MSV 1.33% 38.0¢ mitchell services limited

Here it is...Pretty disappointing imo. Rigs down, shifts down -...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 170 Posts.
    lightbulb Created with Sketch. 50
    Here it is...

    Pretty disappointing imo. Rigs down, shifts down - revenue therefore obviously down. Increased gold drilling not enough to offset slower met coal (even though prices are strong?), loss of Olympic dam and SMS...

    And speaking of SMS, another $2.3m impairment takes the total shareholder bath to $9.6m. Even at the last quarterly the total outstanding receivables was $8.5m. This was at contract termination so not sure where another $1.1m popped up from. I guess at this stage it doesn't really matter... Haven't been following the court case anymore but I assume they'll be amending their claim.

    Not seeing too many positives here. Can anyone else spot some rays of light?
 
watchlist Created with Sketch. Add MSV (ASX) to my watchlist
(20min delay)
Last
38.0¢
Change
0.005(1.33%)
Mkt cap ! $81.23M
Open High Low Value Volume
39.0¢ 39.0¢ 38.0¢ $51.62K 134.6K

Buyers (Bids)

No. Vol. Price($)
4 29178 38.0¢
 

Sellers (Offers)

Price($) Vol. No.
39.0¢ 19916 1
View Market Depth
Last trade - 15.59pm 11/10/2024 (20 minute delay) ?
MSV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.