MSV 1.30% 38.0¢ mitchell services limited

Ann: Update - Notification of buy-back - MSV, page-3

  1. ew1
    237 Posts.
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    It is trading on < 2x EBITDA, so bought some more today, i guess others did as well....
    My only concern is around how they beat the June'23 qtrly numbers of 15m EBITDA - unless EBITDA is skewed to Q4?
    Is there anyone that can confirm that? Possible given its renting out its fleet there is a clause which allows recognition of income upfront for the following year?

 
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