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45.0¢ mitchell services limited

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deepdown64

39 Posts.

16

04/03/24

09:13

Post #: 72724842
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Originally posted by risk41: ↑

All very quiet here after a positive half year report.
Fortunately it is not quiet with the trading this week with a nice uptick in price.

Great cash generation and a lot to like, including another 2c div next week.

No tax to pay until later FY 25 or early FY 26.

One of the big sellers has been Sol Pats who held 5% in June 23 and as at 31/12/23 were at 2.9%.

Often business assets have a much higher value than on the books. You can see assets on books depreciated down to zero but still be worth millions.

Their plant and equipment has a cost base of $166M, but has been depreciated down to $59M.
It would be interesting to get an indication of the realistic value of these assets.

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The value of the assets goes up and down with the market. National fleet utilisation is falling and so will the realistic value of the assets.

MSV Price at posting: 34.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 45.0¢		Change 0.000(0.00%)		Mkt cap ! $96.11M

Open	High	Low	Value	Volume
45.0¢	45.0¢	45.0¢	$1.074K	2.386K

Buyers (Bids)

No.	Vol.	Price($)
3	154533	44.0¢

Sellers (Offers)

Price($)	Vol.	No.
45.0¢	105623	4

View Market Depth

No.	Vol.	Price($)
3	154533	0.440
2	27815	0.435
5	63383	0.430
3	25761	0.425
3	27380	0.420

Price($)	Vol.	No.
0.450	105623	4
0.455	3043	1
0.470	23250	1
0.475	16838	1
0.480	31841	3

Last trade - 11.24am 31/05/2024 (20 minute delay)

MSV (ASX) Chart

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