MSV 1.14% 44.5¢ mitchell services limited

Ann: 2022 AGM - Chairman's address, page-6

  1. 1,215 Posts.
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    DDH could buy this at 61-64c share, effectively increasing their business revenue & drilling fleet by more than half & make it work without accounting for any synergies (and they'd be very significant). Wondering what it would take for a transaction to take place considering Scott Tumbridge folded Deepcore into MSV for around 60c/share in a cash/equity deal I recall but has received substantial earn outs for the last 3 years too.....

    Still trading at a greater than 10% discount to the last raise. Would rather see an increase in the buyback preferentially over dividends at this stage if it continues to trade at these prices to increase future returns on equity. If the share price goes up, I'd be happy to take cash dividends. It's been a long and testing journey.
 
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Last
44.5¢
Change
0.005(1.14%)
Mkt cap ! $94.98M
Open High Low Value Volume
44.0¢ 45.0¢ 44.0¢ $88.05K 196.3K

Buyers (Bids)

No. Vol. Price($)
1 25000 43.0¢
 

Sellers (Offers)

Price($) Vol. No.
45.0¢ 25000 1
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Last trade - 14.57pm 28/06/2024 (20 minute delay) ?
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