@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!!!
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $990.4K |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $393 | 78.50K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1616046 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 421496 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1616046 | 0.004 |
1 | 1000000 | 0.003 |
1 | 2598504 | 0.002 |
2 | 2000999 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 421496 | 1 |
0.006 | 84541 | 1 |
0.007 | 450000 | 2 |
0.008 | 2000000 | 1 |
0.009 | 3419744 | 2 |
Last trade - 10.04am 17/06/2025 (20 minute delay) ? |
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