MSV 0.00% 40.5¢ mitchell services limited

Ann: Quarterly Investor Update, page-9

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    Your disclosure indicates you have more insight on these contracts than I have. I am ex credit manager, banker and debt collector so I see things from a desk point of view to some extent although 30 yrs of investing tends to give you a few clues about what happens on the ground and the cynic in me causes me to spend hours researching. What I do not have much experience with is the hidden risks.

    You are right about Morgans - they have been cheerleaders and have been pushing MSV hard. Their research always reads OK but it is at the upper end of what is likely in my view. I am not heavily committed here but I do like the turnaround possibilities.
 
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