MSV 1.20% 41.0¢ mitchell services limited

Ann: Quarterly Investor Update, page-30

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    One way of learning more about MSV is to go into their company announcements on either your broker site or the company website. They have reduced debt from something like $18 million down to approx $1.5 mill, so MSV is a cash generator. When they get down to their desired debt level, their other two options are to issue larger and/or more frequent dividends, buy back even more shares, buy more equipment or consider “assimilating” another company. But go and read the company announcement and releases over the past 2-3 years is a good way of getting a “handle” on the company and its options and/or intentions. My comment above about the appaling standard of their podcast was an update and altho poorly presented the podcast outlined the options that the company has.
 
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