MSG mcs services limited
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Vinn, Thanks for your comment. The business is in great shape...

  1. ShaneW88
    234 Posts.
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    07/10/21
    21:45
    Post #: 56645649
    Vinn, Thanks for your comment. The business is in great shape with $4.66m cash & not debt. If they used just half of that cash say $2m they could repurchase 16% - 17% of the business at these prices. Given it's very capital light also it could potentially replenish that cash quickly in need of an acquisition. I have some questions I'd like answered though. I've asked the CEO but he wasn't in a position to disclose.

    Question 1: The FY21 annual report states 1 customer contributed 36% of revenues. Does anyone know who this customer was? As I would hope MCS has a good relationship with them & renewed contracts going forward.

    Question 2: How much revenue is coming from their ad-hoc hospitals contracts?

    If anyone knows these answers please provide some clarity.

    Last edited by ShaneW88: 07/10/21
    MSG Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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