MSV 2.41% 40.5¢ mitchell services limited

Here's a question for you all.......where do you think MSV are...

  1. 1,311 Posts.
    lightbulb Created with Sketch. 744
    Here's a question for you all.......where do you think MSV are going to get better bang for their buck.....expanding the rig fleet or in an on market share buyback up to 60c per share? I've done some workings, a buy back beats rig expenditure hands down at these levels. I'm not sure why they are not utilizing the buy-back they have in place. The balance sheet can accommodate it comfortably now. Apparently it was bought up at Board level some time ago but I've heard nothing since.
 
watchlist Created with Sketch. Add MSV (ASX) to my watchlist
(20min delay)
Last
40.5¢
Change
-0.010(2.41%)
Mkt cap ! $86.58M
Open High Low Value Volume
41.5¢ 41.5¢ 40.0¢ $284.6K 708.4K

Buyers (Bids)

No. Vol. Price($)
2 26389 40.0¢
 

Sellers (Offers)

Price($) Vol. No.
40.5¢ 4269 1
View Market Depth
Last trade - 15.58pm 26/09/2024 (20 minute delay) ?
MSV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.