Ann: Appendix 4C - quarterly, page-16

@edshann
when we discuss a stock, particularly a speculative one, it is a good practice to put into a contest, so I give you my opinion of MSG on two contest:

Micro situation:
MSG backdoor listed in FY15-FY16, at the time, they had 207m shares, or $10m mc, $15-$16m revenue, profitable but with under-declared wages for worker comp.

Today, MSG will reach $28m in revenue, some 85% WA metropolitan market, pay all statutory obligation on the book, in a very difficult Covid 19 environment, they still manage to record a record revenue last quarter, and look after their workers!

Also, MSG hasn't come to the market for capital raising for 5 years, in fact, the capital structure has been reduced by about 20m shares today.

Macro situation:
All Ordinary Index today is exactly at the same level as in 2016, while in 2016, the market has the momentum trending up. so arguably, 2016 onwards is a more favourable market for growth stock than today, given MSG is like next door bloke type of stock, it hasn't shined over last 5 years, but today, the only thing really matters is what is the size of your company and do you make money!!!

and for that, MSG is the top 1% of all ASX actually worth investing for a multi-baggers opportunity imo!!!