MSV 0.00% 42.0¢ mitchell services limited

Happy to keep buying at his level.Drill rig demand should remain...

  1. 1,201 Posts.
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    Happy to keep buying at his level.
    Drill rig demand should remain strong.
    In this high inflation environment strong commodity prices are supported.

    Heard back from CFO that gave me comfort company tracking well.
    Cashflow effected by mobilization and demobilization costs and inventory up.
    2 of the 9 rigs have arrived and they will continue to arrive for the remainder of the financial year.
    Capital raising presentation has shown 30/6/22 debt should increase to $36M. If we have $10M cash then our Enterprise value will be $120M and our EBITDA run rate then should be $50-$60M p.a.

    If all goes to plan our share price should rerate strongly some time in the next 12 months.

 
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Mkt cap ! $89.70M
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42.0¢ 42.0¢ 42.0¢ $6.003K 14.29K

Buyers (Bids)

No. Vol. Price($)
5 127090 40.5¢
 

Sellers (Offers)

Price($) Vol. No.
42.0¢ 513 1
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Last trade - 13.54pm 24/06/2024 (20 minute delay) ?
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