MSV 1.19% 41.5¢ mitchell services limited

I have concerns with the amortisation and depreciation of the...

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    I have concerns with the amortisation and depreciation of the plant and equipment. depreciating 25% roughly is what I've worked out as an estimate.

    noting 2021 target EBITDA of 40M (uplift from 34M)
    net profit figures are landing at around EBIT:14M or 10M after tax.

    up from 7M this year. so we are only looking at a gain of about 40% on profit... or indeed, the share price.

    target price: 2021, 75c

    hopefully I got the depreciation calc Wrong at 19M,
    but I know the amortisation is correct.

    any accountants can help here? cheers
    https://hotcopper.com.au/data/attachments/2600/2600858-b877a27866f8f78ae2dddf9ad726d00d.jpg
    https://hotcopper.com.au/data/attachments/2600/2600861-14939819ff4690053c63c6c8a7c12ab9.jpg
 
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