MSV 0.00% 37.0¢ mitchell services limited

Ann: Quarterly Investor Update, page-2

  1. 621 Posts.
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    I’m starting to doubt management whether all this talk of being busy actually means being profitable.

    Ebitda not growing in line with revenue, cashflow down significantly, whether that due to working capital, not sure can’t tell from the update.

    Debt reduction is good but that only because of the capital raise.

    All in all pretty disappointed with the recent update and glad I sold half my shares recently
 
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