2-3 years out, we might well see the flow on effects from the lower oil price.
But right now, there are three players in their space, one is apparently in difficulty and MCE has just been handed a 20% competitive advantage on the other.
Plus, I think MCE to some degree has always run contra cyclical to its industry. It couldn't take advantage of its markets in the good times due to currency and internal issues. Now it's the other way round, and I think they will do much better for at least the next two years.
One more contract, page-8
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Last
33.0¢ |
Change
0.005(1.54%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 33.0¢ | $8.14K | 24.02K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 21000 | 1 |
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| Last trade - 12.30pm 15/08/2024 (20 minute delay) ? |
| MCE (ASX) Chart |