Professional
Added to YB: 2024-07-22
Pitch date: 2024-07-19
MSV.AX [bullish]
Mitchell Services Limited
-25.87%
current return
Author Info
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Company Info
Mitchell Services Limited, together with its subsidiaries, provides exploration, and mine site and geotechnical drilling services to the exploration, mining, and energy industries in Australia.
Market Cap
AUD 55.0M
Pitch Price
AUD 0.43
Price Target
2.15 (+572%)
Dividend
N/A
EV/EBITDA
2.05
P/E
12.39
EV/Sales
0.29
Sector
Metals and Mining
Category
special_situation
Rogue Funds Portfolio Holding: Mitchell Services Limited
MSV.AX: Aussie drilling co. benefited from instant write-off program, masking earnings but boosting FCF. High depreciation to normalize, revealing true earnings. 10% buyback, 5% dividend. Chairman pushing shareholder returns. 4-5x upside potential from current price. 6th largest position in fund.
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