Mitchell Services Limited ASX: MSV Near 20 Percent Share Price Drop
Mitchell Services Limited (ASX: MSV) share price appeaWhy Is Mitchell Services Limited ASX: MSV Share Price Falling Todayrs to be in near free-fall today after an announcement on the ASX released 12 February 2021 at 10:57am.
The Quarterly investor Update https://www.fool.com.au/tickers/asx-msv/announcements/2021-02-12/2a1280083/quarterly-investor-update/ the key point behind the fall in value could be the loss reported of 1.2 million per month after some difficulties with a client thus terminating the contract.
Also they have $8.5 Million outstanding receivables.
Mitchell Services Limited ASX: MSV
At time of publication the company on the back of the news it down 19.30%.
Australia Unwrapped provides only general, and not personalised financial advice, and in no way has taken your personal circumstances into account. Investments go up and down, any questions talk to a financial advisor. This blog is opinion only and in no way should investment decisions be based on this information.
Australia Unwrapped does not endorse or vouch for the accuracy or
the authenticity of postings, comments or the article;
No-one is permitted to make postings or comments as a licensed investment
adviser, or as a representative of a licensed adviser;
Postings are at best general information, not professional
investment advice prepared by taking into account any individual
circumstances and needs of particular investors. Therefore, before
acting on the basis of what is said in a posting, you should:
Consider consulting a licensed adviser (ASIC’s website at
www.asic.gov.au has a list of licensed advisers); and
Visit ASIC’s consumer website at www.fido.gov.au for
general guidance about investing;
[Historical note: RG 162.41(c)(ii) was amended on 4/7/2007 to refer to ASIC’s
current consumer website.]