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TheTapeTrader

82 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 0.4¢		Change 0.000(0.00%)		Mkt cap ! $792.4K

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

Buyers (Bids)

No.	Vol.	Price($)
2	2000330	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	895619	1

View Market Depth

No.	Vol.	Price($)
2	2000330	0.003
4	3700333	0.002
3	5300999	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	895619	1
0.010	400000	1
0.040	500000	1
0.000	0	0
0.000	0	0

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