MMS view going forward

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Question asked 16/12/2023

MMS view going forward

Have tonight reread all the questions and answers on MMS and SIQ along with the Stock Report on MMS which has produced a two part question please. 1. With SIQ winning the SA Government contract from 1 July next year we have seen its share price bounce, why then is there no significant movement down in MMS shares but do note that they is in a slight downtrend anyway in recent days. 2. In regard to the MMS Share Report it has me perplexed. Firstly SIQ is not a peer company and secondly the overall score is 9 yet fundamentals is only a 4. Perhaps we need a webinar on how to understand these reports especially for old blokes like me. Loving Market Matters and the ability to ask questions. Regards Geoff

Answer

Hi Geoff,

Thanks for the feedback, always appreciated. The idea around an explanation webinar is excellent and we will plan one for next year, we are very conscious that many MM subscribers don’t get the full benefit of the service by under utilising the comprehensive website, it offers far more than most people realise. However, in the meantime our customer team are more than happy to organise site tours to improve the MM experience.

The last 2-weeks has seen MMS fall over 10% while SIQ has advanced ~6%, a reasonable disconnect after SIQ won the SA Government contract. At this stage we believe SIQ is likely to maintain its outperformance but most of the news does look to be baked into the respective stock prices.

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McMillan Shakespeare Ltd (MMS)

LAST UPDATED 16/12/2023 07:25

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