Australia's largest stock trading and investment forum Australia's #1 stock forum

MSV

Click for more information

7.50%

43.0¢ mitchell services limited

Ann: Appendix 4C and Investor Update, page-3

First 3 Last

Share
Profile

Follow
roughie12

2,115 Posts.

260

31/01/18

15:54

Post #: 30705598
Share

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.

Expand

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
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 2 more messages in this thread...

First 3 Last

Add MSV (ASX) to my watchlist

(20min delay)
Last 43.0¢		Change 0.030(7.50%)		Mkt cap ! $91.84M

Open	High	Low	Value	Volume
41.5¢	44.0¢	40.0¢	$289.0K	690.3K

Buyers (Bids)

No.	Vol.	Price($)
1	7500	43.0¢

Sellers (Offers)

Price($)	Vol.	No.
43.5¢	4000	1

View Market Depth

No.	Vol.	Price($)
1	7500	0.430
1	4761	0.425
2	21905	0.420
1	6553	0.415
2	4463	0.410

Price($)	Vol.	No.
0.435	4000	1
0.440	19500	2
0.445	60598	2
0.450	120549	3
0.455	30000	1

Last trade - 16.10pm 27/05/2024 (20 minute delay)


Last 43.0¢			Change 0.030 ( 7.50 %)
Open	High		Low	Volume
41.5¢	44.5¢		41.0¢	179722
Last updated 15.59pm 27/05/2024 ?

MSV (ASX) Chart