Around $150m of net debt isn't particularly stretched, especially given their recent Total Tools splurge and buyback.
I'd expect they're now in a strong position to continue to deliver profits and keep gearing at current levels or below. But yes, they found themselves Capital starved back in 2015. One would hope and expect they won't repeat that mistake.
MTS Price at posting:
$4.47 Sentiment: Hold Disclosure: Held
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