This is a well run business with revenues arcing up as mining services are back in demand and is trading at around 8 times FY18 operating cashflow with earnings highly leveraged to greenfield and brownfield exploration activities, making this a solid earnings performer over the next few years at least.
The share price should perform strongly post FY17 results release when a clear picture of future contracted rig demand should emerge because that's the key cashflow and earnings driver.
What I like most about this business is that the drilling rigs have been bought at half replacement cost and are consistently being deployed meaning that incremental revenues are going to grow at a much faster rate than the (low) incremental costs and that means bigger profit margins on growing revenues.
Get on and hang on chaps because this one is going higher.
- Forums
- ASX - By Stock
- Breaking out
This is a well run business with revenues arcing up as mining...
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MSV (ASX) to my watchlist
(20min delay)
|
|||||
Last
40.5¢ |
Change
-0.020(4.71%) |
Mkt cap ! $86.50M |
Open | High | Low | Value | Volume |
43.0¢ | 44.0¢ | 40.5¢ | $465.3K | 1.089M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 40.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 67125 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 0.405 |
3 | 23750 | 0.400 |
1 | 25317 | 0.395 |
1 | 100000 | 0.390 |
1 | 9000 | 0.385 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 67125 | 1 |
0.435 | 46432 | 1 |
0.450 | 37715 | 1 |
0.465 | 2152 | 1 |
0.470 | 16049 | 1 |
Last trade - 16.10pm 23/04/2024 (20 minute delay) ? |
|
|||||
Last
41.5¢ |
  |
Change
-0.020 ( 2.35 %) |
|||
Open | High | Low | Volume | ||
44.0¢ | 44.0¢ | 41.5¢ | 172778 | ||
Last updated 15.54pm 23/04/2024 ? |
Featured News
MSV (ASX) Chart |