Started looking at MSG recently - due to low market cap and first quarter cashflow positive. I note the directors aren't taking fees so probably not a true reflection of the cashflow position, but still decent. I get it's only one quarter and people probably want to see a few quarters of decent results.
Does anyone have any thoughts on why the price is so low? Lack of company promotion/ direction (sounds like the board is just over it all and want to sell up and RTO), or possibility of suspension following the business divestment?
I get that if that business is sold and we go into suspension it can take a long time to come up on suspension with a recapitalisation and new business. To me that seems like the biggest risk at the moment (no one likes cash being held up indefinitely) but just wondering if anyone else whos been following the company a while has any thoughts.
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