MSV 2.38% 41.0¢ mitchell services limited

I have no problem with the CR terms.....there's no dilution if...

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    I have no problem with the CR terms.....there's no dilution if you take up your entitlement and yes, it's cheap (as disclosed my intention is to participate fully)

    I've compared the figures to DDH.....they only compare on the EBITDA percentage metric but not on revenue per rig....revenue per rig in DDH is significantly higher than MSV on a comparable basis by simply dividing total revenue by rig numbers. Cross referencing MSV's fleet size against DDH's was part of my modelling.
 
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