Why Invest in Mitchell Services

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 graph

Material Revenue
and earnings growth

  • 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 graph

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

MSV Undervalued
on key metrics

  • Share price vs traditional multiples
  • Share price vs net tangible assets

Latest announcements

02 / 01 / 2024

Notification of buy-back

PDF (26 KB)

29 / 12 / 2023

Notification of buy-back

PDF (26 KB)

28 / 12 / 2023

Notification of buy-back

PDF (26 KB)