Ann: Quarterly Investor Update, page-11

My thoughts:
- Another great result - hit their targets, debt reducing etc
- The company's Directors, Senior Managers and Managers all have an interest in the company
- 2 major brokers backing them
- MSV is predictable ... they delivery on their targets and previous ASX announcements

So I think the share price moved from the mid 40s to the mid 50s cent range in May-June in advance of the announcement.

The company's ASX updates follow a standard format they have been using for some time. This is good and makes it easy to compare.

However, I think they think they are a private company as they don't really share much information to the broader shareholders often. They seem to keep it private. This is what makes me think they think of themselves as a "private / closed" company.



Covid has hit hard again ... market getting nervous again.

If MSV continues to perform in a similar manner, then I think the next re-rate in share price may occur around late Aug-Sept.

Great company and I am sure the dividend will increase well above 1.1c FF after they pay down their debt - they have been doing a good job with this.

Good long term hold with excellent capital and dividend growth ahead for those that are patient and will to hold for the next 2+ years.

DYOR