I think you have highlighted many of the positives and negatives. I would add that since 2014 revenue is 15x, number of shares on offer is 2.5x, long term debt 6x - soon to be about 3x. Such rapid revenue growth has come with pain for long time holders with the share price in 2014 being approximately what it is today - with no dividends since 2012 (I think). MSV does hold out the promise for large profits and good returns to shareholders, provided demand for rigs can be maintained, which seems likely under current demand for services. However management have thus far been unable to turn larger revenue into substantial profit. They have stated the intention to cease growth and focus on profit going forward. This has yet to materialize into profits so at the moment remains an statement of faith and intent to shareholders. Given 30% of shares are insider the intent seems legitimate and we can only hope they are able to achieve this. There are many factors at play underlying the lack of profit some of which may ease within the next 12 months (with luck!).
- Forums
- ASX - By Stock
- MSV
- Company as target?
Company as target?, page-2
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MSV (ASX) to my watchlist
|
|||||
Last
39.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $83.43M |
Open | High | Low | Value | Volume |
39.0¢ | 39.0¢ | 39.0¢ | $0 | 1 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.5¢ | 11235 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.375 |
3 | 30709 | 0.370 |
1 | 40000 | 0.365 |
3 | 36180 | 0.360 |
2 | 35000 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.385 | 11235 | 1 |
0.390 | 58177 | 4 |
0.395 | 13907 | 1 |
0.400 | 21510 | 2 |
0.410 | 10000 | 1 |
Last trade - 10.04am 04/09/2024 (20 minute delay) ? |
Featured News
MSV (ASX) Chart |