim. My feeling is - hmmm - did all that and now he has gone! Must have asked for a big raise. Maybe he is looking for less of a challenge than what he copped with MIL. Anyway - great crystal ball you have - I want one too - where did you buy it?

MIL Price at posting: 51.0¢ Sentiment: None Disclosure: Held
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