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2.41%

40.5¢ mitchell services limited

Lexus, i agree this reads well and outlook sound, it's 6 months...

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roughie12

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31/01/18

15:54

Post #: 30705598
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Originally posted by Lexus ↑

The upward cash-flow trajectory is set to ramp up another notch in the June 2018 quarter and beyond as the operating rig count moves higher from the peak of 40 that were operating in the Dec qtr and the absence of up-front rig mobilisation costs outlays incurred in the Dec qtr.
The total rig count across the business is about 60 rigs and with another 20 rigs to be deployed in (say) the next 18 months or so, working more and longer shifts over 3 year contracts with top tier miners, there’s a sustained period of several years of cash-backed earnings growth ahead.
The market hasn’t worked this out yet and the current share price doesn’t reflect the future prospects of the business so the buying opportunity remains at these share price levels.
And full marks to these guys for their comprehensive and relevant market disclosures, they’re up there with the best on that front too.

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Lexus, i agree this reads well and outlook sound, it's 6 months away from really breaking higher unless it lands some huge contracts..... but things are going very well am happy to hold and wait for the market to catch on

MSV Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 40.5¢		Change -0.010(2.41%)		Mkt cap ! $88.63M

Open	High	Low	Value	Volume
42.3¢	42.3¢	40.5¢	$137.6K	334.3K

Buyers (Bids)

No.	Vol.	Price($)
2	34500	40.5¢

Sellers (Offers)

Price($)	Vol.	No.
41.0¢	14010	2

View Market Depth

No.	Vol.	Price($)
2	34500	0.405
2	42500	0.400
2	37317	0.395
2	120000	0.390
3	104446	0.380

Price($)	Vol.	No.
0.410	14010	2
0.415	2751	1
0.420	43454	2
0.425	50000	1
0.430	101176	3

Last trade - 14.02pm 03/05/2024 (20 minute delay)


Last 40.5¢			Change -0.010 ( 2.41 %)
Open	High		Low	Volume
41.5¢	41.5¢		40.5¢	38115
Last updated 14.02pm 03/05/2024 ?

MSV (ASX) Chart