That was pre covid though. It was part of the out with the old...

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Theeroy

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25/08/20

09:47

Post #: 46788953
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Originally posted by dabozza: ↑

Overall, I think the results are good - or at least as expected.

The dividend thing is neither here or there for me. If anything, why do a capital raising, shore up your balance sheet, and then give dividends? It's just diluting the shareholders. Rather they hold the cash and look for growth opportunities.

The financial performance is good I reckon, and perhaps undervalued by the market. Despite Covid-19 and the impacts on their bottom line, they still managed NPAT per share of around 3c or at about 5% - in this climate really not bad, and they will only go up as you can see how much pent up demand there was in June-July figures. They have decent free cash flow to reinvest / distribute going forward. My back of the envelope fair value estimate is 68c on current performance.

The one thing that concerned me in the report is the five specialists leaving from Victoria - human resource management is difficult, but anyone know what happened there? May be tough to simply replace those skills.

P.S> If it goes below 55c again, with results like this, I may have to buy more !

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That was pre covid though. It was part of the out with the old in with the new.

The share price had already taken a pummelling on the back of that news.

Now they have new management, and a new direction.

MVF Price at posting: 58.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 63.0¢		Change -0.015(2.33%)		Mkt cap ! $245.4M

Open	High	Low	Value	Volume
65.0¢	65.5¢	62.0¢	$3.760M	5.908M

Buyers (Bids)

No.	Vol.	Price($)
5	55898	62.5¢

Sellers (Offers)

Price($)	Vol.	No.
63.5¢	45312	3

View Market Depth

No.	Vol.	Price($)
5	55898	0.625
17	156324	0.620
9	116599	0.615
19	116390	0.610
15	100057	0.605

Price($)	Vol.	No.
0.635	45312	3
0.640	83459	5
0.645	54529	2
0.650	134327	5
0.655	454343	4

Last trade - 16.10pm 17/06/2025 (20 minute delay)

MVF (ASX) Chart

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