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$1.15 millennium services group limited

Well picked. Sometimes it takes years for the premonition to...

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beefarmer

15,814 Posts.

1447

22/12/23

11:09

Post #: 71586788
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Originally posted by terrier: ↑

Agree, although i think the ebitda figure will be closer to 12 than 14, still this will be a great result considering where we were 2 years ago.
The company is actually way cheaper now on an enterprise value than they were when they were trading in the twenty cent level, the balance sheet has been de risked and there is a good chance of a dividend at the next result,
a high quality board completes the transformation, and with the founders controlling a lot of the float, it makes for a tight register.
I have also heard there is another block of holders who share the same broker and they might well control around 15 % of the company, this is being set up for a corporate play sometime over the next few years, but they will need to pay well over a dollar per share to get any type of deal done.

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Well picked. Sometimes it takes years for the premonition to occur and it is difficult along the way, but today is a leap of faith for the
true believers. Been there done that myself. Well done and good writing.

MIL Price at posting: $1.08 Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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