What you mean nothing wrong here?
If revenues were driven by ad-hoc hotel work then this is assumed to be not stable revenue & therefore not normalized earnings.
The business achieves 20% gross margins & 1-4% EBIT margins. If their revenue gets cut from less ad-hoc work the business is going to lose money. I think there is alot wrong here. Once I didn't get a response on the 36% customer I was unsure if they were a stable recurring customer or a once off short term ad-hoc contract customer (Government) given the hesitation in his response & lack of transparency I got out quick. I may ne wrong on that decision but I won't regret getting out as I believe I made the right decision based on the information I had & believe this was a good investment move.
- Forums
- ASX - By Stock
- MSG
- FY21 revenues - temporary increase?
FY21 revenues - temporary increase?, page-4
-
- There are more pages in this discussion • 5 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 MSG (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $792.4K |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
MSG (ASX) Chart |
Day chart unavailable