Mitchell Services has made significant investment into a world class fleet and we are in a very strong position.
90% of our revenue is with global mining major companies and 80% of our revenue is from production drilling and near mine, or on mine, resource definition drilling.
We have a very disciplined approach to Capital Management and going forward our focus is on reducing our debt significantly and returning material funds to our shareholders through buy-backs and dividends.
Material Revenue
and earnings growth
year-on-year
- Organic growth capex completed and delivering results
- Rig count, utilisation and productivity all increasing
- No income tax FY22 and FY23 – ATO instant asset write-off scheme
Capital Management
supporting future growth and sustainable returns
- Debt declining
- 75% of net profit after tax dividend payout each year
- Buyback underway up to 10% of MSV shares
MSV Undervalued
on key metrics
- Share price vs traditional multiples
- Share price vs net tangible assets