MSV 1.20% 41.0¢ mitchell services limited

Ann: Quarterly Investor Update, page-27

  1. 1,245 Posts.
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    Maybe. I'd suggest the Dec quarterly last year was held over due to the impairment fiasco & they were either trying to ascertain recovery likelihood/determine accounting treatment &/or dress it up in the end as best they could. Ordinarily they post them 14-21 days after quarters end so I'm expecting them either late this week or early next week but haven't confirmed this with the CFO.

    Not sure why investors participate in the raise & then gradually sell down at a loss especially when story hasn't changed. They gave a pretty detailed picture of what they hope to achieve this FY & I'd think they'd be very keen to achieve at least those numbers.

    I'm still here and taking stock gradually from people selling sub 39c.There's one particular seller that daily places a large sell order, removes it at end of day and places it again each day. It's been a consistent play to keep a lid on the price. To what end I have no idea. I've been happy to sit in front of it & take stock in the process.

    Keenly awaiting this quarterly with expectations of a return to near financial metrics of those posted prior to the impairment. With a little luck I'm hoping you're right.


 
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