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40.0¢ mitchell services limited

The value of the assets goes up and down with the market....

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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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(20min delay)
Last 40.0¢		Change -0.020(4.76%)		Mkt cap ! $85.43M

Open	High	Low	Value	Volume
41.5¢	41.5¢	39.5¢	$118.8K	294.2K

Buyers (Bids)

No.	Vol.	Price($)
3	83297	39.5¢

Sellers (Offers)

Price($)	Vol.	No.
41.5¢	64093	1

View Market Depth

No.	Vol.	Price($)
2	73297	0.395
6	79489	0.390
4	46745	0.385
5	121343	0.380
1	8333	0.360

Price($)	Vol.	No.
0.415	64093	1
0.420	38780	2
0.425	41528	2
0.430	93776	1
0.450	120549	3

Last trade - 16.10pm 14/05/2024 (20 minute delay)


Last 40.0¢			Change -0.020 ( 3.61 %)
Open	High		Low	Volume
40.5¢	40.5¢		40.0¢	22807
Last updated 14.08pm 14/05/2024 ?

MSV (ASX) Chart