MSV 1.33% 38.0¢ mitchell services limited

Yep.Long shot but there's a possibility that......1) you're...

  1. 1,325 Posts.
    lightbulb Created with Sketch. 749
    Yep.

    Long shot but there's a possibility that......

    1) you're right on the rig sale &/or
    2)negotiations for a settlement are in train/close

    & they've been holding off posting the quarterly in order that a further write down isn't required. In any case it will be interesting & I keep looking at the market cap of DDH at 4x MSV with a comparable rig count though DDH have a full utilization rate & a better balance sheet to the tune of $25million. Still there's a massive gap in the valuations.......
 
watchlist Created with Sketch. Add MSV (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.