MSV 0.00% 40.5¢ mitchell services limited

Ann: Trading update, page-8

  1. 295 Posts.
    lightbulb Created with Sketch. 7
    No real surprises with this announcement.

    Maybe management need to start factoring in rain disruptions as more likely than unlikely in QLD and
    COVID may be around for 10 years - so they need to start expecting and factoring in interruptions because of COVID to their pricing models.

    Is a concern we have spent on CAPEX and now had a delay in revenue with a fixed cost.

    This will not help the balance sheet and hopefully we won't need to raise capital.

    In saying all this, this isn't that unusual for a small company.

    I actually still think it looks cheap and bought some today at 28 cents but would still like to know what the balance sheet looks like before I buy much more
 
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