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MCS Services Limited (ASX:MSG)

ALERT: Price-sensitive ASX Announcement for MSG
Current share price for MSG : $0.003 -0.003 (-50%)+
Announcement
Release
30 Apr 2026 12:15PM
Price at Release
$0.006
Full Release
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Summary
MCS Services Limited (ASX: MSG) presented its quarterly activities and cash flow report for the period ending 31 March 2026. The company's cash and net receivables stood at $1.17 million. Major activities include traffic management services in Western Australia, with potential restructuring in compliance with ASX rules. A revised agreement with Altus Traffic Pty Ltd was made for the sale of key assets. The cash flow reported a net increase of $82,000, and the completion of asset sale is expected in May 2026. No payments to directors or related parties occurred during this quarter.
Key Points
  • MCS Services Limited (ASX: MSG) reported its activities and cash flow for the quarter ending 31 March 2026.
  • The company's cash and net receivables totaled $1.17 million, with $1.21 million in cash and negative $0.05 million in net receivables.
  • The main business activity remains traffic management services in Western Australia through subsidiary Highways Traffic Pty Ltd.
  • An updated Asset Purchase Agreement with Altus Traffic Pty Ltd was executed for the sale of Highways Traffic Pty Ltd's assets.
  • Cashflow from operating, investing, and financing activities resulted in a net increase of $82,000 for the quarter.
  • The company is open to approaches for potential restructuring and recompliance with ASX Listing Rules.
  • No director fees or related party payments were made during the quarter.
  • The company anticipates completing the transaction with Altus Traffic Pty Ltd in May 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.