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%.
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Australia Unwrapped provides only general and not personalised financial advice and in no way has taken your 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 authenticity of postings, comments or the article.
