MSG mcs services limited

MSG reported $4.6m in cash at the end of FY21 & 186.3m basic...

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    MSG reported $4.6m in cash at the end of FY21 & 186.3m basic shares outstanding.
    If management used just half the cash on it's balance sheet of $2.3m or 0.012c/share it could deliver a return to it's shareholders of 18.4% based on today's share price of 0.065c. For the lucky one's who got in this time last year at around 0.02c/share would see a return of 66%.
    I know the company wants cash for possible acquisitions or vertical integrations but it's cash conversation rate is so high it could replenish cash quite fast IMO. The business carries no debt & low Capex to sustain operations so I don't see this as a risky option if management were to execute on this.

    Would love t hear any thoughts?
 
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Last
0.5¢
Change
0.000(0.00%)
Mkt cap ! $990.4K
Open High Low Value Volume
0.5¢ 0.5¢ 0.5¢ $1K 200K

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No. Vol. Price($)
3 1616046 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 221496 1
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Last trade - 12.34pm 18/06/2025 (20 minute delay) ?
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