MCE 0.00% 30.0¢ matrix composites & engineering limited

if they ever, page-35

  1. 23,528 Posts.
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    I wouldn't put another cent into Matrix until they convert all there so called 'strong quotation activity' turns into 'real' orders and we hear that the revised earnings guidance is being achieved.

    Revenue
    Revised Guidance $145m
    Previous Guidance
    Low $165m
    High $175m

    While the revised guidance is disappointing and
    below previous expectations, the Board considers
    that market conditions are set to improve, as evidenced by the recent strong recovery in the buoyancy order book and
    a recovery in well construction sales.

    http://www.matrixengineered.com/media/69214/0227-Earnings%20Guidance%20Update.pdf

    and why don't they release this to the market.

    MATRIX SUPPLIES INSTALLATION
    BUOYANCY TO WHEATSTONE PROJECT


    Read Here
 
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