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0.6¢ mcs services limited

they should be giving the profit number in announcement. no way...

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TheTapeTrader

81 Posts.

1

07/09/22

06:30

Post #: 63554941
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Originally posted by edshann: ↑

So potentially paying $2.6 million for a (low margin?) business with revenue under $7 million last year given the incentive payment.

MSG earns a gross margin of around 15% or a gross profit of $1 million before overheads for this business if the margin is similar.

Why would it be higher?

It does not add up to me, though they can spread overheads. Gross margin would have to be much higher given the risks to make this a bargain.

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they should be giving the profit number in announcement. no way to judge mgmt capital allocation skills without it.

MSG Price at posting: 4.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.6¢		Change 0.000(0.00%)		Mkt cap ! $1.189M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
6	5966312	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	31117	1

View Market Depth

No.	Vol.	Price($)
6	5966312	0.005
2	700000	0.004
1	350000	0.003
2	1500000	0.002
2	4100000	0.001

Price($)	Vol.	No.
0.006	31117	1
0.010	400000	1
0.050	220000	1
0.000	0	0
0.000	0	0

Last trade - 16.12pm 08/05/2024 (20 minute delay)

MSG (ASX) Chart

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