Sorry for the cynicism but expecting a shocker of a quarterly now. I suspect this was put in place to cover for what's coming in the short term. The rig sale nicely covers capital requirements for shortfalls in already telegraphed reduced trading revenue & EBITDA this quarter
They've announced & put in place a buy back policy previously & opined that the share price was not reflective of value but I don't recall them ever buying a share. Will be interesting to see whether they actually do anything from mid july & if so in meaningful amounts rather than just token buys which would be worse, undermine confidence in management (again) & in turn hold back the share price going forward for longer
I'd prefer they went to town on the buyback over dividends with a share price below around 48c. Wonder where their buyback limit is at this time....
Sorry for the cynicism but expecting a shocker of a quarterly...
Add MSV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
40.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $85.43M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.5¢ | 40.0¢ | $33.32K | 82.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12721 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 64093 | 1 |
View Market Depth
| Last trade - 15.44pm 24/05/2024 (20 minute delay) ? |
|
|||||
|
Last
40.5¢ |
Change
0.000 ( 1.25 %) |
||||
| Open | High | Low | Volume | ||
| 40.5¢ | 40.5¢ | 40.5¢ | 3994 | ||
| Last updated 14.16pm 24/05/2024 ? | |||||
| MSV (ASX) Chart |