My context would be I bought into MSG at the float at 5 cps at the end of 2015, averaged down to under 4cps and was in the top twenty shareholders.
It kept promising, but has never delivered over that 4 years. I sold out in mid 2019 at around 2cps. It is a low margin business and has consistently made losses. It is probably only cash breakeven this year, but with another accounting loss. Yes revenue has risen, but so have costs. It is not profitable and so market cap has fallen.
It needs to spread nationally to get scale, but despite several attempts it has never picked up contracts in the eastern states. Even if it did, operating interstate could stretch management resources. It could diversify in WA into oil and gas and marine and now has the accreditation needed after a long wait, but no contracts.
Good luck, but for me there are many better stocks elsewhere.
My context would be I bought into MSG at the float at 5 cps at...
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