MSV - Mitchell Services Limited - Strawman: ASX share price, valuation, research and discussion

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Last edited 6 years ago

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#276

Performance (4m)

6.5%

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#ASX Announcements

stale

Added 6 years ago

New acquisition of Deepcore increases diversity of clients & is EPS accretive.

#Bull Case

stale

Last edited 7 years ago

26/11/18

FYE18 full year EBITDA was $6.25

1st QTR FY19 had $7m EBITDA --> NPBT $3.95m (EBIT $4.2m less $250k interest)

1st QTR EBITDA greater then whole FYE18

Extrapolate this (quite dangerous) EPS is $0.009 --> 4.4x PE (No Tax rate applied)

Mgmt say that they are at the start of the cycle....

Have been paying down debt.

Looked at buying AJ Lucas recently...

#Bear Case

stale

Last edited 7 years ago

Have been running losses while fleet is underutilised.

Macqaurie have been selling.

Mitchell Services Limited