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  1. #31
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    Quote Originally Posted by percy View Post
    Reread them.I found after the second or third read I got very excited.
    And to even think of buying another Australian stock took a lot of excitement.!
    Did not buy many.
    .
    I dialed into the last investor update .One of the biggest things for me was they picked up a lot of these drills and mining equipment at 50 % of the replacement cost . Very well run and I think they will continue to bolt on some small businesses along the way .They have a good pipeline of work- building for a boomer year next year .....
    DISC : Holding & adding since 2016

  2. #32
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    Jun 2015
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    Those rigs are like aeroplanes, just keep them running for max hours just swap out the operators

  3. #33
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    Closed @ 7 cents tonight , on some decent volume. According to a HC post Morgans have initiated coverage with a 10 cent price target .

  4. #34
    percy
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    Like the forward PE of 8.
    10 cents target price looks very achievable.

  5. #35
    percy
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    Excellent presentation out today.

  6. #36
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    Quote Originally Posted by percy View Post
    Excellent presentation out today.
    Might just be me and you talking to each other Percy .... this one is helping me in the ASX comp.
    Love some of the graphs in today’s presentation .


    https://quoteapi.com/resources/da986...esentation.pdf

  7. #37
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    No joy with the link... I've recently bought them too - for the same reasons you mentioned in post 31, plus being a founder lead company which now has virtually nil debt. A lot of potential upside relative to downside.
    Morgans notes that - not surprisingly - they have strong financial leverage to key inputs(utilisation, productivity and rates) to both the up and downside. These scenarios generate wide two-year EBITDA CAGR possibilities (+30% to -8%) and a wide valuation range (5.0-12.4cps). What’s critical here is: 1) clear asymmetrical upside to our valuation range, and in turn; 2) our comfort in further near-term upside to operating inputs (productivity and pricing),

  8. #38
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    If you go on stocknessmonster.com
    You can read the report if you search MSV news 2019

  9. #39
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    Presentation makes good reading. Bought a small parcel as well, very cyclic business though, looking good at the moment though. As soon as fundamentals change il be out

  10. #40
    percy
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    Another good contract win announcement yesterday.

  11. #41
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    Quote Originally Posted by percy View Post
    Another good contract win announcement yesterday.
    Yes they still look to be building up the work steadily .
    My only reservation was the latest Substantial security holder sale .They are Holding 170 Mio now just under 10 % .... I saw yesterday 3.5 mio crossed and 5 mio on the open today @ 6.7 so maybe they are still selling ....( another mil @ 6.6 as well)
    At least they are doing this on a rising tide and hopefully providing liquidity to new blood on the register ...
    Looking forward to my divvy payment at the end of the month

  12. #42
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    Investor update , costs have risen as they have purchased new plant for lease by the looks of it . However it still looks to be a growing business with little debt.

    https://www.asx.com.au/asxpdf/201907...tnjclr0pxz.pdf

  13. #43
    percy
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    Quote Originally Posted by stoploss View Post
    Investor update , costs have risen as they have purchased new plant for lease by the looks of it . However it still looks to be a growing business with little debt.

    https://www.asx.com.au/asxpdf/201907...tnjclr0pxz.pdf
    Most impressive.I am looking to adding to my holding.

  14. #44
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    Guys most of the metrics for this last qtr are less than the first two qtrs despite more rigs and more shifts indicating lower margins and less ebit ?
    Appreciate your opinions. Not holding atp , holding SRG

  15. #45
    percy
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    Quote Originally Posted by Joshuatree View Post
    Guys most of the metrics for this last qtr are less than the first two qtrs despite more rigs and more shifts indicating lower margins and less ebit ?
    Appreciate your opinions. Not holding atp , holding SRG
    Second page.
    second c] The majority of clients etc.............................................So most of June revenue due will go into July .

    Ended up doubling my holding.
    Last edited by percy; 17-07-2019 at 05:08 PM.

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